NOT LISTED FOR SALE

550 Summitt Dr Sanford, NC 27330

Estimated Value: $274,000 - $392,947

2 Beds
2 Baths
1,778 Sq Ft
$196/Sq Ft Est. Value

Last Sold August 02, 2023

Last sale price $377,000 $212 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,838/month

3 Days on Market

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Cottage
  • Main Floor Primary Bedroom
  • No HOA
  • Circular Driveway

About This Home

As of August 2023

This is a once in a lifetime home. You’ll find charm and character in every corner of this Spanish colonial meets English cottage home in Sanford’s desirable and adorable downtown district. This house speaks for itself, proudly displaying heartwood pine flooring, original clawfoot tub, handmade tile and custom everything else. This is your chance, don’t miss out. ALL OFFERS ARE DUE BY MONDAY (06/06) AT NOON.

Last Agent to Sell the Property

Morgan Howes

Allen Tate / Durham License #320202 Listed on: 06/24/2023

Allen Tate / Durham

Last Buyer's Agent

Kevin Starkey

Compass -- Cary License #264988

Compass -- Cary

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,971

Year Built

  • Built in 1940

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 74.5x205x69.5x203

Parking

  • Circular Driveway

Home Design

  • Cottage
  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 1,778 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Wood Flooring
  • Crawl Space
  • Gas Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Schools

  • B T Bullock Elementary School
  • West Lee Middle School
  • Lee High School

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Mciver Park Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,971

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Year Built: 1940
  • Prop. Type: Residential
  • Subdivision Name: McIver Park
  • Above Grade Finished Sq Ft: 1778.0
  • Architectural Style: Cottage
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 74.5x205x69.5x203
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Laundry Features Main Level: Yes
  • Structure Type Site Built: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Room Types Primary Bedroom Level: M
  • Architectural Style Cottage: Yes
  • General Property Information Above Grade Finished Area: 1778.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 14374.8
  • General Property Information Lot Size Acres: 0.33
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood
  • Basement: Crawl Space
  • Appliances: Electric Water Heater, Gas Range
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Basement:Crawl Space: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Gas Range: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.33
  • Construction Type: Brick, Stucco
  • Construction Materials:Brick: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Circular Driveway, Concrete, Driveway
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Circular Driveway: Yes

Utilities

  • Heating: Electric
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Lee - Lee
  • Middle Or Junior School: Lee - West Lee

Lot Info

  • Lot Dimensions: 74.5x205x69.5x203
  • Lot Size Sq Ft: 14374.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3971.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Lee - B T Bullock

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2023
Closed on
Jul 27, 2023
Sold by
Scallon Martha
Bought by
Mccalla Devon
Seller's Agent
Morgan Howes
Allen Tate / Durham
Buyer's Agent
Kevin Starkey
Compass -- Cary
List Price
$377,000
Sold Price
$377,000
Views
122
Current Estimated Value
$348,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,013
Avg. Annual Appreciation
-3.39%

Purchase Details

Listed on
Jun 2, 2022
Closed on
Jul 11, 2022
Sold by
Brick City Properties Llc
Bought by
Scallon Martha
Seller's Agent
Morgan Howes
Allen Tate/Pittsboro
Buyer's Agent
Richard Moore
Aimee Anderson & Associates
List Price
$305,000
Sold Price
$340,000
Premium/Discount to List
$35,000
11.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.24%
Original Mortgage
$140,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2022
Sold by
Suzanne Treece Linda
Bought by
Brick City Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3.11%
Mortgage Type
Construction

Purchase Details

Listed on
Apr 3, 2018
Closed on
May 10, 2018
Sold by
Roberts Jean P
Bought by
Treece Linda Suzanne
Seller's Agent
JASON PATE
SMITH GROUP REALTY LLC
Buyer's Agent
NON EXISTING AGENT
INFINITY REAL ESTATE
List Price
$155,500
Sold Price
$155,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.41%

Purchase Details

Closed on
Apr 27, 2007
Sold by
Twanda Dani
Bought by
Roberts Jean P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
6.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2004
Sold by
Bracken Dale Stephens
Bought by
T'Wanda Dani
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mccalla Devon $377,000 Allied Title
Scallon Martha $340,000 Hatchett C Mitchell
Brick City Properties Llc $187,000 None Listed On Document
Brick City Properties Llc $187,000 None Listed On Document
Treece Linda Suzanne $155,500 None Available
Roberts Jean P $132,000 None Available
T'Wanda Dani $102,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scallon Martha $140,000
Previous Owner Brick City Properties Llc $205,000
Previous Owner Roberts Jean P $99,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2023 12/15/23 Off Market $340,000 -- --
08/02/2023 08/02/23 Sold $377,000 0.0% $212 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/23/2023 06/23/23 For Sale $377,000 +10.9% $212 / Sq Ft
07/11/2022 07/11/22 Sold $340,000 +11.5% $191 / Sq Ft View Prior Sale
06/06/2022 06/06/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $305,000 +96.1% $172 / Sq Ft
05/10/2018 05/10/18 Sold $155,500 0.0% $89 / Sq Ft View Prior Sale
04/07/2018 04/07/18 Pending -- -- --
04/03/2018 04/03/18 For Sale $155,500 -- $89 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $294,200 $25,500 $268,700
2024 $20 $294,200 $25,500 $268,700
2023 $3,826 $294,200 $25,500 $268,700
2022 $2,408 $154,700 $21,300 $133,400
2021 $2,445 $154,700 $21,300 $133,400
2020 $2,437 $154,700 $21,300 $133,400
2019 $2,397 $154,700 $21,300 $133,400
2018 $1,586 $96,200 $22,000 $74,200
2017 $1,567 $96,200 $22,000 $74,200
2016 $1,542 $96,200 $22,000 $74,200
2014 $1,470 $96,200 $22,000 $74,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2517967

Doorify MLS

APN: 9642-39-8617-00