NOT LISTED FOR SALE

5522 Lazy Creek Ln Summerfield, NC 27358

Estimated Value: $293,000 - $318,000

16.03 Acres
$19,007 Price per Acre
698,267 Sq Ft Lot

Last Sold May 17, 2024

Last sale price $400,000

Est. 24% decrease in value since last sale

Current estimated payment $1,727/month

32 Days on Market

Highlights

  • Secluded Lot
  • Wooded Lot
  • No HOA
  • E.P. Pearce Elementary School Rated A-

About This Lot

As of May 2024

Rare opportunity to own 16 beautifully wooded acres on a private lane in Summerfield. Bring your own builder and design a personal retreat. This property includes two parcels at #5522 and near #5525 Lazy Creek Lane. Surveys available; 5-bedroom septic permit on file. APPOINTMENT REQUIRED to walk the land. Please do not disturb neighbors on this private lane. AGENTS, please see remarks and attachments.

Last Agent to Sell the Property

Leslie Morgan

Howard Hanna Allen Tate - Greensboro License #313511 Listed on: 03/14/2024

Howard Hanna Allen Tate - Greensboro

Last Buyer's Agent

Alison Blaum

Real Broker LLC License #257275

Real Broker LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,944

Lot Details

  • 16.03 Acre Lot
  • Property fronts a private road
  • Secluded Lot
  • Wooded Lot
  • Property is zoned AG

Home Design

  • Tar and Gravel Roof

Schools

  • Northwest Middle School
  • Northwest High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 231761, 145702
  • 1% Total Tax Rate

Property Details

Property Type

Land

Est. Annual Taxes

$1,944

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Land
  • Lot Size Acres: 16.03
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Directions: APPOINTMENT REQUIRED to visit land. From Pleasant Ridge Road, turn onto Lazy Creek Lane (a gravel road). Follow the gravel road to the Allen Tate signs marking the gravel driveway/turnaround for 5522. PLEASE DO NOT DISTURB neighbors. Private lane.
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • Special Features: None

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: Natural Land, Secluded, Wooded
  • Flood Zone: Not in Flood Zone

Utilities

  • Sewer: Remarks

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Pearce
  • High School: Northwest
  • Middle Or Junior School: Northwest

Lot Info

  • Wooded Area: 696960
  • Parcel #: 231761, 145702
  • Zoning: AG
  • TRIADMLS_PricePerAcre: 24953.2127
  • TRIADMLS_DeedPage: 02883
  • TRIADMLS_DeedBook: 008580
  • TRIADMLS_AcresRange: 14 - 17

Tax Info

  • Tax Annual Amount: 1944.25
  • Tax Year: 2023
  • TRIADMLS_TaxRate: 0.89

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
May 17, 2024
Sold by
Wright Michael Eugene and Wright Michelle Lynn
Bought by
Orphic Acres Llc
Seller's Agent
Leslie Morgan
Howard Hanna Allen Tate - Greensboro
Buyer's Agent
Alison Blaum
Real Broker LLC
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%
Views
71
Current Estimated Value
$304,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$95,316
Avg. Annual Appreciation
-17.56%
Original Mortgage
$260,000
Outstanding Balance
$256,312
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$48,372
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
Orphic Acres Llc $400,000 None Listed On Document
Orphic Acres Llc $400,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orphic Acres Llc $260,000
Closed Orphic Acres Llc $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2024 05/17/24 Sold $400,000 -11.1% --
04/16/2024 04/16/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $450,000 +125.0% --
02/16/2022 02/16/22 Sold $200,000 -- -- View Prior Sale
Source: Triad 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 $1,334 $150,100 $150,100 --
2024 $1,334 $150,100 $150,100 --
2023 $1,334 $150,100 $150,100 $0
2022 $1,641 $150,100 $150,100 $0
2021 $1,392 $156,600 $156,600 $0
2020 $0 $156,600 $156,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Leslie Morgan

    Seller's Agent in 2024

    Leslie Morgan

    Howard Hanna Allen Tate - Greensboro

    (336) 908-2650

    63 Total Sales

    Leslie Morgan
    Section Image

  • A

    Buyer's Agent in 2024

    Alison Blaum

    Real Broker LLC

    (336) 409-9833

    105 Total Sales

    Alison Blaum
    Section Image
  • Nicole Gillespie

    Seller's Agent in 2022

    Nicole Gillespie

    RE/MAX

    (336) 210-3895

    238 Total Sales

    Nicole Gillespie
    Section Image
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Map

Source: Triad MLS

MLS Number: 1135844

Triad MLS

APN: 0231761

North Carolina Guilford County Summerfield 27358

5522 Lazy Creek Ln, Summerfield, NC

This home is located at 5522 Lazy Creek Ln, Summerfield, NC 27358 since 14 March 2024 and is currently estimated at $304,684. 5522 Lazy Creek Ln is a home located in Guilford County with nearby schools including E.P. Pearce Elementary School, Northwest Guilford Middle School, and Northwest Guilford High School.

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