NOT LISTED FOR SALE

7109 Martin Lake Rd Summerfield, NC 27358

Estimated Value: $274,000 - $427,000

3 Beds
2 Baths
1,550 Sq Ft
$232/Sq Ft Est. Value

Last Sold June 12, 2017

Last sale price $228,000 $147 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $2,184/month

About This Home

As of June 2017

NEWER CONSTRUCTION boasting COMPLETE PRIVACY but a neighborhood setting in the coveted NORTHERN SCHOOL DISTRICT. Over 1.5 ACRES of LOW MAINTENANCE LAND with multiple carports and a HUGE wired garage/workshop! Washer/dryer and side by side fridge included. Home offers GRANITE COUNTERS, gleaming HARDWOODS, and an OPEN floor plan. Incredible SUNROOM off the back and master features DUAL VANITIES and walk in shower. SURROUND SOUND in the great room with FIREPLACE. Tile backsplash, ceiling fans, INCREDIBLY convenient to NC-150 & seconds from fun at Summerfield Farms.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2017
Closed on
Jun 9, 2017
Sold by
Redmon Gene D and Redmon Judy M
Bought by
Akwari Chidi and Akwari Anna
Seller's Agent
Chidi Akwari
Akwari & Company, LLC
Buyer's Agent
Chidi Akwari
Akwari & Company, LLC
List Price
$230,000
Sold Price
$228,000
Premium/Discount to List
-$2,000
-0.87%
Current Estimated Value
$359,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,208
Avg. Annual Appreciation
6.53%
Original Mortgage
$176,800
Interest Rate
4.05%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 1, 2001
Sold by
Redmon Gene and Redmon Judy
Bought by
Redmon D Gene and Redmon Judy M
Source: Public Records

Range of Values:

Collateral Analytics

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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
Akwari Chidi $170,000 None Available
Redmon D Gene -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akwari Chidi J $217,500
Closed Akwari Chidi $176,800
Previous Owner Redmon D Gene $168,300
Previous Owner Redmon Judy M $100,000
Previous Owner Redmon Gene $30,662
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2021 07/07/21 Rented $1,695 +6.3% --
10/29/2018 10/29/18 For Rent $1,595 0.0% --
10/29/2018 10/29/18 Rented $1,595 0.0% --
06/12/2017 06/12/17 Sold $228,000 -0.9% $190 / Sq Ft
06/12/2017 06/12/17 Pending -- -- --
06/12/2017 06/12/17 For Sale $230,000 0.0% $192 / Sq Ft
05/30/2017 05/30/17 For Rent $1,590 0.0% --
05/30/2017 05/30/17 Rented $1,590 -- --

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
2023 $1,998 $224,700 $75,000 $149,700
2022 $1,998 $224,700 $75,000 $149,700
2021 $1,501 $168,800 $37,500 $131,300
2020 $1,501 $168,800 $37,500 $131,300
2019 $1,501 $168,800 $0 $0
2018 $1,493 $168,800 $0 $0
2017 $1,501 $168,800 $0 $0
2016 $1,531 $167,600 $0 $0
2015 $1,539 $167,600 $0 $0
2014 $1,556 $167,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chidi Akwari

    Seller's Agent in 2021

    Chidi Akwari

    Akwari & Company, LLC

    (336) 337-1927

    183 Total Sales

    Chidi Akwari
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Map

North Carolina Guilford County Summerfield 27358

7109 Martin Lake Rd, Summerfield, NC

This home is located at 7109 Martin Lake Rd, Summerfield, NC 27358 and is currently estimated at $359,208, approximately $231 per square foot. 7109 Martin Lake Rd is a home located in Guilford County with nearby schools including Summerfield Elementary School, Northern Guilford Middle School, and Northern Guilford High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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