$228,000
SOLD JUN 12, 2017

7109 Martin Lake Rd Summerfield, NC 27358

3 Beds
2 Baths
1,600 Sq Ft
1.51 Acres

Recently Sold

$142 Per Sq Ft

1% Below List Price

Highlights

  • No HOA
  • Summerfield Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of June 2017

For comps only.

Last Agent to Sell the Property

Chidi Akwari

Akwari & Company, LLC License #262495 Listed on: 06/12/2017

Last Buyer's Agent

Chidi Akwari

Akwari & Company, LLC License #262495 Listed on: 06/12/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,531

Year Built

  • Built in 2007

Lot Details

  • 1.51 Acre Lot
  • Property is zoned AG

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,444 Sq Ft Home
  • 1,200-1,600 Sq Ft Home
  • Property has 1 Level
  • Great Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Northern Middle School
  • Northern High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0146344
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,531

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 1.51
  • Subdivision Name: None
  • Directions: Martin Lake Road, home is on the right.
  • Above Grade Finished Sq Ft: 1444
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 2007
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1200 - 1600
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Great Room
  • Fireplaces: 1
  • Living Area: 1444
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Pool Features: None
  • Construction Type: Brick, Vinyl Siding
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Driveway, See Remarks

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Well
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Gas

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Northern
  • Middle Or Junior School: Northern

Lot Info

  • Parcel #: 0146344
  • Zoning: AG
  • TRIADMLS_PricePerAcre: 152317.8808
  • TRIADMLS_DeedPage: 2238
  • TRIADMLS_DeedBook: 3553
  • TRIADMLS_AcresRange: 1 - 2

Tax Info

  • Tax Annual Amount: 1531
  • Tax Year: 2016
  • TRIADMLS_TaxRate: 0.91

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
$360,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,777
Avg. Annual Appreciation
5.73%
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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Trustee Deed $170,000 None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $217,500 New Conventional
Closed $176,800 Future Advance Clause Open End Mortgage
Previous Owner $168,300 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $30,662 Unknown
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 -- --
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
2024 $1,998 $224,700 $75,000 $149,700
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

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Map

Source: Triad MLS

MLS Number: 838643

Triad MLS

APN: 0146344