NOT LISTED FOR SALE

711 Summit St Monroe, NC 28112

Estimated Value: $64,504 - $78,000

1 Bed
1 Bath
435 Sq Ft
$163/Sq Ft Est. Value

Last Sold March 10, 2021

Last sale price $45,000 $103 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $412/month

29 Days on Market

About This Home

As of March 2021

Calling all investors! This 1 bed/1 bath bungalow has a tenant in place who wants to stay. Great price!

Last Agent to Sell the Property

Tonya Benton

Choice One Realty Experts LLC License #232690 Listed on: 01/04/2021

Last Buyer's Agent

Matt Lowe

DW Realty Team Inc License #208931

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 7,405

Home Design

  • A-Frame Home

Interior Spaces

  • 1 Full Bathroom
  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 09-234-072

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: A-Frame
  • Ratio Close Price By List Price: 0.90180
  • Ratio Close Price By Original Li: 0.90180
  • Ratio Current Price By Acre: 264705.88
  • Ratio Current Price By Sq Ft: 103.45
  • Year Built: 1930
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Outside Entrance, Basement Partially Finished
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 1
  • Equipment: Refrigerator
  • Room Count: 1
  • Main Level Sq Ft: 435
  • Total Sq Ft: 435

Exterior Features

  • Construction: Concrete Block
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Earth
  • Parking: Parking Space - 2

Utilities

  • Heating: No A/C
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Lot Info

  • Parcel Number: 09-234-072
  • Zoning Specification: AQ5

Tax Info

  • Tax Value: 16000.00
  • Tax Location: Union

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2021
Closed on
Mar 10, 2021
Sold by
Butler William Scoft and Butler Wendy J
Bought by
Hudson Derreck Lee
Seller's Agent
Tonya Benton
Choice One Realty Experts LLC
Buyer's Agent
Matt Lowe
DW Realty Team Inc
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%
Current Estimated Value
$70,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,835
Avg. Annual Appreciation
9.91%
Original Mortgage
$36,000
Outstanding Balance
$32,124
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$38,711

Purchase Details

Closed on
Apr 20, 2018
Sold by
Talmadge Andrew V and Talmadge Kathleen H
Bought by
Butler William Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,500
Interest Rate
4.44%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hudson Derreck Lee $45,000 First American Mortgage Sln
Butler William Scott $30,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hudson Derreck Lee $36,000
Previous Owner Butler William Scott $25,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2021 03/10/21 Sold $45,000 -9.8% $103 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $49,900 -- $115 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $493 $56,400 $0 $0
2024 $258 $23,700 $14,100 $9,600
2023 $258 $23,700 $14,100 $9,600
2022 $258 $23,700 $14,100 $9,600
2021 $258 $23,700 $14,100 $9,600
2020 $99 $16,020 $11,920 $4,100
2019 $216 $16,020 $11,920 $4,100
2018 $99 $16,020 $11,920 $4,100
2017 $219 $16,000 $11,900 $4,100
2016 $216 $16,020 $11,920 $4,100
2015 $124 $16,020 $11,920 $4,100
2014 $272 $22,320 $14,820 $7,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3696457

Canopy MLS (Canopy Realtor® Association)

APN: 09-234-072