NOT LISTED FOR SALE

7131 Martin Lake Rd Summerfield, NC 27358

Estimated Value: $161,562 - $256,000

2 Beds
1 Bath
1,000 Sq Ft
$218/Sq Ft Est. Value

Last Sold March 11, 2024

Last sale price $239,900 $240 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $1,273/month

18 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Porch
  • Summerfield Elementary School Rated A-
  • 1 Car Detached Garage
  • Central Air

About This Home

As of March 2024

Adorable renovated bungalow in the heart of Summerfield! Kitchen boasts new cabinets, countertops, and stainless steel appliances. Bathroom was completely renovated including new tile shower. Freshly painted throughout. New HVAC and water heater 2023. Enclosed porch not included in square footage. This listing also includes 0.26 acre adjacent lot- 7129 Martin Lake Rd. Don't miss out on this unique opportunity for a move-in ready home in Summerfield!

Last Listed By

Karen Kimrey

Triad's Finest Real Estate by eXp Realty License #222606 Listed on: 01/15/2024

Triad's Finest Real Estate by eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $647

Year Built

  • Built in 1951

Lot Details

  • 0.27 Acre Lot
  • Property is zoned RS-40

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 950 Sq Ft Home
  • 800-1,000 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Dryer Hookup

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Schools

  • Northern Middle School
  • Northern High School

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 146347
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$647

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.27
  • Co List Office Mls Id: GERL03
  • Co List Office Phone: 888-584-9431
  • Subdivision Name: None
  • Directions: From downtown Greensboro, north on Battleground Ave / US-220, Right onto NC Hwy 150 W, Right onto Martin Lake Rd. House is on the Right.
  • Above Grade Finished Sq Ft: 950
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1951
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Tile, Vinyl, Wood
  • Interior Amenities: Ceiling Fan(s), Pantry
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 950
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Driveway, Garage, Detached
  • Garage Description: Detached Garage

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Cooling: Central Air
  • Heating: Heat Pump, Electric
  • Water Source: Well
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Parcel #: 146347
  • Zoning: RS-40
  • TRIADMLS_PricePerAcre: 888518.5185
  • TRIADMLS_DeedPage: 00622
  • TRIADMLS_DeedBook: 008781
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 647
  • Tax Year: 2023
  • TRIADMLS_TaxRate: 0.889

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2024
Closed on
Mar 11, 2024
Sold by
Caerus Properties Llc
Bought by
Alexander Hillary G and Wooten Alexander Valerie
Seller's Agent
Karen Kimrey
Triad's Finest Real Estate by eXp Realty
Buyer's Agent
Julie Trogdon
Triad's Finest Real Estate by eXp Realty
List Price
$239,900
Sold Price
$239,900
Total Days on Market
18
Views
79
Current Estimated Value
$217,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,009
Avg. Annual Appreciation
-7.69%
Original Mortgage
$190,000
Outstanding Balance
$187,775
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$29,824

Purchase Details

Closed on
May 17, 2023
Sold by
Hutcherson James Gany and Hutcherson Ann C
Bought by
Caerus Properties Llc

Purchase Details

Closed on
Aug 14, 1987
Bought by
Hutcherson James Garry

Range of Values:

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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
Alexander Hillary G $240,000 None Listed On Document
Caerus Properties Llc $145,000 None Listed On Document
Hutcherson James Garry $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alexander Hillary G $190,000
Previous Owner Hutcherson J G $38,513
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2024 03/11/24 Sold $239,900 0.0% $300 / Sq Ft
02/03/2024 02/03/24 Pending -- -- --
01/15/2024 01/15/24 For Sale $239,900 -- $300 / Sq Ft
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
2023 $647 $69,600 $45,000 $24,600
2022 $647 $72,800 $45,000 $27,800
2021 $454 $51,100 $30,000 $21,100
2020 $454 $51,100 $30,000 $21,100
2019 $454 $51,100 $0 $0
2018 $452 $51,100 $0 $0
2017 $454 $51,100 $0 $0
2016 $480 $52,500 $0 $0
2015 $482 $52,500 $0 $0
2014 $487 $52,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Karen Kimrey

    Triad's Finest Real Estate by eXp Realty

    (336) 202-7572

    114 Total Sales

    Karen Kimrey
    Section Image
  • Kristen Haynes

    Seller Co-Listing Agent in 2024

    Kristen Haynes

    (336) 209-3382

    269 Total Sales

    Kristen Haynes
    Section Image

  • J

    Buyer's Agent in 2024

    Julie Trogdon

    Triad's Finest Real Estate by eXp Realty

    (336) 908-5119

    36 Total Sales

    Julie Trogdon
    Section Image
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Map

Source: Triad MLS

MLS Number: 1130039

Triad MLS

APN: 0146348

North Carolina Guilford County Summerfield 27358

7131 Martin Lake Rd, Summerfield, NC

Homes for Sale in Summerfield, NC

This home is located at 7131 Martin Lake Rd, Summerfield, NC 27358 since 15 January 2024 and is currently estimated at $217,891, approximately $217 per square foot. This property was built in 1951. 7131 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.

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