NOT LISTED FOR SALE

7640 Penns Grove Rd Summerfield, NC 27358

Estimated Value: $482,000 - $543,000

3 Beds
2.5 Baths
2,400 Sq Ft
$212/Sq Ft Est. Value

Last Sold October 01, 2018

Last sale price $309,500 $129 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,949/month

20 Days on Market

Highlights

  • Cape Cod Architecture
  • Wooded Lot
  • No HOA
  • Stokesdale Elementary School Rated A-
  • Wood Flooring
  • Porch

About This Home

As of October 2018

Charming Cape Cod home with wrap around porch on 2.5 acres! Country living and privacy at its best but still within a few minutes of I-73. Very well maintained home with new carpet in whole house, new upstairs front windows, and new paint in master bedroom. Gorgeous yard with magnolia and apple trees, garden and seasonal view of small lake behind the home in the winter months. Master on main level. Desirable Northwest schools. A must see!

Last Agent to Sell the Property

Karen Bolyard

Karen Bolyard Real Estate Group Brokered by eXp Realty License #304087 Listed on: 08/06/2018

Karen Bolyard Real Estate Group Brokered by eXp Realty

Co-Listed By

Preston Young

Tyler Redhead & McAlister Real Estate, LLC License #275061

Last Buyer's Agent

Wayne Young

Howard Hanna Allen Tate - Greensboro License #226942

Howard Hanna Allen Tate - Greensboro

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,257

Year Built

  • Built in 1989

Lot Details

  • 2.5 Acre Lot
  • Fenced
  • Level Lot
  • Wooded Lot
  • Property is zoned AG

Parking

  • 2 Car Garage
  • Detached Carport Space

Home Design

  • Cape Cod Architecture
  • Wood Siding

Interior Spaces

  • 2,201 Sq Ft Home
  • 1,900-2,400 Sq Ft Home
  • Property has 1 Level
  • Great Room with Fireplace

Kitchen

  • Built-In Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Separate Shower

Outdoor Features

  • Outdoor Storage
  • Porch

Schools

  • Northwest Guilford Middle School
  • Northwest Guilford High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Private Water Source
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 0149902
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,257

Year Built

Built in 1989

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 2.5
  • Co List Office Mls Id: GTRM01
  • Co List Office Phone: 336-274-1717
  • Subdivision Name: None
  • Directions: I-73 North to Hwy 150 / Summerfield exit 117 - turn left, then right on Whitaker Drive, left on Penns Grove
  • Above Grade Finished Sq Ft: 2201
  • Architectural Style: Cape Cod
  • Unit Levels: One and One Half
  • Structure Type: House
  • Year Built: 1989
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1900 - 2400
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: Yes
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Appliances: Microwave, Built-In Range, Dishwasher, Electric Water Heater
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Built-in Features, Soaking Tub, Pantry, Separate Shower
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Great Room
  • Fireplaces: 1
  • Living Area: 2201
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Wooded
  • Pool Features: None
  • Construction Type: Block, Wood Siding
  • Other Structures: Storage
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Carport, Detached Carport
  • Garage Description: Detached Carport

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Main Level
  • Cooling: Central Air, Zoned
  • Heating: Forced Air, Zoned, Electric
  • Water Source: Private, Well
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Stokesdale
  • High School: Northwest Guilford
  • Middle Or Junior School: Northwest Guilford

Lot Info

  • Parcel #: 0149902
  • Zoning: AG
  • TRIADMLS_PricePerAcre: 123800
  • TRIADMLS_PlatPage: 103
  • TRIADMLS_DeedPage: 341
  • TRIADMLS_DeedBook: 8031
  • TRIADMLS_PlatBook: 63
  • TRIADMLS_AcresRange: 2 - 3

Tax Info

  • Tax Annual Amount: 2257.17
  • Tax Lot: 2
  • Tax Year: 2017
  • TRIADMLS_TaxRate: 0.889

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2018
Closed on
Sep 26, 2018
Sold by
Kinlaw Gerald M and The Gerald M Kinlaw Trust For
Bought by
Gabriel Richard E and Gabriel Jodi B
Seller's Agent
Karen Bolyard
Karen Bolyard Real Estate Group Brokered by eXp Realty
Buyer's Agent
Wayne Young
Howard Hanna Allen Tate - Greensboro
List Price
$325,000
Sold Price
$309,500
Premium/Discount to List
-$15,500
-4.77%
Current Estimated Value
$509,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,785
Avg. Annual Appreciation
7.33%
Original Mortgage
$294,000
Outstanding Balance
$256,385
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$252,900

Purchase Details

Listed on
Aug 6, 2018
Closed on
Aug 27, 2018
Sold by
Kinlaw Gerald M and Estate Of Gerald L Kinlaw
Bought by
Kinlaw Gerald M and The Gerald L Kinlaw Trust
Seller's Agent
Karen Bolyard
Karen Bolyard Real Estate Group Brokered by eXp Realty
Buyer's Agent
Wayne Young
Howard Hanna Allen Tate - Greensboro
List Price
$325,000
Sold Price
$309,500
Premium/Discount to List
-$15,500
-4.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Outstanding Balance
$256,385
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$252,900

Purchase Details

Closed on
Mar 19, 2018
Sold by
Kinlaw Gerald L and Kinlaw Sandra E
Bought by
Kinlaw Gerald L

Purchase Details

Closed on
Feb 1, 1989
Bought by
Kinlaw Gerald L
Source: Public Records

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
Gabriel Richard E $309,500 None Available
Kinlaw Gerald M -- None Available
Kinlaw Gerald L -- None Available
Kinlaw Gerald L $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gabriel Richard E $294,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2018 10/01/18 Sold $309,500 -4.8% $163 / Sq Ft
08/27/2018 08/27/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $325,000 -- $171 / 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
2025 $2,987 $336,000 $112,500 $223,500
2024 $2,987 $336,000 $112,500 $223,500
2023 $2,987 $336,000 $112,500 $223,500
2022 $2,987 $336,000 $112,500 $223,500
2021 $2,252 $253,300 $62,500 $190,800
2020 $2,252 $253,300 $62,500 $190,800
2019 $2,252 $253,300 $0 $0
2018 $2,246 $253,300 $0 $0
2017 $2,246 $253,300 $0 $0
2016 $2,255 $246,300 $0 $0
2015 $2,268 $246,300 $0 $0
2014 $2,292 $246,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Bolyard

    Seller's Agent in 2018

    Karen Bolyard

    Karen Bolyard Real Estate Group Brokered by eXp Realty

    (336) 202-4477

    296 Total Sales

    Karen Bolyard
    Section Image

  • P

    Seller Co-Listing Agent in 2018

    Preston Young

    Tyler Redhead & McAlister Real Estate, LLC

    (336) 420-1478

    79 Total Sales

    Preston Young
    Section Image
  • Wayne Young

    Buyer's Agent in 2018

    Wayne Young

    Howard Hanna Allen Tate - Greensboro

    (336) 253-4472

    84 Total Sales

    Wayne Young
    Section Image
See All Agents

Map

Source: Triad MLS

MLS Number: 897913

Triad MLS

APN: 0149902

North Carolina Guilford County Summerfield 27358

7640 Penns Grove Rd, Summerfield, NC

This home is located at 7640 Penns Grove Rd, Summerfield, NC 27358 since 06 August 2018 and is currently estimated at $509,285, approximately $212 per square foot. This property was built in 1989. 7640 Penns Grove Rd is a home located in Guilford County with nearby schools including Stokesdale Elementary School, Northwest Guilford Middle School, and Northwest Guilford High School.

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