NOT LISTED FOR SALE

8040 Summit Ridge Dr Catawba, NC 28609

Estimated Value: $233,000 - $432,000

2.84 Acres
$113,194 Price per Acre
123,710 Sq Ft Lot

Last Sold May 25, 2023

Last sale price $239,112 $67 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,750/month

251 Days on Market

Highlights

  • Waterfront
  • 2.84 Acre Lot
  • Wooded Lot
  • Bandys High School Rated 9+

About This Lot

As of May 2023

Come build your dream home on this fabulous wooded lot on the shores of Lake Norman. Perfectly sloped for a basement home and dock already in place. Jetski ramp and boat lift included. Seller is paying for dredging to be completed around the dock and a channel into it. Dredging should be completed sometime after July 2023.
Please see CC&Rs for building restrictions.

Last Agent to Sell the Property

Kelly Wodzinski

Keller Williams Unified Brokerage Email: Kellywodzinski@kw.com License #287303 Listed on: 08/08/2022

Keller Williams Unified

Last Buyer's Agent

Ginny Barker

Keller Williams Unified License #252787

Keller Williams Unified

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $238

Lot Details

  • 2.84 Acre Lot
  • Lot Dimensions are 69x5x474x66x25x471
  • Waterfront
  • Sloped Lot
  • Wooded Lot
  • Possible uses of the property include Residential
  • Property is zoned R-30

HOA Fees

  • $25 Monthly HOA Fees

Schools

  • Catawba Elementary School
  • Mill Creek Middle School
  • Bandys High School

Utilities

  • Community Well
  • Septic Tank

Additional Features

  • Basement

Community Details

  • Alluvia Association, Phone Number (704) 746-9070
  • Summit Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 4710010653510000

Property Details

Property Type

Land

Est. Annual Taxes

$238

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Architectural Review
  • ResoPropertyType: Land
  • Attribution Contact: Kellywodzinski@kw.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Possible Use: Residential
  • Basement YN: Yes
  • Room Count: 0

Exterior Features

  • Water Body Name: Lake Norman
  • Waterfront Features: Dock

Garage/Parking

  • Garage Yn: No
  • Open Parking: No

Utilities

  • Sewer: Septic Installed, None
  • Water Source: Community Well, None

Condo/Co-op/Association

  • Association Fee: 300
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Alluvia
  • Phone: 704-746-9070
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually
  • Association Email: HOA@alluviaenterprises.com

Association/Amenities

  • Association Annual Expense: 300.00

Schools

  • Middle Or Junior School: Mill Creek
  • HOA Subject To: Required

Lot Info

  • Lot Features: Sloped, Wooded, Waterfront, Lake On Property
  • Lot Size Area: 2.84
  • Lot Size Units: Acres
  • Parcel Number: 4710010653510000
  • Can Be Subdivided: 1
  • Lot Size Acres: 2.84
  • Lot Size: 69x5x474x66x25x471
  • Lot Size Sq Ft: 123710
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-30

MLS Schools

  • Elementary School: Catawba
  • High School: Bandys

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2022
Closed on
May 23, 2023
Sold by
Adair Brian C
Bought by
Baskett Dauglas and Baskett Susan
Seller's Agent
Kelly Wodzinski
Keller Williams Unified
Buyer's Agent
Ginny Barker
Keller Williams Unified
List Price
$400,000
Sold Price
$239,113
Premium/Discount to List
-$160,888
-40.22%
Views
208
Current Estimated Value
$321,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,360
Avg. Annual Appreciation
7.99%

Purchase Details

Closed on
Dec 28, 2018
Sold by
Liv Lackey Gregory C
Bought by
Adair Brian C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$514,800
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2018
Sold by
Lackey Gregory C
Bought by
Lackey Gregory C and Gregory C Lackey Revocable Living Trust

Purchase Details

Listed on
Feb 2, 2017
Closed on
Sep 15, 2017
Sold by
Spires Christian J and Spires Julie Lynn
Bought by
Lackey Gregory C and Lackey Heather
Seller's Agent
Debbie Monroe
Lake Norman Realty, Inc.
Buyer's Agent
Jarod Trew
Waters Edge Real Estate Firm Inc
List Price
$695,000
Sold Price
$600,000
Premium/Discount to List
-$95,000
-13.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.79%
Original Mortgage
$424,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2005
Sold by
Greenlee Warren and Greenlee Lori K
Bought by
Spires Christian J and Spires Julie Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
5.57%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 8, 2004

Purchase Details

Closed on
May 6, 2002
Source: Public Records

Range of Values:

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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
Baskett Dauglas $239,500 None Listed On Document
Adair Brian C $643,500 None Available
Lackey Gregory C -- None Available
Lackey Gregory C $530,000 None Available
Spires Christian J $198,000 None Available
-- $45,000 --
-- $26,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adair Brian C $514,800
Previous Owner Lackey Gregory C $424,000
Previous Owner Spires Christian J $185,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2023 05/25/23 Sold $239,113 -20.3% $67 / Sq Ft
03/27/2023 03/27/23 Price Changed $299,900 -7.7% $85 / Sq Ft
02/17/2023 02/17/23 Price Changed $324,999 -7.1% $92 / Sq Ft
10/07/2022 10/07/22 Price Changed $350,000 -12.5% $99 / Sq Ft
08/08/2022 08/08/22 For Sale $400,000 -33.3% $113 / Sq Ft
09/15/2017 09/15/17 Sold $600,000 -13.7% $119 / Sq Ft
08/07/2017 08/07/17 Pending -- -- --
02/02/2017 02/02/17 For Sale $695,000 -- $138 / 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 $238 $48,400 $48,400 $0
2024 $238 $48,400 $48,400 $0
2023 $234 $46,000 $46,000 $0
2022 $324 $46,000 $46,000 $0
2021 $4,389 $622,500 $46,000 $576,500
2020 $4,389 $622,500 $46,000 $576,500
2019 $4,389 $622,500 $0 $0
2018 $3,498 $510,700 $45,400 $465,300
2017 $3,498 $0 $0 $0
2016 $3,498 $0 $0 $0
2015 $3,105 $510,700 $45,400 $465,300
2014 $3,105 $517,500 $91,400 $426,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3890952

Canopy MLS (Canopy Realtor® Association)

APN: 4710010653510000