118 Summit Ave, Albemarle, NC, 28001

$50,000

Home List Price

$594*

Closing Credit

3 Bedrooms
1 Full Bath
1,353 SqFt
$37/SqFt
House

Location

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118 Summit Ave, Albemarle$50,000

Buyer Closing Credits

$594*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Other - See Remarks
Year Built1910
HeatingOther
CoolingOther
FireplaceOther - See Remarks
MLS #4140488
StatusAccepting Backup Offers
(Active Under Contract)

About 118 Summit Ave

Calling all investors! This charming home would be a great canvas for you next fixer upper! Whether you’re looking to buy and hold or, fix and flip. This property would be perfect. Recently sold comps start in the $200k’s! Just bring your vision! Being sold as is, where is. The property is in disrepair, use caution when entering--at you on risk. Cash only, no repairs to be made by the seller. This home is perfectly Priced at $50,000.

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Living Area: 1,353 SqFt

Listing Office:

  • Office Name: Green Realty Plus

Interior Features

Interior Information:

  • Appliances: None
  • Basement: No
  • Fireplace: Other - See Remarks

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: Driveway, Other - See Remarks

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $50,000
  • Price Per SqFt: $37/SqFt

Tax Information:

  • Annual Amount: $5,047
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Albemarle, NC.

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Albemarle, NC

City

Med. Sold Price

$276.1K

Med. Price/SqFt

$177

Avg. Days On Market

75

# of Sold Homes

35

118 Summit Ave vs Albemarle

186 DAYS ON ROCKET

+111 Days

$50,000

-$226.1K Less

$37/SqFt

-$141 Less

KEY TAKEAWAY

This property is $226.1K less than the Median Sold Price and $141/SqFt less than other homes in Albemarle, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4140488

Listing Office:

  • Office Name: Green Realty Plus

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Copyright © 2024 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 10:21:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,047$23,313
2020$249$19,215
2019$251$19,215
2017$242$19,215

History based on county public records data.

Payment Calculator

$317

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$216

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-990130
4
/10

  • Central Elementary School

  • 206 N 3rd St

  • 0.70 miles

  • Public District Grades KG-5

school-card-donut-990131
3
/10

  • East Albemarle Elementary School

  • 1813 E Main St

  • 1.71 miles

  • Public District Grades KG-5

school-card-donut-990132
4
/10

  • Endy Elementary School

  • 27670 Betty Rd

  • 5.31 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,716. The majority of Albemarle, NC residents have income less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 118 Summit Ave

What is the listing price of this property?

The listing price of 118 Summit Ave property is $50,000.

What type of property is this?

The property 118 Summit Ave is a house located in Albemarle, North Carolina, 28001.

Is this property for sale now?

Accepting Backup Offers: 118 Summit Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,047 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 118 Summit Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 118 Summit Ave is 1,353 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 118 Summit Ave is 1910.

Rocket Homes›North Carolina›Stanly County›Albemarle›28001›118 Summit Ave

This home is located at 118 Summit Ave in Albemarle, NC and zip code 28001. This 1,353 square foot home was built in 1910. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 21, 2024 and is currently priced at $50,000.

Albemarle, NC housing market in October 2024 saw over 6 listings sold above listed price, more than 11 sold at listed price and over 18 sold below. The inventory of homes for sale in Albemarle, NC between September 2024 and October 2024 increased by 10.3%. In October 2024 median list price was $276,160 and the average listing age was 75 days.

From Rocket Homes Real Estate and based on county public records data.

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