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

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

118 Summit Ave, Albemarle$50,000

Buyer Closing Credits

$594*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

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

School Info

Assigned Schools Information:

  • Albemarle High School, Public District Grades 9-12
  • Stanly Early College High School, Public District Grades 9-12
  • Albemarle Middle School, Public District Grades 6-8
  • East Albemarle Elementary School, Public District Grades KG-5

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
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

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

168 DAYS ON ROCKET

+93 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.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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: 11/5/2024, 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.

Elementary School

school-card-donut-70757
3
/10

  • East Albemarle Elementary School

  • 1813 E Main St

  • 1.71 miles

  • Public District Grades KG-5

Middle School

school-card-donut-70758
3
/10

  • Albemarle Middle School

  • 1811 Badin Rd

  • 1.76 miles

  • Public District Grades 6-8

High School

school-card-donut-70759
2
/10

  • Albemarle High School

  • 311 Park Ridge Rd

  • 1.91 miles

  • Public District Grades 9-12

school-card-donut-70760
9
/10

  • Stanly Early College High School

  • 141 College Dr

  • 2.07 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,716. The most common annual income of people living in Albemarle, NC is less than $35k. The most common type of family is single, no kids. 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 are the assigned schools for this property?

The assigned schools for 118 Summit Ave are:
East Albemarle Elementary School: GreatSchools Rating 3/10
Albemarle Middle School: GreatSchools Rating 3/10
Albemarle High School: GreatSchools Rating 2/10
Stanly Early College High School: GreatSchools Rating 9/10

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.

In October 2024, from all listings sold in Albemarle, NC there were more than 6 sold above asking price, over 18 sold below and more than 11 were sold right at the asked price. Between September 2024 and October 2024, Albemarle, NC real estate market has seen increase in the number of listings by 10.3%. In October 2024, listings were on the market for 75 days. During the same period, the median list price in this real estate market was $276,160.

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

More Resources