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1001 Summit Way

1001 Summit Way, Lewisville, TX 75077
Property in The Summit
Sold Jan 17, 1995
$93,400
$74,700 by Guardian Mtg Co Inc
Mortgage Due Feb 01, 2025
1001 Summit Way in Lewisville, TX was first built in 1994 and is 30 years old. Although, the building on the property was most recently renovated and altered in 2000. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1001 Summit Way has 1,867 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 73,180 ft and the linear feet between the front and back of the lot is 10. In total, the area measurement of the land is 7,318 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a hip style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 440 sqft. There are a total of 2 available parking spaces. The exterior walls of the home are made of brick veneer. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1001 Summit Way sold most recently in Jan 12, 1995 for a total of $93,400. If you work out the math, that's approximately a cost of $40.49 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,572 in taxes each year. 1001 Summit Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $378,000. If we break it down further, the land itself was valued at $80,465. Improvements to the property, however, were assessed at a total of $297,535. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,318
  • Lot Size Depth Feet: 10
  • Lot Size Frontage Feet: 73,180
  • Total Building Area: 2,307
  • Gross Building Area: 2,307
  • Building Area: 1,867
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,867
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE SUMMIT PH 3
  • Land Acres: 0.168
  • Standard Land Use Code: Single family residential
  • Legal Description 1: THE SUMMIT PH 3 BLK D LOT 18

Ownership

  • Current Owner : LU HSIN YI
  • Current Owner 2: LU CHAO I
  • Previous Owner : U S HOME CORP

Neighborhood

  • School District Name: Lewisville Independent School District
  • Census Tract: 021716

Geography

  • Assessors Map Reference: 628-C
  • Subdivision Tract Number: D
  • Parcel: R171256
  • Block: D
  • Lot: 18
  • Municipality: LEWISVILLE CITY
  • Latitude: 33.0528
  • Longitude: -97.0198

    Address

  • Full Address: 1001 Summit Way
  • Address - House Number: 1001
  • Address - Street Name: Summit
  • Address - Suffix Type: Way
  • State: TX
  • City Name: Lewisville
  • Carrier Code: C046
  • 4-Digit Zip Code: 2925
  • Zip Code: 75077

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,572
  • Tax Rate Code Area: S09

    Appraisal Valuation

  • Standard Deviation: 0.1995
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 439,442
  • High Value: 527,138
  • Low Value: 351,746

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $74,700
  • First Open Lien Mortgage Lender: GUARDIAN MTG CO INC
  • First Open Lien Mortgage Recording Date: Jan 17, 1995
  • First Open Lien Mortgage Loan Amount: $74,700
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2025

    Market Valuation

  • Market Total Value: $378,000
  • Market Land Value: $80,465
  • Market Improvement Value: $297,535

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $378,000
  • Assessed Land Value: $80,465
  • Assessed Improvements Value: $297,535

    Sales

  • Current Sale Contract Date: Jan 12, 1995
  • Current Sale Recording Date: Jan 17, 1995
  • Current Sale Transaction ID: 1149592615
  • Current Sale Price: $93,400
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 95-R0003436

    Last Sale Mortgage

  • First Mortgage Lender: GUARDIAN MTG CO INC
  • First Mortgage Transaction Date: Jan 17, 1995
  • First Mortgage Loan Amount: $74,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Feb 01, 2025

About The Summit



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Frequently Asked Questions

What neighborhood is 1001 Summit Way located in?
The 1001 Summit Way is a located in the neighborhood of The Summit in The Summit, Lewisville.
What is the average sales price for listings in 1001 Summit Way?
The average sales price for units in 1001 Summit Way is $0 currently.

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