1223 Summit Avenue

1223 Summit Avenue has been categorized by the local assessors in Greensboro, NC as a residential type of property. The building on the property was first built in 1950 and is 74 years old. However, we must point out that the home was most recently renovated and altered in 1979. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 1223 Summit Avenue has 1,056 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 9,583 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. The garage measured 368 sqft. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system and being fueled with oil. There is a single fireplace in the home. Perfect for those wintery 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, 1223 Summit Avenue sold most recently in Nov 21, 2023 for a total of $176,500. If you work out the math, that's approximately a cost of $167.14 per sqft. Before that, the property was also sold for $79,500 in May 4, 2006. 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 $1,195 in taxes each year. 1223 Summit Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $87,700. If we break it down further, the land itself was valued at $32,000. Improvements to the property, however, were assessed at a total of $55,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.