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12502 Summertree Drive

12502 Summertree Drive, Frisco, TX 75035
Property in McKinney
Sold May 27, 2016
$452,000
Local assessors in Frisco, TX have categorized 12502 Summertree Drive as a residential type of property. The home was built in 2015 and is 9 years old. The property's lot size has been calculated to be 9,787 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 12 rooms in the home. Of these, 6 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 12502 Summertree Drive has a total of 3,870 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 629 sqft. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Lots of brick were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 12502 Summertree Drive sold most recently in May 2, 2016 for a total of $452,000. If you work out the math, that's approximately a cost of $100.47 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 $13,015 in taxes each year. 12502 Summertree Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $770,000. If we break it down further, the land itself was valued at $220,000. Improvements to the property, however, were assessed at a total of $552,861. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 2015
  • Effective Year Built: 2015
  • Building Count: 2
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Construction Type: Wood
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Floor Cover: Ceramic
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 629
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,787
  • Total Building Area: 4,499
  • Gross Building Area: 4,730
  • Building Area: 3,870
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,870
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIDGEVIEW AT PANTHER CREEK PHASE 2 (CFR)
  • Land Acres: 0.224
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RIDGEVIEW AT PANTHER CREEK PHASE 2 (CFR), BLK J, LOT 37

Ownership

  • Current Owner : PATEL JATIN
  • Current Owner 2: PATEL NISHANT
  • Previous Owner : FIRST TEXAS HOME INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Frisco Independent School District
  • School Tax School District: FRISCO ISD
  • Census Tract: 030521

Zoning

  • Zoning: RESI

Geography

  • District: CFR
  • Parcel: R-10644-00J-0370-1
  • Block: J
  • Lot: 37
  • Municipality: FRISCO CITY
  • Latitude: 33.1839
  • Longitude: -96.7695

    Address

  • Full Address: 12502 Summertree Dr
  • Address - House Number: 12502
  • Address - Street Name: Summertree
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Frisco
  • Carrier Code: R117
  • 4-Digit Zip Code: 2430
  • Zip Code: 75035

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,015
  • Tax Rate Code Area: SFR

    Appraisal Valuation

  • Standard Deviation: 0.2087
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 741,845
  • High Value: 896,721
  • Low Value: 586,969

    Market Valuation

  • Market Total Value: $772,861
  • Market Land Value: $220,000
  • Market Improvement Value: $552,861

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $770,000
  • Assessed Land Value: $220,000
  • Assessed Improvements Value: $552,861

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 02, 2016
  • Current Sale Recording Date: May 27, 2016
  • Current Sale Transaction ID: 1565768497
  • Current Sale Price: $452,000
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: 20160527000664470

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: May 27, 2016
  • First Mortgage Loan Amount: $361,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2046

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Frequently Asked Questions

What neighborhood is 12502 Summertree Drive located in?
The 12502 Summertree Drive is a located in the neighborhood of McKinney in Frisco, Frisco.
What is the average sales price for listings in 12502 Summertree Drive?
The average sales price for units in 12502 Summertree Drive is $0 currently.

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