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Medina 38355
507 Summit Dr
Photo of 507 Summit Dr
Sold on May 29, 2025

25

Map

Photo of 507 Summit Dr
Photo of 507 Summit Dr
$314,900
● House - Off Market

507 Summit Dr

Medina, TN 38355
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,821 Ft²
$1,714
Est. Monthly
$8
HOA / Fees
5.46%
Cap Rate

About This Property

The Perfect Spot to Call Home! This 4-bedroom, 2-bath home sits on a corner lot and has all the right updates! The kitchen was remodeled in 2021-2022 with granite countertops, smart appliances, and a super handy info center cabinet next to the fridge-plus, all appliances stay! Big upgrades?   New roof (2020) & new HVAC (2022) for peace of mind. Outside, solar lights line the perimeter for a nice evening glow. And talk about convenience-South Gibson Middle & High School are right across the street plus the Medina community Park. This one's move-in ready and waiting for you. Call your favorite Agent to check it out!
Unit Size
1,821 Ft²
Days on Market
58 days
Land Size
0.30 acres
Price per sqft
$173
Property Type
House
Property Taxes
$159
HOA Dues
$8
Year Built
2010

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (Realtracs #RTC2812105)

Price History

Date / Event Date Event Price
May 29, 2025 Sold
Premium
Sold
Mar 17, 2025 Listed by Crye-Leike Blue Skies Real Estate $314,900
Listed by Crye-Leike Blue Skies Real Estate
Oct 20, 2021 No longer available -
No longer available
Aug 9, 2021 In contract -
In contract
Jul 25, 2021 Listed by Crye-Leike Elite $254,900
Listed by Crye-Leike Elite
Very well maintained 4 bd/2 ba home in Summerfield Subdivision. Right across from South Gibson Middle and High school and a short walk to the park! Current owners have made several upgrades including: installing a gas line and new gas stove, new backsplash, paint, faucets, ceiling fans, 8 foot privacy fence and more! Come check it out, you will not be disappointed! Call Angi at 731-343-9724 to view! The manager has listed the unit size as 1833 square feet.
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2015
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 25
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,655
  • Building Area: 1,655
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,655
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMERFIELD SUBD PHASE 2 SEC 1
  • Land Acres: 0000000206
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: SUMMERFIELD PHASE 2 SEC 1 32 58

Neighborhood

  • School District Name: Gibson County School District
  • School Tax School District: 27473
  • Census Tract: 967100

Geography

  • Assessors Map Reference: 172C
  • District: 02
  • Parcel: 027172C B 05800
  • Block: 32
  • Lot: 58
  • Municipality: MEDINA CITY
  • Latitude: 35.8278
  • Longitude: -88.8024

    Address

  • Full Address: 507 Summit Dr
  • Address - House Number: 507
  • Address - Street Name: Summit
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Medina
  • Carrier Code: R004
  • 4-Digit Zip Code: 6907
  • Zip Code: 38355

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $149,500
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: 27B06

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 68
  • Final Value: 154,687
  • High Value: 179,076
  • Low Value: 130,297

    Market Valuation

  • Market Total Value: $196,500
  • Market Land Value: $20,000
  • Market Improvement Value: $176,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,125
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $44,125

    Sales

  • Current Sale Contract Date: Oct 12, 2021
  • Current Sale Recording Date: Oct 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 210321
  • Previous Sale Recording Date: Oct 31, 2019
  • Previous Sale Contract Date: Oct 30, 2019
  • Previous Sale Amount: $163,250
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Medina

Stats & Trends

Median Asking:

$324,950

Sale Price/ft²

$171

Below Asking

0.01%

Average Days on Market

147

Average Home Size

1904 ft²

Average Home Age

25.6 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Realtracs

Listed by: Einas Alghunaim, Crye-Leike Blue Skies Real Estate
Last Updated: 6 months ago
Data Source: Realtracs, MLS# RTC2812105
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 507 Summit Drive built and last sold?
The property at 507 Summit Drive was built in 2010 and last sold on Oct 12, 2021 for $254,900.
How much is this home worth?
The estimated value of the home located at 507 Summit Drive is $0.
What are some comparable homes to 507 Summit Drive?
There are currently no comparable homes to 507 Summit Drive.
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