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5148 Summerell Avenue

5148 Summerell Avenue, Gastonia, NC 28056
Property in Gaston
Sold Nov 04, 2021
$500,000
$475,000 by Movement Mortgage Llc
Mortgage Due Dec 01, 2051
Sold Oct 21, 2019
$375,000
$337,500 by Local Government Fcu
Mortgage Due Nov 01, 2049
5148 Summerell Avenue has been categorized by the local assessors in Gastonia, NC as a residential type of property. The building on the property was first built in 2005 and is 19 years old. The home has a total of 8 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5148 Summerell Avenue has 2,545 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 17,860 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. Love to swim? You'll be excited to find out that there is a pool on the property. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of brick veneer. 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 air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. 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, 5148 Summerell Avenue sold most recently in Nov 3, 2021 for a total of $500,000. If you work out the math, that's approximately a cost of $196.46 per sqft. Before that, the property was also sold for $375,000 in Oct 21, 2019. 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 $5,783 in taxes each year. 5148 Summerell Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $535,500. If we break it down further, the land itself was valued at $64,000. Improvements to the property, however, were assessed at a total of $471,500. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 2005
  • Effective Year Built: 2005
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Building Style: Conventional
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 17,860
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,545
  • Building Area: 2,545
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,545
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CRAMER WOODS SUBDIVISION
  • Land Acres: 0.41
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Residential common area (condo/pud/etc.)
  • Legal Description 1: CRAMER WOODS L 19 15 065 001 00 000

Ownership

  • Current Owner : FRENCH TIMOTHY MICHAEL
  • Current Owner 2: FRENCH NAOMI CHAMBERS
  • Previous Owner : AUSTIN TAMMY C
  • Owner Before Previous Owner: FRIDAY KEVIN LEE
  • Owner Before Previous Owner 2: FRIDAY CHARLOTTE HUNT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Gaston County Schools
  • School Tax School District: GASTONIA CITY
  • Census Tract: 032509

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: MP 68 PG 3
  • District: GASTONIA CIT
  • Parcel: 205970
  • Municipality: GASTONIA CITY
  • Latitude: 35.2146
  • Longitude: -81.0852

    Address

  • Full Address: 5148 Summerell Ave
  • Address - House Number: 5148
  • Address - Street Name: Summerell
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Gastonia
  • Carrier Code: R011
  • 4-Digit Zip Code: 8582
  • Zip Code: 28056

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,783

    Appraisal Valuation

  • Standard Deviation: 0.2229
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 69
  • Final Value: 547,851
  • High Value: 669,976
  • Low Value: 425,727

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $475,000
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Nov 04, 2021
  • First Open Lien Mortgage Loan Amount: $475,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Market Valuation

  • Market Total Value: $336,420
  • Market Land Value: $45,000
  • Market Improvement Value: $291,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $535,500
  • Assessed Land Value: $64,000
  • Assessed Improvements Value: $471,500

    Sales

  • Current Sale Contract Date: Nov 03, 2021
  • Current Sale Recording Date: Nov 04, 2021
  • Current Sale Transaction ID: 11876934769
  • Current Sale Price: $500,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Oct 21, 2019
  • Previous Sale Contract Date: Oct 21, 2019
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE LLC
  • First Mortgage Transaction Date: Nov 04, 2021
  • First Mortgage Loan Amount: $475,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: LOCAL GOVERNMENT FCU
  • Previous Mortgage Transaction Date: Oct 21, 2019
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $337,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2049

About Gastonia



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Frequently Asked Questions

What neighborhood is 5148 Summerell Avenue located in?
The 5148 Summerell Avenue is a located in the neighborhood of Gaston in Gastonia, Gastonia.
What is the average sales price for listings in 5148 Summerell Avenue?
The average sales price for units in 5148 Summerell Avenue is $0 currently.

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