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5538 Bunch Road

5538 Bunch Road, Summerfield, NC 27358
Property in Guilford
Sold Feb 07, 2014
$45,000
$45,967 by Branch Banking And Trust Co
Mortgage Due Mar 01, 2044
Sold Dec 21, 2012
Transfer
5538 Bunch Road in Summerfield, NC was first built in 1961 and is 63 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 5538 Bunch Road has 800 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. In total, the area measurement of the land is 43,560 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. The home has a gable or hip style roof made of asphalt. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as fair. The exterior walls of the home are made of wood. 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 no air conditioning. As for heating, the home is utilizing baseboard heaters and being fueled with oil. 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, 5538 Bunch Road sold most recently in Feb 7, 2014 for a total of $45,000. If you work out the math, that's approximately a cost of $56.25 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 $977 in taxes each year. 5538 Bunch Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $107,600. If we break it down further, the land itself was valued at $70,000. Improvements to the property, however, were assessed at a total of $37,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Building Quality: D
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 800
  • Gross Building Area: 800
  • Building Area: 800
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 800
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 1 AC WADDLETON BK2254-581 BUNCH RD SR 2

Ownership

  • Current Owner : GROSSMAN SCOTT ALAN
  • Previous Owner : ARTICHOKE HOLDINGS LP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Guilford County Schools
  • School Tax School District: OAK RIDGE
  • Census Tract: 015800

Zoning

  • Zoning: AG

Geography

  • Assessors Map Reference: A-0652
  • Account Number: 1708651001
  • District: 16
  • Parcel: 0167408
  • Block: 1036S
  • Lot: 1
  • Meridian: TWN 16
  • Municipality: OAK RIDGE
  • Latitude: 36.179
  • Longitude: -79.9565

    Address

  • Full Address: 5538 Bunch Rd
  • Address - House Number: 5538
  • Address - Street Name: Bunch
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Summerfield
  • Carrier Code: R003
  • 4-Digit Zip Code: 9084
  • Zip Code: 27358

Valuation

    Tax

  • Total Area: 834
  • Tax Year: 2023
  • Tax Amount: $977
  • Tax Rate Code Area: 32

    Appraisal Valuation

  • Standard Deviation: 0.2398
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 66
  • Final Value: 148,629
  • High Value: 184,273
  • Low Value: 112,985

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $45,967
  • First Open Lien Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Open Lien Mortgage Recording Date: Feb 07, 2014
  • First Open Lien Mortgage Loan Amount: $45,967
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2044

    Market Valuation

  • Market Total Value: $107,600
  • Market Land Value: $70,000
  • Market Improvement Value: $37,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,600
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $37,600

    Sales

  • Current Sale Contract Date: Feb 07, 2014
  • Current Sale Recording Date: Feb 07, 2014
  • Current Sale Transaction ID: 1109995570
  • Current Sale Price: $45,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2014006156
  • Previous Sale Recording Date: Dec 21, 2012
  • Previous Sale Contract Date: Dec 21, 2012
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Mortgage Transaction Date: Feb 07, 2014
  • First Mortgage Loan Amount: $45,967
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Mar 01, 2044

About Oak Ridge



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Frequently Asked Questions

What neighborhood is 5538 Bunch Road located in?
The 5538 Bunch Road is a located in the neighborhood of Guilford in Oak Ridge, Summerfield.
What is the average sales price for listings in 5538 Bunch Road?
The average sales price for units in 5538 Bunch Road is $0 currently.

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