NOT LISTED FOR SALE

5314 Chestnut Ridge Dr Summerfield, NC 27358

Estimated Value: $288,000 - $353,000

3 Beds
2 Baths
1,500 Sq Ft
$212/Sq Ft Est. Value

Last Sold July 06, 2021

Last sale price $220,000 $147 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,046/month

1 Day on Market

Highlights

  • Engineered Wood Flooring
  • Attic
  • 2 Car Attached Garage
  • E.P. Pearce Elementary School Rated A-
  • Porch
  • Central Air

About This Home

As of July 2021

Welcome to the Town of Summerfield with the community Highland Grove. Easy access to Greensboro, Oak Ridge and the Piedmont Triad Airport. Nice single story ranch. On entry to the living room, just off the living room, the bay window dining which opens into the kitchen all with vaulted ceilings. Follow the hallway from the living room to all the bedrooms with the Master bedroom and Bedroom #3 having WIC's. All measurements are estimates, buyer to verify.

Last Listed By

Roger Mitchell

Allen Tate Oak Ridge License #211231 Listed on: 05/28/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,211

Year Built

  • Built in 1997

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 94 x 127
  • Property is zoned RS15

HOA Fees

  • $20 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,367 Sq Ft Home
  • 1,200-1,500 Sq Ft Home
  • Property has 1 Level
  • Living Room with Fireplace
  • Attic

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Engineered Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Schools

  • Kernodle Middle School
  • Northwest High School

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Highland Grove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0078314
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,211

Year Built

Built in 1997

Lot Details

0

HOA Fees

$20 per month

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.28
  • Lot Size: 94 x 127
  • Subdivision Name: Highland Grove
  • Directions: Fm Greensboro, North Battleground Ave, left Horse Pen Creek Rd, right Carlson Dairy Rd, left Pleasant Ridge Dr, left Highland Grove, right Chestnut Ridge Dr. Home left.
  • Above Grade Finished Sq Ft: 1367
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1997
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • Special Features: None

Interior Features

  • Appliances: Microwave, Dishwasher, Slide-In Oven/Range, Gas Water Heater
  • Flooring: Carpet, Engineered, Vinyl
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 1367
  • Main Level Bathrooms: 2
  • Attic Description: Access Only
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Fencing: None
  • Pool Features: None
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Heat Pump, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee: 20
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Pearce
  • High School: Northwest
  • Middle Or Junior School: Kernodle

Lot Info

  • Parcel #: 0078314
  • Zoning: RS15
  • TRIADMLS_PricePerAcre: 857142.8571
  • TRIADMLS_PlatPage: 67
  • TRIADMLS_DeedPage: 795
  • TRIADMLS_DeedBook: 6766
  • TRIADMLS_PlatBook: 122
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 2211
  • Tax Year: 2020
  • TRIADMLS_TaxRate: 1.393

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2021
Sold by
Chase Drm Llc
Bought by
Rmi Sfr Propco A Lp
Total Days on Market
1
Current Estimated Value
$317,754

Purchase Details

Listed on
May 28, 2021
Closed on
Jun 17, 2021
Sold by
Ray Charles A and Ray Myra M
Bought by
Chase Drm Llc
Seller's Agent
Roger Mitchell
Allen Tate Oak Ridge
Buyer's Agent
Roger Mitchell
Allen Tate Oak Ridge
List Price
$240,000
Sold Price
$220,000
Premium/Discount to List
-$20,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.60%
Original Mortgage
$171,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2007
Sold by
Morrell Sue H
Bought by
Ray Charles A and Ray Myra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rmi Sfr Propco A Lp $255,000 Chicago Title Insurance Co
Chase Drm Llc $220,000 None Available
Ray Charles A $158,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rm1 Sfr Propco A Lp $0
Previous Owner Chase Drm Llc $171,500
Previous Owner Chase Drm Llc $171,500
Previous Owner Ray Charles A $71,000
Previous Owner Morrell Sue H $78,600
Previous Owner Morrell Sue H $44,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2021 07/06/21 Sold $220,000 -8.3% $183 / Sq Ft
05/30/2021 05/30/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $240,000 -- $200 / Sq Ft
Source: Triad MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $3,075 $219,200 $55,000 $164,200
2022 $2,988 $219,200 $55,000 $164,200
2021 $2,211 $158,700 $42,000 $116,700
2020 $2,211 $158,700 $42,000 $116,700
2019 $2,211 $158,700 $0 $0
2018 $2,147 $158,700 $0 $0
2017 $2,147 $158,700 $0 $0
2016 $2,039 $147,300 $0 $0
2015 $2,051 $147,300 $0 $0
2014 $2,066 $147,300 $0 $0
Source: Public Records

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Source: Triad MLS

MLS Number: 1026534

Triad MLS

APN: 0078314