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$512,500

Beds
3
Baths
3.0
sq ft
1,820

508 Summerfield Place, Belmont, NC 28012

508 Summerfield Place

Belmont, NC 28012

  • 27 days on market
    • Price drop $2,500↓
Stunning Brick Townhome in the Highly Coveted Belmont Reserve Community! This spacious and stylish townhome offers the perfect blend of comfort and convenience, located just minutes from the heart of downtown Belmont. Enjoy easy access to an array of dining options, charming coffee shops, and a variety of year-round events. Step outside to your own private rear courtyard, an ideal space for relaxing, entertaining guests, or giving your furry friend a place to roam. This home truly offers the best of both worlds – a peaceful retreat with easy access to everything you need.

Details

Property type

Townhouse

Est. home value

$461,843

Lot size

Unknown

Price per sq ft

$282

Year built

2015

Monthly HOA fee

$144

Price History

03/15/2025
CanopyMLS

CanopyMLS #4230413

Price change
$512,500
-0.49%
03/08/2025
CanopyMLS

CanopyMLS #4230413

Listed
$515,000
+14.44%
10/31/2022
CanopyMLS

CanopyMLS #3890699

Sold
$450,000

Schools & Community

Elementary school: 

Belmont Central

Middle school: 

Belmont

High school: 

South Point (NC)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$188,030
Asking price
$512,500
Closing costs (~8% of asking)
-$41,000
Est. remaining loan balance
-$283,470
Cash to seller
$188,030

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

October 2022

Original loan amount

$292,500

Est. remaining balance

$283,470

Interest rate

6.02%

Loan type

New Conventional, 30 year

Seller

Dana Thomas Rice Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 4:45 AM

Listing updated: 03/15/2025 at 7:14 PM

Listed by: Austin Biles, Allen Tate Gastonia Phone #: (704) 868-4188

MLS: CanopyMLS #4230413

CanopyMLS logo

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