tomo logo

$1,250,000

Beds
4
Baths
3.0
sq ft
4,938

7042 Brookbank Road, Summerfield, NC 27358

7042 Brookbank Road

Summerfield, NC 27358

  • <1 day on market
A winding driveway leads to this stunning, beautifully updated 6.15-acre retreat, complete with a covered front porch & freshly stained cypress exterior. The great room captivates with tall windows, modern lighting, stone fireplace & loft space above. The updated kitchen features custom cabinetry, a beautiful new backsplash, quartz countertops, an oversized kitchen island, keeping room & attached breakfast nook - perfect for gatherings. Natural light floods the dining room, highlighting designer touches. The spacious primary includes a walk-in closet and remodeled bath with double vanities, stand-alone tub & newly tiled shower. Additional main floor features include a secondary primary bedroom, full bath, drop zone, dog shower & laundry/office space. 2 beds & 1 bath on 2nd floor. Basement offers incredible flex space & storage. Entertain on the stamped concrete patio or by the fire pit. The property also includes a tobacco barn, walking trails, a storage building, and ultimate privacy.

Details

Property type

Single Family Residence

Est. home value

$772,006

Lot size

6.15 acres

Price per sq ft

$254

Year built

1996

Annual property taxes

$5,124

Price History

01/22/2025
TriadMLS

TriadMLS #1167851

Listed
$1,250,000
+104.92%
08/18/2022
NorthCarolinaRegional

NorthCarolinaRegional #100333603

Sold
$610,000

Schools & Community

Elementary school: 

Summerfield

Middle school: 

Northern

High school: 

Northern

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

$677,952
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$472,048
Cash to seller
$677,952

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

Seller’s Loan History

Lender

Union Home Mortgage Corp

Loan start date

August 2022

Original loan amount

$488,000

Est. remaining balance

$472,048

Interest rate

5.7%

Loan type

New Conventional, 30 year

Seller

Frederick E Spieker and Natalie V Spieker

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: 01/22/2025 at 7:00 PM

Listing updated: 01/22/2025 at 3:41 PM

Listed by: Ann Wilburn, Preferred Realty Triad Phone #: (336) 944-6040

MLS: TriadMLS #1167851

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