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702 Summit Ave; Albemarle, NC Property Details

702 Summit Ave, Albemarle, NC is a Single Family that was built in 1915. This property is currently Cash Purchase,Foreclosure and is not for sale. Our records show that 702 Summit Ave has 3 bedrooms, and 1 bathroom, and a total of 1,284 square feet. The lot size of 702 Summit Ave is 11,326 square feet.

Off market
702 Summit Ave Albemarle, NC 28001
$15,488 Estimated Value
3 Beds
1 Baths
1,284 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1915
  • Purchase Price: $7,500
  • Est. Equity / %: $177,000 / 100%
  • Gross Yield: 6.542%
  • APN: 654804525207
  • Situs County: Stanly
  • Length Of Ownership: 12 years, 8 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1

Structure

  • Floor Cover Type: Covered
  • Stories: 1
  • Exterior Wall Type: Wood Siding
  • Interior Wall Type: Wood
  • Building Quality: D+
  • Roof Type: Gable Or Hip
  • Roof Cover Type: Composition Shingle
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 1,284/SqFt
  • Lot: 11,326/SqFt
  • Garage: 216/SqFt
  • Living: 1,284/SqFt
  • Building: 1,284/SqFt
  • Garage Unfinished: 216/SqFt
  • Price Per Square Foot: $5.84

Legal Description

  • Description: HSE 702 SUMMIT AVE 654819009
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Stanly County Schools
  • Lat / Lon: 35.34405 / -80.18881
  • Subdivision: Lincoln Heights
  • Property Class: Residential
  • Zoning: R-8
  • County Use Code: 1

Amenities

  • Heating Fuel Type: Electric
  • Plus Four: 5911
  • Garage: Garage
  • Heating: Space/Suspended

Ownership Info

702 Summit Ave has no associated ownership info
702 Summit Ave has no associated ownership info.

Taxes

702 Summit Ave has 10 associated Taxes items

702 Summit Ave, Albemarle, NC pays taxes in Stanly County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $15,488. The APN we've located for 702 Summit Ave is 654804525207.

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Taxes
  • Assessed Value:  $15,488
  • Assessed Year:  2025
  • Assessed County:  Stanly
  • APN:  654804525207
  • Assessed Land Value:  13500
  • Market Land Value:  13500
  • Tax Amount:  173.47
  • Tax Year:  2025
  • Market Value:  15488
  • Market Year:  2025

Tax History

702 Summit Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $15,488 Land Value $13,500 Improvement Value $1,988 Tax Amount $173.47 Change Rate +0.061368% Assessed CR Tax Rate +0.0112%
Year 2024 Assessed Value $13,397 Land Value $4,500 Improvement Value $8,897 Tax Amount $163.44 Change Rate Assessed CR Tax Rate +0.0122%
Year 2023 Assessed Value $13,397 Land Value $4,500 Improvement Value $8,897 Tax Amount $163.44 Change Rate Assessed CR Tax Rate +0.0122%
Year 2022 Assessed Value $13,397 Land Value $4,500 Improvement Value $8,897 Tax Amount $163.44 Change Rate Assessed CR Tax Rate +0.0122%
Year 2021 Assessed Value $13,397 Land Value $4,500 Improvement Value $8,897 Tax Amount $163.44 Change Rate -0.127529% Assessed CR Tax Rate +0.0122%
Year 2020 Assessed Value $14,300 Land Value $4,050 Improvement Value $10,250 Tax Amount $187.33 Change Rate +0.010083% Assessed CR Tax Rate +0.0131%
Year 2019 Assessed Value $14,300 Land Value $4,050 Improvement Value $10,250 Tax Amount $185.46 Change Rate -0.009982% Assessed CR Tax Rate +0.012969%
Year 2018 Assessed Value $14,300 Land Value $4,050 Improvement Value $10,250 Tax Amount $187.33 Change Rate +0.039683% Assessed CR Tax Rate +0.0131%
Year 2017 Assessed Value $14,300 Land Value $4,050 Improvement Value $10,250 Tax Amount $180.18 Change Rate -0.12351% Assessed CR Tax Rate +0.0126%
Year 2016 Assessed Value $16,150 Land Value $4,050 Improvement Value $12,100 Tax Amount $205.57 Change Rate Assessed CR Tax Rate +0.012729%
Year 2015 Assessed Value $16,150 Land Value $4,050 Improvement Value $12,100 Tax Amount $205.57 Change Rate Assessed CR Tax Rate +0.012729%
Year 2014 Assessed Value $16,150 Land Value $4,050 Improvement Value $12,100 Tax Amount Change Rate Assessed CR Tax Rate