220 Summer Place Ct Clayton, NC 27527

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3 beds · 2 baths · 1,553 sq ft · Lot Size: 19,602 sq ft · Single Family Home · Neuse
Est. Property Value: $288,261

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220 Summer Place Ct is in the Neuse neighborhood of Clayton, NC. It is located in Johnston County and ZIP code 27527. This Single Family Home was built in 2005 and is approximately 20 years old. The single family home spans 1553 sq ft with 3 bedrooms and 2 bathrooms and sits on a 19602 sq ft lot. According to public records, it was last sold in 2019 for $235,000 and has a tax-assessed value of $194,620, which is $186 per sq ft. The Neuse area of Clayton has 6 residential homes with an average size of 2717.5 sq ft. Analyze and compare real estate investment strategies for properties like this home at 220 Summer Place Ct Clayton, NC 27527 with Property Intel by Whitepages.

Owners & Occupancy for 220 Summer Place Ct

This property is owned by Anita K Peebles. Owner contact information includes 6 phone numbers and 4 email addresses.

Property Owners

Cell Phone(516) ***-****View Cell Phone
Residence***********
Landline(980) 498-7429
Distance from Property**********
Email Address***************@gmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1*************************
Resident 2*************
Resident 3*************** age 70
Resident 4******************** age 40

Property Financials for 220 Summer Place Ct

220 Summer Place Ct, Clayton, NC has a mortgage from Prosperity Hm Mtg Llc (orig. December 20, 2019). The Johnston county assessment for 2024 values it at $194,620, with annual taxes of $1,576.

Mortgage & Equity Information

Loan Amount$******
LenderProsperity Hm Mtg Llc
Origination DateDecember 20, 2019
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date****************
Equity View Equity

Property Tax

Purchase DateDecember 18, 2019
Property Tax Amount$1,576 in 2024
Purchase Price$235,000
Assessed Value$194,620 on 2024

Investment Potential for 220 Summer Place Ct

The property has a current estimated value of $288,261, which is 23% below the neighborhood median, based on public records. It last sold on December 18, 2019 for $235K. Projected long-term
is $24,600 annually ($2,050 per month) with a 94% occupancy rate.

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Long-Term

Gross Rental
$24,600 per year($2,050 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 27527 zip code
 
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Property Details for 220 Summer Place Ct

Property Details

Property Sq Ft

Living Area

1,553 sq ft

43% below market

Lot Size

19,602 sq ft

86% below market

Price Per Sq Ft

Living Area

$186 / sq ft

33% above market

Lot Size Area

$15 / sq ft

348% above market

Property condition, age, exterior, etc. for 220 Summer…
Longitude: -78.417519 Latitude: 35.669294 Parcel Number (APN): 16I03021Z…

Recommended Properties in Neuse

Discover more single family homes near 220 Summer Place Ct in Clayton, North Carolina. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 220 Summer Place Ct in Johnston County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$288,261
$257,944
$30,317 (12%)
YoY Price Change
2.32%
-35%
Year Built
2005
1990
15 years
Living Space
1,553 sq ft
1,590 sq ft
-37 (-2%)
$ Per Living Sq Ft
$186
$158
$28 (17%)
Lot Size
19,602 sq ft
20,473 sq ft
-871 (-4%)
$ Per Lot Sq Ft
$15
$12
$3 (23%)

Net Operating Income
$18,197
-$564 (-3%)
Annual Revenue
$24,600
$25,200
-$600 (-2%)
$6,673
$294 (4%)
Net Operating Income
$18,197
-$564 (-3%)
Cap Rate
6.84%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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