340 Summit Ave
Albemarle, NC 28001
3 bd 2 ba 1,228 sqft Built 1975 Lot 19,602 sqft single_family
Most recent sale
$115,000
Feb 25, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 25, 2022 | Sold | $115,000 | MLS #3788968 |
| Sep 23, 2021 | Listed | $130,000 | MLS #3788968 |
| Nov 4, 2003 | Sold | $53,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $90,367 | $21,645 | $112,012 | $627 |
| 2023 | $78,744 | $8,991 | $87,735 | $535 |
| 2022 | $78,744 | $8,991 | $87,735 | $1,070 |
| 2021 | $78,744 | $8,991 | $87,735 | $1,070 |
| 2020 | $71,916 | $7,659 | $79,575 | $1,032 |
| 2019 | $71,916 | $7,659 | $79,575 | $1,042 |
| 2018 | $71,916 | $7,659 | $79,575 | $1,032 |
| 2017 | $71,916 | $7,659 | $79,575 | $1,002 |
| 2016 | $71,493 | $7,659 | $79,152 | $997 |
| 2015 | $71,493 | $7,659 | $79,152 | $987 |
| 2014 | $71,493 | $7,659 | $79,152 | $997 |
| 2013 | $71,493 | $7,659 | $79,152 | $973 |
| 2012 | $68,663 | $8,991 | $77,654 | $955 |
| 2011 | $68,663 | $8,991 | $77,654 | $955 |
| 2010 | $68,663 | $8,991 | $77,654 | $955 |
| 2009 | $68,663 | $8,991 | $77,654 | $955 |
| 2008 | $68,663 | $8,991 | $77,654 | $955 |
| 2007 | $68,663 | $8,991 | $77,654 | $955 |
Property facts
Year built
1975
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,228 sqft
Lot size
19,602 sqft
ZIP code
28001
City
Albemarle
Street
Summit Ave
Coordinates
35.34447, -80.19412
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$690
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 340 Summit Ave last sell?
340 Summit Ave most recently sold on Feb 25, 2022 for $115,000.
What is the current tax assessment for 340 Summit Ave?
The most recent total assessment for 340 Summit Ave (year 2025) is $112,012 with $627 in property tax.
How does 340 Summit Ave's assessment compare to its last sale price?
The current assessment is 2.6% below the last sale price of $115,000.
When was 340 Summit Ave built?
340 Summit Ave was built in 1975.
How does 340 Summit Ave compare to others on Summit Ave?
We track 8 other properties on Summit Ave. Browse the list under "Other properties on Summit Ave" to compare beds, baths, and sale history.
What are the property facts for 340 Summit Ave?
340 Summit Ave is a 3 bed, 2 bath, 1,228 sqft, 19,602 sqft lot single_family.
Is 340 Summit Ave a flip candidate?
No — 340 Summit Ave does not appear in our flips dataset.
Is 340 Summit Ave a tax-appeal candidate?
No — 340 Summit Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+4.1%
Implied 1-yr
+16.2%
2026 Q3
$380.5K
2026 Q4
$392.7K
ZIP 28001 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Summit Ave