48 Summit Ln
Newland, NC 28657
1 bd 2 ba 600 sqft Built 1985 Lot 3,920 sqft single_family
Most recent sale
$200,000
Jun 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 28, 2022 | Sold | $200,000 | MLS #237223 |
| Jun 17, 2022 | Price changed | $234,900 | MLS #237223 |
| May 4, 2022 | Listed | $263,000 | MLS #237223 |
| Sep 21, 2005 | Sold | $60,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $199,400 | $33,000 | $232,400 | $929 |
| 2023 | $184,800 | $33,000 | $217,800 | $871 |
| 2022 | $184,800 | $33,000 | $217,800 | $871 |
| 2020 | $72,100 | $27,500 | $99,600 | $548 |
| 2019 | $72,100 | $27,500 | $99,600 | $548 |
| 2018 | $72,100 | $27,500 | $99,600 | $548 |
| 2017 | $75,300 | $27,500 | $102,800 | $565 |
| 2016 | $75,300 | $27,500 | $102,800 | $460 |
| 2015 | $75,300 | $27,500 | $102,800 | $460 |
| 2014 | $75,300 | $27,500 | $102,800 | $295 |
| 2013 | — | — | $88,300 | $358 |
| 2012 | — | — | $79,400 | $322 |
| 2011 | — | — | $79,400 | $294 |
Property facts
Year built
1985
Property type
single_family
Stories
—
Beds
1
Baths
2
Living area
600 sqft
Lot size
3,920 sqft
ZIP code
28657
City
Newland
Street
Summit Ln
Coordinates
36.04051, -81.90388
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$810
Gross rental yield
4.86%
Implied cap rate
3.16%
Trend-extrapolated value
—
Frequently asked questions
When did 48 Summit Ln last sell?
48 Summit Ln most recently sold on Jun 28, 2022 for $200,000.
What is the current tax assessment for 48 Summit Ln?
The most recent total assessment for 48 Summit Ln (year 2025) is $232,400 with $929 in property tax.
How does 48 Summit Ln's assessment compare to its last sale price?
The current assessment is 16.2% above the last sale price of $200,000.
When was 48 Summit Ln built?
48 Summit Ln was built in 1985.
How does 48 Summit Ln compare to others on Summit Ln?
We track 5 other properties on Summit Ln. Browse the list under "Other properties on Summit Ln" to compare beds, baths, and sale history.
What are the property facts for 48 Summit Ln?
48 Summit Ln is a 1 bed, 2 bath, 600 sqft, 3,920 sqft lot single_family.
Is 48 Summit Ln a flip candidate?
No — 48 Summit Ln does not appear in our flips dataset.
Is 48 Summit Ln a tax-appeal candidate?
Yes — 48 Summit Ln appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-8.4%
Implied 1-yr
-33.6%
2026 Q3
$129.7K
2026 Q4
$105.7K
ZIP 28657 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Summit Ln