Terence E. (Jt) and Susan B. (Jt) Block purchase 8879 N. Promontory Ranch Road, Silver Summit, appraised at $5.4 million

The home at 8879 N. Promontory Ranch Road, Silver Summit, was sold on July 17 by Lebertew & Labertew LLC (trustees) for $5.4 million.

Terence E. (Jt) and Susan B. (Jt) Block were listed as the buyers.

Property taxes on the home totaled $15,469 in 2023, or 0.3% of the sale price.

This property is one of 26 sales in Silver Summit, Summit County, between June 17 and July 17.

This article is based on data published by BlockShopper.com.

U.S. home prices continued to rise in 2025, with the national median reaching about $447,000 in June. That's up 1.13% from a year earlier, according to Redfin. The data also show a significant gap in supply and demand, with 36% more sellers than buyers (a difference of 508,715 homes). By Redfin’s definition, a balanced market has seller and buyer numbers within 10% of each other.