NOT LISTED FOR SALE

1 Wedgewood Terrace Unit 907 Black Mountain, NC 28711

Estimated Value: $931,000 - $1,185,000

3 Beds
3.5 Baths
3,182 Sq Ft
$335/Sq Ft Est. Value

Last Sold May 31, 2016

Last sale price $515,000 $162 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $6,036/month

27 Days on Market

Highlights

  • Spa
  • Open Floorplan
  • Contemporary Architecture
  • Gated Community
  • Clubhouse
  • Wood Flooring

About This Home

As of May 2016

Spectacular SW views of the North Fork Valley and surrounding mountains! Prime location just inside the Laurel Ridge gate - 5 mi. to downtown Black Mtn. Low-maintenance home with screened porch and huge open deck to enjoy the views. Brick 2-sided fireplace, huge living room, master on main has private sitting room facing the view. Basement: large bonus/living room, area for an office, and view-facing hot tub room. Excellent vacation rental potential! Furnishings negotiable. Community water.

Last Agent to Sell the Property

Scott Russell

Howard Hanna Beverly-Hanks Freestone Properties License #246481 Listed on: 03/03/2016

Last Buyer's Agent

Alejo Rottenberg

GreyBeard Realty License #280112

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2001

Lot Details

  • 1.44

HOA Fees

  • $75 Monthly HOA Fees

Parking

  • 2

Home Design

  • Contemporary Architecture

Interior Spaces

  • Open Floorplan
  • Skylights
  • Gas Log Fireplace

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Whirlpool Bathtub

Additional Features

  • Spa
  • Heating System Uses Propane

Community Details

  • Clubhouse
  • Gated Community

Listing and Financial Details

  • Assessor Parcel Number 0701-22-4875-00000

Home Details

Home Type

Single Family

Year Built

Built in 2001

Lot Details

0

HOA Fees

$75 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Architectural Style: Contemporary
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.97188
  • Ratio Close Price By Original Li: 0.97188
  • Ratio Current Price By Acre: 357638.89
  • Ratio Current Price By Sq Ft: 161.85
  • Year Built: 2001
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance
  • Upper Level Sq Ft: 924
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Equipment: Disposal, Dishwasher, Electric Range, Microwave, Refrigerator, Propane, Generator, Electric Oven
  • Fireplace Description: Gas Logs, Living Room, See Thru
  • Fireplace: Yes
  • Flooring: Tile, Carpet, Wood
  • Interior Amenities: Hot Tub, Open Floorplan, Skylight(s), Walk-In Closet(s), Whirlpool
  • Laundry Location: Main
  • Room Count: 3
  • Sq Ft Basement: 782
  • Main Level Sq Ft: 1476
  • Total Sq Ft: 3182
  • Sq Ft Unheated Basement: 214
  • Sq Ft Unheated Total: 214

Exterior Features

  • Construction: Fiber Cement
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 2 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Propane
  • Sewer: Septic Tank
  • Water Heater: Propane

Condo/Co-op/Association

  • Community Features: Club House, Gated Community
  • Association Fee: 900.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Black Mountain
  • Middle School: Charles D Owen
  • High School: Charles D Owen

Lot Info

  • Lot Features: Long Range View, Mountain View, Year Round View
  • Lot Size Area: 1.440
  • Parcel Number: 0701-22-4875-00000
  • Plat Book Slide: 62/20
  • Plat Reference Section Pages: 552
  • Zoning: Residential
  • Zoning Specification: OU

Tax Info

  • Tax Value: 439800.00
  • Tax Amount Ncm: 3092.00
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2024
Sold by
Hancock Robert T and Hancock Tiffany C
Bought by
Hancock Family Living Trust and Hancock
Current Estimated Value
$1,065,224

Purchase Details

Listed on
Mar 3, 2016
Closed on
May 26, 2016
Sold by
Devore M Joan and Devore Bradford A
Bought by
Hancock Robert T and Hancock Tiffany C
Seller's Agent
Scott Russell
Howard Hanna Beverly-Hanks Freestone Properties
Buyer's Agent
Alejo Rottenberg
GreyBeard Realty
List Price
$529,900
Sold Price
$515,000
Premium/Discount to List
-$14,900
-2.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.08%
Original Mortgage
$412,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 10, 2012
Closed on
Jun 7, 2013
Sold by
Came Sharon P
Bought by
Devore M Joan and Devore Bradford A
Seller's Agent
Sharon Came
GreyBeard Realty
Buyer's Agent
Jane Risberg
Blueblaze Real Estate Group LLC
List Price
$495,000
Sold Price
$469,000
Premium/Discount to List
-$26,000
-5.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%
Original Mortgage
$375,200
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 1998
Sold by
Laurel Branch Development
Bought by
Came Sharon P
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hancock Family Living Trust -- None Listed On Document
Hancock Family Living Trust -- None Listed On Document
Hancock Robert T $515,000 None Available
Devore M Joan $469,000 None Available
Came Sharon P $32,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hancock Robert T $412,000
Previous Owner Devore M Joan $375,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2016 05/31/16 Sold $515,000 -2.8% $162 / Sq Ft
03/30/2016 03/30/16 Pending -- -- --
03/03/2016 03/03/16 For Sale $529,900 +13.0% $167 / Sq Ft
06/07/2013 06/07/13 Sold $469,000 -5.3% $138 / Sq Ft View Prior Sale
04/30/2013 04/30/13 Pending -- -- --
05/10/2012 05/10/12 For Sale $495,000 -- $146 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,753 $585,100 $72,600 $512,500
2024 $3,753 $600,900 $72,600 $528,300
2023 $3,753 $600,900 $72,600 $528,300
2022 $3,575 $600,900 $0 $0
2021 $3,575 $600,900 $0 $0
2020 $3,445 $530,800 $0 $0
2019 $3,445 $530,800 $0 $0
2018 $3,445 $530,800 $0 $0
2017 $3,387 $439,800 $0 $0
2016 $3,092 $439,800 $0 $0
2015 $3,092 $439,800 $0 $0
2014 $3,092 $439,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3152067

Canopy MLS (Canopy Realtor® Association)

APN: 0701-22-4875-00000