NOT LISTED FOR SALE

1001 Coves Pheasant Ct Unit 159 Biltmore Lake, NC 28715

Estimated Value: $1,132,358 - $1,263,000

4 Beds
3 Baths
3,085 Sq Ft
$390/Sq Ft Est. Value

Last Sold January 25, 2019

Last sale price $771,000 $250 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $6,930/month

211 Days on Market

Highlights

  • Open Floorplan
  • Clubhouse
  • Attic
  • Community Lake
  • Wood Flooring
  • Tennis Courts

About This Home

As of January 2019

This stunning, custom built home is located in highly desired Biltmore Lake, appealing to the most discerning buyer with a perfect blend of lakeside and mountain living, but only a 15 minute drive to downtown Asheville. This home boasts 4 bedrooms and 3 bathrooms and offers a rare opportunity to purchase a newly constructed custom home with a luxury finish and attention to detail throughout. Location of home is in close proximity (approximately 100 yards) to the lake and trail system, providing easy access to walk out your backdoor and enjoy abundant amenities the community has to offer. There is plenty of unfinished square footage to take advantage of (approximate 1600 sq.ft) that is easily convertible into living space. The lower level has unlimited potential. It is pre-zoned for HVAC, stubbed for kitchenette and 4th full bath and framed for a 5th bedroom.

Last Agent to Sell the Property

Mitch Miller

Mountain Oak Properties LLC License #216062 Listed on: 05/11/2018

Last Buyer's Agent

Carol Fisk

Howard Hanna Beverly-Hanks Asheville-Biltmore Park License #201551

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2016

Lot Details

  • Level Lot

HOA Fees

  • $132 Monthly HOA Fees

Parking

  • 2

Interior Spaces

  • Open Floorplan
  • Gas Log Fireplace
  • Kitchen Island
  • Attic

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms
  • Garden Bath

Utilities

  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9616138002700000
  • Tax Block B2

Community Details

Overview

  • Biltmore Lake Association Inc. Association, Phone Number (828) 670-8293
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2016

Lot Details

0

HOA Fees

$132 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Ratio Close Price By List Price: 0.96387
  • Ratio Close Price By Original Li: 0.86145
  • Ratio Current Price By Acre: 2083783.78
  • Ratio Current Price By Sq Ft: 249.92
  • Year Built: 2016
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Block
  • Upper Level Sq Ft: 1175
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Cooktop Gas, Dishwasher, Disposal, Microwave, Natural Gas, Exhaust Hood, Refrigerator, Wall Oven
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • H O A Management Phone: 828-670-8293
  • Interior Amenities: Attic Walk-in, Basement Shop, Built-Ins, Cable Available, Garden Tub, Kitchen Island, Open Floorplan, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1910
  • Total Sq Ft: 3085
  • Sq Ft Unheated Basement: 961
  • Sq Ft Unheated Total: 1600
  • Sq Ft Unheated Upper: 639

Exterior Features

  • Construction: Brick Full, Hardboard Siding
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 2 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Heat Pump - AC, Heat Pump - Heat, Natural Gas
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: g-On-Demand Water Heater

Condo/Co-op/Association

  • Community Features: Club House, Lake, Playground, Recreation Area, Sidewalk, Street Lights, Tennis Court(s), Walking Trails
  • Association Fee: 395.00
  • Association Fee Frequency: Quarterly
  • HOA Management Company: Biltmore Lake Association Inc.
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Hominy Valley/Enka
  • Middle School: Enka
  • High School: Enka

Lot Info

  • Lot Features: Level, Paved Frontage, Water view, Winter View
  • Lot Size Area: 0.370
  • Parcel Number: 9616138002700000
  • Plat Book Slide: 0084/0194
  • Plat Reference Section Pages: 0088
  • Zoning Specification: R2

Tax Info

  • Tax Value: 721000.00
  • Tax Block: B2
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2018
Closed on
Jan 24, 2019
Sold by
Wilkins Justin Ryan and Wilkins Allison King
Bought by
Smith Sandra Loubat
Seller's Agent
Mitch Miller
Mountain Oak Properties LLC
Buyer's Agent
Carol Fisk
Howard Hanna Beverly-Hanks Asheville-Biltmore Park
List Price
$895,000
Sold Price
$771,000
Premium/Discount to List
-$124,000
-13.85%
Current Estimated Value
$1,204,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$433,090
Avg. Annual Appreciation
6.80%
Original Mortgage
$221,000
Outstanding Balance
$194,691
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$999,462

Purchase Details

Closed on
Nov 26, 2014
Sold by
Johnson Robin C and Johnson Robert Leslie
Bought by
Wilkins Justin Ryan and Wilkins Allison King

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
3.95%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 30, 2003
Sold by
Biltmore Farms Inc
Bought by
Johnson Robin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
5.43%
Mortgage Type
Unknown
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
Smith Sandra Loubat $771,000 None Available
Wilkins Justin Ryan $72,000 None Available
Johnson Robin C $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Sandra Loubat $221,000
Previous Owner Wilkins Justin Ryan $54,000
Previous Owner Johnson Robin C $58,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2019 01/25/19 Sold $771,000 -3.6% $250 / Sq Ft
12/08/2018 12/08/18 Pending -- -- --
11/13/2018 11/13/18 Price Changed $799,900 -1.2% $259 / Sq Ft
10/20/2018 10/20/18 Price Changed $810,000 -1.8% $263 / Sq Ft
09/19/2018 09/19/18 Price Changed $825,000 -1.8% $267 / Sq Ft
08/03/2018 08/03/18 Price Changed $839,900 -1.2% $272 / Sq Ft
07/19/2018 07/19/18 Price Changed $849,900 -2.3% $275 / Sq Ft
06/20/2018 06/20/18 Price Changed $869,900 -2.1% $282 / Sq Ft
06/06/2018 06/06/18 Price Changed $889,000 -0.7% $288 / Sq Ft
05/11/2018 05/11/18 For Sale $895,000 -- $290 / 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 $4,667 $731,900 $111,800 $620,100
2024 $4,667 $731,900 $111,800 $620,100
2023 $4,667 $731,900 $111,800 $620,100
2022 $4,340 $731,900 $0 $0
2021 $4,340 $731,900 $0 $0
2020 $4,101 $646,900 $0 $0
2019 $4,571 $721,000 $0 $0
2018 $4,463 $721,000 $0 $0
2017 $4,535 $80,600 $0 $0
2016 $559 $80,600 $0 $0
2015 $559 $80,600 $0 $0
2014 $559 $80,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3390497

Canopy MLS (Canopy Realtor® Association)

APN: 9616-38-0027-00000