NOT LISTED FOR SALE

101 Olde Covington Way Arden, NC 28704

Estimated Value: $253,441 - $271,000

2 Beds
2 Baths
1,170 Sq Ft
5 Acres

Last Sold August 07, 2023

Last sale price $245,000 $209 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,446/month

6 Days on Market

Highlights

  • Traditional Architecture
  • Rear Porch
  • 1-Story Property
  • Glen Arden Elementary School Rated A-
  • Laundry Room
  • Central Air

About This Home

As of August 2023

**Investor Alert** Very desirable first floor, end unit in the quaint and popular community of Covington Crossing. 2 bedrooms and 2 baths with open living and dining area and split bedroom layout. Spacious master suite with walk in closet. Living room with gas fireplace. Relaxing back patio. This unit would be perfect for an investor. Tenant occupied since purchased and subject to current lease which expires on 7/31/23. The Bayshore Company is the current management company. The tenant has been excellent and would like to stay if possible. The unit comes with 2 designated parking spaces. Located in the sought after TC Roberson school district. Convenient location between Asheville and Hendersonville, only 10 minutes to the airport. All of the south Asheville’s amenities, shops & restaurants are just minutes away! Great opportunity to purchase an investment property with an excellent tenant in place.

Last Agent to Sell the Property

Leslie Elliott

Allen Tate/Beverly-Hanks Asheville-Biltmore Park License #264565 Listed on: 04/14/2023

Allen Tate/Beverly-Hanks Asheville-Biltmore Park

Last Buyer's Agent

Barbara Baskerville

Allen Tate/Beverly-Hanks Asheville-Downtown License #15096

Allen Tate/Beverly-Hanks Asheville-Downtown

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $870

Year Built

  • Built in 2001

Lot Details

  • 5

Parking

  • 2 Parking Garage Spaces

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,170 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Outdoor Features

  • Rear Porch

Schools

  • Glen Arden/Koontz Elementary School
  • Cane Creek Middle School
  • T.C. Roberson High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • Baldwin Real Estate Association, Phone Number (828) 684-3400
  • Covington Crossing Subdivision
  • Mandatory Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 9653-77-8695-CA101

Property Details

Home Type

Condominium

Est. Annual Taxes

$870

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Year Built: 2001
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 209.40
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Split Bedroom
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1170
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range
  • Above Grade Finished Sq Ft: 1170
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Living Area: 1170
  • Bedroom Main: 2
  • Room Count: 8

Exterior Features

  • New Construction: No
  • Roof: Fiberglass
  • Construction Type: Site Built
  • Construction Type: Vinyl
  • Patio And Porch Features: Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Space(s)
  • Assigned Spaces: 2

Utilities

  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Cooling: Central Air
  • Utilities: Cable Available
  • Water Source: City

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association #2 Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association: Baldwin Real Estate
  • Association Name: Baldwin Real Estate
  • Association Phone #2: 828-684-3400
  • Phone: 828-684-3400
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: Cane Creek
  • HOA Subject To: Required

Lot Info

  • Parcel Number: 9653-77-8695-CA101
  • Land Included Yn: 0
  • Zoning Specification: R-2

Rental Info

  • Pets Allowed: Yes

MLS Schools

  • Elementary School: Glen Arden/Koontz
  • High School: T.C. Roberson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Aug 4, 2023
Sold by
Belmont Highlands Llc
Bought by
Illas Gary-Alexander
Seller's Agent
Leslie Elliott
Allen Tate/Beverly-Hanks Asheville-Biltmore Park
Buyer's Agent
Barbara Baskerville
Allen Tate/Beverly-Hanks Asheville-Downtown
List Price
$260,000
Sold Price
$245,000
Premium/Discount to List
-$15,000
-5.77%
Total Days on Market
6
Views
120
Current Estimated Value
$258,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,610
Avg. Annual Appreciation
3.02%

Purchase Details

Listed on
Dec 3, 2018
Closed on
Dec 17, 2018
Sold by
Campbell Howard Neal and Campbell Anne
Bought by
Belmont Highlands Llc
Seller's Agent
McRae Hilliard
Allen Tate/Beverly-Hanks Asheville-Downtown
Buyer's Agent
Leslie Elliott
Allen Tate/Beverly-Hanks Asheville-Biltmore Park
List Price
$142,500
Sold Price
$137,000
Premium/Discount to List
-$5,500
-3.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.35%

Purchase Details

Closed on
Oct 8, 2014
Sold by
Campbell Tammy L
Bought by
Campbell Howard Neal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,600
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 4, 2007
Sold by
Lahepelto Jouko and Lahepelto Patricia Smith
Bought by
Campbell Tammy L and Campbell Howard Neal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,800
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Illas Gary-Alexander $245,000 None Listed On Document
Belmont Highlands Llc $137,000 None Available
Campbell Howard Neal $92,000 None Available
Campbell Tammy L $121,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Campbell Howard Neal $73,600
Previous Owner Campbell Howard N $95,600
Previous Owner Campbell Tammy L $96,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2023 08/07/23 Sold $245,000 -5.8% $209 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $260,000 +89.8% $222 / Sq Ft
12/17/2018 12/17/18 Sold $137,000 -3.9% $117 / Sq Ft
12/05/2018 12/05/18 Pending -- -- --
12/03/2018 12/03/18 For Sale $142,500 -- $122 / 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
2023 $870 $145,900 $0 $145,900
2022 $855 $145,900 $0 $0
2021 $855 $145,900 $0 $0
2020 $805 $127,700 $0 $0
2019 $805 $127,700 $0 $0
2018 $805 $127,700 $0 $0
2017 $805 $114,600 $0 $0
2016 $796 $0 $0 $0
2015 $796 $114,600 $0 $0
2014 $796 $114,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4020598

Canopy MLS (Canopy Realtor® Association)

APN: 9653-77-8695-CA101