NOT LISTED FOR SALE

107 Summit Tower Cir Unit 242 Asheville, NC 28804

Estimated Value: $521,000 - $846,076

1.01 Acres
$730,217 Price per Acre
43,996 Sq Ft Lot

Last Sold June 15, 2021

Last sale price $630,000

Est. 20% increase in value since last sale

Current estimated payment $4,590/month

259 Days on Market

Highlights

  • Private Lot
  • Recreation Facilities
  • Many Trees
  • Asheville High Rated A-

About This Lot

As of June 2021

Breathtaking scenes await from this lovely, level homesite perched at the summit of Reynolds Mountain. At an elevation of over 3,000 feet, this lot boasts nearly 360-degree panoramas of sunrises across one range of mountains and sunsets from another, along with spectacular views of Mount Pisgah, Cold Mountain and Tennessee Mountain. Privacy is paramount with the ability to set a residence back high without compromising the sights around. The peace and serenity of nature abound with the chance to see eagles fly at eye level and enjoy pleasant temperatures and beautiful breezes in the summer. A rare opportunity, the flat topography offers a myriad of possibilities for a diverse range of home designs while keeping costs low. Some options include adding a lower level basement as well as a garage space to house a prized collection. The perfect place to build an extraordinary estate outside of downtown Asheville, this homesite offers an ideal locale to craft a magnificent mountain retreat.

Last Agent to Sell the Property

Brian Etheridge

Premier Sotheby’s International Realty License #241454 Listed on: 08/07/2020

Premier Sotheby’s International Realty

Last Buyer's Agent

Libby Mijanovich

Allen Tate/Beverly-Hanks Asheville-North License #280569

Allen Tate/Beverly-Hanks Asheville-North

Property Details

Property Type

  • Land

Lot Details

  • Private Lot
  • Level Lot
  • Many Trees

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Slab Foundation

Basement

  • Crawl Space

Listing and Financial Details

  • Assessor Parcel Number 9741-01-2151-00000

Community Details

Overview

  • Ipm Association

Recreation

  • Recreation Facilities

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.96923
  • Ratio Close Price By Original Li: 1.28834
  • Ratio Current Price By Acre: 623762.38
  • Restrictions: Architectural Review, Livestock Restriction, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Crawl Space, Slab

Exterior Features

  • Construction Type: Site Built

Utilities

  • Sewer: City Sewer, Tap Fee Required
  • Water: City Water, Tap Fee Required

Condo/Co-op/Association

  • Community Features: Recreation Area
  • Association Fee: 1200.00
  • Association Fee Frequency: Annually
  • HOA Management Company: IPM
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Asheville City
  • Middle School: Asheville
  • High School: Asheville

Lot Info

  • Lot Dimension: 200x65x174x313
  • Lot Features: Level, Long Range View, Mountain View, Private, Trees, Views, Year Round View
  • Lot Size Area: 1.010
  • Parcel Number: 9741-01-2151-00000
  • Zoning Specification: R21
  • Plat Book Slide: 0113 / 0148

Tax Info

  • Tax Value: 360900.00
  • Tax Location: Woodfin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2024
Sold by
Quarles Patrick and Quarles Maryellen
Bought by
Quarles 2024 Management Trust and Quarles
Current Estimated Value
$755,043

Purchase Details

Listed on
Aug 7, 2020
Closed on
Jun 10, 2021
Sold by
Bhasker Santosh E and Bhasker Anita S
Bought by
Quarles Patrick and Quarles Maryellen
Seller's Agent
Brian Etheridge
Premier Sotheby’s International Realty
Buyer's Agent
Libby Mijanovich
Allen Tate/Beverly-Hanks Asheville-North
List Price
$650,000
Sold Price
$630,000
Premium/Discount to List
-$20,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.33%

Purchase Details

Closed on
Aug 19, 2004
Sold by
Reynolds Mountain Development Llc
Bought by
Bhasker Santosh E and Bhasker Anita S
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Quarles 2024 Management Trust -- None Listed On Document
Quarles Patrick $630,000 None Available
Bhasker Santosh E $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bhasker Santosh E $371,750
Previous Owner Bhasker Santosh E $391,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2021 06/15/21 Sold $630,000 -3.1% --
04/23/2021 04/23/21 Pending -- -- --
03/28/2021 03/28/21 Price Changed $650,000 0.0% --
03/28/2021 03/28/21 For Sale $650,000 +8.5% --
02/04/2021 02/04/21 Pending -- -- --
12/31/2020 12/31/20 Price Changed $599,000 +22.5% --
08/07/2020 08/07/20 For Sale $489,000 -- --
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 $4,515 $426,100 $426,100 $0
2022 $4,389 $426,100 $0 $0
2021 $4,389 $426,100 $0 $0
2020 $3,894 $360,900 $0 $0
2019 $3,894 $360,900 $0 $0
2018 $3,714 $360,900 $0 $0
2017 $3,361 $325,700 $0 $0
2016 $3,775 $325,700 $0 $0
2015 $3,775 $325,700 $0 $0
2014 -- $325,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Etheridge

    Seller's Agent in 2021

    Brian Etheridge

    Premier Sotheby’s International Realty

    (828) 551-8043

    7 in this area

    80 Total Sales

    Section Image
  • Libby Mijanovich

    Buyer's Agent in 2021

    Libby Mijanovich

    Allen Tate/Beverly-Hanks Asheville-North

    (828) 380-0496

    10 in this area

    74 Total Sales

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3649406

Canopy MLS (Canopy Realtor® Association)

APN: 9741-01-2151-00000

North Carolina Buncombe County Asheville 28804

107 Summit Tower Cir Unit 242, Asheville, NC

This home is located at 107 Summit Tower Cir Unit 242, Asheville, NC 28804 since 07 August 2020 and is currently estimated at $737,519. 107 Summit Tower Cir Unit 242 is a home located in Buncombe County with nearby schools including Ira B Jones Elementary, Isaac Dickson Elementary, and Hall Fletcher Elementary.

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