NOT LISTED FOR SALE

108 Cottage Settings Ln Unit 286 Black Mountain, NC 28711

Estimated Value: $69,000 - $72,000

0.32 Acre
$221,128 Price per Acre
13,939 Sq Ft Lot

Last Sold July 15, 2022

Last sale price $60,000

Est. 18% increase in value since last sale

Current estimated payment $517/month

121 Days on Market

Highlights

  • Gated Community
  • Private Lot
  • Cul-De-Sac
  • Clubhouse
  • Wooded Lot
  • Community Playground

About This Lot

As of July 2022

With a gently sloping driveway you will be able to access and easily build your dream home on this level .32 ac lot in a cul-de-sac! The Settings of Black Mountain is bustling with new build activity - you'll want to get in on this newly rediscovered gated community. Views, privacy, sidewalks; clubhouse, walking trails, natural gas, fiber optic internet, underground utilities and only 10 minutes from downtown Black Mountain and 20 minutes to Asheville. See for yourself how great life can be starting with this $65,000 lot!

Last Agent to Sell the Property

LaNita Cloninger

Howard Hanna Beverly-Hanks Asheville-Downtown License #132894 Listed on: 03/16/2022

Howard Hanna Beverly-Hanks Asheville-Downtown

Last Buyer's Agent

Jess Cole

Ivester Jackson Blackstream License #312677

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $424

Lot Details

  • Cul-De-Sac
  • Private Lot
  • Level Lot
  • Wooded Lot
  • Possible uses of the property include Residential
  • Zoning described as TR-4

HOA Fees

  • $108 Monthly HOA Fees

Schools

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

Utilities

  • Underground Utilities
  • Fiber Optics Available

Listing and Financial Details

  • Assessor Parcel Number 0618-49-4216-00000

Community Details

Overview

  • First Service Association, Phone Number (888) 354-0135
  • The Settings Of Black Mountain Subdivision
  • Mandatory home owners association

Recreation

  • Community Playground
  • Trails

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$424

Lot Details

0

HOA Fees

$108 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: No
  • Ratio Current Price By Acre: 187500.00
  • Restrictions: Architectural Review,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Frontage Type: Paved Road, Private Maintained Road
  • Road Surface Type: Paved
  • Structure Type: Lot
  • ResoPropertyType: Land
  • Special Features: VirtualTour

Interior Features

  • Fixture Exception Yn: 0
  • Possible Use: Residential

Exterior Features

  • Tax Location: No City Taxes Paid

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Fiber Optics, Natural Gas Available, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Gated, Playground, Sidewalks, Walking Trails
  • Association Fee: 1300
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: First Service
  • Phone: 888-354-0135
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Charles D Owen
  • HOA Subject To: Required
  • CAR_YearlyHOAExpense: 1300.00

Lot Info

  • Lot Features: Cul-De-Sac, Level, Long Range View, Mountain View, Private, Wooded, Views, Year Round View
  • Lot Size Area: 0.32
  • Lot Size Units: Acres
  • Parcel Number: 0618-49-4216-00000
  • Out Buildings Yn: 0
  • Can Be Subdivided: 0
  • Zoning Description: TR-4

Tax Info

  • RATIO List Price By Tax Amount: 1.28458

Multi Family

  • Unit Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2022
Closed on
Jul 8, 2022
Sold by
Kern Stephen V and Kern Benjamin Y
Bought by
Cunningham Charles William and Cunningham Martha Jane
Seller's Agent
LaNita Cloninger
Howard Hanna Beverly-Hanks Asheville-Downtown
Buyer's Agent
Jess Cole
Ivester Jackson Blackstream
List Price
$65,000
Sold Price
$60,000
Premium/Discount to List
-$5,000
-7.69%
Current Estimated Value
$70,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,761
Avg. Annual Appreciation
5.26%

Purchase Details

Closed on
Oct 17, 2006
Sold by
Richmarc Black Mountain Llc
Bought by
Kern Stephen V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,259
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
Cunningham Charles William $60,000 Goosmann Rose Colvard & Cramer
Kern Stephen V $135,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kern Stephen V $136,259
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2022 07/15/22 Sold $60,000 -7.7% --
03/16/2022 03/16/22 For Sale $65,000 -- --
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
2025 $424 $50,600 $50,600 --
2024 $424 $50,600 $50,600 --
2023 $424 $50,600 $50,600 $0
2022 $402 $50,600 $0 $0
2021 $402 $50,600 $0 $0
2020 $436 $50,600 $0 $0
2019 $436 $50,600 $0 $0
2018 $436 $50,600 $0 $0
2017 $441 $33,700 $0 $0
2016 $330 $33,700 $0 $0
2015 $330 $33,700 $0 $0
2014 $330 $33,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3839498

Canopy MLS (Canopy Realtor® Association)

APN: 0618-49-4216-00000