NOT LISTED FOR SALE

108 Olde Covington Way Unit 108 Arden, NC 28704

Estimated Value: $253,128 - $270,000

2 Beds
2 Baths
1,152 Sq Ft
$226/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $215,000 $187 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,690/month

2 Days on Market

Highlights

  • Contemporary Architecture
  • Bamboo Flooring
  • Walk-In Closet
  • Glen Arden Elementary School Rated A-
  • Fireplace
  • Front Green Space

About This Home

As of November 2021

Welcome to Covington Crossing! This residential community features condos, duplexes, and single family homes that are well maintained with excellent neighbors. This top floor unit has been recently upgraded with a brand new stove, refrigerator, and dishwasher, new paint, countertops, and overall make over! You'll notice the durable bamboo wood floors right when you walk into the family room, along with a cozy gas fireplace, and peaceful covered back deck to unwind after a long day. Back in the Master Suite you'll find a generously sized room, walk in closet, and recently updated bathroom featuring new fixtures, vanity, & paint. On the other side of the unit is a great place for guest room or a studio/office. The common bathroom also received a similar update as the Master Bath, and right off the kitchen you'll find your in unit laundry area. This property is conveniently located 10 minutes to the Asheville Airport, all of the amenities of South Asheville, and still has a private feel!

Last Agent to Sell the Property

Andrew Sheffield

Keller Williams Elite Realty License #286779 Listed on: 10/04/2021

Keller Williams Elite Realty

Last Buyer's Agent

Julie Smith

Allen Tate/Beverly-Hanks Asheville-Downtown License #180470

Allen Tate/Beverly-Hanks Asheville-Downtown

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2001

Lot Details

  • Front Green Space
  • Level Lot
  • Many Trees

HOA Fees

Home Design

  • Triplex
  • Contemporary Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Fireplace
  • Window Treatments
  • Bamboo Flooring

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Community Details

  • Baldwin Real Estate Association, Phone Number (828) 684-3400

Listing and Financial Details

  • Assessor Parcel Number 9653-77-8695-CA108

Property Details

Home Type

Multi-Family

Year Built

Built in 2001

Lot Details

0

HOA Fees

$156 per month

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: Triplex
  • Architectural Style: Contemporary
  • Ratio Close Price By List Price: 1.04878
  • Ratio Close Price By Original Li: 1.04878
  • Ratio Current Price By Sq Ft: 186.63
  • Unit Floor Level: 2
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Entry Level: Upper
  • Equipment: Cooktop Gas, Dishwasher
  • Fireplace Description: FAMILYRM
  • Fireplace: Yes
  • Flooring: Bamboo
  • H O A Management Phone: 828-684-3400
  • Interior Amenities: Split BR Plan, Walk-In Closet(s), Window Treatments
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1152
  • Total Sq Ft: 1152

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Assigned Parking Space - 2

Utilities

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

Condo/Co-op/Association

  • Association Fee: 146.00
  • Association Fee Frequency: Monthly
  • Complex Name: Covington Commons
  • HOA Management Company: Baldwin Real Estate
  • Hoa Subject To Dues: Mandatory
  • Association #2 Fee: 120.00
  • Association #2 Fee Frequency: Annually

Schools

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

Lot Info

  • Lot Features: Green Area, Level, Trees
  • Parcel Number: 9653-77-8695-CA108
  • Plat Book Slide: 0080
  • Plat Reference Section Pages: 0191
  • Zoning Specification: R-2

Tax Info

  • Tax Value: 145200.00
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2024
Sold by
Cochran Melanie Michelle and Cochran Gary Lee
Bought by
Illas Gary-Alexander
Total Days on Market
2
Current Estimated Value
$259,782

Purchase Details

Listed on
Oct 4, 2021
Closed on
Nov 5, 2021
Sold by
Mcgrath Matt W and Mcgrath Lynn Ellen
Bought by
Cochran Jeffery Alan
Seller's Agent
Andrew Sheffield
Keller Williams Elite Realty
Buyer's Agent
Julie Smith
Allen Tate/Beverly-Hanks Asheville-Downtown
List Price
$205,000
Sold Price
$215,000
Premium/Discount to List
$10,000
4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.48%
Original Mortgage
$73,000
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2019
Sold by
Mcgowan Edward J and Mcgowan Nancy E
Bought by
Mcgrath Matt W and Mcgrath Lynn Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2006
Sold by
Triple A Property Management Llc
Bought by
Mcgowan Edward J and Mcgowan Nancy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,562
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac
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
Illas Gary-Alexander $255,000 None Listed On Document
Cochran Jeffery Alan $215,000 None Available
Mcgrath Matt W $147,500 None Available
Mcgowan Edward J $113,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cochran Jeffery Alan $73,000
Previous Owner Mcgrath Matt W $110,500
Previous Owner Mcgowan Edward J $87,756
Previous Owner Mcgowan Edward J $84,562
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $215,000 +4.9% $187 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $205,000 -- $178 / 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 $912 $153,100 $0 $153,100
2022 $897 $153,100 $0 $0
2021 $851 $145,200 $0 $0
2020 $801 $127,200 $0 $0
2019 $801 $127,200 $0 $0
2018 $801 $127,200 $0 $0
2017 $801 $102,500 $0 $0
2016 $712 $0 $0 $0
2015 $712 $102,500 $0 $0
2014 $712 $102,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3792375

Canopy MLS (Canopy Realtor® Association)

APN: 9653-77-8695-CA108