NOT LISTED FOR SALE

108 Olde Covington Way Unit A108 Arden, NC 28704

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

2 Beds
2 Baths
1,103 Sq Ft
$172/mo HOA Fee

Last Sold February 26, 2024

Last sale price $255,000 $231 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,627/month

8 Days on Market

Highlights

  • Wood Flooring
  • Laundry closet
  • Central Air
  • Glen Arden Elementary School Rated A-
  • 1-Story Property

About This Home

As of February 2024

Looking for a comfortable and convenient place to call home, or are you looking for a great rental investment? Just bring your toothbrush and move in to this turn key 2-bed, 2-bath condo in a great location! Furniture can convey with the property at closing. Long term rental possibility and per the HOA, no rental cap, but no short term rentals allowed. This upper level condo offers a spacious and open floor plan with plenty of natural light, making it the perfect place to relax and unwind. The two bedrooms are well-sized, and the primary bedroom has a large walk-in closet. There’s a cozy fireplace in the living room, and the covered back deck offers a place to enjoy outside. Condo is close to shopping & dining, with easy access to major highways. Don't wait - schedule your visit today and see all that this great condo has to offer!

Last Agent to Sell the Property

Steve DeWitt

Allen Tate/Beverly-Hanks Hendersonville Brokerage Email: steve.dewitt@allentate.com License #296318 Listed on: 01/25/2024

Allen Tate/Beverly-Hanks Hendersonville

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

  • $912

Year Built

  • Built in 2001

Lot Details

  • 5

HOA Fees

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,103 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • Assigned Parking

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Baldwin Real Estate Inc. Association, Phone Number (828) 684-3400
  • Two Trails Llc Association, Phone Number (828) 696-2173
  • Covington Crossing Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 9653778695CA108

Property Details

Home Type

Condominium

Est. Annual Taxes

$912

Year Built

Built in 2001

Lot Details

0

HOA Fees

$172 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 2001
  • Restrictions: Subdivision
  • Road Surface Type: None, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 231.19
  • Geocode Confidence: High
  • Attribution Contact: steve.dewitt@allentate.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Entry Level: 2
  • Fireplace: Yes
  • Flooring: Linoleum, Vinyl, Wood
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1103
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 1103
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Living Room
  • Living Area: 1103
  • Bedroom Main: 2
  • Room Count: 7

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Vinyl

Garage/Parking

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

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Laundry Closet
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 161
  • Association Fee Frequency: Monthly
  • Association #2 Fee: 135
  • Association #2 Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association: Two Trails LLC
  • Association Name: Baldwin Real Estate Inc.
  • Association Phone #2: 828-696-2173
  • Phone: 828-684-3400
  • ResoAssociationFeeFrequency: Monthly
  • Association Email: rebecca@baldwinrealestateinc.com

Association/Amenities

  • Association Annual Expense: 2067.00

Schools

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

Lot Info

  • Parcel Number: 9653778695CA108
  • Land Included Yn: 0
  • Zoning Specification: R-2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2024
Closed on
Feb 8, 2024
Sold by
Cochran Melanie Michelle and Cochran Gary Lee
Bought by
Illas Gary-Alexander
Seller's Agent
Steve DeWitt
Allen Tate/Beverly-Hanks Hendersonville
Buyer's Agent
Barbara Baskerville
Allen Tate/Beverly-Hanks Asheville-Downtown
List Price
$275,000
Sold Price
$255,000
Premium/Discount to List
-$20,000
-7.27%
Total Days on Market
8
Views
20
Current Estimated Value
$259,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,782
Avg. Annual Appreciation
1.47%

Purchase Details

Closed on
Nov 5, 2021
Sold by
Mcgrath Matt W and Mcgrath Lynn Ellen
Bought by
Cochran Jeffery Alan

Home Financials for this Owner

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

Purchase Details

Listed on
Aug 1, 2019
Closed on
Sep 6, 2019
Sold by
Mcgowan Edward J and Mcgowan Nancy E
Bought by
Mcgrath Matt W and Mcgrath Lynn Ellen
Seller's Agent
Gaia Goldman
Allen Tate/Beverly-Hanks Asheville-Biltmore Park
Buyer's Agent
Gaia Goldman
Allen Tate/Beverly-Hanks Asheville-Biltmore Park
List Price
$147,500
Sold Price
$147,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.38%
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

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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 $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
02/26/2024 02/26/24 Sold $255,000 -7.3% $231 / Sq Ft
01/25/2024 01/25/24 For Sale $275,000 +86.4% $249 / Sq Ft
09/12/2019 09/12/19 Sold $147,500 0.0% $133 / Sq Ft
08/03/2019 08/03/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $147,500 -- $133 / 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: 4102689

Canopy MLS (Canopy Realtor® Association)

APN: 9653-77-8695-CA108