NOT LISTED FOR SALE

109 Forest Lake Dr Asheville, NC 28803

Estimated Value: $629,031 - $680,000

4 Beds
3 Baths
2,829 Sq Ft
$229/Sq Ft Est. Value

Last Sold March 10, 2021

Last sale price $465,000 $164 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,755/month

52 Days on Market

Highlights

  • Spa
  • Open Floorplan
  • Creek On Lot
  • T.C. Roberson High School Rated A
  • Community Lake
  • Ranch Style House

About This Home

As of March 2021

IF YOU ARE LOOKING FOR A GREAT LOCATION AND AN ACTIVE COMMUNITY, COME SEE THIS SPACIOUS 4BR/3b HOME IN THE FOREST LAKE SUBDIVISION! This Property has amazing outdoor space w/2 large decks, a creek and woods backing up to HOA property. Main bedroom has a large walk-in closet and spa like bath with heated floors and Washer/Dryer hookups. Incredible square footage w/potential income producing Air B&B/Mother-in-law suite on lower level. Large Bonus Room in basement can be used for additional family room, exercise room, office space, playroom, rec room or all of the above! Forest Lake has some of the best hiking and running trails in the area, direct access to Mountain to Seas Trail, 10 mins to Downtown Asheville and is within minutes to shopping and the Blue Ridge Parkway

Last Agent to Sell the Property

Michelle Williams

BHGRE Integrity Partners License #313571 Listed on: 12/04/2020

BHGRE Integrity Partners

Last Buyer's Agent

Peter Kuehne

Pete Key Properties Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1994

Lot Details

  • Home fronts a stream
  • Level Lot
  • Many Trees

HOA Fees

  • $22 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Ranch Style House

Interior Spaces

  • Open Floorplan
  • Cathedral Ceiling
  • Skylights
  • Gas Log Fireplace
  • Insulated Windows

Kitchen

  • Breakfast Bar
  • Kitchen Island

Flooring

  • Bamboo
  • Wood

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Garden Bath

Outdoor Features

  • Spa
  • Creek On Lot
  • Fire Pit

Utilities

  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9656-49-8644-00000

Community Details

Overview

  • Forest Lake HOA
  • Community Lake

Amenities

  • Picnic Area

Recreation

  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 1994

Lot Details

0

HOA Fees

$22 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 0.98936
  • Ratio Close Price By Original Li: 0.98936
  • Ratio Current Price By Acre: 2214285.71
  • Ratio Current Price By Sq Ft: 164.37
  • Year Built: 1994
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Doors and Windows: Insulated Windows
  • Equipment: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal, Gas Range
  • Fireplace Description: Gas Logs, Living Room
  • Fireplace: Yes
  • Flooring: Bamboo, Wood
  • Interior Amenities: Breakfast Bar, Cable Available, Cathedral Ceiling(s), Garden Tub, Kitchen Island, Open Floorplan, Skylight(s)
  • Laundry Location: Main, Basement
  • Room Count: 2
  • Sq Ft Basement: 1133
  • Main Level Sq Ft: 1696
  • Total Sq Ft: 2829

Exterior Features

  • Construction: Hardboard Siding
  • Construction Type: Site Built
  • Exterior Features: Fire pit, Hot Tub

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Driveway, Garage - 2 Car, Garage Door Opener

Utilities

  • Heating: Central Air, Electric Baseboard Heat, Gas Water Heater, Heat Pump - AC
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Lake, Picnic Area, Walking Trails
  • Association Fee: 265.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Forest Lake HOA
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Creekfront, Level, Paved Frontage, Stream/Creek, Trees
  • Parcel Number: 9656-49-8644-00000
  • Plat Reference Section Pages: 60/ 18
  • Zoning Specification: RES

Tax Info

  • Tax Value: 317300.00
  • Tax Location: Buncombe

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2020
Closed on
Mar 8, 2021
Sold by
Salloum Miriam and Workman David
Bought by
Nowak Nicholas Charles and Nowak Kathleen Roseanne
Seller's Agent
Michelle Williams
BHGRE Integrity Partners
Buyer's Agent
Peter Kuehne
Pete Key Properties Inc.
List Price
$470,000
Sold Price
$465,000
Premium/Discount to List
-$5,000
-1.06%
Current Estimated Value
$647,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,508
Avg. Annual Appreciation
7.27%
Original Mortgage
$441,750
Outstanding Balance
$395,998
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$251,510

Purchase Details

Closed on
Nov 16, 2017
Sold by
Nelson Karl and Salloum Miriam
Bought by
Salloum Miriam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2017
Sold by
Nelson Karl D
Bought by
Nelson Miriam S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2002
Sold by
Johnston Elizabeth
Bought by
Nelson Karl and Salloum Miriam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,700
Interest Rate
6.81%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 7, 1998
Sold by
Ayers Darrell W and Ayers Darlene T
Bought by
Johnston Elizabeth Coward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6.96%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nowak Nicholas Charles $465,000 None Available
Salloum Miriam -- None Available
Nelson Miriam S -- None Available
Nelson Karl $163,000 --
Johnston Elizabeth Coward $132,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nowak Nicholas Charles $441,750
Previous Owner Salloum Miriam $160,000
Previous Owner Nelson Karl $146,700
Previous Owner Johnston Elizabeth Coward $106,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2021 03/10/21 Sold $465,000 -1.1% $164 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $470,000 0.0% $166 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
12/04/2020 12/04/20 For Sale $470,000 -- $166 / 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
2025 $3,758 $405,400 $70,000 $335,400
2024 $3,758 $405,400 $70,000 $335,400
2023 $3,758 $405,400 $70,000 $335,400
2022 $3,612 $405,400 $0 $0
2021 $3,264 $366,300 $0 $0
2020 $3,039 $317,300 $0 $0
2019 $3,039 $317,300 $0 $0
2018 $3,039 $317,300 $0 $0
2017 $3,071 $246,200 $0 $0
2016 $2,657 $246,200 $0 $0
2015 $2,657 $246,200 $0 $0
2014 $2,620 $246,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3687780

Canopy MLS (Canopy Realtor® Association)

APN: 9656-49-8644-00000