NOT LISTED FOR SALE

111 Meadow Lake Rd Asheville, NC 28803

Estimated Value: $596,000 - $661,000

3 Beds
2.5 Baths
1,845 Sq Ft
$336/Sq Ft Est. Value

Last Sold June 21, 2022

Last sale price $580,420 $315 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,586/month

4 Days on Market

Highlights

  • Deck
  • Pond
  • Traditional Architecture
  • T.C. Roberson High School Rated A
  • Wooded Lot
  • Wood Flooring

About This Home

As of June 2022

You do not want to miss this beautiful home in the heart of Asheville's desirable Forest Lake neighborhood! Lovingly updated by the sellers, this comfortable 2-story home features fresh paint, new interior & exterior lighting, gorgeous cherrywood flooring throughout the main, a stunning full renovation of the bathrooms, and much more! (Upgrades sheet in the attachments). Enjoy the view of nearby ridges and the sights and sounds of the neighborhood on the rocking chair-ready covered front porch. Choose to dine in either the tasteful dining room, breakfast nook w/ custom banquette seating, or surrounded by nature on the outdoor patio. Curl up by the wood-burning fireplace with friends and family or strike out into the neighborhood to enjoy the community pond, new playground, and walking trails that will lead you directly onto the nearby Mountains to Sea Trail! Only 8 miles from the heart of downtown Asheville, it doesn't get much better than this.

Last Agent to Sell the Property

Dusty Allison

Premier Sotheby’s International Realty License #304562 Listed on: 05/06/2022

Premier Sotheby’s International Realty

Last Buyer's Agent

Sharon Henady

Tessier Associates License #283559

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,469

Year Built

  • Built in 1991

Lot Details

  • Fenced
  • Paved or Partially Paved Lot
  • Sloped Lot
  • Wooded Lot
  • Zoning described as RS4

HOA Fees

  • $23 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • Bar Fridge
  • Tray Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Crawl Space
  • Carbon Monoxide Detectors

Kitchen

  • Walk-In Pantry
  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • Attached Garage
  • Driveway

Outdoor Features

  • Pond
  • Deck
  • Covered Patio or Porch

Schools

  • Estes/Koontz Elementary School
  • Valley Springs Middle School
  • T.C. Roberson High School

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9656-48-8291-00000

Community Details

Overview

  • Forest Lake Subdivision
  • Mandatory home owners association

Recreation

  • Community Playground
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,469

Year Built

Built in 1991

Lot Details

0

HOA Fees

$23 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1991
  • Ratio Current Price By Acre: 2149703.70
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Cable Available, Pantry, Skylight(s), Tray Ceiling, Walk-In Closet(s), Walk-In Pantry
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1011
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 834
  • Porch: Back,Covered,Deck,Front,Patio
  • Appliances: Bar Fridge, Cable Prewire, Ceiling Fan(s), CO Detector, Dishwasher, Disposal, Gas Dryer Hookup, Gas Oven, Gas Range, Microwave, Natural Gas, Oven, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Wood Burning
  • Living Area: 1845
  • Full Bathrooms: 0
  • Total Bedrooms: 0
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Fence, Underground Power Lines
  • New Construction: No
  • Roof: Composition
  • Tax Location: Asheville
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Attached Garage, Driveway, Garage - 2 Car

Utilities

  • Heating: Central, Natural Gas
  • Sewer: Public Sewer, Other
  • Water Heater: Natural Gas
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Playground, Pond, Street Lights, Walking Trails
  • Association Fee: 275
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Valley Springs
  • HOA Subject To: Required

Lot Info

  • Lot Features: Mountain View, Paved, Sloped, Wooded, Views
  • Lot Size Units: Acres
  • Parcel Number: 9656-48-8291-00000
  • Zoning Description: RS4

Tax Info

  • RATIO List Price By Tax Amount: 1.53621

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Estes/Koontz
  • High School: T.C. Roberson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2013
Closed on
Feb 10, 2014
Sold by
Brown Sandra V
Bought by
White Robert E and White Vera K
Seller's Agent
Steve Holland
Carolina Homes & Nature
Buyer's Agent
Lynn Phillips
Coldwell Banker Advantage
List Price
$232,000
Sold Price
$222,000
Premium/Discount to List
-$10,000
-4.31%
Current Estimated Value
$619,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,982
Avg. Annual Appreciation
9.10%
Original Mortgage
$50,000
Outstanding Balance
$14,554
Interest Rate
4.56%
Mortgage Type
New Conventional
Estimated Equity
$605,428

Purchase Details

Closed on
Dec 3, 2004
Sold by
Patel Dilip K and Patel Gitaben
Bought by
Brown James R and Brown Sandra V

Purchase Details

Closed on
Jan 8, 1999
Sold by
Arvik Darrell D and Arvik Terisa V
Bought by
Patel Dilip K and Patel Gitaben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 1, 1997
Sold by
Cianca Paul B
Bought by
Arvik and Arvik
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
White Robert E $222,000 None Available
Brown James R $208,000 --
Patel Dilip K $160,000 --
Arvik $160,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White Robert E $50,000
Previous Owner Patel Dilip K $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2022 06/21/22 Sold $580,420 +16.4% $315 / Sq Ft
05/10/2022 05/10/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $498,500 +124.5% $270 / Sq Ft
02/14/2014 02/14/14 Sold $222,000 -4.3% $121 / Sq Ft View Prior Sale
01/15/2014 01/15/14 Pending -- -- --
09/02/2013 09/02/13 For Sale $232,000 -- $127 / 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 $3,469 $374,300 $72,100 $302,200
2024 $3,469 $374,300 $72,100 $302,200
2023 $3,469 $374,300 $72,100 $302,200
2022 $2,891 $324,500 $0 $0
2021 $2,891 $324,500 $0 $0
2020 $2,707 $282,600 $0 $0
2019 $2,707 $282,600 $0 $0
2018 $2,707 $282,600 $0 $0
2017 $2,735 $215,900 $0 $0
2016 $2,330 $215,900 $0 $0
2015 $2,330 $215,900 $0 $0
2014 $2,297 $215,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3856982

Canopy MLS (Canopy Realtor® Association)

APN: 9656-48-8291-00000