NOT LISTED FOR SALE

116 Lake Dr Unit 148 Biltmore Lake, NC 28715

Estimated Value: $914,000 - $1,522,527

0.51 Acre
$2,461,043 Price per Acre
22,216 Sq Ft Lot

Last Sold October 25, 2012

Last sale price $185,000

Est. 578% increase in value since last sale

Current estimated payment $7,154/month

148 Days on Market

Highlights

  • Waterfront
  • Wooded Lot
  • Level Lot

About This Lot

As of October 2012

This level, wooded lakefront lot offers a rare opportunity to live on the water & have western mountain views. Build your dream house & hop on the adjacent trail for a short stroll to the Clubhouse, attend a community function, swim at the sandy beach, check out a canoe at the dock, hike around the lake, or hike the multitude of wooded trails. Wonderful neighborhood 12 minutes from Downtown Asheville. Topographic Survey Available.

Last Agent to Sell the Property

Barbara Baskerville

Howard Hanna Beverly-Hanks Asheville-Downtown License #15096 Listed on: 04/30/2012

Howard Hanna Beverly-Hanks Asheville-Downtown

Last Buyer's Agent

Sybil Riddle

Preferred Properties License #260298

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,691

Lot Details

  • Waterfront
  • Level Lot
  • Wooded Lot

Listing and Financial Details

  • Assessor Parcel Number 9616-38-5782-00000

Property Details

Property Type

Land

Est. Annual Taxes

$5,691

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Ratio Close Price By List Price: 0.78723
  • Ratio Close Price By Original Li: 0.78723
  • Ratio Current Price By Acre: 362745.10
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Publically Maintained Road: Yes

Utilities

  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • Association Fee: 1460.00

Schools

  • Middle School: Enka
  • High School: Enka

Lot Info

  • Lot Features: Mountain View, Waterfront, Level, Paved Frontage, Sloping, Natural Waterfall, Winter View, Wooded, Year Round View
  • Lot Size Area: 0.510
  • Parcel Number: 9616-38-5782-00000
  • Zoning Specification: RES
  • Plat Reference Section Pages: 4922

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2020
Sold by
Baruch Diane T
Bought by
Baruch Diane and Diane Baruch Living Trust
Current Estimated Value
$1,255,132

Purchase Details

Closed on
Dec 20, 2019
Sold by
Gouge Samuel Terry and Gouge Catherine Ann
Bought by
Baruch Diane T

Purchase Details

Listed on
Apr 30, 2012
Closed on
Oct 25, 2012
Sold by
Erwin R Michael and Erwin Virginia M
Bought by
Gouge Samuel Terry and Gouge Catherine Ann
Seller's Agent
Barbara Baskerville
Howard Hanna Beverly-Hanks Asheville-Downtown
Buyer's Agent
Sybil Riddle
Preferred Properties
List Price
$235,000
Sold Price
$185,000
Premium/Discount to List
-$50,000
-21.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.92%

Purchase Details

Closed on
Sep 28, 2011
Sold by
Morris Rosalie J and Morris Neil
Bought by
Erwin R Michael and Erwin Virginia M

Purchase Details

Closed on
Aug 11, 2007
Sold by
Action Systems Holding Co Llc
Bought by
Morris Rosalie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2005
Sold by
Battle Neil A and Edwards Gwen A
Bought by
Action Systems Holding Co Llc

Purchase Details

Closed on
Mar 19, 2004
Sold by
Massaro Emil and Massaro Nina
Bought by
Battle Neil A and Edwards Gwen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,696
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2002
Sold by
Biltmore Farms Inc
Bought by
Massaro Emil and Massaro Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.93%
Source: Public Records

Range of Values:

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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
Baruch Diane -- None Available
Baruch Diane T $199,000 None Available
Gouge Samuel Terry $185,000 None Available
Erwin R Michael $175,000 None Available
Morris Rosalie J $245,000 None Available
Action Systems Holding Co Llc $175,000 --
Battle Neil A $109,000 --
Massaro Emil $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morris Rosalie J $220,500
Previous Owner Battle Neil A $108,696
Previous Owner Massaro Emil $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2012 10/25/12 Sold $185,000 -21.3% --
09/25/2012 09/25/12 Pending -- -- --
04/30/2012 04/30/12 For Sale $235,000 -- --
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 $5,691 $892,500 $195,400 $697,100
2024 $5,691 $892,500 $195,400 $697,100
2023 $5,691 $977,300 $195,400 $781,900
2022 $1,159 $195,400 $0 $0
2021 $1,159 $195,400 $0 $0
2020 $1,108 $174,800 $0 $0
2019 $1,108 $174,800 $0 $0
2018 $1,082 $174,800 $0 $0
2017 $0 $174,800 $0 $0
2016 $1,213 $174,800 $0 $0
2015 $1,213 $174,800 $0 $0
2014 $1,213 $174,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM517959

Canopy MLS (Canopy Realtor® Association)

APN: 9616-38-5782-00000