NOT LISTED FOR SALE

118 & 120 W College St Black Mountain, NC 28711

Estimated Value: $396,000 - $440,872

5 Beds
5 Baths
2,344 Sq Ft
$178/Sq Ft Est. Value

Last Sold December 20, 2022

Last sale price $845,000 $360 Per Sq Ft

Current estimated payment $2,459/month

85 Days on Market

Highlights

  • Deck
  • Patio
  • Shed
  • Wood Flooring
  • Laundry Room
  • Fire Pit

About This Home

As of December 2022

Two homes within walking distance of downtown Black Mountain and Lake Tomahawk. 118 is currently used as a Short Term Rental. Open floor plan allows for a much larger feel to the house than the measured space. Main living space highlighted by beautiful hickory wood floors. Open kitchen shows off beautiful tile work and magnificent breakfast bar. Two bedroom and two bathroom layout. One bedroom features loft w/additional bed. Large fenced backyard w/deck & beautiful privacy fence. 120 features a sun drenched living room w/large windows to showcase all seasons. Winter view of High Top Mountain. Beautifully crafted wood ceilings, breakfast bar & dining area. The kitchen features hand-made wormy maple cabinets. Upper level features 3 bedrooms & 2 full baths. Enjoy the wonderful outdoor entertainment area, dining space & patio w/private
backyard space & fire pit area. Small potting shed & large storage building offer tons of room for your yard
implements and recreational storage needs.

Last Agent to Sell the Property

Casey Conner

Nest Realty Asheville License #302100 Listed on: 09/25/2022

Nest Realty Asheville

Last Buyer's Agent

Kelsey Varga

COMPASS License #316639

COMPASS

Property Details

Home Type

  • Multi-Family

Lot Details

  • Fenced

Parking

  • Driveway

Home Design

  • Wood Siding
  • Cedar

Interior Spaces

  • 2,344 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Fire Pit
  • Shed
  • Pergola

Schools

  • Black Mountain Elementary School
  • Charles D Owen Middle School
  • Charles D Owen High School

Utilities

  • Central Heating
  • Heat Pump System

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes all utilities
  • Assessor Parcel Number 0609-94-2551-00000

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Year Built: 9999
  • Ratio Current Price By Acre: 2485294.12
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Dirt, Gravel
  • Structure Type: Other
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Sq Ft Unheated Basement: 0
  • Porch: Back,Deck,Patio
  • Room Other: Bathroom(s),Bedroom(s),Laundry
  • Appliances: Ceiling Fan(s), Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Living Room, Wood Burning
  • Living Area: 2344
  • Full Bathrooms: 3
  • Half Bathrooms: 0
  • Total Bedrooms: 3
  • Total Sq Ft: 1382
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 944

Exterior Features

  • Exterior Features: Fence, Fire Pit, Packing Shed, Pergola, Shed(s)
  • New Construction: No
  • Tax Location: Black Mountain
  • Construction Type: Site Built
  • Property Features: Dishwasher,Disposal,Fireplace,Porch/Patio,Range/Oven,Refrigerator
  • Construction Type: Cedar, Wood Siding, Other

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Schools

  • Middle Or Junior School: Charles D Owen
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.34
  • Lot Size Units: Acres
  • Parcel Number: 0609-94-2551-00000
  • Plat Book Slide: 131/8
  • Plat Reference Section Pages: 131/8
  • Additional Parcels Description: 0609-94-3521-00000
  • Zoning Description: R-10
  • ResoLotSizeUnits: Acres

Rental Info

  • Rent Includes: All Utilities
  • Tenant Pays: None
  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 0.88500

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 2

MLS Schools

  • Elementary School: Black Mountain
  • High School: Charles D Owen

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2022
Closed on
Nov 21, 2022
Sold by
Stephenson Jonathan R and Stephenson Kelly G
Bought by
Alvarez Lorena A
Seller's Agent
Casey Conner
Nest Realty Asheville
Buyer's Agent
Kelsey Varga
COMPASS
List Price
$885,000
Sold Price
$845,000
Premium/Discount to List
-$40,000
-4.52%
Views
13
Current Estimated Value
$416,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$428,532
Avg. Annual Appreciation
-23.20%
Original Mortgage
$189,750
Outstanding Balance
$184,190
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$232,278

Purchase Details

Closed on
Mar 21, 2006
Sold by
Mcgee John Patrick and Cote Monique Andrea
Bought by
Stephenson Jonathan R and Stephenson Kelly G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,800
Interest Rate
6.19%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 21, 2000
Sold by
Torgerson Daniel A
Bought by
Mcgee John Patrick and Cote Monique Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,900
Interest Rate
7.25%
Mortgage Type
Unknown
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
Alvarez Lorena A $345,000 --
Stephenson Jonathan R $151,000 None Available
Mcgee John Patrick $71,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Lorena A $189,750
Previous Owner Stephenson Jonathan R $138,700
Previous Owner Stephenson Jonathan R $130,500
Previous Owner Stephenson Jonathan R $120,800
Previous Owner Torgerson Daniel A $92,800
Previous Owner Mcgee John Patrick $63,900
Previous Owner Torgerson Daniel A $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2022 12/20/22 Sold $845,000 -4.5% $360 / Sq Ft
09/25/2022 09/25/22 For Sale $885,000 -- $378 / 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
2024 -- $284,700 $71,100 $213,600
2023 $2,332 $284,700 $71,100 $213,600
2022 $1,962 $247,100 $0 $0
2021 $1,962 $247,100 $0 $0
2020 $1,316 $152,700 $0 $0
2019 $1,316 $152,700 $0 $0
2018 $1,316 $152,700 $0 $0
2017 $1,190 $111,700 $0 $0
2016 $1,203 $111,700 $0 $0
2015 $1,100 $111,700 $0 $0
2014 $1,100 $111,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3906892

Canopy MLS (Canopy Realtor® Association)

APN: 0609-94-2551-00000