NOT LISTED FOR SALE

12 Lake Wood Ave Black Mountain, NC 28711

Estimated Value: $855,000 - $1,299,000

3 Beds
3.5 Baths
2,965 Sq Ft
$353/Sq Ft Est. Value

Last Sold March 20, 2020

Last sale price $645,000 $218 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,962/month

68 Days on Market

Highlights

  • Gated Community
  • Post and Beam
  • Whirlpool Bathtub
  • Open Floorplan
  • Wood Flooring
  • Skylights

About This Home

As of March 2020

This home has everything you're looking for in a mountain retreat: Timber Frame construction, lake AND mountain views, privacy, & flat driveway & parking! Spectacular views of Burnette Reservoir (Asheville Watershed); the protected land ensures the views will remain unspoiled. Interior features an open floorplan & floor-to-ceiling stone fireplace, along with lots of glass for natural light. Bonus room & office in daylight basement, 2 guest BR's upstairs with full bath. Per previous owner, fireplace was built to be wood-burning or (currently gas). Furnishings negotiable. Because of the views, the privacy, the ample parking, the rustic style, and the proximity to downtown Black Mountain, this home has the potential to be one of the most profitable vacation rentals in the Black Mountain area! Home was previously on well water but is now connected to Laurel Ridge community water system.

Last Agent to Sell the Property

Scott Russell

Howard Hanna Beverly-Hanks Freestone Properties License #246481 Listed on: 11/13/2019

Last Buyer's Agent

Adam Johnson

GreyBeard Realty License #229610

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1997

Lot Details

  • 2.2

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Post and Beam
  • Rustic Architecture
  • Cabin

Interior Spaces

  • Open Floorplan
  • Skylights
  • Fireplace

Kitchen

  • Breakfast Bar
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Whirlpool Bathtub

Utilities

  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 0701-01-4725-00000

Community Details

Overview

  • Jerry Morris Association

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 1997

Lot Details

0

HOA Fees

$125 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Architectural Style: Cabin, Post and Beam, Rustic
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.92806
  • Ratio Close Price By Original Li: 0.94161
  • Ratio Current Price By Acre: 293181.82
  • Ratio Current Price By Sq Ft: 217.54
  • Year Built: 1997
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Fully Finished, Basement Garage Door, Basement Inside Entrance, Basement Outside Entrance
  • Upper Level Sq Ft: 797
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Range, Refrigerator, Electric Oven
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Fixture Exception Description: Furnishings Negotiable
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Kitchen Island, Open Floorplan, Pantry, Skylight(s), Vaulted Ceiling, Walk-In Closet(s), Whirlpool
  • Laundry Location: Basement, Laundry Room
  • Room Count: 3
  • Sq Ft Basement: 774
  • Main Level Sq Ft: 1394
  • Total Sq Ft: 2965

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Basement, Driveway, Garage - 2 Car, Parking Space - 4+

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Propane
  • Sewer: Septic Installed
  • Water Heater: Propane

Condo/Co-op/Association

  • Community Features: Gated Community
  • Association Fee: 1500.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Jerry Morris
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Features: Long Range View, Mountain View, Water view, Year Round View
  • Lot Size Area: 2.200
  • Parcel Number: 0701-01-4725-00000
  • Plat Book Slide: 62 @ 20
  • Plat Reference Section Pages: 1276-1278
  • Zoning Specification: OU

Tax Info

  • Tax Value: 414400.00
  • Tax Amount Ncm: 2913.00
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2019
Closed on
Mar 16, 2020
Sold by
Perez Cecilio and Bendana Ana M
Bought by
Littlejohn Joshua C and Littlejohn Amanda J
Seller's Agent
Scott Russell
Howard Hanna Beverly-Hanks Freestone Properties
Buyer's Agent
Adam Johnson
GreyBeard Realty
List Price
$685,000
Sold Price
$645,000
Premium/Discount to List
-$40,000
-5.84%
Current Estimated Value
$1,047,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$402,929
Avg. Annual Appreciation
9.23%
Original Mortgage
$516,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2006
Sold by
Hood Duane and Hood Betty
Bought by
Perez Cecilio and Bendana Ana M

Purchase Details

Closed on
Apr 24, 2006
Sold by
Hood Duane E and Hood Betty C
Bought by
Hood Duane and Hood Betty
Source: Public Records

Range of Values:

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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
Littlejohn Joshua C $645,000 None Available
Perez Cecilio $625,000 None Available
Hood Duane -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Littlejohn Joshua C $507,600
Closed Littlejohn Joshua C $516,000
Previous Owner Hood Duane E $100,000
Closed Hood Duane $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2020 03/20/20 Sold $645,000 -7.2% $218 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
11/13/2019 11/13/19 Price Changed $695,000 +1.5% $234 / Sq Ft
11/13/2019 11/13/19 For Sale $685,000 -- $231 / 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 $3,641 $583,100 $115,500 $467,600
2023 $3,641 $583,100 $115,500 $467,600
2022 $3,469 $583,100 $0 $0
2021 $3,469 $583,100 $0 $0
2020 $3,294 $507,500 $0 $0
2019 $3,294 $507,500 $0 $0
2018 $3,294 $507,500 $0 $0
2017 $3,238 $414,400 $0 $0
2016 $2,913 $414,400 $0 $0
2015 $2,913 $414,400 $0 $0
2014 $2,913 $414,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3566940

Canopy MLS (Canopy Realtor® Association)

APN: 0701-01-4725-00000