NOT LISTED FOR SALE

12 River Run Unit 5R Asheville, NC 28804

Estimated Value: $237,000 - $305,000

0.19 Acre
$1,408,847 Price per Acre
8,276 Sq Ft Lot

Last Sold May 11, 2022

Last sale price $235,000

Est. 17% increase in value since last sale

Current estimated payment $1,816/month

129 Days on Market

Highlights

  • Covered Dock
  • Recreation Facilities
  • Trails
  • West Buncombe Elementary Rated A-
  • Front Green Space
  • Level Lot

About This Lot

As of May 2022

Just 6.9 miles to downtown Asheville, the Olivette agrihood is a 366-acre planned community featuring a riverfront park along the French Broad River. The heart of Olivette is a fully operational 4-season organic farm offering a CSA, farm stand, tailgate markets & other farm-centric activities. Connections to food, nature, community & the arts are essential concepts of our design. Residents enjoy access to miles of hiking trails, community gardens, orchards, a large private river island with pavilion & fireplace, fire circle amphitheater, suspended bridge to a private island, walking labyrinth, & dog park. 
Community infrastructure includes fiberoptic cable, underground utilities, city water & sewer, and state-maintained roads. 
Buyers can choose their builder, subject to architectural review guidelines (geothermal heating and cooling, a HERS (Home Energy Rating System) score of 55 or better required). We encourage other green building practices such as passive & active solar design.

Last Agent to Sell the Property

Allison Smith

Olivette Realty LLC License #236436 Listed on: 07/05/2021

Last Buyer's Agent

Allison Smith

Olivette Realty LLC License #236436 Listed on: 07/05/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,604

Lot Details

  • Property fronts a state road
  • Front Green Space
  • Level Lot
  • Possible uses of the property include Residential
  • Zoning described as MV

HOA Fees

  • $175 Monthly HOA Fees

Schools

  • West Buncombe/Eblen Elementary School
  • Clyde A Erwin Middle School
  • Clyde A Erwin High School

Utilities

  • Underground Utilities
  • Fiber Optics Available

Listing and Financial Details

  • Assessor Parcel Number 972163839
  • Tax Block 0112

Community Details

Overview

  • Olivette Subdivision
  • Mandatory home owners association

Recreation

  • Recreation Facilities
  • Trails
  • Covered Dock

Property Details

Property Type

Land

Est. Annual Taxes

$1,604

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: No
  • Ratio Current Price By Acre: 1236842.11
  • Restrictions: Architectural Review,Livestock Restriction,Manufactured Home Not Allowed,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Additional Information: Perc Report
  • Road Frontage Type: Paved Road, State Road
  • Structure Type: Lot
  • ResoPropertyType: Land
  • Special Features: VirtualTour

Interior Features

  • Fixture Exception Yn: 0
  • Possible Use: Residential

Exterior Features

  • Exterior Features: Other
  • Tax Location: Woodfin
  • Construction Type: Site Built
  • Water Body Name: French Broad River
  • Waterfront Features: Covered structure
  • Waterfront Elevation: 1500

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Fiber Optics, Telephone On-Site, Underground Utilities, Other
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Recreation Area, Walking Trails, Other
  • Association Fee: 175
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: Clyde A Erwin
  • HOA Subject To: Required

Lot Info

  • Lot Features: Green Area, Level, Long Range View, Mountain View, River Front, Year Round View
  • Lot Size Area: 0.19
  • Lot Size Units: Acres
  • Parcel Number: 972163839
  • Out Buildings Yn: 0
  • Plat Book Slide: 0209
  • Can Be Subdivided: 0
  • Plat Reference Section Pages: 0209/0112
  • Lot Size: per plat
  • Zoning Description: MV

Tax Info

  • Tax Block: 0112
  • RATIO List Price By Tax Amount: 3.76176

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: West Buncombe/Eblen
  • High School: Clyde A Erwin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2025
Sold by
Goodrich Stacey Stone and Dean Davis Tommy
Bought by
Davis Tommy Dean and Davis Stacey Stone
Current Estimated Value
$275,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Outstanding Balance
$610,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
-$335,423

Purchase Details

Listed on
Jul 5, 2021
Closed on
May 6, 2022
Sold by
Bridges At French Broad Llc
Bought by
Davis Tommy Dean and Goodrich Stacey Stone
Seller's Agent
Allison Smith
Olivette Realty LLC
Buyer's Agent
Allison Smith
Olivette Realty LLC
List Price
$225,000
Sold Price
$235,000
Premium/Discount to List
$10,000
4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.91%
Original Mortgage
$188,000
Interest Rate
4.52%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Davis Tommy Dean -- None Listed On Document
Davis Tommy Dean $235,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Tommy Dean $610,000
Previous Owner Davis Tommy Dean $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2022 05/11/22 Sold $235,000 -2.1% --
03/08/2022 03/08/22 Price Changed $240,000 +6.7% --
01/05/2022 01/05/22 For Sale $225,000 0.0% --
11/11/2021 11/11/21 Pending -- -- --
07/30/2021 07/30/21 Price Changed $225,000 +4.7% --
07/05/2021 07/05/21 For Sale $215,000 -- --
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
2023 $1,604 $163,200 $163,200 $0
2022 $1,555 $163,200 $0 $0
2021 $1,555 $163,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3670583

Canopy MLS (Canopy Realtor® Association)

APN: 9721-63-8390-00000