NOT LISTED FOR SALE

121 Oak Terrace Arden, NC 28704

Estimated Value: $441,000 - $566,000

3 Beds
3 Baths
2,100 Sq Ft
$233/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $415,000 $198 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,913/month

11 Days on Market

Highlights

  • Wooded Lot
  • Wood Flooring
  • Screened Porch
  • Glen Arden Elementary School Rated A-
  • No HOA
  • Walk-In Closet

About This Home

As of October 2021

This stunning renovated 1994 home is on a large lot in the highly desirable Royal Pines neighborhood with mature trees, hiking trails close by, a short distance to downtown, Biltmore Park & shopping. A large covered front porch leads to an open great room with wood-burning fireplace. Updated kitchen with concrete counter tops, stainless steel appliances, and natural wood slab bar. 3 bedrooms and 2 baths on main level with hardwood floors throughout. Lower level offers a huge flex space with a full bathroom, which has excellent investment potential for AirBnb, renting, or otherwise. A large finished bonus room connects to a walk in cedar lined closet. Finished garage makes the perfect home gym with rubber flooring. Screened in patio off of the kitchen leads to an enormous landscaped back yard that is fully fenced with mountain views and a charming shed, like new AC unit, and brand new architectural roof. Gravel parking area at front of the house in addition to a concrete drive way.

Last Agent to Sell the Property

Katherine Lawing

Lantern Realty & Development Brokerage Email: klawingrealtor@gmail.com License #278966 Listed on: 09/04/2021

Last Buyer's Agent

Tiffanie Robertson

Agent Group Realty LLC License #302733

Agent Group Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,945

Year Built

  • Built in 1994

Lot Details

  • 0.28 Acre Lot
  • Fenced
  • Paved or Partially Paved Lot
  • Level Lot
  • Cleared Lot
  • Wooded Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Screened Porch
  • Finished Basement
  • Interior and Exterior Basement Entry

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Parking

  • Driveway
  • On-Street Parking

Outdoor Features

  • Shed

Schools

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

Utilities

  • Heat Pump System
  • Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Royal Pines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 965476140400000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,945

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1994
  • Restrictions: No Restrictions
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 197.62
  • Attribution Contact: klawingrealtor@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Cable Prewire, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1050
  • 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: 0
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Water Heater, Microwave, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 1050
  • Has Basement: Exterior Entry, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1050
  • Fireplace Features: Family Room, Wood Burning
  • Living Area: 2100
  • Bedroom Main: 3
  • Room Count: 10
  • Sq Ft Other: 0
  • Bedroom Basement: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Fenced
  • Exclusions: Sonos speakers (throughout the house) 2 mirrors and Rouge Rack in workout area, refrigerator in lower level
  • Construction Type: Vinyl
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered, Screened, Side Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway, On Street

Utilities

  • Sewer: Public Sewer
  • Laundry Features: In Basement
  • Cooling: Heat Pump
  • Utilities: Cable Available
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Valley Springs
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Level, Paved, Wooded, Views
  • Lot Size Area: 0.28
  • Lot Size Units: Acres
  • Parcel Number: 965476140400000
  • Zoning: RES
  • Plat Book Slide: 113/108
  • Plat Reference Section Pages: 113-108
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12196
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-1

MLS Schools

  • Elementary School: Glen Arden/Koontz
  • High School: T.C. Roberson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2021
Closed on
Oct 11, 2021
Sold by
Appelt Ariel S and Appelt Alex W
Bought by
Hedlund Scott C and Hedlund Mary
Seller's Agent
Katherine Lawing
Lantern Realty & Development
Buyer's Agent
Tiffanie Robertson
Agent Group Realty LLC
List Price
$395,000
Sold Price
$415,000
Premium/Discount to List
$20,000
5.06%
Current Estimated Value
$502,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,397
Avg. Annual Appreciation
4.73%
Original Mortgage
$373,500
Outstanding Balance
$344,271
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$151,285

Purchase Details

Closed on
May 25, 2017
Sold by
Brodbeck Josey Douglas M and Brodbeck Josey Teresa
Bought by
Appelt Alex W and Sanders Ariel B

Purchase Details

Closed on
Mar 8, 2017
Sold by
Brodbeck Jossey Douglas M and Brodbeck Josey Teresa
Bought by
Appelt Alex W and Appelt Ariel Sanders

Purchase Details

Closed on
May 5, 2006
Sold by
Morris Brian H and Hallman Morris Cynthia L
Bought by
Westfeldt Thomas D

Purchase Details

Closed on
Aug 21, 1998
Sold by
Seibert Stacy L
Bought by
Morris Brian H and Hallman Morris Cynthia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Interest Rate
6.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Hedlund Scott C $415,000 Timios Inc
Appelt Alex W $3,500 None Available
Appelt Alex W -- None Available
Westfeldt Thomas D $209,500 None Available
Morris Brian H $122,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hedlund Scott C $373,500
Previous Owner Appelt Alex W $190,000
Previous Owner Morris Brian H $20,000
Previous Owner Morris Brian H $125,100
Previous Owner Morris Brian H $125,100
Previous Owner Morris Brian H $6,850
Previous Owner Morris Brian H $115,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $415,000 +5.1% $198 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $395,000 0.0% $188 / Sq Ft
09/05/2021 09/05/21 Pending -- -- --
09/04/2021 09/04/21 For Sale $395,000 +83.7% $188 / Sq Ft
05/13/2015 05/13/15 Sold $215,000 -2.3% $119 / Sq Ft
04/13/2015 04/13/15 Pending -- -- --
03/23/2015 03/23/15 For Sale $220,000 -- $122 / 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
2023 $1,945 $303,600 $55,400 $248,200
2022 $1,779 $303,600 $0 $0
2021 $1,555 $265,300 $0 $0
2020 $1,315 $208,700 $0 $0
2019 $1,315 $208,700 $0 $0
2018 $1,315 $208,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3771771

Canopy MLS (Canopy Realtor® Association)

APN: 9654-76-1404-00000