NOT LISTED FOR SALE

1220 Bee Tree Rd Swannanoa, NC 28778

Estimated Value: $1,899,441

4 Beds
7.5 Baths
5,326 Sq Ft
$357/Sq Ft Est. Value

Last Sold May 03, 2019

Last sale price $1,175,000 $221 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $12,169/month

142 Days on Market

Highlights

  • Private Lot
  • Traditional Architecture
  • Attic
  • Wooded Lot
  • Wood Flooring
  • Circular Driveway

About This Home

As of May 2019

Elegant homestead set amidst nearly 40 acres of rolling hills with glorious views of the Blue Ridge Mountains and overlooking stocked ponds. Originally operated as an apple orchard in the early 1900's, this southern, elegant estate home has been lovingly cared for and tastefully updated with a neutral, soft palette, timber beamed ceilings, large picture windows, modern baths and a refined kitchen. Enjoy stunning views of the surrounding mountains, private ponds or expansive pasture from nearly every room. Sprawling rooms and spaces can accommodate many guests or large families. Continue using the home as a private estate- or easily convert it into a stunning wedding venue, B&B, working farm or equestrian estate. Located just 15 minutes to vibrant downtown Asheville or quaint downtown Black Mountain and convenient to grocery, shopping and entertainment. Possible development opportunity. Separate guest home & additional garage on site.

Last Agent to Sell the Property

Brian Etheridge

Premier Sotheby’s International Realty License #241454 Listed on: 07/16/2018

Premier Sotheby’s International Realty

Co-Listed By

Greg Palombi

The Real Estate Center License #A4077

Last Buyer's Agent

Jon Sarver

Sarver Realty Group, LLC License #C16128

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • Home fronts a stream
  • Private Lot
  • Level Lot
  • Open Lot
  • Wooded Lot
  • Many Trees

Parking

  • Circular Driveway
  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • Fireplace
  • Window Treatments
  • Attic

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Additional Features

  • Pasture
  • Well

Listing and Financial Details

  • Assessor Parcel Number 9780-72-7824-00000

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 3 Story/Basement
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.90734
  • Ratio Close Price By Original Li: 0.79661
  • Ratio Current Price By Acre: 29664.23
  • Ratio Current Price By Sq Ft: 220.62
  • Year Built: 1900
  • Special Features: None
  • Stories: 3

Interior Features

  • Foundation Details: Basement Outside Entrance, Basement Partially Finished
  • Upper Level Sq Ft: 1880
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bathrooms: 8.00
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Dryer, Dishwasher, Gas Range, Microwave, Refrigerator, Security System, Trash Compactor, Washer, Generator, Gas Oven
  • Fireplace Description: Great Room, Wood burning w/Gas Starter
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Attic Walk-in, Pantry, Vaulted Ceiling, Walk-In Closet(s), Window Treatments, Walk-In Pantry
  • Laundry Location: Main, Laundry Room
  • Room Count: 4
  • Second Living Quarters: Guest House
  • Second Living Quarters Hla: 1033
  • Sq Ft Basement: 500
  • Main Level Sq Ft: 2502
  • Third Level Sq Ft: 444
  • Total Sq Ft: 5326

Exterior Features

  • Construction: Hardboard Siding, Vinyl, Wood
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Circular, Concrete, Gravel
  • Parking: Back Load Garage, Driveway, Garage - 2 Car, Garage Door Opener, Keypad Entry, Parking Space - 4+

Utilities

  • Heating: Ductless/Mini-Split System, Heat Pump - AC, Heat Pump - Heat, Oil Floor Furnace
  • Sewer: Septic Tank
  • Water: City Water, Well
  • Water Heater: Electric

Schools

  • Elementary School: WD Williams
  • Middle School: Charles D Owen
  • High School: Charles D Owen

Lot Info

  • Lot Features: Mountain View, Water view, Level, Open Lot, Pasture, Paved Frontage, Lake, Private, Sloping, Stream/Creek, Trees, Views, Wooded
  • Lot Size Area: 39.610
  • Parcel Number: 9780-72-7824-00000
  • Plat Book Slide: 0064 / 0087
  • Zoning Specification: OU

Tax Info

  • Tax Value: 767100.00
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2018
Closed on
May 1, 2019
Sold by
Dru Agnes R
Bought by
The Learning Community Inc
Seller's Agent
Brian Etheridge
Premier Sotheby’s International Realty
Buyer's Agent
Jon Sarver
Sarver Realty Group, LLC
List Price
$1,475,000
Sold Price
$1,175,000
Premium/Discount to List
-$300,000
-20.34%
Current Estimated Value
$1,899,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$724,441
Avg. Annual Appreciation
7.84%
Original Mortgage
$881,250
Interest Rate
4.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 4, 2016
Sold by
Victor Dru International Inc
Bought by
Dru Agnes R

Purchase Details

Closed on
Dec 15, 1999
Sold by
Brewer James T and Brewer Helene K
Bought by
Victor Dru International Inc

Purchase Details

Closed on
Mar 2, 1993
Bought by
Dru Agnes
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
The Learning Community Inc $1,175,000 None Available
Dru Agnes R -- None Available
Victor Dru International Inc $75,000 --
Dru Agnes -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Learning Community Inc $1,743,400
Closed The Learning Community Inc $986,500
Closed The Learning Community Inc $550,000
Closed The Learning Community Inc $95,000
Closed The Learning Community Inc $881,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2019 05/03/19 Sold $1,175,000 -9.3% $221 / Sq Ft
12/05/2018 12/05/18 Pending -- -- --
08/31/2018 08/31/18 Price Changed $1,295,000 -12.2% $243 / Sq Ft
07/16/2018 07/16/18 For Sale $1,475,000 -- $277 / 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 -- $1,608,200 $393,300 $1,214,900
2023 -- $1,608,200 $393,300 $1,214,900
2022 -- $1,608,200 $393,300 $1,214,900
2021 $7,625 $1,608,200 $0 $0
2020 $7,625 $1,139,700 $0 $0
2019 $5,132 $767,100 $0 $0
2018 $5,132 $767,100 $0 $0
2017 $5,124 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3412934

Canopy MLS (Canopy Realtor® Association)

APN: 9780-72-7824-00000