NOT LISTED FOR SALE

124 Old Lakey Gap Rd Black Mountain, NC 28711

Estimated Value: $782,000 - $1,410,000

0.98 Acre
$1,193,259 Price per Acre
42,689 Sq Ft Lot

Last Sold August 28, 2012

Last sale price $146,900

Est. 696% increase in value since last sale

Current estimated payment $6,676/month

300 Days on Market

About This Lot

As of August 2012

Don't miss! MUST SEE property!! Awesome views of the Seven Sister's mountain range from this absolutely beautiful easy to build, flat lot. If you are searching for a property to build your full-time residence or vacation dream home this lot is perfect. Located just minutes from Cheshire Village, Cheshire Fitness & Tennis Center, shopping, schools and downtown Black Mountain.

Last Agent to Sell the Property

Kathy Begley

GreyBeard Realty License #229578 Listed on: 10/03/2011

Last Buyer's Agent

Joan Weaver

Keller Williams - Black Mtn. License #112667

Keller Williams - Black Mtn.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,512

Lot Details

  • Level Lot
  • Wooded Lot
  • Many Trees

Listing and Financial Details

  • Assessor Parcel Number 0619-20-3315-00000

Property Details

Property Type

Land

Est. Annual Taxes

$6,512

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Ratio Close Price By List Price: 0.86463
  • Ratio Close Price By Original Li: 0.75333
  • Ratio Current Price By Acre: 149897.96
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Publically Maintained Road: Yes

Utilities

  • Sewer: City Sewer
  • Water: City Water

Schools

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

Lot Info

  • Lot Features: Level, Mountain View, Paved Frontage, Trees, Winter View, Wooded, Year Round View
  • Lot Size Area: 0.980
  • Parcel Number: 0619-20-3315-00000
  • Zoning Specification: R-20
  • Plat Reference Section Pages: 1593

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2011
Closed on
Aug 28, 2012
Sold by
Williams Price E and Williams Betty
Bought by
Groves Nicole K and Groves Kleive
Seller's Agent
Kathy Begley
GreyBeard Realty
Buyer's Agent
Joan Weaver
Keller Williams - Black Mtn.
List Price
$195,000
Sold Price
$146,900
Premium/Discount to List
-$48,100
-24.67%
Current Estimated Value
$1,169,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,022,494
Avg. Annual Appreciation
17.07%
Original Mortgage
$99,750
Outstanding Balance
$68,711
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$1,100,683
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
Groves Nicole K $147,000 --
Kleive Mark A $147,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Groves Nicole K $99,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2012 08/28/12 Sold $146,900 -24.7% --
07/29/2012 07/29/12 Pending -- -- --
10/03/2011 10/03/11 For Sale $195,000 -- --
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
2025 $6,512 $776,500 $109,500 $667,000
2024 $6,512 $776,500 $109,500 $667,000
2023 $6,512 $776,500 $109,500 $667,000
2022 $6,165 $776,500 $0 $0
2021 $6,165 $776,500 $0 $0
2020 $5,436 $631,000 $0 $0
2019 $5,436 $631,000 $0 $0
2018 $5,436 $631,000 $0 $0
2017 $5,499 $602,700 $0 $0
2016 $5,900 $602,700 $0 $0
2015 $5,900 $602,700 $0 $0
2014 $5,900 $602,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM507546

Canopy MLS (Canopy Realtor® Association)

APN: 0619-20-3315-00000