NOT LISTED FOR SALE

Estimated Value: $993,000 - $1,258,000

17 Beds
10.5 Baths
10,722 Sq Ft
$105/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2023

Last sale price $2,100,000 $196 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $6,829 / mo

17 Days on Market

Highlights

  • Water Views
  • Deck
  • Wood Flooring
  • West Buncombe Elementary School Rated A-
  • Arts and Crafts Architecture
  • Great Room

About This Home

As of June 2023

A discerning investor will be impressed by this opportunity to add almost 7 acres of gorgeous mountain property with 5 separate parcels and 3 large residences to their portfolio. So many advantages to this hands-off, low-maintenance investment. Ideal location, NNN lease, expansive French Broad River and Mountain Views, high-end single-family residences, future value add potential, 2 possible build sites on additional PINS. Find all of this in an incredible Asheville location just a short drive to the heart of downtown. Tax advantages; in an opportunity zone. A reputable long-term NNN tenant is in place with options through May 2033. Tenants express interest in discussing the option to renew with the new landlord. This sober living investment is safe and stable with the potential for future growth. Expand your horizons and land in the bosom of the blue ridge mountains for your next dream investment. Up the road from Silverline Park. Cap Rate: 6.39%. Inspection report available.

Last Agent to Sell the Property

Alexandra Schrank

RE/MAX Executive License #284025 Listed on: 03/27/2023

RE/MAX Executive

Last Buyer's Agent

Heather Frank

RE/MAX Executive License #324572

RE/MAX Executive

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 6.72

Property Views

  • Water
  • Mountain

Home Design

  • Triplex
  • Arts and Crafts Architecture
  • Slab Foundation
  • Four Sided Brick Exterior Elevation
  • Hardboard

Interior Spaces

  • 10,722 Sq Ft Home
  • Property has 2 Levels
  • Wired For Data
  • Ceiling Fan
  • Great Room
  • Living Room
  • Dining Room
  • Home Office
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 17 Bedrooms

Laundry

  • Laundry in Mud Room
  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Crawl Space

Parking

  • Garage
  • Driveway
  • Parking Lot

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed
  • Outbuilding

Schools

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

Utilities

  • Central Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, exterior maintenance, gas, outdoor lighting, trash collection, water
  • Assessor Parcel Number 973000954800000

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

6.72 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Architectural Style: Arts and Crafts
  • Year Built: 1988
  • Road Surface Type: Concrete, Gravel, Paved
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Crawl Space, Slab
  • Flooring: Laminate, Hardwood, Tile, Vinyl, Wood
  • Sq Ft Unheated Basement: 0
  • Room Other: Primary Bedroom,Bedroom(s),Bathroom(s),Kitchen,Living Room,Dining Room,Dining Area,Basement,Den,Great Room,Laundry,Office
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Refrigerator, Washer, Other
  • Other Equipment: Network Ready
  • Owner Pays: None
  • Has Basement: Finished, Full, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 10
  • Half Bathrooms: 1
  • Total Bedrooms: 17
  • Below Grade Sq Ft: 2830
  • Living Area: 10722
  • Building Stories: 2
  • Unit Type Features: Garden Tub,Open Floorplan,Split BR Plan,Storage,Vaulted Ceiling(s),Walk-In Closet(s),Wired Internet Available
  • Unit Type Features: Breakfast Bar,Ceiling Fan(s),Foyer,Kitchen Island,Open Floorplan,Pantry,Split BR Plan,Storage,Tray Ceiling(s),Vaulted Ceiling(s),Walk-In Closet(s),Wired Internet Available
  • Unit Type Features: Ceiling Fan(s),Wired Internet Available,Other - See Remarks

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Long Range, Mountain(s), Water, Winter, Year Round
  • Waterfront Features: Other - See Remarks
  • Construction Type: Brick Full, Cedar Shake, Hardboard Siding
  • Other Structures: Outbuilding, Shed(s), Other - See Remarks
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch, Side Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Parking Lot, Parking Space(s)

Utilities

  • Heating: Central, Ductless, Electric, Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Mud Room, Inside, Lower Level, Main Level, Multiple Locations
  • Cooling: Ceiling Fan(s), Central Air, Ductless
  • Utilities: Cable Available, Cable Connected, Electricity Connected, Fiber Optics, Phone Connected
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Clyde A Erwin
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 973000954800000
  • Zoning: R-10
  • Plat Book Slide: 134/54
  • Plat Reference Section Pages: 134-54
  • Additional Parcels Description: 973000979200000,973010361200000,973000564200000,973000871300000
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-10

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Exterior Maintenance, Gas, Outdoor Lighting, Trash Collection, Water
  • Pets Allowed: Yes

Multi Family

  • Number Of Units Total: 3

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2026
Sold by
Gay James
Bought by
Current Estimated Value
$1,123,183

Purchase Details

Listed on
Mar 27, 2023
Closed on
Jun 26, 2023
Sold by
Real Recovery Holdings Llc
Bought by
Gay James
Seller's Agent
Alexandra Schrank
RE/MAX Executive
Buyer's Agent
Heather Frank
RE/MAX Executive
List Price
$2,200,000
Sold Price
$2,100,000
Premium/Discount to List
-$100,000
-4.55%
Views
119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-17.86%
Original Mortgage
$665,000
Interest Rate
6.39%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in West Asheville, NC

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Gay James $950,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $665,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $2,100,000 -4.5% $196 / Sq Ft
04/13/2023 04/13/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $2,200,000 -- $205 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,583 $752,700 $17,200 $735,500
2024 $7,583 $752,700 $32,200 $720,500
2023 $7,583 $751,700 $31,200 $720,500
2022 $7,164 $751,700 $0 $0
2021 $7,164 $751,700 $0 $0
2020 $5,628 $563,400 $0 $0
2019 $5,628 $563,400 $0 $0
2018 $5,290 $563,400 $0 $0
2017 $5,290 $466,700 $0 $0
2016 $4,802 $466,700 $0 $0
2015 $4,802 $466,700 $0 $0
2014 $109 $10,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: 4009004

Canopy MLS

APN: 9730-00-5642-00000

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