NOT LISTED FOR SALE

16 Ivestor Gap Rd Unit 1200 Biltmore Lake, NC 28715

Estimated Value: $872,358 - $942,000

3 Beds
2 Baths
2,114 Sq Ft
$428/Sq Ft Est. Value

Last Sold July 12, 2023

Last sale price $837,795 $396 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,235/month

15 Days on Market

Highlights

  • New Construction
  • Deck
  • Tennis Courts
  • Clubhouse
  • Wood Flooring
  • Front Porch

About This Home

As of July 2023

Lot 1200. Pre-Construction (construction not started) One of the last 2 remaining lots in Biltmore Lake. The Pinnacle “Prairie” floorplan. An optional bonus room with bath over the garage is available as an upgrade. 6 other floor plans are also available on this lot. Buyer can make selections and upgrades with the Design Team. High-end architectural details & finishes included throughout.

Last Agent to Sell the Property

Neil Battle

Howard Hanna Beverly-Hanks The Ramble at Biltmore Forest Brokerage Email: neil.battle@allentate.com License #154511 Listed on: 05/16/2022

Last Buyer's Agent

Natalie Shaw

Howard Hanna Beverly-Hanks Asheville-Downtown License #283194

Howard Hanna Beverly-Hanks Asheville-Downtown

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,420

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.35 Acre Lot

HOA Fees

  • $158 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Interior Spaces

  • 2,114 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Insulated Windows
  • Crawl Space
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Front Porch

Schools

  • Hominy Valley/Enka Elementary School
  • Enka Middle School
  • Enka High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9616-04-6819-00000

Community Details

Overview

  • Built by BILTMORE FARMS
  • Biltmore Lake Subdivision, Pinnacle Floorplan
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Sport Court
  • Community Playground
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,420

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$158 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2022
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Modular Not Allowed,Subdivision
  • Special Assessment Yn: 0
  • Restrictions Description: SEE COMMUNITY DOCS
  • Road Surface Type: Brick, Paved
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 396.31
  • Attribution Contact: neil.battle@allentate.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Cable Prewire
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2114
  • 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, Exhaust Fan, Gas Range, Gas Water Heater, Microwave
  • Above Grade Finished Sq Ft: 2114
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Insulated Door(s)
  • Fireplace Features: Wood Burning
  • Living Area: 2114
  • Window Features: Insulated Window(s)
  • Bedroom Main: 3
  • Room Count: 5

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Waterfront Features: Lake
  • Waterfront Elevation: 2000
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Deck, Front Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Cooling: Ceiling Fan(s), Central Air
  • Utilities: Gas
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Clubhouse, Playground, Sidewalks, Sport Court, Street Lights, Tennis Court(s), Walking Trails
  • Association Fee: 475
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • Association Annual Expense: 1900.00

Schools

  • Middle Or Junior School: Enka
  • HOA Subject To: Required

Lot Info

  • Lot Size Area: 0.35
  • Lot Size Units: Acres
  • Parcel Number: 9616-04-6819-00000
  • Development Status: Proposed
  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15246
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RES

Building Info

  • Builder Name: BILTMORE FARMS

MLS Schools

  • Elementary School: Hominy Valley/Enka
  • High School: Enka

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2022
Closed on
Jul 12, 2023
Sold by
Biltmore Lake Llc
Bought by
Philips Howard R and Norton Marci B
Seller's Agent
Neil Battle
Howard Hanna Beverly-Hanks The Ramble at Biltmore Forest
Buyer's Agent
Natalie Shaw
Howard Hanna Beverly-Hanks Asheville-Downtown
List Price
$725,000
Sold Price
$837,795
Premium/Discount to List
$112,795
15.56%
Views
3
Current Estimated Value
$903,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,045
Avg. Annual Appreciation
3.43%
Original Mortgage
$250,000
Outstanding Balance
$226,513
Interest Rate
6.18%
Mortgage Type
New Conventional
Estimated Equity
$677,327
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
Philips Howard R -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Philips Howard R $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2023 07/12/23 Sold $837,795 +15.6% $396 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $725,000 -- $343 / 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
2025 $3,420 $536,400 $89,600 $446,800
2024 $3,420 $536,400 $89,600 $446,800
2023 $3,420 $89,600 $89,600 $0
2022 $531 $89,600 $0 $0
2021 $531 $89,600 $0 $0
2020 $541 $85,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3861583

Canopy MLS (Canopy Realtor® Association)

APN: 9616-04-6819-00000