NOT LISTED FOR SALE

16 N Jefferson Ave West Jefferson, NC 28694

Estimated Value: $1,055,000 - $1,347,586

0.04 Acre
$27,937,047 Price per Acre
1,873 Sq Ft Lot

Last Sold February 28, 2023

Last sale price $1,050,000 $187 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,649/month

Highlights

  • No HOA
  • Two Cooling Systems Mounted To A Wall/Window
  • Forced Air Heating System

About This Lot

As of February 2023

Location, Location, Location! Opportunity to own cash flowing, 3 separate sources of revenue, tucked away in the popular tourist attraction in the Blue Ridge Mountains of NC. Right in the heart of town this fully renovated building is turnkey management is in place if you so choose or manage it yourself. Please see attached lease for commercial tenant and P&L from the last year.

Last Agent to Sell the Property

Jeremy ALDRIDGE

Lantern Realty And Development Listed on: 10/05/2022

Lantern Realty And Development

Last Buyer's Agent

Jeremy ALDRIDGE

Lantern Realty And Development Listed on: 10/05/2022

Lantern Realty And Development

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,236

Year Built

  • Built in 1935

Lot Details

  • 1,873

Home Design

  • 5,625 Sq Ft Home
  • Masonry

Schools

  • Blue Ridge Elementary School
  • Ashe County High School

Additional Features

  • 1,873 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Short Term Rentals Allowed
  • Assessor Parcel Number 19223-001-078

Property Details

Property Type

Land

Est. Annual Taxes

$1,236

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Building/Land
  • Prop. Type: Commercial Sale
  • Lot Size Acres: 0.043
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Year Built: 1935
  • Special Features: None

Exterior Features

  • Construction Type: Masonry
  • Roof: Other, See Remarks

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: 2 Units
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Short Term Rental Allowed
  • Association: No

Schools

  • Elementary School: Blue Ridge
  • High School: Ashe County

Lot Info

  • Parcel #: 19223-001-078
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1235.73
  • Tax Book Number: 00528/1373

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Jan 23, 2023
Sold by
Ahmp Llc
Bought by
Gauche Enterprises Llc
Seller's Agent
Jeremy ALDRIDGE
Lantern Realty And Development
Buyer's Agent
Jeremy ALDRIDGE
Lantern Realty And Development
List Price
$1,050,000
Sold Price
$1,050,000
Views
11
Current Estimated Value
$1,201,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,293
Avg. Annual Appreciation
4.18%
Original Mortgage
$300,000
Outstanding Balance
$291,890
Interest Rate
6.33%
Mortgage Type
Credit Line Revolving
Estimated Equity
$875,735

Purchase Details

Listed on
Nov 3, 2020
Closed on
May 14, 2021
Sold by
Preece Terry D and Preece Nancy E
Bought by
Ahmp Llc
Seller's Agent
Andrea Reeves-Witherspoon
Regency Properties
Buyer's Agent
Jeremy ALDRIDGE
Lantern Realty And Development
List Price
$442,700
Sold Price
$442,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.71%
Original Mortgage
$374,160
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 7, 2011
Sold by
Baldwin Jackie Dale and Baldwin Ella P
Bought by
Preece Terry D and Preece Nancy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 11, 2005
Sold by
Huffman & Huffman Builders
Bought by
Brown Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.66%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Gauche Enterprises Llc $1,050,000 --
Ahmp Llc $443,000 None Available
Preece Terry D $285,000 None Available
Brown Virginia $282,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gauche Enterprises Llc $300,000
Previous Owner Ahmp Llc $374,160
Previous Owner Preece Terry D $265,000
Previous Owner Brown Virginia $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $1,050,000 0.0% $187 / Sq Ft
10/05/2022 10/05/22 For Sale $1,050,000 +137.2% $187 / Sq Ft
06/15/2021 06/15/21 Sold $442,700 0.0% $79 / Sq Ft
05/16/2021 05/16/21 Pending -- -- --
11/03/2020 11/03/20 For Sale $442,700 -- $79 / Sq Ft
Source: High Country Association of REALTORS®

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 $3,362 $764,100 $89,000 $675,100
2024 $3,362 $764,100 $89,000 $675,100
2023 $3,362 $764,100 $89,000 $675,100
2022 $1,236 $242,300 $66,800 $175,500
2021 $1,236 $242,300 $66,800 $175,500
2020 $2,091 $242,300 $66,800 $175,500
2019 $2,070 $242,300 $66,800 $175,500
2018 $881 $202,900 $44,500 $158,400
2016 $879 $202,900 $44,500 $158,400
2015 $646 $202,900 $44,500 $158,400
2014 $646 $188,500 $44,500 $144,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jeremy ALDRIDGE

    Lantern Realty And Development

    (704) 773-0722

    49 Total Sales

    Jeremy ALDRIDGE
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Map

Source: High Country Association of REALTORS®

MLS Number: 240162

High Country Association of REALTORS®

APN: 19223-001-078

North Carolina Ashe County West Jefferson 28694

16 N Jefferson Ave, West Jefferson, NC

This home is located at 16 N Jefferson Ave, West Jefferson, NC 28694 since 05 October 2022 and is currently estimated at $1,201,293, approximately $213 per square foot. This property was built in 1935. 16 N Jefferson Ave is a home located in Ashe County with nearby schools including Ashe County High School and AGAPE CHRISTIAN SCHOOL.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

High Country Association of REALTORS® IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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