NOT LISTED FOR SALE

16 Summit Tower Cir Unit 249 Asheville, NC 28804

Estimated Value: $3,046,000 - $3,409,000

0.93 Acre
$3,546,167 Price per Acre
40,511 Sq Ft Lot

Last Sold August 20, 2014

Last sale price $375,000

Est. 779% increase in value since last sale

Current estimated payment $19,675/month

352 Days on Market

About This Lot

As of August 2014

Build your dream home on this fantastic and easily accessible, south to southwest facing lot in beautiful Reynolds Mountain. Enjoy massive long range/layered mountain views as well as views of Beaver Lake. The lot runs between Lake Town Lane and Senator Reynolds Drive, so access should be very easy.

Last Agent to Sell the Property

Doris Longworth

Allen Tate/Beverly-Hanks Asheville-North License #259868 Listed on: 08/13/2013

Allen Tate/Beverly-Hanks Asheville-North

Last Buyer's Agent

Doris Longworth

Allen Tate/Beverly-Hanks Asheville-North License #259868 Listed on: 08/13/2013

Allen Tate/Beverly-Hanks Asheville-North

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,891

Lot Details

  • Wooded Lot
  • Many Trees

Listing and Financial Details

  • Assessor Parcel Number 9741-10-0155-00000

Property Details

Property Type

Land

Est. Annual Taxes

$20,891

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Ratio Close Price By List Price: 0.93750
  • Ratio Close Price By Original Li: 0.93750
  • Ratio Current Price By Acre: 403225.81
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Publically Maintained Road: Yes

Utilities

  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • Association Fee: 1200.00

Schools

  • Elementary School: Unspecified
  • Middle School: Asheville
  • High School: Asheville

Lot Info

  • Lot Features: Paved Frontage, Trees, Winter View, Wooded, Year Round View
  • Lot Size Area: 0.930
  • Parcel Number: 9741-10-0155-00000
  • Zoning Specification: RES
  • Plat Reference Section Pages: 3695

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2025
Sold by
Bicket John Gregory and Bicket Barbara J
Bought by
Richter Todd B
Current Estimated Value
$3,297,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200,000
Outstanding Balance
$2,176,979
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$1,120,956

Purchase Details

Listed on
Aug 13, 2013
Closed on
Aug 21, 2014
Sold by
Soundararajan Saravana and Pattabiraman Indumathi
Bought by
Bicket John G and Bicket Barbara J
Seller's Agent
Doris Longworth
Allen Tate/Beverly-Hanks Asheville-North
Buyer's Agent
Doris Longworth
Allen Tate/Beverly-Hanks Asheville-North
List Price
$400,000
Sold Price
$375,000
Premium/Discount to List
-$25,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.81%

Purchase Details

Closed on
Jun 29, 2004
Sold by
Reynolds Mountain Development Llc
Bought by
Soundaraarajan Saravana and Pattabiraman Indomathi

Purchase Details

Closed on
Jun 23, 2004
Sold by
T & T Meyer Llc
Bought by
Reynolds Mountain Development Llc
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
Richter Todd B $3,400,000 None Listed On Document
Richter Todd B $3,400,000 None Listed On Document
Bicket John G $375,000 --
Bicket John Gregory $375,000 --
Soundaraarajan Saravana $330,000 --
Reynolds Mountain Development Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richter Todd B $2,200,000
Previous Owner Bicket John Gregory $1,043,200
Previous Owner Bicket John Gregory $1,112,500
Previous Owner Bicket John Gregory $1,131,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2014 08/20/14 Sold $375,000 -6.3% --
07/31/2014 07/31/14 Pending -- -- --
08/13/2013 08/13/13 For Sale $400,000 -- --
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
2024 $20,891 $1,953,800 $408,600 $1,545,200
2023 $20,891 $1,953,800 $408,600 $1,545,200
2022 $20,126 $1,953,800 $0 $0
2021 $20,126 $1,953,800 $0 $0
2020 $18,011 $1,669,200 $0 $0
2019 $18,011 $1,669,200 $0 $0
2018 $10,369 $1,007,700 $0 $0
2017 $0 $312,300 $0 $0
2016 $3,620 $312,300 $0 $0
2015 $3,620 $312,300 $0 $0
2014 $3,620 $312,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM545910

Canopy MLS (Canopy Realtor® Association)

APN: 9741-10-0155-00000