NOT LISTED FOR SALE

162 Oak Ln Montreat, NC 28757

Estimated Value: $751,000 - $1,137,000

2 Beds
2.5 Baths
2,622 Sq Ft
$346/Sq Ft Est. Value

Last Sold June 01, 2022

Last sale price $625,000 $238 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,464/month

6 Days on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • Walk-In Closet
  • Deck
  • Wood Flooring
  • Laundry Room

About This Home

As of June 2022

Rare opportunity to purchase in the quaint town of Montreat, located just outside of Black Mountain and a short drive to Asheville. This house lives large with a lot of square footage for the price. Perfect for separate living quarters with an entrance and driveway area for each level. Extra room downstairs with exterior entrance for possible kitchen, extra bedroom or office. The main level welcomes you with a light filled room perfect for dining or office. The great room is large and open to the kitchen with a breakfast area, gas fireplace and built in bookshelves. Plenty of outdoor deck space, windows, huge closets, extra large bedrooms, two car carport, and built for handicapped accessibility. The town of Montreat lives like a resort with over 30 miles of hiking trails, a community playground, tennis courts, Lake Susan, and the bubbling Flat Creek running throughout. No HOA and short term rentals allowed.

Last Agent to Sell the Property

Diane Morris

Carolina Mountain Sales License #105386 Listed on: 03/24/2022

Carolina Mountain Sales

Last Buyer's Agent

Matt Ashley

Matt Ashley Real Estate LLC License #275066

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,295

Year Built

  • Built in 1990

Lot Details

  • Level Lot
  • Zoning described as R-2

Parking

  • 1 to 5 Parking Spaces

Home Design

  • Contemporary Architecture
  • Wood Siding

Interior Spaces

  • Open Floorplan
  • Great Room with Fireplace
  • Crawl Space

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Attic

  • Attic Fan
  • Pull Down Stairs to Attic

Accessible Home Design

  • Handicap Accessible
  • More Than Two Accessible Exits

Outdoor Features

  • Deck

Schools

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

Utilities

  • Heat Pump System
  • Heating System Uses Propane

Listing and Financial Details

  • Assessor Parcel Number 0710-76-1005-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,295

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary
  • Year Built: 1990
  • Ratio Current Price By Acre: 2976190.48
  • Restrictions: Short Term Rental Allowed
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt
  • Structure Type: One Story Basement
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Basement Partially Finished, Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Interior Amenities: Attic Fan, Attic Stairs Pulldown, Handicap Access, Open Floorplan, Split Bedroom, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 803
  • Main Level Sq Ft: 1819
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 426
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 426
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Back,Deck,Front,Side
  • Appliances: Gas Cooktop, Dishwasher, Disposal, Dryer, Microwave, Propane Cooktop, Refrigerator, Trash Compactor, Wall Oven, Washer
  • Accessibility Features: Two or More Access Exits
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Great Room
  • Living Area: 2622
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Concrete, Wood Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Carport - 2 Car, Parking Space - 4+

Utilities

  • Heating: Heat Pump, Heat Pump, Propane
  • Sewer: County Sewer
  • Water Heater: Gas,Propane
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Charles D Owen
  • HOA Subject To: None

Lot Info

  • Lot Features: Level, Sloped
  • Lot Size Area: 0.21
  • Lot Size Units: Acres
  • Parcel Number: 0710-76-1005-00000
  • Zoning Description: R-2

Tax Info

  • RATIO List Price By Tax Amount: 1.27996

Multi Family

  • Unit Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
May 31, 2022
Sold by
Groves Martha H
Bought by
Amy A Matheny Revocable Trust
Seller's Agent
Diane Morris
Carolina Mountain Sales
Buyer's Agent
Matt Ashley
Matt Ashley Real Estate LLC
List Price
$550,000
Sold Price
$625,000
Premium/Discount to List
$75,000
13.64%
Current Estimated Value
$906,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,484
Avg. Annual Appreciation
12.16%

Purchase Details

Closed on
Sep 19, 1973
Sold by
Groves Winfred A
Bought by
Groves
Source: Public Records

Range of Values:

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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
Amy A Matheny Revocable Trust $625,000 Miller John J
Groves -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Groves Martha H $73,000
Previous Owner Groves Winfred A $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2022 06/01/22 Sold $625,000 +13.6% $238 / Sq Ft
05/16/2022 05/16/22 For Sale $550,000 0.0% $210 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $550,000 -- $210 / 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
2023 $6,295 $597,000 $95,400 $501,600
2022 $4,404 $429,700 $0 $0
2021 $2,202 $429,700 $0 $0
2020 $1,974 $365,900 $0 $0
2019 $1,937 $365,900 $0 $0
2018 $1,937 $365,900 $0 $0
2017 $1,917 $380,200 $0 $0
2016 $2,116 $380,200 $0 $0
2015 $4,232 $380,200 $0 $0
2014 $4,232 $380,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3836609

Canopy MLS (Canopy Realtor® Association)

APN: 0710-76-1005-00000