NOT LISTED FOR SALE

162 Summit Tower Cir Unit 209 Asheville, NC 28804

Estimated Value: $1,616,000 - $1,875,000

1.73 Acres
$1,019,557 Price per Acre
75,359 Sq Ft Lot

Last Sold September 22, 2017

Last sale price $206,000

Est. 756% increase in value since last sale

Current estimated payment $10,410/month

588 Days on Market

About This Lot

As of September 2017

Reynolds Mountain in North Asheville! Large 1.73 acre lot is located near the top of PHASE II with long range mountain views, gentle topography and SE exposure. Build your dream home with city water/sewer available with connection. Reynolds Mountain is convenient to Downtown Asheville, Reynolds Mountain Village Shopping, Asheville Country Club and all that Western NC has to offer. Priced well below tax value! Lot has great elevation to enjoy the cool mountain breezes and mountain top living.

Last Agent to Sell the Property

Lynn Hathcock

Premier Sotheby’s International Realty License #251392 Listed on: 01/08/2016

Premier Sotheby’s International Realty

Last Buyer's Agent

Tina Garrett

Asheville Realty Group License #151528

Property Details

Property Type

  • Land

Lot Details

HOA Fees

  • $100 Monthly HOA Fees

Community Details

  • Ipm Association, Phone Number (828) 650-6875

Listing and Financial Details

  • Assessor Parcel Number 9741-00-5645-00000

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.86192
  • Ratio Close Price By Original Li: 0.86192
  • Ratio Current Price By Acre: 119075.14
  • Restrictions: Architectural Review, Square Feet
  • Special Features: None

Interior Features

  • H O A Management Phone: 828-650-6875

Exterior Features

  • Construction Type: Site Built

Utilities

  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • Association Fee: 1200.00
  • Association Fee Frequency: Annually
  • HOA Management Company: IPM
  • Hoa Subject To Dues: Mandatory
  • HOA Subject to Dues YN: Yes

Schools

  • Elementary School: Woodfin/Eblen
  • Middle School: Clyde A Erwin
  • High School: Clyde A Erwin

Lot Info

  • Lot Features: Long Range View, Sloping, Views, Year Round View
  • Lot Size Area: 1.730
  • Parcel Number: 9741-00-5645-00000
  • Zoning: Residential
  • Zoning Specification: R21
  • Plat Book Slide: 92/73
  • Plat Reference Section Pages: 734

Tax Info

  • Tax Value: 323500.00
  • Tax Amount Ncm: 2973.00
  • Tax Location: Woodfin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2021
Sold by
Mcallister James C and James C Mcallister Living Trus
Bought by
Mcallister James C and James C Mcallister Living Trus
Current Estimated Value
$1,763,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$817,853
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$945,981

Purchase Details

Listed on
Jan 8, 2016
Closed on
Sep 22, 2017
Sold by
Richert Raymon K
Bought by
Mcallister James C
Seller's Agent
Lynn Hathcock
Premier Sotheby’s International Realty
Buyer's Agent
Tina Garrett
Asheville Realty Group
List Price
$239,000
Sold Price
$206,000
Premium/Discount to List
-$33,000
-13.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.62%

Purchase Details

Closed on
May 30, 2006
Sold by
Songbird Development Group Llc
Bought by
Riechert Raymon K

Purchase Details

Closed on
Oct 13, 2005
Sold by
Reynolds Mountain Development Llc
Bought by
Songbird Development Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
5.66%
Mortgage Type
Unknown
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
Mcallister James C -- Amrock
Mcallister James C $206,000 None Available
Mcallister James C $206,000 None Available
Riechert Raymon K $520,000 None Available
Songbird Development Group Llc $179,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcallister James C $900,000
Previous Owner Songbird Development Group Llc $162,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2017 09/22/17 Sold $206,000 -13.8% --
08/18/2017 08/18/17 Pending -- -- --
01/08/2016 01/08/16 For Sale $239,000 -- --
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
2025 $11,063 $1,150,100 $318,200 $831,900
2024 $11,063 $1,150,100 $318,200 $831,900
2023 $11,063 $1,150,100 $318,200 $831,900
2022 $10,626 $1,150,100 $0 $0
2021 $10,626 $1,150,100 $0 $0
2020 $9,471 $987,600 $0 $0
2019 $4,651 $485,000 $0 $0
2018 $2,941 $323,500 $0 $0
2017 $2,973 $291,800 $0 $0
2016 $2,944 $291,800 $0 $0
2015 $2,944 $291,800 $0 $0
2014 $2,944 $291,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3135879

Canopy MLS (Canopy Realtor® Association)

APN: 9741-00-5645-00000