NOT LISTED FOR SALE

18 Drakes Meadow Ln Arden, NC 28704

Estimated Value: $851,000 - $1,006,000

4 Beds
3.5 Baths
3,953 Sq Ft
$239/Sq Ft Est. Value

Last Sold April 20, 2021

Last sale price $683,056 $173 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,498/month

Highlights

  • Fruit Trees
  • Arts and Crafts Architecture
  • Cathedral Ceiling
  • Glen Arden Elementary School Rated A-
  • Outdoor Fireplace
  • Wood Flooring

About This Home

As of April 2021

Beautiful, well appointed, meticulously maintained home on a lovely .61 lot in South Asheville's desirable Drakes Meadows neighborhood. This 4 BR, 3.5 BA home offers gleaming hardwood floors, granite throughout, formal dining rm, breakfast nook, spacious kitchen w/new Samsung appliances and tile backsplash. Master suite on main includes sitting room w its own fireplace, entry to screened porch and spacious master bath w/jacuzzi tub & huge walk in closet w/custom shelving. The 2-story great room has upgraded gas logs in the fireplace and offers tons of natural light through the large windows. 2nd floor offers 3 bedrooms one of which could be used as a bonus room or 2nd master. Outdoor living areas include a covered front porch, screened porch with entry from great room or master, large back deck with propane fire pit and gas grill (with natural gas piped directly to grill). Firepit and grill remain with home. Large back yard is fully fenced w/mature oak, poplar, maple & apple trees.

Last Agent to Sell the Property

Tammy Todd

NextHome AVL Realty License #291897 Listed on: 03/05/2021

NextHome AVL Realty

Co-Listed By

Angela Harrell-O'Brien

NextHome AVL Realty License #192894

Last Buyer's Agent

Nick Hinton

The Hinton Realty Group License #284082

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • Level Lot
  • Fruit Trees

HOA Fees

  • $26 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Arts and Crafts Architecture

Interior Spaces

  • Cathedral Ceiling
  • Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • Walk-In Closet

Outdoor Features

  • Outdoor Fireplace
  • Outdoor Gas Grill

Utilities

  • Heating System Uses Natural Gas
  • Septic Tank

Community Details

  • Drakes Meadows Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 9664-26-9164-00000

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0

HOA Fees

$26 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Arts and Crafts
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.02254
  • Ratio Close Price By Original Li: 1.02254
  • Ratio Current Price By Acre: 1119763.93
  • Ratio Current Price By Sq Ft: 172.79
  • Year Built: 2005
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: g-Sealed Crawl Space
  • Upper Level Sq Ft: 1368
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), CO Detector, Dishwasher, Disposal, Electric Oven, Electric Range, Microwave, Natural Gas, Radon Mitigation System
  • Fireplace Description: Great Room, Primary Bedroom, Natural Gas
  • Fireplace: Yes
  • Fixture Exception Description: Standing refrigerator and freezer in garage
  • Fixture Exception Yn: Yes
  • Flooring: Carpet, Wood
  • Interior Amenities: Cathedral Ceiling(s), Pantry, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 2585
  • Total Sq Ft: 3953

Exterior Features

  • Construction: Fiber Cement, Stone Veneer
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, In-Ground Gas Grill, Outdoor Fireplace

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car, Parking Space - 4+

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Gas Water Heater, Heat Pump - AC, Heat Pump - Heat, Multizone A/C, MultiZone Heat, Natural Gas
  • Sewer: Septic Installed
  • Water: City Water
  • Water Heater: g-On-Demand Water Heater

Condo/Co-op/Association

  • Association Fee: 312.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Drakes Meadows Home Owners Association
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Glen Arden/Koontz
  • Middle School: Charles T Koontz
  • High School: T.C. Roberson

Lot Info

  • Lot Features: Fruit Trees, Level, Rolling
  • Lot Size Area: 0.610
  • Parcel Number: 9664-26-9164-00000
  • Plat Book Slide: 96-19
  • Plat Reference Section Pages: 96-19
  • Zoning Specification: R-2

Tax Info

  • Tax Value: 542700.00
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2021
Closed on
Apr 15, 2021
Sold by
Dimario Frank J and Dimario Donna M
Bought by
Lever Steven B and Steven B Lever Revocable Trust
Seller's Agent
Tammy Todd
NextHome AVL Realty
Buyer's Agent
Nick Hinton
The Hinton Realty Group
List Price
$668,000
Sold Price
$683,056
Premium/Discount to List
$15,056
2.25%
Current Estimated Value
$945,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,939
Avg. Annual Appreciation
7.77%
Original Mortgage
$190,000
Outstanding Balance
$171,918
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$774,077

Purchase Details

Closed on
May 19, 2008
Sold by
Henderson Brandy Kay and Sigmon Page
Bought by
Dimario Frank J and Dimario Donna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
5.86%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 14, 2006
Sold by
Genesis Construction Co Of Asheville Inc
Bought by
Sigmon Brandy K and Sigmon Page

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 29, 2005
Sold by
Genesis Construction Co Of Asheville
Bought by
Genesis Construction Co Of Asheville

Purchase Details

Closed on
May 13, 2005
Sold by
Powell Duckett Land Co
Bought by
Genesis Construction Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.8%
Mortgage Type
Construction
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
Lever Steven B $683,500 None Available
Dimario Frank J $520,000 None Available
Sigmon Brandy K $520,000 None Available
Genesis Construction Co Of Asheville -- --
Genesis Construction Co Inc $84,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lever Steven B $190,000
Previous Owner Dimario Frank J $377,000
Previous Owner Dimario Frank J $392,000
Previous Owner Dimario Frank J $386,000
Previous Owner Sigmon Brandy K $416,000
Previous Owner Sigmon Brandy K $48,400
Previous Owner Genesis Construction Co Inc $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2021 04/20/21 Sold $683,056 +2.3% $173 / Sq Ft
03/06/2021 03/06/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $668,000 -- $169 / 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
2024 $3,932 $638,700 $66,300 $572,400
2023 $3,932 $638,700 $66,300 $572,400
2022 $3,743 $638,700 $66,300 $572,400
2021 $3,295 $562,300 $0 $0
2020 $3,419 $542,700 $0 $0
2019 $3,419 $542,700 $0 $0
2018 $3,419 $542,700 $0 $0
2017 $3,419 $423,700 $0 $0
2016 $2,945 $423,700 $0 $0
2015 $2,945 $423,700 $0 $0
2014 $2,945 $423,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3708686

Canopy MLS (Canopy Realtor® Association)

APN: 9664-26-9164-00000