NOT LISTED FOR SALE

18 Hemlock Rd Unit 5 Block U Asheville, NC 28803

Estimated Value: $905,000 - $2,302,576

1.39 Acres
$1,326,542 Price per Acre
60,548 Sq Ft Lot

Last Sold May 25, 2017

Last sale price $525,000

Est. 251% increase in value since last sale

Current estimated payment $10,682/month

15 Days on Market

Highlights

  • Access To Lake
  • Community Lake
  • Pond
  • T.C. Roberson High School Rated A
  • Private Lot
  • Wooded Lot

About This Lot

As of May 2017

A unique opportunity for the discerning buyer who is searching for the epitome of Asheville luxury living, this Biltmore Forest lot does not disappoint. Gently sloping and populated with mature hardwoods it can accommodate many building plans. Capture the view of one of the catch and release fishing ponds, just steps from the property. Once part of George Vanderbilt's Biltmore property, Biltmore Forest is the most coveted neighborhood in Asheville and this one of the last remaining lots.

Last Agent to Sell the Property

Molly Mcnichols

Carolina Mountain Sales License #C22439 Listed on: 03/23/2017

Carolina Mountain Sales

Last Buyer's Agent

Christie Melear

Allen Tate/Beverly-Hanks Asheville-Biltmore Park License #156055

Allen Tate/Beverly-Hanks Asheville-Biltmore Park

Property Details

Property Type

  • Land

Lot Details

  • Private Lot
  • Wooded Lot
  • Property is zoned Residential Lot

Basement

  • Crawl Space

Listing and Financial Details

  • Assessor Parcel Number 9646-61-2911-00000
  • Tax Block U

Community Details

Overview

  • Community Lake

Recreation

  • Community Playground
  • Access To Lake
  • Pond

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.91304
  • Ratio Close Price By Original Li: 0.91304
  • Ratio Current Price By Acre: 377697.84
  • Restrictions: Architectural Review
  • Restrictions Description: See town ordinances and subdivision regulations (attached).
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Crawl Space

Exterior Features

  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Utilities

  • Sewer: County Sewer

Condo/Co-op/Association

  • Community Features: Lake, Lake Access, Playground, Pond

Schools

  • Elementary School: Estes/Koontz
  • Middle School: Valley Springs
  • High School: T.C. Roberson

Lot Info

  • Lot Features: Lake Access, Private, Sloping, Water view, Wooded
  • Lot Size Area: 1.390
  • Parcel Number: 9646-61-2911-00000
  • Zoning: Residential Lot
  • Zoning Specification: R-1
  • Plat Book Slide: 57/136

Tax Info

  • Tax Value: 375100.00
  • Tax Amount Ncm: 2266.00
  • Tax Block: U
  • Tax Location: Biltmore Forest

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2017
Closed on
May 22, 2017
Sold by
Rose John R
Bought by
Owens Gaylon V and Owens Kristi N
Seller's Agent
Molly Mcnichols
Carolina Mountain Sales
Buyer's Agent
Christie Melear
Allen Tate/Beverly-Hanks Asheville-Biltmore Park
List Price
$575,000
Sold Price
$525,000
Premium/Discount to List
-$50,000
-8.7%
Current Estimated Value
$1,843,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,318,894
Avg. Annual Appreciation
16.71%

Purchase Details

Closed on
Apr 29, 2004
Sold by
Abaco Nicholas
Bought by
Bainum Roberta D
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
Owens Gaylon V $525,000 None Available
Bainum Roberta D $669,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2017 05/25/17 Sold $525,000 -8.7% --
04/07/2017 04/07/17 Pending -- -- --
03/23/2017 03/23/17 For Sale $575,000 -- --
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
2023 $5,986 $1,156,400 $450,100 $706,300
2022 $5,643 $1,156,400 $0 $0
2021 $5,602 $1,148,000 $0 $0
2020 $5,703 $1,078,000 $0 $0
2019 $3,022 $571,200 $0 $0
2018 $2,381 $450,100 $0 $0
2017 $2,426 $375,100 $0 $0
2016 $2,266 $375,100 $0 $0
2015 $2,266 $375,100 $0 $0
2014 $2,266 $375,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3263218

Canopy MLS (Canopy Realtor® Association)

APN: 9646-61-2911-00000