NOT LISTED FOR SALE

187 Weston Rd Arden, NC 28704

Estimated Value: $513,259 - $806,000

4 Beds
4 Baths
2,304 Sq Ft
$259/Sq Ft Est. Value

Last Sold April 08, 2016

Last sale price $206,000 $89 Per Sq Ft

Est. 193% increase in value since last sale

Current estimated payment $3,476/month

35 Days on Market

Highlights

  • Contemporary Architecture
  • Wooded Lot
  • Attached Garage
  • Glen Arden Elementary School Rated A-
  • Circular Driveway
  • Storm Doors

About This Home

As of April 2016

This well-maintained duplex has a strong rental history. Units on both sides are a 2 bed/1.5 bath. Each unit has their own private garage with interior access. Agent related to seller.
This duplex is available for sale with 187 Weston R. (4 units total) for $430,000. See MLS# 3141725.

Last Agent to Sell the Property

Margaret Horine

Town and Mountain Realty License #284051 Listed on: 01/18/2016

Last Buyer's Agent

Richard Smith

Allen Tate/Beverly-Hanks Asheville-Downtown License #245944

Allen Tate/Beverly-Hanks Asheville-Downtown

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • Wooded Lot
  • Many Trees

Parking

  • Attached Garage
  • Circular Driveway
  • Gravel Driveway
  • Shared Driveway

Home Design

  • Duplex
  • Contemporary Architecture
  • Stone Siding

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

Listing and Financial Details

  • Tenant pays for all utilities, garbage pick-up
  • Rent includes exterior maintenance
  • Assessor Parcel Number 9654-64-3752-00000

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Contemporary
  • Ratio Close Price By List Price: 0.74909
  • Ratio Close Price By Original Li: 0.74909
  • Ratio Current Price By Acre: 316923.08
  • Ratio Current Price By Sq Ft: 89.41
  • Year Built: 1987
  • Property Features: Dishwasher, Porch/Patio, Range/Oven, Refrigerator, Storm Windows/Doors, W/D Connection
  • Special Features: None

Interior Features

  • Foundation Details: Basement Garage Door, Basement Inside Entrance, Basement
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Doors and Windows: Storm Door(s), Storm Window(s)
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Dryer Hookup, Electric Range, Refrigerator, Electric Oven
  • Fixture Exception Description: washer/dryer, microwave (tenant owned)
  • Fixture Exception Yn: Yes
  • Flooring: Laminate Tile, Vinyl, Carpet
  • Laundry Location: Main
  • Total Sq Ft: 2304

Exterior Features

  • Construction: Stone, Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Circular, Asphalt, Gravel, Shared
  • Parking: Attached Garage, Driveway, Garage - 1 Car, Parking Space - 4+

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Tank
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Glen Alpine
  • Middle School: Valley Springs
  • High School: T.C. Roberson

Lot Info

  • Lot Features: Paved Frontage, Sloping, Trees, Wooded
  • Lot Size Area: 0.650
  • Parcel Number: 9654-64-3752-00000
  • Plat Reference Section Pages: 1936
  • Zoning Specification: R-1

Rental Info

  • Rent Includes: Exterior Maintenance
  • Tenant Pays: All Utilities, Garbage Pick-up

Tax Info

  • Tax Value: 225100.00
  • Tax Location: Arden

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2016
Closed on
Apr 7, 2016
Sold by
Balboa Holdings Llc
Bought by
Weston Homes Llc
Seller's Agent
Margaret Horine
Town and Mountain Realty
Buyer's Agent
Richard Smith
Allen Tate/Beverly-Hanks Asheville-Downtown
List Price
$275,000
Sold Price
$206,000
Premium/Discount to List
-$69,000
-25.09%
Current Estimated Value
$603,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,137
Avg. Annual Appreciation
11.94%
Original Mortgage
$369,600
Interest Rate
3.62%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 10, 1997
Sold by
Dickey Robert H
Bought by
Anand and Anand
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
Weston Homes Llc $412,000 None Available
Anand $249,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gilbert Michael $335,000
Closed Weston Homes Llc $369,600
Previous Owner Gilbert Michael $87,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2016 04/08/16 Sold $206,000 -25.1% $89 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
01/18/2016 01/18/16 For Sale $275,000 -- $119 / 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 $1,734 $291,000 $43,700 $247,300
2022 $0 $291,000 $43,700 $247,300
2021 $1,705 $291,000 $0 $0
2020 $1,692 $268,500 $0 $0
2019 $1,692 $268,500 $0 $0
2018 $1,692 $268,500 $0 $0
2017 $0 $228,000 $0 $0
2016 $1,585 $228,000 $0 $0
2015 $1,585 $228,000 $0 $0
2014 $1,416 $203,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3141653

Canopy MLS (Canopy Realtor® Association)

APN: 9654-64-3752-00000