NOT LISTED FOR SALE

2 Old Lafayette Ln Unit 1 Black Mountain, NC 28711

Estimated Value: $52,333 - $80,000

0.4 Acre
$172,778 Price per Acre
17,424 Sq Ft Lot

Last Sold October 17, 2018

Last sale price $36,000

Est. 92% increase in value since last sale

Current estimated payment $492/month

1,069 Days on Market

Highlights

  • Corner Lot
  • Home fronts a stream
  • Trails
  • Community Playground

About This Lot

As of October 2018

Very gentle site with small creek in back (perfect for creating a fabulous backyard park and a rocking chair front porch) with underground utilities all in a premier community of upscale homes, a clubhouse, and minutes to Cheshire Fitness Center. You are a short 20-25 minute drive from all Asheville has to offer while being in the mountains with fabulous vistas they afford year around. Owner financing a possibility.

Last Agent to Sell the Property

Carolyn Knight

Diamond Real Estate Group License #200734 Listed on: 09/16/2015

Last Buyer's Agent

Athena Cermak

Keller Williams Professionals License #176477

Keller Williams Professionals

Property Details

Property Type

  • Land

Lot Details

  • Home fronts a stream
  • Corner Lot
  • Level Lot

HOA Fees

  • $96 Monthly HOA Fees

Listing and Financial Details

  • Assessor Parcel Number 0618-48-2579-00000

Community Details

Overview

  • Fs Residential Association, Phone Number (704) 227-0888

Recreation

  • Community Playground
  • Trails

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$96 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.90226
  • Ratio Close Price By Original Li: 0.90226
  • Ratio Current Price By Acre: 90000.00
  • Restrictions: Architectural Review, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
  • Special Features: None

Interior Features

  • H O A Management Phone: 704-227-0888

Utilities

  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • Community Features: Playground, Walking Trails
  • Association Fee: 1150.00
  • Association Fee Frequency: Annually
  • HOA Management Company: fs Residential
  • Hoa Subject To Dues: Mandatory
  • HOA Subject to Dues YN: Yes

Schools

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

Lot Info

  • Lot Features: Corner Lot, Level, Paved Frontage, Stream/Creek, Winter View, Year Round View
  • Lot Size Area: 0.400
  • Parcel Number: 0618-48-2579-00000
  • Zoning Specification: RES

Tax Info

  • Tax Value: 44300.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2024
Sold by
Hutchins Monte and Hutchins Lois J
Bought by
Jones Susan Regina
Current Estimated Value
$69,111

Purchase Details

Closed on
Feb 6, 2024
Sold by
Substitute Trustee Svc Inc
Bought by
County Of Cumberland and State Of North Carolina

Purchase Details

Listed on
Sep 16, 2015
Closed on
Oct 8, 2018
Sold by
Hutchins Monte and Hutchins Lois J
Bought by
Favarote Cecyl L
Seller's Agent
Carolyn Knight
Diamond Real Estate Group
Buyer's Agent
Athena Cermak
Keller Williams Professionals
List Price
$39,900
Sold Price
$36,000
Premium/Discount to List
-$3,900
-9.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.74%
Original Mortgage
$29,200
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 2012
Sold by
Branch Banking And Trust Co
Bought by
Hutchins Monte

Purchase Details

Closed on
Oct 11, 2010
Sold by
Giordano John L and Giordano Kristin
Bought by
Branch Banking & Trust Company

Purchase Details

Closed on
May 12, 2005
Sold by
The Settings Of Black Mountain Llc
Bought by
Giordano John L and Giordano Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,910
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jones Susan Regina $52,500 None Listed On Document
County Of Cumberland $33,957 None Listed On Document
Favarote Cecyl L $36,000 None Available
Hutchins Monte $8,000 None Available
Branch Banking & Trust Company $42,400 None Available
Giordano John L $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Favarote Cecyl L $29,200
Previous Owner Giordano John L $89,910
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2018 10/17/18 Sold $36,000 -9.8% --
08/20/2018 08/20/18 Pending -- -- --
09/16/2015 09/16/15 For Sale $39,900 -- --
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 $372 $39,900 $39,900 --
2024 $372 $44,300 $44,300 --
2023 $372 $44,300 $44,300 $0
2022 $352 $44,300 $44,300 $0
2021 $352 $44,300 $0 $0
2020 $382 $44,300 $0 $0
2019 $382 $44,300 $0 $0
2018 $382 $44,300 $0 $0
2017 $386 $34,800 $0 $0
2016 $341 $34,800 $0 $0
2015 $341 $34,800 $0 $0
2014 $341 $34,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM594052

Canopy MLS (Canopy Realtor® Association)

APN: 0618-48-2579-00000