NOT LISTED FOR SALE

201 Olde Covington Way Arden, NC 28704

Estimated Value: $252,000 - $1,021,909

2 Beds
2 Baths
-- Sq Ft
2001 Built

Last Sold June 01, 2015

Last sale price $560,000

Est. 19% decrease in value since last sale

Current estimated payment $2,486/month

336 Days on Market

About This Home

As of June 2015

POSSIBLE OWNER FINANCING. Great Investment Opportunity. 6 condominium units in desirable South Asheville. 3 upper units, 3 lower units, same building. Each with 1170 sf, 2 Bedroom, 2 Bath. LR with fireplace. Dining area, Galley kitchen. Excellent rental history. All units leased. 2 parking spaces per unit.

Last Agent to Sell the Property

Richard Pressley

Keller Williams Professionals License #230506 Listed on: 06/17/2014

Keller Williams Professionals

Last Buyer's Agent

Roy Borden

NAI Allen Tate Beverly-Hanks Commercial License #190922

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $870

Year Built

  • Built in 2001

Flooring

  • Vinyl Flooring

Listing and Financial Details

  • Rent includes management fee, exterior maintenance
  • Assessor Parcel Number various

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$870

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: 2 Story
  • Ratio Close Price By List Price: 0.93333
  • Ratio Close Price By Original Li: 0.70000
  • Year Built: 2001
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Vinyl, Carpet

Exterior Features

  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • Association Fee: 672.00

Lot Info

  • Parcel Number: various
  • Plat Reference Section Pages: 2523
  • Zoning Specification: EMP

Rental Info

  • Rent Includes: Management Fee, Exterior Maintenance

Multi Family

  • Unit Count: 1
  • Number Of Units Total: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2014
Closed on
May 29, 2015
Sold by
Orange Street Professional Park Llc
Bought by
Olde Covington Properties Llc
Seller's Agent
Richard Pressley
Keller Williams Professionals
Buyer's Agent
Roy Borden
NAI Allen Tate Beverly-Hanks Commercial
List Price
$800,000
Sold Price
$560,000
Premium/Discount to List
-$240,000
-30%
Total Days on Market
336
Current Estimated Value
$454,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$105,273
Avg. Annual Appreciation
-7.13%

Purchase Details

Closed on
Feb 10, 2014
Sold by
Groome Family Enterrises Llc
Bought by
Orange Street Professional Park Llc
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
Olde Covington Properties Llc $560,000 --
Orange Street Professional Park Llc -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2015 06/01/15 Sold $560,000 -30.0% --
05/19/2015 05/19/15 Pending -- -- --
06/17/2014 06/17/14 For Sale $800,000 -- --
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 $870 $145,900 $0 $145,900
2022 $855 $145,900 $0 $0
2021 $855 $145,900 $0 $0
2020 $805 $127,700 $0 $0
2019 $805 $127,700 $0 $0
2018 $805 $127,700 $0 $0
2017 $805 $114,600 $0 $0
2016 $796 $0 $0 $0
2015 $796 $114,600 $0 $0
2014 $796 $114,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Richard Pressley

    Keller Williams Professionals

    (828) 254-7253

    12 Total Sales

    Richard Pressley
    Section Image
  • Roy Borden

    Buyer's Agent in 2015

    Roy Borden

    NAI Allen Tate Beverly-Hanks Commercial

    (828) 768-3116

    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM564502

Canopy MLS (Canopy Realtor® Association)

APN: 9653-77-8695-CB201

North Carolina Buncombe County Arden 28704

201 Olde Covington Way, Arden, NC

This home is located at 201 Olde Covington Way, Arden, NC 28704 since 17 June 2014 and is currently estimated at $454,727. This property was built in 2001. 201 Olde Covington Way is a home located in Buncombe County with nearby schools including Glen Arden Elementary School, T.C. Roberson High School, and Koontz Intermediate School.

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