NOT LISTED FOR SALE

211 Summit St Asheville, NC 28803

Estimated Value: $361,000 - $416,000

4 Beds
2 Baths
2,244 Sq Ft
$174/Sq Ft Est. Value

Last Sold August 28, 2019

Last sale price $225,000 $100 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,227/month

8 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Front Green Space
  • T.C. Roberson High School Rated A
  • Corner Lot
  • Many Trees

About This Home

As of August 2019

Stellar investment. Two units on a large level lot in a super convenient location just south of Biltmore Village with a sneak route to the burgeoning Sweeten Creek and London Road areas full of food & brews. Both units have the same great floor plan with very large living rooms, spacious bedrooms, eat-in kitchens and their own laundries. These places live well with hardwood floors, natural gas heat, loads of natural daylight, nice porches, and two off-street parking spaces each. The lower unit enjoys a covered porch overlooking the level front yard. The upper unit has private rear access and uses the private back yard. This property has been a valuable and reliable rental investment for many years, currently managed by The Bayshore Company. Upper unit rents (thru Oct) below market value at $875. Lower unit recently marketed at $1,125 with serious interest, but kept vacant for showings. Tenants pay separate gas and electric. Owner pays water, sewer, trash & recycling (one bill).

Last Agent to Sell the Property

Jody Whitehurst

Town and Mountain Realty License #240055 Listed on: 05/16/2019

Last Buyer's Agent

Devon Kincaid

Town and Mountain Realty License #296384

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • Front Green Space
  • Corner Lot
  • Level Lot
  • Many Trees

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • Insulated Windows
  • Crawl Space

Flooring

  • Wood
  • Vinyl

Listing and Financial Details

  • Tenant pays for cable, electricity, gas
  • Rent includes exterior maintenance, management fee, water
  • Assessor Parcel Number 9647-78-3414

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.81818
  • Ratio Close Price By Original Li: 0.75025
  • Ratio Current Price By Acre: 1406250.00
  • Ratio Current Price By Sq Ft: 100.27
  • Year Built: 1927
  • Property Features: Cable Available, Dishwasher, Porch/Patio, Range/Oven, Refrigerator, W/D Connection
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Doors and Windows: Insulated Windows
  • Equipment: Cable Prewire, Dryer, Dishwasher, Electric Range, Refrigerator, Washer, Electric Oven
  • Flooring: Vinyl, Wood
  • Laundry Location: Utility Room
  • Total Sq Ft: 2244

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway, On-Street Parking

Utilities

  • Heating: Gas Hot Air Furnace, No A/C
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Lot Info

  • Lot Features: Corner Lot, Green Area, Level, Paved Frontage, Trees
  • Parcel Number: 9647-78-3414
  • Plat Book Slide: 8/23
  • Zoning Specification: RS8

Rental Info

  • Rent Includes: Exterior Maintenance, Management Fee, Water
  • Tenant Pays: Cable, Electricity, Gas

Tax Info

  • Tax Value: 180900.00
  • Tax Location: Asheville

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2019
Sold by
Hughes Michael F and Hughes Christy Lee Chappell
Bought by
Kincaid Sefton Mccarty and Wright Quenton Jacquelyn Kincaid
Current Estimated Value
$391,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2005
Sold by
Massey Paula
Bought by
Hughes Michael F and Hughes Christy Lee Chappell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.79%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 8, 2004
Sold by
Schumacher Merry V
Bought by
Massey Gary E and Massey Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kincaid Sefton Mccarty $225,000 Ntc
Hughes Michael F $175,000 --
Massey Gary E $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kincaid Sefton Mccarty $168,750
Previous Owner Hughes Michael F $140,000
Previous Owner Massey Gary E $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2019 08/28/19 Sold $225,000 -18.2% $100 / Sq Ft
05/24/2019 05/24/19 Pending -- -- --
05/20/2019 05/20/19 Price Changed $275,000 -8.3% $123 / Sq Ft
05/16/2019 05/16/19 For Sale $299,900 -- $134 / 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
2025 $1,904 $205,400 $49,800 $155,600
2024 $1,904 $205,400 $49,800 $155,600
2023 $1,904 $205,400 $49,800 $155,600
2022 $1,830 $205,400 $0 $0
2021 $1,830 $205,400 $0 $0
2020 $1,733 $180,900 $0 $0
2019 $1,733 $180,900 $0 $0
2018 $1,733 $180,900 $0 $0
2017 $1,751 $114,000 $0 $0
2016 $1,230 $114,000 $0 $0
2015 $1,230 $114,000 $0 $0
2014 $1,213 $114,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3506254

Canopy MLS (Canopy Realtor® Association)

APN: 9647-78-3414-00000