$1,300,000
SOLD APR 24, 2025

220 Ledbetter Rd Arden, NC 28704

2 Beds
2 Baths
2,375 Sq Ft
236,095 Sq Ft Lot

Recently Sold

$547 Per Sq Ft

24% Below List Price

7 Days on Market

Highlights

  • Barn
  • Open Floorplan
  • Wooded Lot
  • T.C. Roberson High School Rated A
  • Private Lot
  • Ranch Style House

About This Home

As of April 2025

**Investor Alert: 5.42 Acres Zoned R-2** This prime property is ready for development and access to city water, sewer, and natural gas. Its location, just 5 minutes from Biltmore Park and 10 minutes from Asheville Airport, makes it ideal for residential opportunities. Additionally, it's only 10 minutes from downtown Asheville, rich in arts and culture. The land includes a 3-stall barn suitable for animal care and storage, making it perfect for a mini-farm. With endless potential for residential, recreational, or agricultural projects, this property is a valuable investment opportunity. With its unique combination of location, amenities, and potential uses, this property represents a valuable investment opportunity that should not be overlooked. The possibilities are boundless, waiting
for creative visionaries to bring their dreams to fruition. Whether you are looking to build custom homes, establish a mini-farm, this property is poised to meet your goals.

Last Agent to Sell the Property

Chris Morgan

Howard Hanna Beverly-Hanks Asheville-Biltmore Park Brokerage Email: chris.morgan@allentate.com License #286561 Listed on: 08/14/2024

Last Buyer's Agent

Caleb Phillips

Lusso Realty License #281932

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1974

Lot Details

  • Front Green Space
  • Private Lot
  • Level Lot
  • Cleared Lot
  • Wooded Lot
  • Property is zoned R-2

Home Design

  • Ranch Style House
  • Permanent Foundation
  • Wood Siding

Interior Spaces

  • Open Floorplan
  • Central Vacuum
  • Wired For Data
  • Wood Burning Fireplace
  • Partially Finished Basement
  • Walk-Out Basement
  • Laundry in Mud Room

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Carport Spaces
  • Driveway

Outdoor Features

  • Outbuilding
  • Front Porch

Schools

  • Avery's Creek/Koontz Elementary School
  • Valley Springs Middle School
  • T.C. Roberson High School

Farming

  • Barn
  • Pasture

Horse Facilities and Amenities

  • Tack Room
  • Hay Storage

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9634-92-4168-00000

Home Details

Home Type

Single Family

Year Built

Built in 1974

Lot Details

5.42 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1974
  • Restrictions: N/A
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 547.37
  • Geocode Confidence: High
  • Attribution Contact: chris.morgan@allentate.com
  • Special Features: None

Interior Features

  • Foundation Details: Permanent
  • Fireplace: Yes
  • Interior Amenities: Breakfast Bar, Central Vacuum, Open Floorplan, Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1339
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 45
  • Sq Ft Unheated Total: 45
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater
  • Above Grade Finished Sq Ft: 1339
  • Has Basement: Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 1036
  • Fireplace Features: Wood Burning
  • Living Area: 2375
  • Bedroom Main: 2

Exterior Features

  • Exterior Features: Storage
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Wood
  • Other Structures: Barn(s), Hay Storage, Outbuilding
  • Patio And Porch Features: Front Porch, Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Central, Forced Air, Natural Gas
  • Sewer: Septic Installed
  • Laundry Features: Mud Room
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected, Natural Gas, Wired Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: None
  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

  • Middle Or Junior School: Valley Springs
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Green Area, Level, Pasture, Private, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 9634-92-4168-00000
  • Horse Amenities: Barn, Hay Storage, Horses Allowed, Pasture, Tack Room
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-2

MLS Schools

  • Elementary School: Avery's Creek/Koontz
  • High School: T.C. Roberson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2024
Closed on
Apr 18, 2025
Sold by
Gregory Ruth Marie Corn and Gregory David W
Bought by
Amarx Construction Llc
Seller's Agent
Chris Morgan
Howard Hanna Beverly-Hanks Asheville-Biltmore Park
Buyer's Agent
Caleb Phillips
Lusso Realty
List Price
$1,700,000
Sold Price
$1,300,000
Premium/Discount to List
-$400,000
-23.53%
Views
4
Current Estimated Value
$1,269,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,856
Avg. Annual Appreciation
-2.58%
Original Mortgage
$2,588,500
Outstanding Balance
$2,577,010
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$1,307,866

Purchase Details

Closed on
Jul 22, 2002
Sold by
Russell Gregory Jr Eugene and Russell Gregory Elizabeth
Bought by
Gregory Eugene Russell and Tarpley Joy G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $1,300,000 None Listed On Document
Warranty Deed $1,300,000 None Listed On Document
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,588,500 New Conventional
Closed $2,588,500 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2025 04/24/25 Sold $1,300,000 -23.5% $547 / Sq Ft
08/14/2024 08/14/24 For Sale $1,700,000 -- $716 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 -- $401,700 $213,800 $187,900
2024 -- $401,700 $213,800 $187,900
2023 -- $401,700 $213,800 $187,900
2022 $2,354 $401,700 $0 $0
2021 $2,354 $401,700 $0 $0
2020 $2,150 $341,200 $0 $0
2019 $2,150 $341,200 $0 $0
2018 $2,150 $341,200 $0 $0
2017 $2,150 $272,000 $0 $0
2016 $1,890 $272,000 $0 $0
2015 $1,890 $272,000 $0 $0
2014 $1,890 $272,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4172390

Canopy MLS (Canopy Realtor® Association)

APN: 9634-92-4168-00000

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