NOT LISTED FOR SALE

25 & 35 Magnolia Farms Dr Unit 4 & 5 Asheville, NC 28806

West Asheville Neighborhood

Estimated Value: $114,000 - $561,000

1.47 Acres
$202,721 Price per Acre
64,033 Sq Ft Lot

Last Sold December 13, 2019

Last sale price $125,000

Est. 138% increase in value since last sale

Current estimated payment $1,606/month

6 Days on Market

About This Lot

As of December 2019

Prime lots in Magnolia Farms! 10 min to downtown Asheville in an established neighborhood with large lots and nice homes. Great year-round mountain views from this lot! Already mostly cleared and ready for your building plans.

Last Agent to Sell the Property

Heidi DuBose

Unique: A Real Estate Collective License #255754 Listed on: 11/30/2019

Last Buyer's Agent

Karen Black

Nest Realty Asheville License #299355

Nest Realty Asheville

Property Details

Property Type

  • Land

Lot Details

Utilities

  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 9720-50-5804-00000 + 9720-50-6758-00000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.83333
  • Ratio Close Price By Original Li: 0.83333
  • Ratio Current Price By Acre: 85034.01
  • Special Features: None

Utilities

  • Sewer: Septic Installed
  • Water: City Water

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Parcel Number: 9720-50-5804-00000 + 9720-50-6758-00000
  • Zoning Specification: OU
  • Plat Book Slide: 108/144
  • Plat Reference Section Pages: 0577 & 002

Tax Info

  • Tax Value: 113200.00
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2019
Closed on
Dec 11, 2019
Sold by
Kala Matti and Kala Kathy
Bought by
Korolchuk Sergey and Korolchuk Ruf
Seller's Agent
Heidi DuBose
Unique: A Real Estate Collective
Buyer's Agent
Karen Black
Nest Realty Asheville
List Price
$150,000
Sold Price
$125,000
Premium/Discount to List
-$25,000
-16.67%
Current Estimated Value
$298,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,000
Avg. Annual Appreciation
15.72%

Purchase Details

Closed on
Jan 21, 2007
Sold by
R & B Farms Llc
Bought by
Kala Matti and Kala Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,110
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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
Korolchuk Sergey $125,000 None Available
Kala Matti $82,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kala Matti $76,110
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2019 12/13/19 Sold $125,000 -16.7% --
12/06/2019 12/06/19 Pending -- -- --
11/30/2019 11/30/19 For Sale $150,000 -- --
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
2025 -- $67,300 $67,300 --
2024 -- $67,300 $67,300 --
2023 $426 $67,300 $67,300 $0
2022 $419 $67,300 $0 $0
2021 $419 $67,300 $0 $0
2020 $398 $59,500 $0 $0
2019 $398 $59,500 $0 $0
2018 $392 $59,500 $0 $0
2017 $392 $49,600 $0 $0
2016 $359 $49,600 $0 $0
2015 $359 $49,600 $0 $0
2014 $349 $49,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3572769

Canopy MLS (Canopy Realtor® Association)

APN: 9720-50-6758-00000