NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1.39 Acre Lot

Sale Details

Date Sold: December 3, 2015

Last sale price $830,000

263 Days on Market

Highlights

  • 1.39 Acre Lot
  • Forced Air Heating System
  • Level Lot
  • Ranch Style House
  • Baseboard Heating
  • Carpet

About This Home

As of December 2015

Great investment in Black Mountain, NC! 17 units in good shape that stay rented. Over $11K a month in income with low expenses. Newer roofs and some remodeled kitchens. 5 separate buildings with great green space and parking. 5 minutes to downtown Black Mountain and 20 minutes to Asheville. This is a great investment with long term potential. Come see!

Last Agent to Sell the Property

Brent Allen

Patton Allen Real Estate LLC Brokerage Email: brent@kwbrent.com License #204647 Listed on: 01/28/2015

Patton Allen Real Estate LLC

Last Buyer's Agent

Sadhvi Gantenbein

Sadhvi Realty License #193065

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 1.39 Acre Lot
  • Level Lot

Parking

  • 15 Parking Spaces

Home Design

  • Ranch Style House

Flooring

  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • Gross Income $134,592
  • Net Operating Income $116,492

Listing and Financial Details

  • The owner pays for electricity, exterior maintenance, water
  • Assessor Parcel Number 0619-58-4855-00000

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

1.39 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Other
  • Architectural Style: Ranch
  • Year Built: 1980
  • Road Surface Type: Asphalt
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: brent@kwbrent.com
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Sq Ft Unheated Basement: 0
  • Owner Pays: Electricity, Exterior Maintenance, Water

Exterior Features

  • Roof: Shingle

Garage/Parking

  • Total Parking Spaces: 15

Utilities

  • Heating: Baseboard, Electric, Forced Air
  • Sewer: Public Sewer
  • Cooling: None
  • Water Source: City

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 0619-58-4855-00000
  • Plat Reference Section Pages: 2098
  • Lot Size Acres: 1.39
  • Lot Size Sq Ft: 60548
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-1

Multi Family

  • Number Of Units Total: 17
  • Annual Gross Income: 134592

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2015
Closed on
Dec 4, 2015
Bought by
Seller's Agent
Brent Allen
Patton Allen Real Estate LLC
Buyer's Agent
Sadhvi Gantenbein
Sadhvi Realty
List Price
$1,095,000
Sold Price
$830,000
Premium/Discount to List
-$265,000
-24.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,000
Outstanding Balance
$512,840
Interest Rate
3.91%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$830,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $664,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/03/2015 12/03/15 Sold $830,000 -24.2% --
10/18/2015 10/18/15 Pending -- -- --
01/28/2015 01/28/15 For Sale $1,095,000 -- --
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,264 $83,600 $41,000 $42,600
2024 $1,264 $150,700 $41,000 $109,700
2023 $1,264 $150,700 $41,000 $109,700
2022 $1,197 $150,700 $0 $0
2021 $1,197 $150,700 $0 $0
2020 $1,140 $132,300 $0 $0
2019 $1,140 $132,300 $0 $0
2018 $1,140 $132,300 $0 $0
2017 $1,153 $120,200 $0 $0
2016 $1,177 $120,200 $0 $0
2015 $1,177 $120,200 $0 $0
2014 $1,177 $120,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: NCM576624

Canopy MLS
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