NOT LISTED FOR SALE

3 Wedgewood Terrace Unit 1001 Black Mountain, NC 28711

Estimated Value: $783,000 - $1,143,000

3 Beds
3.5 Baths
2,730 Sq Ft
$350/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $825,000 $302 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,516/month

69 Days on Market

Highlights

  • Building Helipad
  • Private Lot
  • Ranch Style House
  • Open Floorplan
  • Wooded Lot
  • Wood Flooring

About This Home

As of July 2022

Views, Views, Views. This well maintained ranch style home has a private/peaceful setting in the gated community of Laurel Ridge. The neighborhood is just 10 minutes from the heart of downtown Black Mountain and has streams, fire station and Helipad. This home is a very rare find in the mountains. Spectacular low maintenance gardens surround this beautiful home. Main level offers views from every room, primary suite, vaulted ceilings, open floor plan, entry hall w/ guest powder room and 2 car garage & large porch. Downstairs include its own great room, dining area, 2 bed/2 bath, fireplace and kitchenette. Tons of light w/ 10' ceilings & has a walkout to the patio (perfect for hot tub), also a view from both of those rooms. Public water supply, gated entrance, community lodge, underground utilities, high speed internet - just to name a few of the qualities of the lifestyle features you are looking for. Neighborhood hiking trails, all roads paved and well maintained, truly a must see.

Last Agent to Sell the Property

Eddie Colley

Keller Williams - Black Mtn. License #257918 Listed on: 04/28/2022

Keller Williams - Black Mtn.

Last Buyer's Agent

Kristin Janes

EXP Realty LLC License #323637

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,271

Year Built

  • Built in 2001

Lot Details

  • Private Lot
  • Paved or Partially Paved Lot
  • Wooded Lot

HOA Fees

  • $158 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Slab Foundation
  • Hardboard

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • Great Room with Fireplace
  • Living Room with Fireplace

Kitchen

  • Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • 1 to 5 Parking Spaces

Outdoor Features

  • Balcony

Schools

  • Black Mountain Elementary School
  • Charles D Owen Middle School
  • Charles D Owen High School

Utilities

  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 0701-22-8723-00000

Community Details

Overview

  • Laurel Ridge Poa, Phone Number (704) 301-0473
  • Laurel Ridge Subdivision
  • Mandatory home owners association

Amenities

  • Building Helipad

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,271

Year Built

Built in 2001

Lot Details

0

HOA Fees

$158 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 2001
  • Ratio Current Price By Acre: 496987.95
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Square Feet,Subdivision
  • Special Assessment Yn: 1
  • Special Assessment Description: $285/quarter assessment for water, trash, recycling & snow removal and
  • Road Surface Type: Asphalt
  • Structure Type: One Story Basement
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Basement Outside Entrance, Slab
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Open Floorplan, Vaulted Ceiling, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1410
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 90
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 90
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Back,Balcony,Covered,Front
  • Appliances: Ceiling Fan(s), Electric Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1320
  • Fireplace Features: Vented, Great Room, Living Room
  • Living Area: 2730
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Waterfront Elevation: 2500
  • Construction Type: Hardboard Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 500
  • Parking Features: Attached Garage, Garage - 2 Car, Parking Space - 4+

Utilities

  • Heating: Heat Pump, Heat Pump
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated, Helipad
  • Association Fee: 1900
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Laurel Ridge POA
  • Phone: 704-301-0473
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Charles D Owen
  • HOA Subject To: Required
  • HOA Email: president@laurelridgepoa.com

Lot Info

  • Lot Features: Long Range View, Mountain View, Paved, Private, Wooded, Views, Year Round View
  • Lot Size Area: 1.66
  • Lot Size Units: Acres
  • Parcel Number: 0701-22-8723-00000
  • Plat Book Slide: 62/197
  • Plat Reference Section Pages: 62/197
  • Zoning Description: RES

Tax Info

  • RATIO List Price By Tax Amount: 2.00779

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Black Mountain
  • High School: Charles D Owen

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2021
Closed on
Oct 8, 2021
Sold by
Mckee Bette T and Goins Bette T
Bought by
Merz Michael and Liu Amy
Seller's Agent
Greg Christner
Coldwell Banker Advantage
Buyer's Agent
Jessica Colley
Keller Williams - Black Mtn.
List Price
$725,000
Sold Price
$660,000
Premium/Discount to List
-$65,000
-8.97%
Current Estimated Value
$954,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,409
Avg. Annual Appreciation
10.44%
Original Mortgage
$528,000
Outstanding Balance
$482,530
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$494,358

Purchase Details

Closed on
Jul 15, 1999
Sold by
Laurel Branch Development Corp
Bought by
Goins Bette T
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Merz Michael $660,000 None Available
Goins Bette T $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merz Michael $528,000
Previous Owner Mckee Bette T $100,000
Previous Owner Mckee William Michael $104,850
Previous Owner Mckee William Michael $100,000
Previous Owner Mckee William Michael $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2022 07/07/22 Sold $825,000 0.0% $302 / Sq Ft
06/01/2022 06/01/22 Price Changed $825,000 -2.9% $302 / Sq Ft
04/28/2022 04/28/22 For Sale $850,000 +28.8% $311 / Sq Ft
10/08/2021 10/08/21 Sold $660,000 -9.0% $241 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $725,000 0.0% $265 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $725,000 0.0% $265 / Sq Ft
07/29/2021 07/29/21 Price Changed $725,000 -3.8% $265 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $753,500 -- $275 / 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
2024 $3,271 $523,800 $92,600 $431,200
2023 $3,271 $523,800 $92,600 $431,200
2022 $2,444 $410,900 $0 $0
2021 $2,422 $407,200 $0 $0
2020 $2,386 $367,600 $0 $0
2019 $2,386 $367,600 $0 $0
2018 $2,386 $367,600 $0 $0
2017 $2,345 $334,100 $0 $0
2016 $2,349 $334,100 $0 $0
2015 $2,349 $334,100 $0 $0
2014 $2,349 $334,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3851621

Canopy MLS (Canopy Realtor® Association)

APN: 0701-22-8723-00000