NOT LISTED FOR SALE

309 Magnolia Ridge Rd Swannanoa, NC 28778

Estimated Value: $561,000 - $616,000

3 Beds
2.5 Baths
2,132 Sq Ft
$279/Sq Ft Est. Value

Last Sold September 06, 2023

Last sale price $573,000 $269 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,285/month

87 Days on Market

Highlights

  • New Construction
  • Deck
  • Covered Patio or Porch
  • Open Floorplan
  • Wood Flooring
  • 2 Car Attached Garage

About This Home

As of September 2023

CONSTRUCTION COMPLETE!! 3 bedroom, 2.5 bath new construction by well known local builder in the Bee Tree community of Swannanoa. Main floor offers an open floor plan featuring beautiful kitchen with stone countertops and island, dining area and spacious living room. Upstairs you will find the primary bedroom with ensuite bathroom as well as two additional bedrooms and one bathroom. One of the few in the neighborhood to have finished basement space as well as a two car garage. Stunning mountain view that can be seen from the covered side deck and multiple rooms in the house. Magnolia Ridge is a new home community close to WD Williams Elementary, and Warren Wilson College and is conveniently located to both Asheville and Black Mountain.

Last Agent to Sell the Property

Katie Myers

Realty ONE Group Pivot Hendersonville License #319632 Listed on: 05/10/2023

Realty ONE Group Pivot Hendersonville

Last Buyer's Agent

Donette Moore-Douglass

Allen Tate/Beverly-Hanks Freestone Properties License #229189

Allen Tate/Beverly-Hanks Freestone Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $229

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 4,356

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Driveway

Home Design

  • Hardboard

Interior Spaces

  • 2-Story Property
  • Open Floorplan

Kitchen

  • Electric Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Partially Finished Basement

  • Interior and Exterior Basement Entry
  • Basement Storage

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Wd Williams Elementary School
  • Charles D Owen Middle School
  • Charles D Owen High School

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Built by Hazel Creek Construction LLC
  • Magnolia Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 968918209300000

Home Details

Home Type

Single Family

Est. Annual Taxes

$229

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2023
  • Restrictions: Subdivision
  • Proposed Completion Date: 2023-08-04
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 268.76
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Special Features: NewHome

Interior Features

  • Foundation Details: Basement
  • Fireplace: No
  • Flooring: Tile, Vinyl, Wood
  • Interior Amenities: Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 922
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 56
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 56
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 886
  • Appliances: Dishwasher, Disposal, Electric Range, Refrigerator
  • Above Grade Finished Sq Ft: 1808
  • Has Basement: Basement Garage Door, Exterior Entry, Interior Entry, Partially Finished, Storage Space
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 324
  • Living Area: 2132
  • Bedroom Main: 0
  • Room Count: 12
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Hardboard Siding
  • Patio And Porch Features: Covered, Deck, Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Upper Level
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Charles D Owen
  • HOA Subject To: Required

Lot Info

  • Lot Features: Views
  • Lot Size Area: 0.1
  • Lot Size Units: Acres
  • Parcel Number: 968918209300000
  • Plat Book Slide: 208/69
  • Development Status: Completed
  • ResoLotSizeUnits: Acres
  • Zoning Specification: None

Building Info

  • Builder Name: Hazel Creek Construction LLC

MLS Schools

  • Elementary School: WD Williams
  • High School: Charles D Owen

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2023
Closed on
Aug 29, 2023
Sold by
Hazel Creek Construction Llc
Bought by
Fariss Brent Thomas and Fariss Jessica Leigh
Seller's Agent
Katie Myers
Realty ONE Group Pivot Hendersonville
Buyer's Agent
Donette Moore-Douglass
Allen Tate/Beverly-Hanks Freestone Properties
List Price
$575,900
Sold Price
$573,000
Premium/Discount to List
-$2,900
-0.5%
Views
72
Current Estimated Value
$596,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,517
Avg. Annual Appreciation
2.25%
Original Mortgage
$173,000
Outstanding Balance
$168,899
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$429,433
Source: Public Records

Range of Values:

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Average Value
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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
Fariss Brent Thomas -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fariss Brent Thomas $173,000
Previous Owner Hazel Creek Construction Llc $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2023 09/06/23 Sold $573,000 -0.5% $269 / Sq Ft
05/10/2023 05/10/23 For Sale $575,900 -- $270 / 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
2023 $229 $35,900 $35,900 $0
2022 $225 $35,900 $0 $0
2021 $225 $35,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4027362

Canopy MLS (Canopy Realtor® Association)

APN: 9689-18-2093-00000