NOT LISTED FOR SALE

Estimated Value: $493,000 - $609,421

4 Beds
4 Baths
2,014 Sq Ft
$279/Sq Ft Est. Value

Last Sold April 11, 2024

Last sale price $590,000 $293 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,218/month

112 Days on Market

Highlights

  • Living Room
  • Four Sided Brick Exterior Elevation
  • Washer and Dryer
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of April 2024

Better than investing in Stock!!! Super Convenient, Well-Established, Triplex in HOT, West Asheville!! This All One-Level Investment Property has a solid, brick, ranch-style Duplex (Unit A) w/ a new tenant at $1425 per month. Unit B is rented at $1200/month & Unit C, a single family cute, cottage-style, modern, bungalow w/a red metal roof adds to your income w/tenants already in place at $1500/month! Duplex Units A & B are: 1 BR, 1 BA w/hardwood floors, new paint & each w/their own backyard, privacy decks! Unit A has granite in the kitchen while Unit B has more privacy. Unit C is a newer, 2 BR, 2 BA, home w/hardwood flooring, granite countertops, stainless steel appliances and tile in the bathrooms. Unit C also has a covered front porch and parking in front w/a larger space next to it. All this in a quiet, sweet, West Asheville neighborhood w/no thru traffic that is a mixture of original and newer, modern built homes! Your Investment Opportunity is Here!!!

Last Agent to Sell the Property

Maria Cavallo-Cook

Love Asheville Realty Brokerage Email: LoveAshevilleRealty@gmail.com License #216743 Listed on: 11/08/2023

Last Buyer's Agent

Rebecca Loomer

Fox Den Realty License #293381

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 10,019

Parking

  • Shared Driveway

Home Design

  • Triplex
  • Four Sided Brick Exterior Elevation
  • Hardboard

Interior Spaces

  • 2,014 Sq Ft Home
  • Living Room
  • Crawl Space

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Oakcrest Village Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for exterior maintenance
  • Assessor Parcel Number 9628-44-7535-00000
  • Tax Block 46

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Architectural Style: Other
  • Year Built: 1967
  • Special Assessment Description: none
  • Proposed Special Assessment Desc: none
  • Road Surface Type: Gravel, Paved
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: LoveAshevilleRealty@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Room Other: Bedroom(s),Bathroom(s),Kitchen,Living Room,Laundry
  • Appliances: Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer, Washer/Dryer
  • Owner Pays: Exterior Maintenance
  • Basement YN: No
  • Living Area: 2014

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Brick Full, Hardboard Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway, Parking Space(s), Shared Driveway

Utilities

  • Heating: Central, Electric, Forced Air, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: In Unit, Laundry Closet, Main Level
  • Cooling: Central Air, Window Unit(s)
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 9628-44-7535-00000
  • Plat Book Slide: 169
  • Plat Reference Section Pages: 49
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RM8

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Tax Info

  • Tax Block: 46

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2023
Closed on
Apr 6, 2024
Sold by
Chad Alan Rokeach Living Trust and Rokeach Chad Alan
Bought by
Phillips Pace Porter and Burke Laura Erin
Seller's Agent
Maria Cavallo-Cook
Love Asheville Realty
Buyer's Agent
Rebecca Loomer
Fox Den Realty
List Price
$599,500
Sold Price
$590,000
Premium/Discount to List
-$9,500
-1.58%
Views
270
Current Estimated Value
$561,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,193
Avg. Annual Appreciation
-2.77%
Original Mortgage
$423,750
Outstanding Balance
$407,344
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$154,463

Purchase Details

Closed on
Oct 18, 2012
Sold by
Kennedy Timothy W and Ferriero John D
Bought by
T And N North Carolina Properties Llc

Purchase Details

Closed on
Apr 27, 2010
Sold by
Kennedy Timothy W
Bought by
Kennedy Timothy W and Ferreiro John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2010
Sold by
Phoenix Housing Group Inc
Bought by
Kennedy Timothy W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.97%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Phillips Pace Porter $590,000 None Listed On Document
T And N North Carolina Properties Llc -- None Available
Kennedy Timothy W -- None Available
Kennedy Timothy W $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips Pace Porter $423,750
Previous Owner Kennedy Timothy W $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/11/2024 04/11/24 Sold $590,000 -1.6% $293 / Sq Ft
11/07/2023 11/07/23 For Sale $599,500 +12.7% $298 / Sq Ft
04/08/2022 04/08/22 Sold $532,000 +1.3% $267 / Sq Ft View Prior Sale
03/23/2022 03/23/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $525,000 -- $264 / 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
2025 $3,392 $366,000 $43,500 $322,500
2024 $3,392 $366,000 $53,500 $312,500
2023 $3,392 $366,000 $53,500 $312,500
2022 $2,760 $309,800 $0 $0
2021 $2,760 $309,800 $0 $0
2020 $2,403 $250,900 $0 $0
2019 $2,403 $250,900 $0 $0
2018 $1,309 $136,700 $0 $0
2017 $1,323 $104,900 $0 $0
2016 $1,132 $104,900 $0 $0
2015 $1,132 $104,900 $0 $0
2014 $1,116 $104,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4084317

Canopy MLS (Canopy Realtor® Association)

APN: 9628-44-7535-00000