NOT LISTED FOR SALE

33 Lake Wood Ave Black Mountain, NC 28711

Estimated Value: $866,000 - $1,220,000

3 Beds
3 Baths
3,570 Sq Ft
$281/Sq Ft Est. Value

Last Sold June 21, 2021

Last sale price $645,000 $181 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $5,728/month

4 Days on Market

Highlights

  • Building Helipad
  • Private Lot
  • Fireplace
  • Gated Community
  • Wood Flooring
  • Walk-In Closet

About This Home

As of June 2021

Beautiful year-round mountain views and a park like setting in desirable Laurel Ridge gated community. Abundant wildlife, gorgeous views, community water system, paved roads, fire substation and underground utilities all surrounded by protected watershed lands with a guaranteed forever view. This home sits on 1.63 acres and is about 10 minutes from downtown Black Mountain. Located in a mountain community where wildflowers, rhododendron and mountain laurels abound. 3 bedroom 3 bath with 2 bonus rooms, a sunroom, finished basement with home gym, entertainment/theatre and workshop. This is a quiet, serene setting you can call home. Large walk-in attic for extra storage. Luxury dog kennel/quarters that matches the home. Short-term rentals are allowed. Agent must accompany.

Last Agent to Sell the Property

Mary Noble Braden

Noble & Company Realty License #248568 Listed on: 05/08/2021

Co-Listed By

Shayne Hollifield

Noble & Company Realty License #301662

Last Buyer's Agent

Charles Jones Jr

Keller Williams - Black Mtn. License #256870

Keller Williams - Black Mtn.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1998

Lot Details

  • 1.63

HOA Fees

  • $138 Monthly HOA Fees

Parking

  • 2

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms
  • Garden Bath

Additional Features

  • Fireplace
  • Private Lot
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 979191351200000

Community Details

Overview

  • Laurel Ridge Property Owners Association

Additional Features

  • Building Helipad
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 1998

Lot Details

0

HOA Fees

$138 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.00939
  • Ratio Close Price By Original Li: 1.00939
  • Ratio Current Price By Acre: 395705.52
  • Ratio Current Price By Sq Ft: 180.67
  • Year Built: 1998
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Inside Entrance, Basement Outside Entrance
  • Upper Level Sq Ft: 409
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Basement Shop, Garden Tub, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 3
  • Sq Ft Basement: 1210
  • Main Level Sq Ft: 1951
  • Total Sq Ft: 3570
  • Sq Ft Unheated Basement: 760
  • Sq Ft Unheated Total: 760

Exterior Features

  • Construction: Fiber Cement
  • Construction Type: Site Built
  • Exterior Features: Underground Power Lines

Garage/Parking

  • Driveway: Asphalt
  • Parking: Garage - 2 Car

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Community Well
  • Water Heater: g-On-Demand Water Heater

Condo/Co-op/Association

  • Community Features: Gated Community, Helipad
  • Association Fee: 1650.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Laurel Ridge Property Owners Association
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Features: Adjoins Nat/State Forest, Long Range View, Mountain View, Private
  • Lot Size Area: 1.630
  • Parcel Number: 979191351200000
  • Plat Reference Section Pages: 62-20
  • Zoning Specification: RES

Tax Info

  • Tax Value: 420600.00
  • Tax Location: Black Mountain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2021
Closed on
Jun 10, 2021
Sold by
Runkles Gerald W and Runkles Randi
Bought by
Farley John J and Farley Lila L
Seller's Agent
Mary Noble Braden
Noble & Company Realty
Buyer's Agent
Charles Jones Jr
Keller Williams - Black Mtn.
List Price
$639,000
Sold Price
$645,000
Premium/Discount to List
$6,000
0.94%
Current Estimated Value
$1,001,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,443
Avg. Annual Appreciation
10.93%
Original Mortgage
$350,000
Outstanding Balance
$318,944
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$682,499

Purchase Details

Listed on
Jul 15, 2014
Closed on
Nov 6, 2014
Sold by
Martin James Stephen and Martin Evelyn
Bought by
Runkles Gerald W and Runkles Randi
Seller's Agent
Scott Russell
Howard Hanna Beverly-Hanks Freestone Properties
Buyer's Agent
Karen King-Smith
Howard Hanna Beverly-Hanks Asheville-Downtown
List Price
$359,000
Sold Price
$336,000
Premium/Discount to List
-$23,000
-6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.35%
Original Mortgage
$347,088
Interest Rate
4.16%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Farley John J $645,000 None Available
Runkles Gerald W $336,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farley John J $350,000
Previous Owner Runkles Gerald W $347,088
Previous Owner Martin Jim S $50,000
Previous Owner Martin Jim S $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2021 06/21/21 Sold $645,000 +0.9% $181 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/08/2021 05/08/21 For Sale $639,000 +90.2% $179 / Sq Ft
11/07/2014 11/07/14 Sold $336,000 -6.4% $97 / Sq Ft
10/08/2014 10/08/14 Pending -- -- --
07/15/2014 07/15/14 For Sale $359,000 -- $104 / 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 $3,612 $578,400 $96,000 $482,400
2023 $3,612 $573,300 $96,000 $477,300
2022 $3,411 $573,300 $0 $0
2021 $2,502 $420,600 $0 $0
2020 $2,434 $375,100 $0 $0
2019 $2,434 $375,100 $0 $0
2018 $2,434 $375,100 $0 $0
2017 $2,393 $324,000 $0 $0
2016 $2,278 $324,000 $0 $0
2015 $2,278 $324,000 $0 $0
2014 $2,402 $341,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3703042

Canopy MLS (Canopy Realtor® Association)

APN: 9791-91-3512-00000