NOT LISTED FOR SALE

337 1st Ave W Hendersonville, NC 28739

Estimated Value: $573,000 - $622,000

14 Beds
8 Baths
4,330 Sq Ft
$138/Sq Ft Est. Value

Last Sold July 27, 2023

Last sale price $600,000 $139 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,329/month

Highlights

  • Second Kitchen
  • City View
  • Front Porch
  • Hendersonville High School Rated A-
  • Corner Lot
  • Living Room

About This Home

As of July 2023

Unique investor opportunity a stone's throw from Main Street! Don't miss your chance to own this 14-unit rental property offering flexible payment options and a prime downtown location. This property promises not only attractive rental income but also the opportunity to own a part of the Downtown grid. Rent is affordable and paid on a weekly or monthly basis. Owner financing available and proof of funds for 20% minimum down payment will be required prior to scheduling any showings. Seller will be placing restrictions on the property at the time of sale to state that the operation must continue to be run the same way for 3 years after closing and no tenants can be evicted as long as they are making payments, acting lawfully and not causing significant property damage. These restrictions will be drafted by an attorney prior to closing along with seller financing terms.

Last Agent to Sell the Property

Rosie Dugan

Berkshire Hathaway HomeServices Brokerage Email: rosiedugan@bhhslp.com License #306384 Listed on: 06/09/2023

Berkshire Hathaway HomeServices

Last Buyer's Agent

Shirley Johnes

Century 21 Mountain Lifestyles/S. Hend License #152146

Century 21 Mountain Lifestyles/S. Hend

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,339

Year Built

  • Built in 1940

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Metal Roof
  • Wood Siding

Interior Spaces

  • 4,330 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Dining Area
  • City Views
  • Crawl Space
  • Home Security System

Kitchen

  • Second Kitchen
  • Microwave

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Full Bathrooms

Schools

  • Hendersonville Elementary And Middle School
  • Hendersonville High School

Additional Features

  • Front Porch
  • Heat Pump System

Listing and Financial Details

  • The owner pays for all utilities, electricity, exterior maintenance, gas, sewer, trash collection, water, - see remarks
  • Assessor Parcel Number 101297

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,339

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Eightplex+
  • Architectural Style: Other
  • Year Built: 1940
  • Restrictions: Deed,Other - See Remarks
  • Restrictions Description: Seller will place restrictions on the property for 3 years at closing.
  • Road Surface Type: None, Paved
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: rosiedugan@bhhslp.com
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Sq Ft Unheated Basement: 0
  • Room Other: Bedroom(s),Bathroom(s),Kitchen,Living Room,Dining Area,2nd Kitchen
  • Appliances: Microwave, Refrigerator
  • Owner Pays: All Utilities, Electricity, Exterior Maintenance, Gas, Sewer, Trash Collection, Water, Other - See Remarks
  • Basement YN: No
  • Full Bathrooms: 8
  • Total Bedrooms: 14
  • Living Area: 4330
  • Building Stories: 2

Exterior Features

  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • View: City
  • Waterfront Features: None
  • Construction Type: Wood
  • Patio And Porch Features: Front Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: On Street

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: None
  • Security: Security System
  • Cooling: Heat Pump
  • Utilities: Gas
  • Water Source: City

Condo/Co-op/Association

  • Complex Name: None
  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Corner Lot, Level
  • Lot Size Units: Acres
  • Parcel Number: 101297
  • Zoning: CMU
  • Additional Parcels Description: 101298
  • ResoLotSizeUnits: Acres
  • Zoning Specification: CMU

Rental Info

  • Tenant Pays: None
  • Pets Allowed: Conditional

Multi Family

  • Number Of Units Total: 14

MLS Schools

  • Elementary School: Hendersonville
  • High School: Hendersonville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2024
Sold by
Johnes Matthew S and Klepper-Johnes Sonya C
Bought by
Matt Johnes Llc
Current Estimated Value
$595,796

Purchase Details

Listed on
Jun 9, 2023
Closed on
Jul 24, 2023
Sold by
First Avenue Properties Inc
Bought by
Johns Matthew S
Seller's Agent
Rosie Dugan
Berkshire Hathaway HomeServices
Buyer's Agent
Shirley Johnes
Century 21 Mountain Lifestyles/S. Hend
List Price
$550,000
Sold Price
$600,000
Premium/Discount to List
$50,000
9.09%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.31%
Original Mortgage
$480,000
Interest Rate
6.69%
Mortgage Type
Seller Take Back
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
Matt Johnes Llc -- None Listed On Document
Johns Matthew S $600,000 None Listed On Document
Johns Matthew S $600,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johns Matthew S $480,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2023 07/27/23 Sold $600,000 +9.1% $139 / Sq Ft
06/10/2023 06/10/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $550,000 -- $127 / 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 $2,339 $245,900 $43,700 $202,200
2024 $2,339 $245,900 $43,700 $202,200
2023 $2,265 $245,900 $43,700 $202,200
2022 $1,733 $160,300 $43,700 $116,600
2021 $1,733 $160,300 $43,700 $116,600
2020 $1,685 $160,300 $0 $0
2019 $1,685 $160,300 $0 $0
2018 $697 $123,300 $0 $0
2017 $697 $123,300 $0 $0
2016 $697 $123,300 $0 $0
2015 -- $123,300 $0 $0
2014 -- $122,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4037468

Canopy MLS (Canopy Realtor® Association)

APN: 0101297