NOT LISTED FOR SALE

Estimated Value: $637,000 - $918,000

2 Beds
2 Baths
1,023 Sq Ft
$270/mo HOA Fee

Last Sold June 28, 2021

Last sale price $705,000 $689 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,012/month

12 Days on Market

Highlights

  • Open Floorplan
  • Traditional Architecture
  • Wood Flooring
  • Asheville High Rated A-
  • Cathedral Ceiling
  • 1-minute walk to Pritchard Park

About This Home

As of June 2021

Rare turnkey successful vacation rental Loft in the heart of Downtown. Legal grandfathered short term rental. 2 bd/ 2 bath, master suite boasts it's own entrance and can be closed off for separate rental or private owners retreat. 2nd floor unit with easy access via steps or elevator. Excellent rental history. All items convey with a few exceptions. Live your mountain dream with this exceptional opportunity to own one of the very few legal vacation rentals downtown. Parking right across the street in Rankin garage for $12 a day. Showing must be coordinated on the days it's not rented. Current schedule allows showing any time EXCEPT weekends when booked Fri afternoon after 3, Sat and Sun until midday, for the month of May. 62K gross revenue in 2019 with room to improve. Out of town owners are off to other adventures.

Last Agent to Sell the Property

Lyn McFarland

Asheville Bulldog Realty License #267963 Listed on: 05/11/2021

Last Buyer's Agent

Devon Faria

NextHome Partners License #278661

NextHome Partners

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1928

HOA Fees

  • $270 Monthly HOA Fees

Home Design

  • Traditional Architecture

Interior Spaces

  • 2 Full Bathrooms
  • Open Floorplan
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Storage Room

Flooring

  • Wood
  • Tile

Community Details

  • Bill Palas Association, Phone Number (828) 691-7194

Listing and Financial Details

  • Assessor Parcel Number 9649-30-8391-C0202

Property Details

Home Type

Condominium

Year Built

Built in 1928

Lot Details

0

HOA Fees

$270 per month

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 1 Story
  • Architectural Style: Traditional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.04444
  • Ratio Close Price By Original Li: 1.04444
  • Ratio Current Price By Sq Ft: 689.15
  • Unit Floor Level: 2
  • Year Built: 1928
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Block
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Entry Level: Main
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Oven, Electric Range, Refrigerator
  • Fireplace Description: Gas Logs, Gas Unvented
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • H O A Management Phone: 828-691-7194
  • Interior Amenities: Cathedral Ceiling(s), Open Floorplan, Storage Unit
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1023
  • Total Sq Ft: 1023

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built

Utilities

  • Heating: Central Air
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 270.00
  • Association Fee Frequency: Monthly
  • HOA Management Company: BILL PALAS
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Parcel Number: 9649-30-8391-C0202
  • Plat Book Slide: 0000/0000
  • Zoning Specification: CBD

Tax Info

  • Tax Value: 348600.00
  • Tax Location: Asheville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Jun 28, 2021
Sold by
Shryock James E and Shryock Angela M
Bought by
Calle Sierra Llc
Seller's Agent
Lyn McFarland
Asheville Bulldog Realty
Buyer's Agent
Devon Faria
NextHome Partners
List Price
$675,000
Sold Price
$705,000
Premium/Discount to List
$30,000
4.44%
Current Estimated Value
$795,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,386
Avg. Annual Appreciation
2.65%
Original Mortgage
$528,750
Outstanding Balance
$484,928
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$300,394

Purchase Details

Closed on
Apr 7, 2014
Sold by
Corbin Elicia and Corbin Elicia J
Bought by
Shryock James E and Shryock Angela M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Interest Rate
4.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2007
Sold by
Rdcaleb Llc
Bought by
Corbin Elicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 2004
Sold by
Lamb Gail Little
Bought by
Rdcaleb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.01%
Mortgage Type
Construction
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
Calle Sierra Llc $705,000 Austin Title Llc
Shryock James E $437,000 None Available
Corbin Elicia $360,000 None Available
Rdcaleb Llc $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Calle Sierra Llc $528,750
Previous Owner Shryock James E $254,000
Previous Owner Corbin Elicia J $260,050
Previous Owner Corbin Elicia $270,000
Previous Owner Rdcaleb Llc $160,000
Closed Rdcaleb Llc $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2021 06/28/21 Sold $705,000 +4.4% $689 / Sq Ft
05/23/2021 05/23/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $675,000 -- $660 / 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 $4,660 $415,800 $0 $415,800
2022 $4,146 $415,800 $0 $415,800
2021 $4,146 $415,800 $0 $0
2020 $3,758 $348,600 $0 $0
2019 $3,758 $348,600 $0 $0
2018 $3,758 $348,600 $0 $0
2017 $3,792 $269,300 $0 $0
2016 $3,310 $0 $0 $0
2015 $3,310 $269,300 $0 $0
2014 $3,127 $257,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3731099

Canopy MLS (Canopy Realtor® Association)

APN: 9649-30-8391-C0202