NOT LISTED FOR SALE

38 Olde Covington Way Arden, NC 28704

Estimated Value: $301,000 - $370,000

2 Beds
2 Baths
1,160 Sq Ft
10,454 Sq Ft Lot

Last Sold May 29, 2015

Last sale price $162,000 $140 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $1,938/month

40 Days on Market

Highlights

  • Cathedral Ceiling
  • Corner Lot
  • Breakfast Bar
  • Glen Arden Elementary School Rated A-
  • Walk-In Closet
  • Vinyl Flooring

About This Home

As of May 2015

Rare opportunity to own a one level end unit in Covington Crossing. Unit has an open floor plan withhigh cathedral ceilings in the great room with cozy gas log fireplace. Large kitchen/dining combinationwith access to all season sun room. Nice end unit lot offers side and back yard. Back yard is private withno close neighbor. Nice warm interior paint. Shows well!

Last Agent to Sell the Property

Julie May

Keller Williams Professionals License #191512 Listed on: 03/20/2015

Keller Williams Professionals

Last Buyer's Agent

Peggy Guy

Peggy Guy Real Estate License #244414

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,296

Year Built

  • Built in 2002

Lot Details

  • 10,454

Parking

  • 1

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Cathedral Ceiling
  • Gas Log Fireplace
  • Insulated Windows
  • Window Treatments
  • Vinyl Flooring
  • Breakfast Bar

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Additional Features

  • Level Lot
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 965378606500000

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,296

Year Built

Built in 2002

Lot Details

0

Parking

1

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 0.95858
  • Ratio Close Price By Original Li: 0.92571
  • Ratio Current Price By Acre: 675000.00
  • Ratio Current Price By Sq Ft: 139.66
  • Unit Floor Level: 1
  • Year Built: 2002
  • Special Features: Auction
  • Stories: 1

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Doors and Windows: Insulated Windows, g-Insulated Door(s)
  • Equipment: Ceiling Fan(s), Disposal, Dryer, Dishwasher, Electric Range, Refrigerator, Washer, Electric Oven
  • Fireplace Description: Gas Unvented, Gas Logs
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Breakfast Bar, Cable Available, Cathedral Ceiling(s), Walk-In Closet(s), Window Treatments
  • Room Count: 2
  • Main Level Sq Ft: 1160
  • Total Sq Ft: 1160

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Garage - 1 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee: 125.00

Schools

  • Elementary School: Glen Arden/Koontz
  • Middle School: Valley Springs
  • High School: T.C. Roberson

Lot Info

  • Lot Features: Corner Lot, Level, Paved Frontage
  • Lot Size Area: 0.240
  • Parcel Number: 965378606500000
  • Plat Reference Section Pages: 4429
  • Zoning Specification: R-2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2021
Sold by
Kochan Lorraine
Bought by
Kochan Lorraine and Lorraine Kochan Revocable Trus
Total Days on Market
40
Current Estimated Value
$344,711

Purchase Details

Listed on
Mar 20, 2015
Closed on
May 29, 2015
Sold by
Edwards Lesley E and Drum Lesley E
Bought by
Kochan Lorraine
Seller's Agent
Julie May
Keller Williams Professionals
Buyer's Agent
Peggy Guy
Peggy Guy Real Estate
List Price
$175,000
Sold Price
$162,000
Premium/Discount to List
-$13,000
-7.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.91%

Purchase Details

Closed on
May 2, 2008
Sold by
Edwards Lesley Elizabeth and Drum Lesley Edwards
Bought by
Edwards Lesley Elizabeth

Purchase Details

Closed on
Jun 25, 2007
Sold by
Parrish Everette E
Bought by
Drum Lesley Edwards

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,050
Interest Rate
6.37%
Mortgage Type
Stand Alone Second
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
Kochan Lorraine -- None Available
Kochan Lorraine $162,000 --
Kochan Lorraine $162,000 --
Edwards Lesley Elizabeth -- None Available
Drum Lesley Edwards $150,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edwards Lesley Elizabeth $113,400
Previous Owner Drum Lesley E $22,050
Previous Owner Drum Lesley Edwards $120,000
Previous Owner Parrish Everette E $85,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2015 05/29/15 Sold $162,000 -7.4% $140 / Sq Ft
04/29/2015 04/29/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $175,000 -- $151 / 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 $1,296 $210,600 $36,500 $174,100
2022 $1,234 $210,600 $0 $0
2021 $1,234 $210,600 $0 $0
2020 $1,055 $167,500 $0 $0
2019 $1,055 $167,500 $0 $0
2018 $1,055 $167,500 $0 $0
2017 $1,055 $136,300 $0 $0
2016 $947 $136,300 $0 $0
2015 $947 $136,300 $0 $0
2014 $947 $136,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM579513

Canopy MLS (Canopy Realtor® Association)

APN: 9653-78-6065-00000