NOT LISTED FOR SALE

38 S Kaufman Stone Way Unit 540 Biltmore Lake, NC 28715

Estimated Value: $748,202 - $886,000

3 Beds
2.5 Baths
2,656 Sq Ft
$627/mo HOA Fee

Last Sold February 03, 2020

Last sale price $531,000 $200 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $5,197/month

62 Days on Market

Highlights

  • Gated Community
  • Community Lake
  • Lawn
  • Open Floorplan
  • Clubhouse
  • Tennis Courts

About This Home

As of February 2020

Beautifully appointed and well maintained end unit in desirable Rockfish Cove at Biltmore Lake! This perfectly situated townhouse offers end of the street privacy, nice wooded views, and multiple outdoor living spaces in a gated section of the neighborhood. The open floor plan is comfortable and inviting with all of your daily living needs on the main level (master bedroom, kitchen, laundry, 2nd bedroom/office, dining areas, garage, and two porches...) Downstairs offers a guest suite and large family room with another amazing porch. The exterior and landscape maintenance is taken care of by the HOA, so relax and enjoy your new home. Close to lake, trails, boating, and everything else Biltmore Lake has to offer.

Last Agent to Sell the Property

Jamie Turner

Howard Hanna Beverly-Hanks Asheville-Biltmore Park License #237967 Listed on: 08/27/2019

Last Buyer's Agent

Gretchen Lewis

Town and Mountain Realty License #279376

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2013

Lot Details

  • Irrigation
  • Many Trees
  • Lawn

HOA Fees

  • $627 Monthly HOA Fees

Parking

  • 2

Home Design

  • Stone Siding

Interior Spaces

  • Open Floorplan
  • Gas Log Fireplace

Listing and Financial Details

  • Assessor Parcel Number 9606-96-8763-00000
  • Tax Block G2

Community Details

Overview

  • First Service Residential Association, Phone Number (828) 670-8293
  • Community Lake

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Trails

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 2013

Lot Details

0

HOA Fees

$627 per month

Parking

2

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 1 Story Basement
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.96545
  • Ratio Close Price By Original Li: 0.96545
  • Ratio Current Price By Acre: 6637500.00
  • Ratio Current Price By Sq Ft: 199.92
  • Unit Floor Level: 1
  • Year Built: 2013
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Inside Entrance, Basement Partially Finished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Entry Level: Main
  • Equipment: Dishwasher, Disposal, Gas Oven, Gas Range, Microwave
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • H O A Management Phone: 828-670-8293
  • Interior Amenities: Open Floorplan, Split BR Plan, Vaulted Ceiling
  • Laundry Location: Main
  • Room Count: 2
  • Sq Ft Basement: 1004
  • Main Level Sq Ft: 1652
  • Total Sq Ft: 2656
  • Sq Ft Unheated Basement: 200
  • Sq Ft Unheated Total: 200

Exterior Features

  • Construction: Fiber Cement, Stone
  • Construction Type: Site Built
  • Exterior Features: In-Ground Irrigation, Lawn Maintenance

Garage/Parking

  • Driveway: Asphalt
  • Parking: Garage - 2 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Club House, Gated Community, Lake, Playground, Recreation Area, Street Lights, Tennis Court(s), Walking Trails
  • Association Fee: 1880.00
  • Association Fee Frequency: Quarterly
  • Complex Name: Biltmore Lake
  • HOA Management Company: FIRST SERVICE RESIDENTIAL
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Hominy Valley/Enka
  • Middle School: Enka
  • High School: Enka

Lot Info

  • Land Included Yn: Yes
  • Lot Features: Cul-de-sac Lot, Level, Rolling, Trees
  • Lot Size Area: 0.080
  • Parcel Number: 9606-96-8763-00000
  • Zoning Specification: R-2

Tax Info

  • Tax Value: 456900.00
  • Tax Block: G2
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2019
Closed on
Jan 30, 2020
Sold by
Olivero Luis and Olivero Patricia
Bought by
Knapp Michael J and Knapp Susan G
Seller's Agent
Jamie Turner
Howard Hanna Beverly-Hanks Asheville-Biltmore Park
Buyer's Agent
Gretchen Lewis
Town and Mountain Realty
List Price
$550,000
Sold Price
$531,000
Premium/Discount to List
-$19,000
-3.45%
Current Estimated Value
$809,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,551
Avg. Annual Appreciation
7.69%
Original Mortgage
$424,800
Outstanding Balance
$376,843
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$432,708

Purchase Details

Closed on
Apr 25, 2014
Sold by
Biltmore Lake Llc
Bought by
Olivero Luis and Olivero Patricia
Source: Public Records

Range of Values:

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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
Knapp Michael J $531,000 None Available
Olivero Luis $414,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knapp Michael J $424,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2020 02/03/20 Sold $531,000 -3.5% $200 / Sq Ft
10/28/2019 10/28/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $550,000 -- $207 / 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 $3,331 $522,400 $60,000 $462,400
2024 $3,331 $522,400 $60,000 $462,400
2023 $3,331 $522,400 $60,000 $462,400
2022 $3,098 $522,400 $0 $0
2021 $3,098 $522,400 $0 $0
2020 $2,897 $456,900 $0 $0
2019 $2,897 $456,900 $0 $0
2018 $2,828 $456,900 $0 $0
2017 $2,874 $411,700 $0 $0
2016 $2,857 $411,700 $0 $0
2015 $2,857 $411,700 $0 $0
2014 $1,610 $232,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3544280

Canopy MLS (Canopy Realtor® Association)

APN: 9606-96-8763-00000