NOT LISTED FOR SALE

38 Spicewood Rd Weaverville, NC 28787

Estimated Value: $440,000 - $565,000

4 Beds
4 Baths
1,900 Sq Ft
$265/Sq Ft Est. Value

Last Sold April 04, 2019

Last sale price $239,500 $126 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $2,808/month

87 Days on Market

Highlights

  • Ranch Style House
  • North Buncombe Elementary School Rated 9+
  • Open Lot

About This Home

As of April 2019

10% Cap Rate at list price! Fantastic opportunity to own great income producing property with very little maintenance. Long term tenants, east to rent, for investor or live in one. Long range views from private deck, large eat in kitchen, great access to x-pressway, shopping, 10 minutes to downtown Asheville. Country living in quiet area, rocking chair front porches, this is the investment property to see and a great value! Stackable washer & dryer in 38B convey.

Last Agent to Sell the Property

Dolly Moore

Home Selling Service, LLC License #238798 Listed on: 12/01/2018

Last Buyer's Agent

Caleb Coaplen

Howard Hanna Beverly-Hanks Asheville-Biltmore Park License #265511

Howard Hanna Beverly-Hanks Asheville-Biltmore Park

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2003

Lot Details

  • 0.89

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Ranch Style House
  • Vinyl Siding

Additional Features

  • Laminate Flooring
  • 4 Full Bathrooms
  • Crawl Space
  • Open Lot
  • Septic Tank

Listing and Financial Details

  • Tenant pays for all except water
  • Rent includes water
  • Assessor Parcel Number 9733-01-9215-00000

Property Details

Home Type

Multi-Family

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 0.95800
  • Ratio Close Price By Original Li: 0.87091
  • Ratio Current Price By Acre: 269101.12
  • Ratio Current Price By Sq Ft: 126.05
  • Year Built: 2003
  • Property Features: Range/Oven, Refrigerator
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Equipment: Dryer, Dishwasher, Electric Range, Refrigerator, Washer, Electric Oven
  • Flooring: Carpet, Laminate Wood
  • Laundry Location: Main
  • Total Sq Ft: 1900

Exterior Features

  • Construction: Vinyl
  • Construction Type: Off Frame Modular

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway, Parking Space - 4+

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Schools

  • Elementary School: Weaverville/N. Windy Ridge
  • Middle School: North Buncombe
  • High School: North Buncombe

Lot Info

  • Lot Features: Long Range View, Open Lot, Sloping, Year Round View
  • Lot Size Area: 0.890
  • Parcel Number: 9733-01-9215-00000
  • Zoning Specification: OU

Rental Info

  • Rent Includes: Water
  • Tenant Pays: All except water

Tax Info

  • Tax Value: 234400.00
  • Tax Location: Buncombe

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2018
Closed on
Apr 3, 2019
Sold by
Pensco Trust Company Llc
Bought by
Lynch Serena N and Lynch Jacob E
Seller's Agent
Dolly Moore
Home Selling Service, LLC
Buyer's Agent
Caleb Coaplen
Howard Hanna Beverly-Hanks Asheville-Biltmore Park
List Price
$250,000
Sold Price
$239,500
Premium/Discount to List
-$10,500
-4.2%
Current Estimated Value
$504,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,586
Avg. Annual Appreciation
12.13%
Original Mortgage
$179,650
Outstanding Balance
$156,539
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$347,547

Purchase Details

Closed on
Mar 20, 2017
Sold by
Forrest Samantha C and Sobeck Kathleen A
Bought by
Pensco Trust Company Llc and Tadeusz Drozdowski Ira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2004
Sold by
Spicewood Development Llc
Bought by
Forrest Samantha C and Sobeck Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,200
Interest Rate
5.53%
Mortgage Type
Unknown
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
Lynch Serena N $239,500 None Available
Pensco Trust Company Llc $420,000 None Available
Forrest Samantha C $198,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lynch Serena N $179,650
Previous Owner Pensco Trust Company Llc $80,000
Previous Owner Forrest Samantha C $158,200
Closed Forrest Samantha C $19,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2019 04/04/19 Sold $239,500 -4.2% $126 / Sq Ft
02/26/2019 02/26/19 Pending -- -- --
02/22/2019 02/22/19 For Sale $250,000 0.0% $132 / Sq Ft
02/21/2019 02/21/19 Pending -- -- --
02/13/2019 02/13/19 Price Changed $250,000 -9.1% $132 / Sq Ft
12/01/2018 12/01/18 For Sale $275,000 -- $145 / 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 $1,631 $252,900 $34,900 $218,000
2024 $1,631 $252,900 $34,900 $218,000
2023 $1,631 $252,900 $34,900 $218,000
2022 $1,507 $252,900 $0 $0
2021 $1,507 $252,900 $0 $0
2020 $1,529 $235,600 $0 $0
2019 $1,529 $235,600 $0 $0
2018 $1,529 $235,600 $0 $0
2017 $1,526 $208,800 $0 $0
2016 $1,495 $208,800 $0 $0
2015 $1,495 $208,800 $0 $0
2014 $1,495 $208,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3453814

Canopy MLS (Canopy Realtor® Association)

APN: 9733-01-9215-00000