NOT LISTED FOR SALE

38 Tamerlane Way Leicester, NC 28748

Estimated Value: $698,000 - $846,000

3 Beds
2.5 Baths
2,578 Sq Ft
$296/Sq Ft Est. Value

Last Sold June 14, 2019

Last sale price $422,000 $164 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,347/month

40 Days on Market

Highlights

  • Community Cabanas
  • Open Floorplan
  • Arts and Crafts Architecture
  • Gated Community
  • Vaulted Ceiling
  • Wood Flooring

About This Home

As of June 2019

Looking for spacious and open? Check out these big skies and long mountain views inside and out! Lots of windows give a natural feel. The open floor plan is great for having friends over, family gatherings, and daily life. With numerous doors to the outside, living spills easily onto the wide-open deck and lower patio. All of the high-quality finishes you’re expecting: a luxury master bath with garden tub and walk in shower, granite counters, high end cabinets, stainless appliances, and gleaming hardwood floors on both levels throughout the home. Love to garden? The almost acre lot is perfect for you! Experience the security of a gated community with the ease and convenience of neighborhood amenities - the pool, basketball court, and playground are practically in your backyard. An easy 20 minutes into town, 38 Tamerlane Way lets you escape the crowds and still feel connected. Tucked into an area of family farms, it’s a peaceful countryside breath of fresh air.

Last Agent to Sell the Property

Ben Woolf

Mackey Realty LLC License #253909 Listed on: 04/06/2019

Last Buyer's Agent

Brian Marshall

Marshall Real Estate Inc. License #189238

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2015

Lot Details

  • 0.9

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • 2

Home Design

  • Arts and Crafts Architecture
  • Stone Siding

Interior Spaces

  • Open Floorplan
  • Vaulted Ceiling
  • Fireplace
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Kitchen Island

Bedrooms and Bathrooms

  • Walk-In Closet

Additional Features

  • Level Lot
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 9701-68-8351-00000

Community Details

Overview

  • The Ridge Poa, Inc. Association, Phone Number (828) 782-3062

Recreation

  • Recreation Facilities
  • Community Playground
  • Community Cabanas
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2015

Lot Details

0

HOA Fees

$63 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Arts and Crafts
  • Ratio Close Price By List Price: 0.98162
  • Ratio Close Price By Original Li: 0.93778
  • Ratio Current Price By Acre: 468888.89
  • Ratio Current Price By Sq Ft: 163.69
  • Year Built: 2015
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Fully Finished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dishwasher, Gas Range, Microwave, Refrigerator, Propane, Gas Oven
  • Fireplace Description: Living Room, Propane
  • Fireplace: Yes
  • Fixture Exception Description: Washer and Dryer
  • Fixture Exception Yn: Yes
  • Flooring: Wood
  • H O A Management Phone: 828-782-3062
  • Interior Amenities: Breakfast Bar, Kitchen Island, Open Floorplan, Vaulted Ceiling, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Lower Level Sq Ft: 1215
  • Main Level Sq Ft: 1363
  • Total Sq Ft: 2578
  • Sq Ft Unheated Lower: 148
  • Sq Ft Unheated Main: 576
  • Sq Ft Unheated Total: 724

Exterior Features

  • Construction: Hardboard Siding, Stone
  • Construction Type: Site Built
  • Exterior Features: Underground Power Lines

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 2 Car

Utilities

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

Condo/Co-op/Association

  • Community Features: Cabana, Gated Community, Playground, Outdoor Pool, Recreation Area, Street Lights
  • Association Fee: 750.00
  • Association Fee Frequency: Annually
  • HOA Management Company: The Ridge POA, Inc.
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Leicester/Eblen
  • Middle School: Clyde A Erwin
  • High School: Clyde A Erwin

Lot Info

  • Lot Features: Level, Long Range View, Mountain View, Rolling, Year Round View
  • Lot Size Area: 0.900
  • Parcel Number: 9701-68-8351-00000
  • Plat Book Slide: 0116/0132
  • Zoning Specification: OU

Tax Info

  • Tax Value: 366500.00
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2019
Closed on
Apr 23, 2019
Sold by
Reames Scott Chandler and Reames Amanda Bruce
Bought by
Maloy James Wesley and Maloy Lynn Doan
Seller's Agent
Ben Woolf
Mackey Realty LLC
Buyer's Agent
Brian Marshall
Marshall Real Estate Inc.
List Price
$450,000
Sold Price
$422,000
Premium/Discount to List
-$28,000
-6.22%
Current Estimated Value
$764,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,194
Avg. Annual Appreciation
9.77%
Original Mortgage
$378,733
Interest Rate
4.1%
Mortgage Type
VA

Purchase Details

Listed on
Jan 7, 2016
Closed on
Apr 12, 2016
Sold by
Asheville Mountain Homes Llc
Bought by
Reames Scott Chandler and Reames Amanda Bruce
Seller's Agent
Gwen Croft
Croft Communications INC
Buyer's Agent
Doug Montgomery
United Real Estate Asheville
List Price
$415,000
Sold Price
$397,000
Premium/Discount to List
-$18,000
-4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.95%
Original Mortgage
$397,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 7, 2016
Closed on
Apr 8, 2016
Sold by
Leicester Ridge Holdings Llc
Bought by
Asheville Mountain Homes Llc
Seller's Agent
Gwen Croft
Croft Communications INC
Buyer's Agent
Doug Montgomery
United Real Estate Asheville
List Price
$415,000
Sold Price
$397,000
Premium/Discount to List
-$18,000
-4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Maloy James Wesley $422,000 None Available
Reames Scott Chandler $397,000 None Available
Asheville Mountain Homes Llc $50,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maloy James Wesley $378,733
Previous Owner Reames Scott Chandler $397,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2019 06/14/19 Sold $422,000 -1.8% $164 / Sq Ft
05/16/2019 05/16/19 Pending -- -- --
05/08/2019 05/08/19 Price Changed $429,900 -4.5% $167 / Sq Ft
04/14/2019 04/14/19 For Sale $450,000 0.0% $175 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
04/06/2019 04/06/19 For Sale $450,000 +13.4% $175 / Sq Ft
04/13/2016 04/13/16 Sold $397,000 -4.3% $154 / Sq Ft View Prior Sale
03/01/2016 03/01/16 Pending -- -- --
01/07/2016 01/07/16 For Sale $415,000 -- $160 / 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 $2,941 $447,100 $58,300 $388,800
2024 $2,941 $447,100 $58,300 $388,800
2023 $2,941 $447,100 $58,300 $388,800
2022 $2,809 $447,100 $0 $0
2021 $2,809 $447,100 $0 $0
2020 $2,511 $375,300 $0 $0
2019 $2,452 $366,500 $0 $0
2018 $2,452 $366,500 $0 $0
2017 $2,489 $279,000 $0 $0
2016 $2,076 $279,000 $0 $0
2015 $181 $24,300 $0 $0
2014 $174 $24,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3492291

Canopy MLS (Canopy Realtor® Association)

APN: 9701-68-8351-00000