NOT LISTED FOR SALE

4 Magnolia Hill Ct Unit 9 Asheville, NC 28806

West Asheville Neighborhood

Estimated Value: $956,304 - $1,004,000

3 Beds
2.5 Baths
2,895 Sq Ft
$338/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $875,000 $302 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,474/month

34 Days on Market

Highlights

  • Open Floorplan
  • Wooded Lot
  • Wood Flooring
  • West Buncombe Elementary School Rated A-
  • Cathedral Ceiling
  • Covered Patio or Porch

About This Home

As of August 2022

Immaculate and Better Than New! Enjoy quiet, country living in the beautiful Magnolia Farms community, yet only 2 minutes to schools and 5 minutes to great shopping and restaurants. Under 15 minutes to downtown Asheville! This custom, owner built, 3 or 4 bedroom home features a magnificent great room with cathedral ceilings, exposed beams, a stone fireplace, open kitchen & dining area, quartz counters, double wall oven, breakfast bar and a butler's pantry, 3/4" hardwood floors throughout. There is a spacious main level master suite and bath with garden tub and a separate walk-in shower. Off the great room is a magnificent covered porch with stone floors and a wood cathedral ceiling looking out at long range mountain views. The upper level has 2 huge bedrooms plus a large bonus room with closet that can be a 4th bedroom. This home boasts outstanding craftsmanship usually seen in multi-million dollar homes.

Last Agent to Sell the Property

David Gregg

Howard Hanna Beverly-Hanks Asheville-Biltmore Park License #248481 Listed on: 07/02/2022

Co-Listed By

Janet Gregg

Howard Hanna Beverly-Hanks Asheville-Biltmore Park License #283077

Last Buyer's Agent

Melissa Wright

Carolina Mountain Sales License #313572

Carolina Mountain Sales

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,424

Year Built

  • Built in 2018

Lot Details

  • Cul-De-Sac
  • Paved or Partially Paved Lot
  • Level Lot
  • Wooded Lot
  • Zoning described as OU

HOA Fees

  • $30 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Stone Siding
  • Stucco

Interior Spaces

  • Open Floorplan
  • Central Vacuum
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Great Room with Fireplace
  • Crawl Space
  • Laundry Room

Kitchen

  • Built-In Double Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Garden Bath

Parking

  • Garage
  • Garage Door Opener
  • Driveway

Accessible Home Design

  • Halls are 36 inches wide or more
  • Handicap Accessible
  • Doors are 32 inches wide or more
  • Entry Slope Less Than 1 Foot

Outdoor Features

  • Covered Patio or Porch

Schools

  • West Buncombe/Eblen Elementary School
  • Clyde A Erwin Middle School
  • Clyde A Erwin High School

Utilities

  • Zoned Heating
  • Heat Pump System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • Magnolia Farms Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 9720-50-5544-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,424

Year Built

Built in 2018

Lot Details

0

HOA Fees

$30 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2018
  • Ratio Current Price By Acre: 825471.70
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Square Feet
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 302.25
  • Special Features: None

Interior Features

  • Foundation Details: Slab, Crawl Space
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Attic Other, Built Ins, Cable Available, Cathedral Ceiling(s), Garden Tub, Handicap Access, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), Window Treatments
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1610
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1285
  • Porch: Back,Covered,Front,Patio
  • Appliances: Cable Prewire, Ceiling Fan(s), Central Vacuum, Electric Cooktop, Dishwasher, Disposal, Double Oven, Exhaust Hood, Plumbed For Ice Maker, Microwave, Refrigerator, Wall Oven
  • Accessibility Features: Door Width 32 Inches or More, Entry Slope less than 1 foot, Hall Width 36 Inches or More
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Great Room, Wood Burning
  • Living Area: 2895
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Exterior Features: Underground Power Lines, Wired Internet Available
  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Fiber Cement, Stucco, Stone

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Driveway, Garage - 2 Car, Garage Door Opener

Utilities

  • Heating: Heat Pump, Heat Pump, Multizone A/C, Zoned
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level, Laundry Room
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 360
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Clyde A Erwin
  • HOA Subject To: Required
  • CAR_YearlyHOAExpense: 360.00

Lot Info

  • Lot Features: Cul-De-Sac, Level, Long Range View, Mountain View, Paved, Sloped, Wooded, Views, Year Round View
  • Lot Size Units: Acres
  • Parcel Number: 9720-50-5544-00000
  • Plat Book Slide: 131/82
  • Zoning Description: OU

Tax Info

  • RATIO List Price By Tax Amount: 1.61997

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: West Buncombe/Eblen
  • High School: Clyde A Erwin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2024
Sold by
Defazio Ralph Victor and Defazio Mindy Louise
Bought by
Spell Jackson and Spell Jessica
Current Estimated Value
$978,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,250
Outstanding Balance
$644,766
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$334,060

Purchase Details

Listed on
Jul 2, 2022
Closed on
Aug 5, 2022
Sold by
But-Gusaim and Svetlana
Bought by
Defazio Ralph Victor and But-Gusaim Svetlana
Seller's Agent
David Gregg
Howard Hanna Beverly-Hanks Asheville-Biltmore Park
Buyer's Agent
Melissa Wright
Carolina Mountain Sales
List Price
$850,000
Sold Price
$875,000
Premium/Discount to List
$25,000
2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.46%
Original Mortgage
$656,250
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2013
Sold by
R And B Farms Llc and Magnolia Farms Llc
Bought by
But-Gusaim Svetlana and But-Gusaim Stepan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Spell Jackson $937,500 None Listed On Document
Defazio Ralph Victor $875,000 None Listed On Document
But-Gusaim Svetlana $78,500 --
Stepan But-Gusaim $78,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spell Jackson $656,250
Previous Owner Defazio Ralph Victor $656,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2022 08/05/22 Sold $875,000 +2.9% $302 / Sq Ft
07/02/2022 07/02/22 For Sale $850,000 -- $294 / 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 $3,424 $483,800 $77,100 $406,700
2024 $3,424 $524,700 $77,100 $447,600
2023 $3,424 $524,700 $77,100 $447,600
2022 $3,269 $524,700 $0 $0
2021 $3,269 $524,700 $0 $0
2020 $3,089 $461,800 $0 $0
2019 $3,089 $461,800 $0 $0
2018 $450 $68,300 $0 $0
2017 $450 $56,900 $0 $0
2016 $412 $56,900 $0 $0
2015 $412 $56,900 $0 $0
2014 $401 $56,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3879607

Canopy MLS (Canopy Realtor® Association)

APN: 9720-50-5544-00000