NOT LISTED FOR SALE

40 Lake Ave Black Mountain, NC 28711

Estimated Value: $463,020 - $510,000

3 Beds
3 Baths
1,752 Sq Ft
$279/Sq Ft Est. Value

Last Sold December 06, 2018

Last sale price $265,000 $151 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $3,033/month

12 Days on Market

Highlights

  • Wooded Lot
  • Tile Flooring
  • Wood Burning Fireplace
  • Shed

About This Home

As of December 2018

Rent both units? Live in one and rent the other? Offset your mortgage with this sweet duplex 1 mile from downtown Black Mountain! Stroll to the quaint cafes and galleries in town, take a leisurely bike ride, or see a show at The White Horse, then come home to your 2BR/2BA retreat with stainless & gas appliances, tankless H20, and large screened in porch for taking in those mountain views -- all while pulling in income from the lower unit with separate entrance, kitchen, and garage. If you've been looking for an affordable, comfortable home close to eateries and cafes OR an investment property, this is it!

Last Agent to Sell the Property

Jeff Stewart

Unique: A Real Estate Collective License #264194 Listed on: 10/26/2018

Co-Listed By

Dave Cash

Unique: A Real Estate Collective License #236508

Last Buyer's Agent

Scott Russell

Howard Hanna Beverly-Hanks Freestone Properties License #246481

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2005

Lot Details

  • Wooded Lot
  • Many Trees

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • Wood Burning Fireplace

Flooring

  • Tile
  • Vinyl Plank

Additional Features

  • Shed
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable, electric heat, electricity, garbage pick-up, gas
  • Rent includes sewer, water
  • Assessor Parcel Number 0710-20-6818-00000

Property Details

Home Type

Multi-Family

Year Built

Built in 2005

Lot Details

7,841 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ratio Close Price By List Price: 0.98185
  • Ratio Close Price By Original Li: 0.98185
  • Ratio Current Price By Acre: 1472222.22
  • Ratio Current Price By Sq Ft: 151.26
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Foundation Details: Concrete
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Cable Prewire, Disposal, Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Natural Gas, Electric Oven, Gas Oven
  • Fireplace Description: Living Room, Wood Burning, Woodstove
  • Fireplace: Yes
  • Flooring: Tile, Vinyl Plank
  • Laundry Location: Main, Upper
  • Total Sq Ft: 1752

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Shed(s)

Garage/Parking

  • Driveway: Gravel
  • Parking: Garage - 1 Car

Utilities

  • Heating: Central Air, Electric Baseboard Heat, Heat Pump - Heat, Natural Gas
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric, Gas, g-On-Demand Water Heater

Lot Info

  • Lot Features: Long Range View, Mountain View, Trees, Views, Winter View, Wooded, Year Round View
  • Parcel Number: 0710-20-6818-00000
  • Zoning Specification: R-1

Rental Info

  • Rent Includes: Sewer, Water
  • Tenant Pays: Cable, Electric Heat, Electricity, Garbage Pick-up, Gas

Tax Info

  • Tax Value: 214000.00
  • Tax Location: Black Mountain

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2018
Closed on
Dec 4, 2018
Sold by
Smith Nathan Ryan and Smith Anne Eleanor Chesky
Bought by
Garnett Ventures Group Llc
Seller's Agent
Jeff Stewart
Unique: A Real Estate Collective
Buyer's Agent
Scott Russell
Howard Hanna Beverly-Hanks Freestone Properties
List Price
$269,900
Sold Price
$265,000
Premium/Discount to List
-$4,900
-1.82%
Current Estimated Value
$489,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,005
Avg. Annual Appreciation
8.78%

Purchase Details

Closed on
Mar 31, 2016
Sold by
Cox Teresa
Bought by
Smith Nathan Ryan and Smith Anne Eleanor Chesky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,997
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 13, 2015
Sold by
Allan William A
Bought by
Cox Teresa

Purchase Details

Closed on
Jul 9, 2009
Sold by
Allan William A
Bought by
Allan Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.27%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Garnett Ventures Group Llc $265,000 None Available
Smith Nathan Ryan $221,000 None Available
Cox Teresa -- Attorney
Allan Teresa -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Nathan Ryan $216,997
Previous Owner Allan Teresa $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2018 12/06/18 Sold $265,000 -1.8% $151 / Sq Ft
11/07/2018 11/07/18 Pending -- -- --
11/02/2018 11/02/18 For Sale $269,900 0.0% $154 / Sq Ft
10/27/2018 10/27/18 Pending -- -- --
10/26/2018 10/26/18 For Sale $269,900 -- $154 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 -- $257,400 $50,600 $206,800
2024 -- $257,400 $50,600 $206,800
2023 $2,108 $257,400 $50,600 $206,800
2022 $2,044 $257,400 $0 $0
2021 $2,044 $257,400 $0 $0
2020 $2,081 $241,600 $0 $0
2019 $2,081 $241,600 $0 $0
2018 $1,844 $214,000 $0 $0
2017 $1,865 $183,200 $0 $0
2016 $1,794 $183,200 $0 $0
2015 $1,794 $183,200 $0 $0
2014 $1,794 $183,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Stewart

    Seller's Agent in 2018

    Jeff Stewart

    Unique: A Real Estate Collective

    (828) 338-9038

    4 in this area

    277 Total Sales

    Jeff Stewart
    Section Image
  • Dave Cash

    Seller Co-Listing Agent in 2018

    Dave Cash

    Unique: A Real Estate Collective

    (828) 214-5033

    2 in this area

    197 Total Sales

    Dave Cash
    Section Image
  • Scott Russell

    Buyer's Agent in 2018

    Scott Russell

    Howard Hanna Beverly-Hanks Freestone Properties

    (828) 713-2060

    80 in this area

    132 Total Sales

    Scott Russell
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3432515

Canopy MLS (Canopy Realtor® Association)

APN: 0710-20-6818-00000

North Carolina Buncombe County Black Mountain 28711

40 Lake Ave, Black Mountain, NC

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS (Canopy Realtor® Association) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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