NOT LISTED FOR SALE

40 Smith Valley Rd Alexander, NC 28701

Estimated Value: $197,000 - $300,000

2 Beds
2 Baths
1,260 Sq Ft
$195/Sq Ft Est. Value

Last Sold May 25, 2023

Last sale price $245,000 $194 Per Sq Ft

Current estimated payment $1,412/month

7 Days on Market

Highlights

  • Wooded Lot
  • Laundry Room
  • Detached Carport Space
  • West Buncombe Elementary School Rated A-
  • 1-Story Property
  • Level Lot

About This Home

As of May 2023

Investors, this fixer upper on 5 acres has over a thousand feet of frontage on Newfound Creek. Located in a pleasant valley North of Asheville, this home sits safely above the creek. The house is in need of repairs and a serious cleaning, so wear your masks and watch your step! There is a shared well with the home next door. Power and water are on.
A portion of the 5 acres is in the flood plain.
This is a court ordered sale being sold "As-Is" subject to a 10 day upset period. The seller and Listing Agent make no representations as to the condition of the home.

Last Agent to Sell the Property

Matt Jones

Pinnacle Lifestyle Realty LLC License #279516 Listed on: 03/10/2023

Last Buyer's Agent

Scott Angelo

EXP Realty LLC License #285173

EXP Realty LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • Level Lot
  • Wooded Lot
  • Property is zoned OU

Parking

  • Detached Carport Space

Home Design

  • Slab Foundation
  • Composition Roof
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry
  • Natural lighting in basement

Utilities

  • Shared Well

Listing and Financial Details

  • Assessor Parcel Number 971185425000000

Home Details

Home Type

Single Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1958
  • Second Living Quarters: None
  • Road Surface Type: Gravel, Dirt
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 194.44
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Slab
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 720
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 180
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 180
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: None
  • Above Grade Finished Sq Ft: 720
  • Has Basement: Daylight, Exterior Entry, Interior Entry, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 540
  • Living Area: 1260
  • Bedroom Main: 2
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Stone, Vinyl
  • Other Structures: Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Detached Carport

Utilities

  • Heating: Other - See Remarks
  • Sewer: Other - See Remarks
  • Laundry Features: In Basement
  • Cooling: Other - See Remarks
  • Water Source: Shared Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Creek Front, Flood Plain/Bottom Land, Level, Rolling Slope, Wooded, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 971185425000000
  • Zoning: OU
  • Plat Reference Section Pages: 0228/0138
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RES

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
May 22, 2023
Sold by
Gottschalk Tikkun
Bought by
Zetterholm Revocable Living Trust and Zetterholm
Seller's Agent
Matt Jones
Pinnacle Lifestyle Realty LLC
Buyer's Agent
Scott Angelo
EXP Realty LLC
List Price
$275,000
Sold Price
$245,000
Premium/Discount to List
-$30,000
-10.91%
Views
83
Current Estimated Value
$245,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$557
Avg. Annual Appreciation
0.09%

Purchase Details

Listed on
Mar 7, 2022
Closed on
Jul 20, 2022
Sold by
Tikkun Gottschalk
Bought by
Gottschalk Tikkun and Zetterholm Becki
Seller's Agent
Matt Jones
Pinnacle Lifestyle Realty LLC
Buyer's Agent
Scott Angelo
EXP Realty LLC
List Price
$250,000
Sold Price
$180,000
Premium/Discount to List
-$70,000
-28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.34%
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
Zetterholm Revocable Living Trust $245,000 None Listed On Document
Zetterholm Revocable Living Trust $245,000 None Listed On Document
Gottschalk Tikkun $180,000 Newman Elizabeth A
Zetterholm Jonathon $180,000 None Listed On Document
Garlock Victor C $54,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/25/2023 05/25/23 Sold $245,000 -10.9% $194 / Sq Ft
03/10/2023 03/10/23 For Sale $275,000 +52.8% $218 / Sq Ft
07/22/2022 07/22/22 Sold $180,000 0.0% $250 / Sq Ft View Prior Sale
04/18/2022 04/18/22 Pending -- -- --
03/25/2022 03/25/22 Price Changed $180,000 -28.0% $250 / Sq Ft
03/07/2022 03/07/22 For Sale $250,000 -- $347 / 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 $1,635 $126,300 $20,800 $105,500
2024 $1,635 $126,300 $35,800 $90,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4009000

Canopy MLS (Canopy Realtor® Association)

APN: 9711-84-4805-00000