NOT LISTED FOR SALE

407 Olde Covington Way Unit D407 Arden, NC 28704

Estimated Value: $248,121 - $271,000

2 Beds
2 Baths
1,170 Sq Ft
$141/mo HOA Fee

Last Sold May 05, 2020

Last sale price $138,000 $118 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $1,574/month

110 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Gas Log Fireplace
  • Glen Arden Elementary School Rated A-
  • Vinyl Flooring

About This Home

As of May 2020

Upper middle condominium in popular south Asheville neighborhood. Cozy gas fireplace. Extra large master bedroom with spacious walk in closet and access to the private balcony.

Last Agent to Sell the Property

McRae Hilliard

Allen Tate/Beverly-Hanks Asheville-Downtown License #173907 Listed on: 10/28/2019

Allen Tate/Beverly-Hanks Asheville-Downtown

Last Buyer's Agent

Mary Sitton

EXP Realty LLC License #215198

EXP Realty LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2002

Lot Details

  • 0.5

HOA Fees

  • $141 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • Gas Log Fireplace
  • Vinyl Flooring

Additional Features

  • Level Lot
  • Cable TV Available

Community Details

  • Baldwin Re Association, Phone Number (828) 684-3400

Listing and Financial Details

  • Assessor Parcel Number 9653-77-8695

Property Details

Home Type

Condominium

Year Built

Built in 2002

Lot Details

0

HOA Fees

$141 per month

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 1 Story
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.95502
  • Ratio Close Price By Original Li: 0.95172
  • Ratio Current Price By Sq Ft: 117.95
  • Unit Floor Level: 6
  • Year Built: 2002
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Entry Level: Main
  • Equipment: Ceiling Fan(s), Cable Prewire, Disposal, Dishwasher, Electric Range, Electric Oven
  • Fireplace Description: Gas Logs
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • H O A Management Phone: 828-684-3400
  • Interior Amenities: Cable Available
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1170
  • Total Sq Ft: 1170

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Lot

Utilities

  • Heating: Central Air, Heat Pump - AC
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee: 141.00
  • Association Fee Frequency: Monthly
  • Complex Name: Covington Crossing
  • HOA Management Company: BALDWIN RE
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Glen Arden/Koontz
  • Middle School: Cane Creek
  • High School: T.C. Roberson

Lot Info

  • Lot Features: Corner Lot, Level
  • Parcel Number: 9653-77-8695
  • Zoning Specification: RES

Tax Info

  • Tax Value: 127200.00
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2019
Closed on
May 5, 2020
Sold by
Campell Howard Neal and Campell Anne J
Bought by
Schell Grace C
Seller's Agent
McRae Hilliard
Allen Tate/Beverly-Hanks Asheville-Downtown
Buyer's Agent
Mary Sitton
EXP Realty LLC
List Price
$145,000
Sold Price
$138,000
Premium/Discount to List
-$7,000
-4.83%
Total Days on Market
110
Current Estimated Value
$255,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,780
Avg. Annual Appreciation
12.59%
Original Mortgage
$140,909
Outstanding Balance
$126,867
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$124,893

Purchase Details

Listed on
Jul 16, 2012
Closed on
Oct 18, 2013
Sold by
Vargo James X and Vargo Karen A
Bought by
Campbell Howard Neal
Seller's Agent
Jason Brodsky
EXP Realty LLC
Buyer's Agent
McRae Hilliard
Allen Tate/Beverly-Hanks Asheville-Downtown
List Price
$104,900
Sold Price
$90,000
Premium/Discount to List
-$14,900
-14.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%
Original Mortgage
$72,000
Interest Rate
4.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2004
Sold by
Potts Michael A and Potts Chad M
Bought by
Potts Jody L
Source: Public Records

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Range of Values:

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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
Schell Grace C $138,000 None Available
Campbell Howard Neal $90,000 None Available
Potts Jody L $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schell Grace C $5,027
Open Schell Grace C $140,909
Previous Owner Campbell Howard Neal $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2020 05/05/20 Sold $138,000 -4.5% $118 / Sq Ft
02/15/2020 02/15/20 Pending -- -- --
01/28/2020 01/28/20 Price Changed $144,500 -0.3% $124 / Sq Ft
12/31/2019 12/31/19 For Sale $145,000 0.0% $124 / Sq Ft
12/10/2019 12/10/19 Pending -- -- --
10/30/2019 10/30/19 For Sale $145,000 0.0% $124 / Sq Ft
10/29/2019 10/29/19 Pending -- -- --
10/28/2019 10/28/19 For Sale $145,000 +61.1% $124 / Sq Ft
10/18/2013 10/18/13 Sold $90,000 -14.2% $77 / Sq Ft
09/18/2013 09/18/13 Pending -- -- --
07/16/2012 07/16/12 For Sale $104,900 -- $90 / 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
2023 $904 $146,800 $0 $146,800
2022 $860 $146,800 $0 $0
2021 $860 $146,800 $0 $0
2020 $801 $127,200 $0 $0
2019 $801 $127,200 $0 $0
2018 $801 $127,200 $0 $0
2017 $801 $102,500 $0 $0
2016 $712 $0 $0 $0
2015 $712 $102,500 $0 $0
2014 $712 $102,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3563319

Canopy MLS (Canopy Realtor® Association)

APN: 9653-77-8695-CD407