NOT LISTED FOR SALE

45 Lela Ln Alexander, NC 28701

Estimated Value: $632,000 - $703,687

8.78 Acres
$74,877 Price per Acre
382,457 Sq Ft Lot

Last Sold July 24, 2025

Last sale price $635,000 $397 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,627/month

219 Days on Market

About This Lot

As of July 2025

TALK ABOUT BANG FOR YOUR BUCK. Come take a look at this inflation buster!! Almost 1800 Sq. Ft of finished space on the main level and 2,648 Sq. Ft. partially finished basement with an indoor pool. All this and a Beautiful Red Barn with a footprint of 1,350 Sq. Ft. and an upstairs of 921 Sq. Ft. All these improvements sit on a beautiful 8.78 Acres out in Alexander by the crossing of 25/70 and Jupiter Rd. This home place is perfect for the horse lover, or really anybody with a bunch of critters. The property also lends itself well to the organic farmer out there that needs a lot of indoor and outdoor space. The land is mostly cleared with two sweet meadows, a nice mix of woods and open space. Dang, I almost left out the additional 3,000 sq. ft. +- of shop space, perfect for the Mechanics and 3D Artists out there. This is the place for it! End of the road privacy! This really is a sweet place to call home.

Last Agent to Sell the Property

paul harkrider

Appalachian Realty Associates Brokerage Email: paul.harkrider@gmail.com License #277557 Listed on: 09/25/2024

Last Buyer's Agent

Darrell Farlow

Howard Hanna Beverly-Hanks Asheville-North License #326709

Property Details

Property Type

  • Land

Lot Details

  • Possible uses of the property include Agricultural, Cattle, Commercial, Development, Farm, Gardening, Horses, Multi-Family, Residential
  • Property is zoned OU

Schools

  • North Buncombe/N. Windy Ridge Elementary School
  • North Buncombe Middle School
  • North Buncombe High School

Additional Features

  • Barn
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 972473838500000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Farm
  • Habitable Residence Yn: Yes
  • Restrictions: No Representation
  • Road Surface Type: Gravel
  • Geocode Confidence: High
  • Attribution Contact: paul.harkrider@gmail.com
  • Special Features: 1028

Interior Features

  • Possible Use: Agricultural, Cattle, Commercial, Development, Farm, Gardening, Horses, Multi-Family, Residential

Exterior Features

  • Other Structures: Barn(s)

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Septic Installed
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: North Buncombe
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 972473838500000
  • Zoning: OU
  • Plat Book Slide: 64/124
  • Plat Reference Section Pages: 64/124
  • Cleared Acres: 5.00
  • Horse Amenities: Barn, Horses Allowed
  • Wooded Area: 2.78
  • Zoning Specification: OU

MLS Schools

  • Elementary School: North Buncombe/N. Windy Ridge
  • High School: North Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2024
Closed on
Jul 21, 2025
Sold by
Coxe Muriel Ann
Bought by
Farlow Thomas Jeffrey
Seller's Agent
paul harkrider
Appalachian Realty Associates
Buyer's Agent
Darrell Farlow
Howard Hanna Beverly-Hanks Asheville-North
List Price
$769,000
Sold Price
$635,000
Premium/Discount to List
-$134,000
-17.43%
Views
86
Current Estimated Value
$657,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,422
Avg. Annual Appreciation
9.83%
Original Mortgage
$598,500
Outstanding Balance
$597,485
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$59,937

Purchase Details

Closed on
Oct 28, 2019
Sold by
Coxe Bobby E and Coxe Muriel A
Bought by
Coxe Bobby E and Coxe Muriel A

Purchase Details

Closed on
Jan 26, 2015
Sold by
Coxe Bobby E and Coxe Muriel A
Bought by
Coxe Bobby E and Coxe Muriel A
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
Farlow Thomas Jeffrey $630,000 None Listed On Document
Farlow Thomas Jeffrey $630,000 None Listed On Document
Coxe Bobby E -- None Available
Coxe Bobby E -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farlow Thomas Jeffrey $598,500
Closed Farlow Thomas Jeffrey $598,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2025 07/24/25 Sold $635,000 0.0% $397 / Sq Ft
07/24/2025 07/24/25 Sold $635,000 -5.9% $353 / Sq Ft View Prior Sale
04/13/2025 04/13/25 Price Changed $675,000 0.0% $422 / Sq Ft
04/13/2025 04/13/25 Price Changed $675,000 -3.4% $376 / Sq Ft
02/01/2025 02/01/25 Price Changed $699,000 0.0% $389 / Sq Ft
01/20/2025 01/20/25 Price Changed $699,000 -9.1% $437 / Sq Ft
09/25/2024 09/25/24 For Sale $769,000 0.0% $481 / Sq Ft
09/20/2024 09/20/24 Price Changed $769,000 -2.5% $428 / Sq Ft
09/01/2024 09/01/24 For Sale $789,000 -- $439 / 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 $2,066 $541,500 $139,300 $402,200
2024 $2,066 $500,400 $154,300 $346,100
2023 $2,066 $500,400 $154,300 $346,100
2022 $1,907 $500,400 $0 $0
2021 $1,431 $500,400 $0 $0
2020 $2,637 $406,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4186759

Canopy MLS (Canopy Realtor® Association)

APN: 9724-73-8385-00000