NOT LISTED FOR SALE

48 Franklin Trace Dr Unit 25 Asheville, NC 28804

Beaverdam Neighborhood

Estimated Value: $476,000

2.02 Acres
$235,644 Price per Acre
87,991 Sq Ft Lot

Last Sold June 07, 2017

Last sale price $155,000

Est. 207% increase in value since last sale

Current estimated payment $2,859/month

Highlights

  • 2.02 Acre Lot
  • Wooded Lot
  • Paved or Partially Paved Lot
  • Asheville High Rated A-
  • Recreation Facilities

About This Lot

As of June 2017

Town Mountain Preserve is less than five minutes to downtown Asheville with all the conveniences and privacy of a secluded mountain-side community. A natural gas community with fiber optic technology "to the house", underground electric service and municipal water & sewer services, all with no city taxes. Lot 25/48 Franklin Trace Drive is located adjacent to the lower entrance in a cul de sac. Sloping wooded lot, great views.

Last Agent to Sell the Property

George Escaravage

Ivester Jackson Blackstream Brokerage Email: gescar@beverly-hanks.com License #273555 Listed on: 05/31/2017

Last Buyer's Agent

George Escaravage

Ivester Jackson Blackstream Brokerage Email: gescar@beverly-hanks.com License #273555 Listed on: 05/31/2017

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,884

Lot Details

  • 2.02 Acre Lot
  • Property fronts a private road
  • Paved or Partially Paved Lot
  • Sloped Lot
  • Wooded Lot
  • Possible uses of the property include Residential
  • Property is zoned R1, BDM, Residential Lot

HOA Fees

  • $108 Monthly HOA Fees

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • Garage
  • Basement Garage

Schools

  • Asheville High School

Utilities

  • Underground Utilities
  • Fiber Optics Available

Listing and Financial Details

  • Assessor Parcel Number 9750-34-4414
  • Tax Block 0198

Community Details

Overview

  • Association Phone (828) 400-0901
  • Town Mountain Preserve Subdivision
  • Mandatory home owners association

Recreation

  • Recreation Facilities

Property Details

Property Type

Land

Est. Annual Taxes

$1,884

Lot Details

0

HOA Fees

$108 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Modular Not Allowed,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Restrictions Description: CCRs
  • Special Assessment Description: 0
  • Proposed Special Assessment Desc: 0
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Attribution Contact: gescar@beverly-hanks.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Possible Use: Residential
  • Has Basement: Basement
  • Basement YN: Yes
  • Room Count: 0

Exterior Features

  • View: Winter, Year Round
  • Waterfront Elevation: 2000
  • Other Structures: None

Utilities

  • Sewer: County Sewer
  • Utilities: Electricity Connected, Fiber Optics, Gas, Phone Connected, Underground Utilities
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Gated, Recreation Area
  • Association Fee: 1300
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Phone: 828-400-0901
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually
  • Association Email: george@townmountainpreserve.com

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Features: Paved, Sloped, Wooded
  • Lot Size Area: 2.02
  • Lot Size Units: Acres
  • Parcel Number: 9750-34-4414
  • Zoning: BDM
  • Plat Book Slide: 0118
  • Can Be Subdivided: 0
  • Plat Reference Section Pages: 1803
  • Lot Size Acres: 2.02
  • Lot Size Sq Ft: 87991
  • Zoning Description: Residential Lot
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R1

Green Features

  • Green Verification Count: 1

Tax Info

  • Tax Block: 0198

MLS Schools

  • Elementary School: Unspecified
  • High School: Asheville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2017
Closed on
Jun 7, 2017
Sold by
Jjs Capital Llc
Bought by
Spellman Kevin P and Spellman Johanna C
Seller's Agent
George Escaravage
Ivester Jackson Blackstream
Buyer's Agent
George Escaravage
Ivester Jackson Blackstream
List Price
$169,900
Sold Price
$155,000
Premium/Discount to List
-$14,900
-8.77%
Current Estimated Value
$476,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,000

Purchase Details

Closed on
Mar 12, 2014
Bought by
Jjs Capital Llc
Source: Public Records

Range of Values:

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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
Spellman Kevin P $155,000 None Available
Jjs Capital Llc $2,050,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jjs Capital Llc $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2017 06/07/17 Sold $155,000 -8.8% --
05/31/2017 05/31/17 Pending -- -- --
05/31/2017 05/31/17 For Sale $169,900 -- --
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 $1,884 $249,600 $249,600 $0
2022 $1,859 $249,600 $0 $0
2021 $1,859 $249,600 $0 $0
2020 $1,222 $152,900 $0 $0
2019 $1,222 $152,900 $0 $0
2018 $1,222 $152,900 $0 $0
2017 $1,650 $92,900 $0 $0
2016 $821 $92,900 $0 $0
2015 $821 $92,900 $0 $0
2014 $821 $92,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3286760

Canopy MLS (Canopy Realtor® Association)

APN: 9750-34-4414-00000