NOT LISTED FOR SALE

5 Cromwell Ln Arden, NC 28704

Estimated Value: $1,206,000 - $1,471,000

5 Beds
5.5 Baths
5,548 Sq Ft
$246/Sq Ft Est. Value

Last Sold March 17, 2016

Last sale price $710,000 $128 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $7,670/month

163 Days on Market

Highlights

  • Open Floorplan
  • Traditional Architecture
  • Corner Lot
  • Glen Arden Elementary School Rated A-
  • Wood Flooring
  • Breakfast Bar

About This Home

As of March 2016

STUNNING HOME IN THE COTSWOLDS! Grand Entry, Wall of Windows provide impressive, bright, open floorplan. Chef's Kitchen spills into Breakfast area, Great Room & Screened Porch. Delightful Living Spaces! Enormous Master w/fireplace, sitting area, huge closet. In-Law Suite, Den, Family, Rec & Craft Rooms in walk-out terrace level. Exquisite landscaping, sprinkler, generator, 3-car garage. Quick access to new shopping, dining in South Asheville.

Last Agent to Sell the Property

Dianne Rule

Howard Hanna Beverly-Hanks Asheville-Downtown License #257130 Listed on: 09/01/2015

Howard Hanna Beverly-Hanks Asheville-Downtown

Last Buyer's Agent

Dianne Rule

Howard Hanna Beverly-Hanks Asheville-Downtown License #257130 Listed on: 09/01/2015

Howard Hanna Beverly-Hanks Asheville-Downtown

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,345

Year Built

  • Built in 2002

Lot Details

  • Fenced
  • Corner Lot
  • Level Lot

Parking

  • 3

Home Design

  • Traditional Architecture

Interior Spaces

  • Open Floorplan
  • Breakfast Bar

Flooring

  • Wood
  • Tile

Listing and Financial Details

  • Assessor Parcel Number 9664-32-9673-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,345

Year Built

Built in 2002

Lot Details

0

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.97394
  • Ratio Close Price By Original Li: 0.95174
  • Ratio Current Price By Acre: 972602.74
  • Ratio Current Price By Sq Ft: 127.97
  • Year Built: 2002
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance, Block
  • Upper Level Sq Ft: 1942
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Total Bedrooms: 5
  • Equipment: Double Oven, Disposal, Dishwasher, Gas Range, Microwave, Refrigerator, Security System, Generator, Gas Oven
  • Flooring: Tile, Carpet, Wood
  • Interior Amenities: Breakfast Bar, Built-Ins, Open Floorplan, Pantry
  • Room Count: 6
  • Sq Ft Basement: 1696
  • Main Level Sq Ft: 1910
  • Total Sq Ft: 5548
  • Sq Ft Unheated Basement: 220

Exterior Features

  • Construction: Brick Full
  • Exterior Features: Fenced
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 3 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: Septic Tank
  • Water: City Water

Condo/Co-op/Association

  • Association Fee: 275.00

Schools

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

Lot Info

  • Lot Features: Corner Lot, Level, Sloping, Year Round View
  • Lot Size Area: 0.730
  • Parcel Number: 9664-32-9673-00000
  • Zoning Specification: R-3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2015
Closed on
Mar 17, 2016
Sold by
Safian Marsha M
Bought by
Patel Prajeshkumar and Patel Vijal
Seller's Agent
Dianne Rule
Howard Hanna Beverly-Hanks Asheville-Downtown
Buyer's Agent
Dianne Rule
Howard Hanna Beverly-Hanks Asheville-Downtown
List Price
$746,000
Sold Price
$710,000
Premium/Discount to List
-$36,000
-4.83%
Current Estimated Value
$1,362,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$652,676
Avg. Annual Appreciation
7.07%
Original Mortgage
$639,000
Outstanding Balance
$507,440
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$855,236

Purchase Details

Closed on
Apr 4, 2005
Sold by
Mortenson Chris R and Mortenson Jacklyn A
Bought by
Safian Stanley and Safian Marsha M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.57%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 5, 2002
Sold by
Ed Holland Builders Inc
Bought by
Mortenson Chris R and Mortenson Jacklyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.3%

Purchase Details

Closed on
Feb 19, 2002
Sold by
The Cotswolds Development Company Inc
Bought by
Ed Holland Builders Inc
Source: Public Records

Range of Values:

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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
Patel Prajeshkumar $710,000 None Available
Safian Stanley $735,000 --
Mortenson Chris R $585,000 --
Ed Holland Builders Inc $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Prajeshkumar $639,000
Previous Owner Safian Stanley $359,650
Previous Owner Mortenson Chris R $300,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2016 03/17/16 Sold $710,000 -4.8% $128 / Sq Ft
02/11/2016 02/11/16 Pending -- -- --
09/01/2015 09/01/15 For Sale $746,000 -- $134 / 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 $5,345 $865,300 $137,000 $728,300
2024 $5,345 $868,200 $137,000 $731,200
2023 $5,345 $868,200 $137,000 $731,200
2022 $5,088 $868,200 $0 $0
2021 $4,857 $828,900 $0 $0
2020 $4,733 $751,200 $0 $0
2019 $4,410 $700,000 $0 $0
2018 $4,410 $700,000 $0 $0
2017 $4,410 $649,100 $0 $0
2016 $4,511 $649,100 $0 $0
2015 $4,511 $649,100 $0 $0
2014 $4,538 $652,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM593086

Canopy MLS (Canopy Realtor® Association)

APN: 9664-32-9673-00000