NOT LISTED FOR SALE

5 Drakes Meadow Ln Arden, NC 28704

Estimated Value: $646,000 - $806,000

3 Beds
2.5 Baths
2,549 Sq Ft
$280/Sq Ft Est. Value

Last Sold November 22, 2019

Last sale price $445,000 $175 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $4,119/month

4 Days on Market

Highlights

  • Traditional Architecture
  • Cathedral Ceiling
  • Attached Garage
  • Glen Arden Elementary School Rated A-
  • Wood Flooring
  • Walk-In Closet

About This Home

As of November 2019

Charming farm-style, two-story home in popular Drake Meadows. Solid front doors with leaded glass, 2-story entry with lots of windows, oversized dining room, wood floors, double crown molding, great room with 2-story ceiling (Windows adorn one wall. door to deck, gas log fireplace, marble surround & decorative mantle. All rooms are open and spacious. Master Suite on the main level! Warm eat-in kitchen with Island, silestone counters, open top cabinets, gas range, built-in microwave and breakfast room in sweet bay windowed area - no matter where you sit, the outdoors comes to you! Spacious Master bedroom has a deep tray ceiling & double crown molding. The Master bath features the same tray ceiling, double vanity with lots of light, tile floor, glassed in shower, garden tub with window above and water closet. Big walk-in closet with custom shelving & cellular shades. 2nd Master/Guest BR upstairs has its own private bath with single vanity, tub/shower & linen closet.

Last Agent to Sell the Property

Eric Attreau

Premier Sotheby’s International Realty License #284973 Listed on: 10/08/2019

Premier Sotheby’s International Realty

Last Buyer's Agent

Chloe Knight

Allen Tate/Beverly-Hanks Freestone Properties License #288443

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • Level Lot

HOA Fees

  • $20 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Farmhouse Style Home

Interior Spaces

  • Cathedral Ceiling
  • Gas Log Fireplace
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Oven
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Utilities

  • Septic Tank
  • Cable TV Available

Community Details

  • Drakes Meadow HOA

Listing and Financial Details

  • Assessor Parcel Number 9664-26-6241-00000

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

HOA Fees

$20 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Farmhouse, Traditional
  • Ratio Close Price By List Price: 0.98889
  • Ratio Close Price By Original Li: 0.98889
  • Ratio Current Price By Acre: 654411.76
  • Ratio Current Price By Sq Ft: 174.58
  • Year Built: 2006
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 981
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Central Vacuum, Disposal, Dishwasher, Gas Range, Oven, Refrigerator, Gas Oven
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Cable Available, Cathedral Ceiling(s), Garden Tub, Kitchen Island, Pantry, Split BR Plan, Vaulted Ceiling, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 1568
  • Total Sq Ft: 2549

Exterior Features

  • Construction: Fiber Cement, Hardboard Siding
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Driveway, Garage - 2 Car, Garage Door Opener

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: Septic Installed
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 240.00
  • Association Fee Frequency: Annually
  • HOA Management Company: DRAKES MEADOW HOA
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Features: Level, Paved Frontage
  • Lot Size Area: 0.680
  • Parcel Number: 9664-26-6241-00000
  • Plat Book Slide: 0096/0019
  • Zoning Specification: R-2

Tax Info

  • Tax Value: 406300.00
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2019
Closed on
Nov 1, 2019
Sold by
Yursha Stephen and Hobbs Yursha Carol
Bought by
Lewis Robert Dennis
Seller's Agent
Eric Attreau
Premier Sotheby’s International Realty
Buyer's Agent
Chloe Knight
Allen Tate/Beverly-Hanks Freestone Properties
List Price
$450,000
Sold Price
$445,000
Premium/Discount to List
-$5,000
-1.11%
Current Estimated Value
$713,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,842
Avg. Annual Appreciation
8.55%
Original Mortgage
$356,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2006
Sold by
Duckett Powell & Thomson Real Estate Dev
Bought by
Yursha Stephen and Hobbs Yursha Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
6.31%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 26, 2006
Sold by
Powell Duckett Land Co
Bought by
Duckett Powell & Thomson Real Estate Dev
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
Lewis Robert Dennis $445,000 None Available
Yursha Stephen $392,000 None Available
Duckett Powell & Thomson Real Estate Dev $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Robert Dennis $397,500
Closed Lewis Robert Dennis $50,000
Closed Lewis Robert Dennis $356,000
Previous Owner Yursha Stephen $141,110
Previous Owner Yursha Stephen $162,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2019 11/22/19 Sold $445,000 -1.1% $175 / Sq Ft
10/12/2019 10/12/19 Pending -- -- --
10/08/2019 10/08/19 For Sale $450,000 -- $177 / 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
2024 $2,598 $422,100 $67,300 $354,800
2023 $2,598 $422,100 $67,300 $354,800
2022 $2,474 $422,100 $0 $0
2021 $2,474 $422,100 $0 $0
2020 $2,560 $406,300 $0 $0
2019 $2,560 $406,300 $0 $0
2018 $2,560 $406,300 $0 $0
2017 $2,560 $312,200 $0 $0
2016 $2,170 $312,200 $0 $0
2015 $2,170 $312,200 $0 $0
2014 $2,170 $312,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3557771

Canopy MLS (Canopy Realtor® Association)

APN: 9664-26-6241-00000