$435,000
SOLD MAY 1, 2025

5 Olde Covington Way Arden, NC 28704

3 Beds
2.5 Baths
1,731 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$251 Per Sq Ft

3% Below List Price

22 Days on Market

Highlights

  • Deck
  • Bamboo Flooring
  • 2 Car Attached Garage
  • Glen Arden Elementary School Rated A-
  • Front Porch
  • Laundry Room

About This Home

As of May 2025

Wonderful home in the popular established Arden neighborhood of Covington Crossing, minutes to shopping, dining, schools and more. Bright and open floor plan on main with gleaming bamboo floors and a cozy gas fireplace. Eat-in kitchen with stainless appliances. Primary bedroom with private bath and walk-in closet on upper level, along with two additional guest rooms and full guest bath. Large bonus room, perfect for hobbies, play or office space, completes the upper level. Enjoy the large fenced back yard from the spacious and sunny deck. Freshly painted and with a brand-new roof installed January 2025, this home is completely refreshed and ready to welcome its new owners.

Last Agent to Sell the Property

Leandro Roselli

Nest Realty Asheville Brokerage Email: leandro.roselli@nestrealty.com License #350196 Listed on: 02/01/2025

Nest Realty Asheville

Last Buyer's Agent

Mindy Coward

Nexus Realty LLC License #352820

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,447

Year Built

  • Built in 2003

Lot Details

  • Fenced
  • Level Lot
  • Property is zoned R-2

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • <<microwave>>
  • Dishwasher

Flooring

  • Bamboo
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Deck
  • Front Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Two Trails Property Management Association, Phone Number (828) 696-2173
  • Covington Crossing Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 9653-78-6725-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,447

Year Built

Built in 2003

Lot Details

0

HOA Fees

$13 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2003
  • Restrictions Description: Attached
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 251.30
  • Geocode Confidence: High
  • Attribution Contact: leandro.roselli@nestrealty.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Bamboo, Tile
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 749
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 982
  • Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
  • Above Grade Finished Sq Ft: 1731
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Fireplace Features: Gas Log, Living Room
  • Living Area: 1731
  • Bedroom Main: 0
  • Room Count: 10

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Fencing: Fenced
  • Construction Type: Vinyl
  • Patio And Porch Features: Deck, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 465
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, Garage Faces Front

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 157
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Two Trails Property Management
  • Phone: 828-696-2173
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 157.00

Schools

  • Middle Or Junior School: Cane Creek
  • HOA Subject To: Required

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.19
  • Lot Size Units: Acres
  • Parcel Number: 9653-78-6725-00000
  • Plat Book Slide: 86/15
  • Plat Reference Section Pages: 86/15
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2025
Closed on
Apr 29, 2025
Sold by
Baiao Fernanda and Baiao Guilherme
Bought by
Dove Haley and Dove Steven
Seller's Agent
Leandro Roselli
Nest Realty Asheville
Buyer's Agent
Mindy Coward
Nexus Realty LLC
List Price
$449,000
Sold Price
$435,000
Premium/Discount to List
-$14,000
-3.12%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$401,276
Outstanding Balance
$400,572
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$38,625

Purchase Details

Listed on
Aug 28, 2015
Closed on
Dec 2, 2015
Sold by
Singleton Tracy Lyn
Bought by
Baiao Guilherme and Baiao Fernanda
Seller's Agent
Ameliah Davidson
GreyBeard Realty
Buyer's Agent
Stefany Mills
Dwell Realty Group
List Price
$229,000
Sold Price
$224,500
Premium/Discount to List
-$4,500
-1.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$6,532
Interest Rate
3.91%
Mortgage Type
Second Mortgage Made To Cover Down Payment

Purchase Details

Closed on
Aug 27, 2007
Sold by
Dillingham Ross A and Dillingham Melissa
Bought by
Longhorn Properties & Development Llc

Purchase Details

Closed on
May 30, 2003
Sold by
Covington Crossing Llc
Bought by
Singleton Tracy Lyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,100
Interest Rate
5.79%
Mortgage Type
Unknown
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 Type Sale Price Title Company
Warranty Deed $435,000 None Listed On Document
Warranty Deed $435,000 None Listed On Document
Warranty Deed $224,500 None Available
Warranty Deed -- None Available
Warranty Deed $137,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $401,276 New Conventional
Closed $401,276 New Conventional
Previous Owner $213,500 New Conventional
Previous Owner $6,532 Second Mortgage Made To Cover Down Payment
Previous Owner $217,765 New Conventional
Previous Owner $137,100 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 Sold $435,000 -2.2% $251 / Sq Ft
02/20/2025 02/20/25 Price Changed $445,000 -0.9% $257 / Sq Ft
02/01/2025 02/01/25 For Sale $449,000 +100.0% $259 / Sq Ft
12/04/2015 12/04/15 Sold $224,500 -2.0% $137 / Sq Ft
10/10/2015 10/10/15 Pending -- -- --
08/28/2015 08/28/15 For Sale $229,000 -- $139 / 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 $1,447 $235,000 $35,300 $199,700
2022 $1,377 $235,000 $0 $0
2021 $1,377 $235,000 $0 $0
2020 $1,356 $215,300 $0 $0
2019 $1,356 $215,300 $0 $0
2018 $1,356 $215,300 $0 $0
2017 $1,356 $171,900 $0 $0
2016 $1,195 $171,900 $0 $0
2015 $1,195 $171,900 $0 $0
2014 $1,195 $171,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4210893

Canopy MLS (Canopy Realtor® Association)

APN: 9653-78-6725-00000