NOT LISTED FOR SALE

5 Raintree Ln Arden, NC 28704

Estimated Value: $393,000 - $419,000

3 Beds
2 Baths
1,453 Sq Ft
$282/Sq Ft Est. Value

Last Sold August 20, 2019

Last sale price $250,000 $172 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,304/month

40 Days on Market

Highlights

  • Private Lot
  • Wooded Lot
  • Separate Outdoor Workshop
  • Glen Arden Elementary School Rated A-
  • Cottage
  • Storage Room

About This Home

As of August 2019

MOTIVATED SELLER! NEWLY RECONSTRUCTED DRIVEWAY!! Fabulous 3BR 2B rustic cottage-style house tucked away on a quiet private lane. Located in highly-sought-after Arden/Royal Pines area, and coveted Glen Arden/CaneCreek/TC Roberson school districts. Minutes from I-26 and Asheville Airport. Main Floor features Stone Wall FP in Cathedral Ceiling LR, Master BR with Bath, eat-in kitchen and laundry. Upstairs features two large bedrooms with generous closets, storage, and a full bath. Basement features 320 SqFt Bonus Room, perfect for home office or den, large 1-car tuck-under garage, and separate, generous-sized Storage Room. Outdoor features include huge deck full-length of house, privacy-fenced yard great for pets, and separate 14’ x 12’ wired Workshop and Storage House.

Last Agent to Sell the Property

Donna Prinz

Keller Williams Biltmore Village License #207009 Listed on: 05/09/2019

Keller Williams Biltmore Village

Co-Listed By

Julia Lambert

Keller Williams Professionals License #304780

Last Buyer's Agent

Jamie Jones

Lusso Realty License #276631

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1985

Lot Details

  • Private Lot
  • Wooded Lot
  • Many Trees

Parking

  • 1

Home Design

  • Cottage
  • Rustic Architecture

Interior Spaces

  • 2 Full Bathrooms
  • Gas Log Fireplace
  • Storage Room

Flooring

  • Parquet
  • Concrete
  • Vinyl

Outdoor Features

  • Fire Pit
  • Separate Outdoor Workshop
  • Shed

Utilities

  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 9654-61-2353-00000

Home Details

Home Type

Single Family

Year Built

Built in 1985

Lot Details

0

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Cottage, Rustic
  • Ratio Close Price By List Price: 0.96154
  • Ratio Close Price By Original Li: 0.94340
  • Ratio Current Price By Acre: 675675.68
  • Ratio Current Price By Sq Ft: 172.06
  • Year Built: 1985
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement
  • Upper Level Sq Ft: 570
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Cable Prewire, Disposal, Dryer, Electric Dryer Hookup, Exhaust Fan, Gas Range, Ice Maker Connection, Exhaust Hood, Self Cleaning Oven, Washer, g-Energy Star® Dishwasher, g-Energy Star® Light Fixtures, g-Energy Star® Refrigerator, Propane, Warming Drawer, Gas Oven
  • Fireplace Description: Gas Logs, Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Concrete, Parquet, Vinyl
  • Laundry Location: Main
  • Room Count: 3
  • Main Level Sq Ft: 883
  • Total Sq Ft: 1453
  • Sq Ft Unheated Basement: 883
  • Sq Ft Unheated Total: 883

Exterior Features

  • Construction: Hardboard Siding, Wood
  • Construction Type: Site Built
  • Exterior Features: Workshop, Fenced Yard, Shed(s), Storage Unit, Fire pit

Garage/Parking

  • Driveway: Asphalt
  • Parking: Driveway, Garage - 1 Car, Parking Space - 4+

Utilities

  • Heating: Electric Baseboard Heat, Heat Pump - AC, Heat Pump - Heat, Propane, Window Unit
  • Sewer: Septic Installed
  • Water: City Water
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Features: Private, Sloping, Trees, Wooded
  • Lot Size Area: 0.370
  • Parcel Number: 9654-61-2353-00000
  • Zoning Specification: R-1

Tax Info

  • Tax Value: 202100.00
  • Tax Location: Arden

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2019
Closed on
Aug 15, 2019
Sold by
Shefsky Erik and Roberts Margaret Anne
Bought by
Ferri Marc Christian and Ferri Kelly H
Seller's Agent
Donna Prinz
Keller Williams Biltmore Village
Buyer's Agent
Jamie Jones
Lusso Realty
List Price
$265,000
Sold Price
$250,000
Premium/Discount to List
-$15,000
-5.66%
Current Estimated Value
$410,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,002
Avg. Annual Appreciation
8.39%
Original Mortgage
$252,525
Outstanding Balance
$221,165
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$188,837

Purchase Details

Closed on
Jun 14, 2005
Sold by
Ann Shefsky Erik and Ann Shefksy Margaret
Bought by
Ann Shefsky Erik and Ann Shefksy Margaret

Purchase Details

Closed on
Oct 1, 2002
Sold by
Ellis James C
Bought by
Shefsky Erik and Milliken Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,400
Interest Rate
6.19%
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
Ferri Marc Christian $250,000 None Available
Ann Shefsky Erik -- --
Shefsky Erik $163,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferri Marc Christian $252,525
Previous Owner Shefsky Erik $130,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2019 08/20/19 Sold $250,000 -3.8% $172 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
06/12/2019 06/12/19 Price Changed $260,000 -1.9% $179 / Sq Ft
05/09/2019 05/09/19 For Sale $265,000 -- $182 / 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 $1,452 $235,900 $40,400 $195,500
2024 $1,452 $235,900 $40,400 $195,500
2023 $1,452 $235,900 $40,400 $195,500
2022 $1,382 $235,900 $0 $0
2021 $1,382 $235,900 $0 $0
2020 $1,273 $202,100 $0 $0
2019 $1,273 $202,100 $0 $0
2018 $1,273 $202,100 $0 $0
2017 $1,273 $165,100 $0 $0
2016 $1,147 $165,100 $0 $0
2015 $1,147 $165,100 $0 $0
2014 $1,147 $165,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3502832

Canopy MLS (Canopy Realtor® Association)

APN: 9654-61-2353-00000