$525,000
SOLD DEC 2, 2024

5 Sourwood Ridge Rd Black Mountain, NC 28711

3 Beds
2.5 Baths
1,535 Sq Ft
1.23 Acres

Recently Sold

$342 Per Sq Ft

16% Below List Price

118 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Separate Outdoor Workshop
  • Deck
  • Workshop
  • 2 Car Garage

About This Home

As of December 2024

Split Foyer Entry with nice views on 1.2 acres in Black Mountain. Some summer views of distant mountains, and better winter views. Well maintained with engineered wood and regular hardwood floors, new appliances (new dishwasher and microwave, oven/stove 2 years), freshly repainted, open spacious rooms with large living and dining areas, split bedroom layout and large back deck with built-in seating. Natural setting elevated along private road and is close to Black Mountain plus easy access to I-40. Offers 1535 Ht/SF on main, plus 835 unheated sf, semi-finished basement. Lower level used as office, workshop and storage areas including access to half bath (plumbed for shower) and laundry. Includes a two-story 2,320-sf storage barn (1350sf main/965sf upper) with garage doors and has a separate driveway entry. The spacious barn/storage building offers additional workshop spaces, place for vehicles, general storage and has an installed but an unconnected unused separate septic system.

Last Agent to Sell the Property

Stephen Duncan

Allen Tate/Beverly-Hanks Asheville-Downtown Brokerage Email: stephen.duncan@allentate.com License #123844 Listed on: 05/31/2024

Allen Tate/Beverly-Hanks Asheville-Downtown

Last Buyer's Agent

Carter Abney

Keller Williams - Black Mtn. License #353608

Keller Williams - Black Mtn.

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $2,369

Year Built

  • Built in 1996

Parking

  • 2 Car Garage
  • Basement Garage

Home Design

  • Split Level Home
  • Slab Foundation

Interior Spaces

  • Open Floorplan
  • Wired For Data
  • Insulated Windows
  • Window Screens
  • Entrance Foyer
  • Home Security System

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Workshop
  • Basement Storage

Accessible Home Design

  • Bath Scalding Control Feature
  • Kitchen has a 60 inch turning radius
  • Doors are 32 inches wide or more
  • Flooring Modification

Outdoor Features

  • Deck
  • Separate Outdoor Workshop

Schools

  • Black Mountain Elementary School
  • Charles D Owen Middle School
  • Charles D Owen High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Sourwood Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0629-07-8338-00000

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$2,369

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1996
  • Restrictions: No Representation,Subdivision
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Restrictions Description: Zoning when applicable.
  • Road Surface Type: Gravel
  • Unit Levels: Split Level
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 342.02
  • Geocode Confidence: High
  • Attribution Contact: stephen.duncan@allentate.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Wood
  • Interior Amenities: Entrance Foyer, Open Floorplan, Pantry, Split Bedroom, Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1535
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 835
  • Sq Ft Unheated Total: 835
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Oven, Plumbed For Ice Maker, Self Cleaning Oven
  • Above Grade Finished Sq Ft: 1535
  • Accessibility Features: Bath Scald Control Faucet, Door Width 32 Inches or More, Kitchen 60 Inch Turning Radius, Mobility Friendly Flooring
  • Has Basement: Basement Garage Door, Basement Shop, Full, Interior Entry, Partially Finished, Storage Space, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Insulated Door(s), Screen Door(s), Sliding Doors, Storm Door(s)
  • Living Area: 1535
  • Window Features: Insulated Window(s)
  • Bedroom Main: 3
  • Room Count: 11

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Off Frame Modular
  • View: Long Range, Winter
  • Waterfront Features: None
  • Construction Type: Fiber Cement
  • Other Structures: Workshop, Other - See Remarks
  • Patio And Porch Features: Deck, Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 635
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Basement, Attached Garage, Detached Garage

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, In Basement, Inside, Laundry Room, Sink, Washer Hookup
  • Security: Security System
  • Cooling: Heat Pump
  • Utilities: Cable Available, Cable Connected, Electricity Connected, Phone Connected, Satellite Internet Available, Underground Power Lines, Wired Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No

Schools

  • Middle Or Junior School: Charles D Owen
  • HOA Subject To: Optional

Lot Info

  • Lot Size Area: 1.23
  • Lot Size Units: Acres
  • Parcel Number: 0629-07-8338-00000
  • Plat Book Slide: 46/31
  • Horse Amenities: None
  • Additional Parcels Description: Note: Lot 7 and Portion Lot 8
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-1

MLS Schools

  • Elementary School: Black Mountain
  • High School: Charles D Owen

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Nov 20, 2024
Sold by
Sharar Stephen T
Bought by
Pomphrett Kimary Daugusta
Seller's Agent
Stephen Duncan
Allen Tate/Beverly-Hanks Asheville-Downtown
Buyer's Agent
Carter Abney
Keller Williams - Black Mtn.
List Price
$625,000
Sold Price
$525,000
Premium/Discount to List
-$100,000
-16%
Total Days on Market
118
Views
39
Current Estimated Value
$540,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,391
Avg. Annual Appreciation
3.82%
Original Mortgage
$225,000
Interest Rate
6.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2018
Sold by
Sharar Stephen Thomas and Sharar Sharon Lynn
Bought by
Sharar Stephen T
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 $525,000 None Listed On Document
Warranty Deed $525,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $195,000 Credit Line Revolving
Closed $225,000 New Conventional
Previous Owner $225,000 Credit Line Revolving
Previous Owner $109,000 Credit Line Revolving
Previous Owner $68,800 Unknown
Previous Owner $25,000 Credit Line Revolving
Previous Owner $10,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2024 12/02/24 Sold $525,000 0.0% $342 / Sq Ft
09/18/2024 09/18/24 Price Changed $525,000 -4.5% $342 / Sq Ft
09/09/2024 09/09/24 Price Changed $550,000 -4.3% $358 / Sq Ft
08/21/2024 08/21/24 Price Changed $575,000 -3.4% $375 / Sq Ft
07/18/2024 07/18/24 Price Changed $595,000 -4.8% $388 / Sq Ft
05/31/2024 05/31/24 For Sale $625,000 -- $407 / 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 $2,369 $379,400 $40,600 $338,800
2023 $2,369 $379,400 $40,600 $338,800
2022 $2,257 $379,400 $0 $0
2021 $2,257 $379,400 $0 $0
2020 $1,908 $294,000 $0 $0
2019 $1,908 $294,000 $0 $0
2018 $1,908 $294,000 $0 $0
2017 $1,876 $259,300 $0 $0
2016 $1,823 $259,300 $0 $0
2015 $1,823 $259,300 $0 $0
2014 $1,823 $259,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4146345

Canopy MLS (Canopy Realtor® Association)

APN: 0629-07-8338-00000