NOT LISTED FOR SALE

5 Sunset View Asheville, NC 28804

Town Mountain Neighborhood

Estimated Value: $1,294,000 - $2,161,000

7 Beds
5 Baths
3,704 Sq Ft
$459/Sq Ft Est. Value

Last Sold April 10, 2023

Last sale price $840,000 $227 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $9,940/month

105 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Side Porch
  • Asheville High Rated A-
  • No HOA
  • Laundry Room

About This Home

As of April 2023

Income producing, 4 unit building just a stone's throw away from the Grove Park Inn in a great neighborhood. Close to Downtown Asheville, restaurants, the Blue Ridge Parkway, and more! Property has 2 units on the main level and 2 units on the basement level. All in good shape and rented. Owner is responsible for water and tenants pay their own electricity. So many possibilities for this property, come see!!

Last Agent to Sell the Property

Brent Allen

Patton Allen Real Estate LLC Brokerage Email: brent@theallenteamasheville.com License #204647 Listed on: 11/10/2022

Last Buyer's Agent

Aviva Pitt

Town and Mountain Realty License #282734

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.36 Acre Lot
  • Level Lot

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,704 Sq Ft Home
  • Dining Area
  • Utility Room
  • Partially Finished Basement

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Detached Carport Spaces
  • Driveway
  • 4 Open Parking Spaces

Outdoor Features

  • Side Porch

Schools

  • Asheville City Elementary School
  • Asheville Middle School
  • Asheville High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for exterior maintenance, management, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 964977678300000

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0.36 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Fourplex
  • Architectural Style: Ranch
  • Year Built: 1961
  • Road Surface Type: Asphalt, Paved
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: brent@theallenteamasheville.com
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Tile, Vinyl, Wood
  • Room Other: Bathroom(s),Bedroom(s),Dining Area,Kitchen,Laundry,Utility Room
  • Appliances: Dryer, Electric Oven, Electric Range, Electric Water Heater, Oven, Refrigerator, Washer
  • Other Equipment: Other - See Remarks
  • Owner Pays: Exterior Maintenance, Management, Sewer, Snow Removal, Trash Collection, Water
  • Has Basement: Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 1554
  • Living Area: 3704

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Wood
  • Patio And Porch Features: Side Porch, Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Carport, Driveway, Parking Space(s)

Utilities

  • Heating: Baseboard, Electric, Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Common Area, Main Level
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Asheville
  • HOA Subject To: None

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 964977678300000
  • Zoning: RM6
  • Plat Book Slide: 9/18
  • Lot Size Acres: 0.36
  • Lot Size Sq Ft: 15681
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RM6

Rental Info

  • Tenant Pays: Electricity
  • Pets Allowed: Yes

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Asheville City
  • High School: Asheville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2022
Sold by
Armstrong Scott A and Armstrong Amanda F
Bought by
Laura Elizabeth Miller Revocable Trust
Current Estimated Value
$1,698,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Outstanding Balance
$1,178,498
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$520,154

Purchase Details

Closed on
May 15, 2020
Sold by
Ghassemieh Mohammad S and Ghassemieh Donna F
Bought by
Armstrong Scott A and Armstrong Amanda F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$627,300
Interest Rate
3.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Laura Elizabeth Miller Revocable Trust $1,550,000 None Listed On Document
Armstrong Scott A $697,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laura Elizabeth Miller Revocable Trust $1,240,000
Previous Owner Armstrong Scott A $627,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2023 04/10/23 Sold $840,000 -4.0% $227 / Sq Ft
01/20/2023 01/20/23 Price Changed $875,000 -5.4% $236 / Sq Ft
11/10/2022 11/10/22 For Sale $925,000 -- $250 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $13,209 $1,278,600 $149,900 $1,128,700
2024 $13,209 $1,278,600 $149,900 $1,128,700
2023 $13,209 $1,278,600 $149,900 $1,128,700
2022 $8,459 $848,300 $0 $0
2021 $8,459 $848,300 $0 $0
2020 $7,967 $739,100 $0 $0
2019 $7,967 $739,100 $0 $0
2018 $7,967 $739,100 $0 $0
2017 $0 $532,600 $0 $0
2016 $6,546 $532,600 $0 $0
2015 $6,546 $532,600 $0 $0
2014 $6,466 $532,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brent Allen

    Seller's Agent in 2023

    Brent Allen

    Patton Allen Real Estate LLC

    (828) 777-5458

    1 in this area

    97 Total Sales

    Brent Allen
    Section Image
  • Aviva Pitt

    Buyer's Agent in 2023

    Aviva Pitt

    Town and Mountain Realty

    (828) 450-0849

    2 in this area

    128 Total Sales

    Aviva Pitt
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3922152

Canopy MLS (Canopy Realtor® Association)

APN: 9649-83-4070-00000

North Carolina Buncombe County Asheville 28804 Town Mountain

5 Sunset View, Asheville, NC

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS (Canopy Realtor® Association) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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