NOT LISTED FOR SALE

Estimated Value: $631,000 - $744,301

4 Beds
2.5 Baths
1,684 Sq Ft
$410/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $700,000 $416 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,078/month

3 Days on Market

Highlights

  • Solar Power System
  • Open Floorplan
  • Arts and Crafts Architecture
  • Asheville High Rated A-
  • Deck
  • Wood Flooring

About This Home

As of November 2023

Love is in the air at 50 Madison! Nestled in the Heart of Chestnut Hills, this thoughtfully restored 1922 bungalow is a perfect blend of old world charm and modern day comforts. Inside, this 4 bed/2.5 bath home features an open floor plan, original hardwood floors & trim, laundry on both levels and a chef-inspired kitchen. Downstairs level is designed for additional living space or a permitted Airbnb Homestay. Outdoors, you’ll find a kitchen with a covered back deck perched over a mature shade garden–a true urban oasis! This area is perfect for hosting a neighborhood bbq, relaxing by the firepit or reading a book on the private deck. Updates over the last 10 years include custom windows, Trane AC/gas furnace, new kitchen & baths, beautiful spiral staircase, upgraded electric/plumbing, solar panels, metal roof & extensive outdoor landscaping. Four off street parking spaces. Only a few blocks away from Downtown Avl & Charlotte St restaurants & shopping.

Last Agent to Sell the Property

Courtney Bell

Allen Tate/Beverly-Hanks Biltmore Ave Brokerage Email: courtneybell@beverly-hanks.com License #330359 Listed on: 09/28/2023

Allen Tate/Beverly-Hanks Biltmore Ave

Last Buyer's Agent

Chad Adams

eXp Realty, LLC License #306027

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,869

Year Built

  • Built in 1922

Lot Details

  • Back Yard Fenced
  • Property is zoned RM8

Home Design

  • Arts and Crafts Architecture
  • Cottage
  • Bungalow
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Pull Down Stairs to Attic
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Gas Range
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

Partially Finished Basement

  • Exterior Basement Entry
  • Sump Pump

Parking

  • Driveway
  • 4 Open Parking Spaces

Eco-Friendly Details

  • Solar Power System

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Shed

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 964953397200000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,869

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts and Crafts, Bungalow, Cottage
  • Year Built: 1922
  • Restrictions: N/A
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Second Living Quarters: None
  • Road Surface Type: Gravel, Other
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 415.68
  • Geocode Confidence: High
  • Attribution Contact: courtneybell@beverly-hanks.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Flooring: Tile, Wood
  • Interior Amenities: Attic Stairs Pulldown, Breakfast Bar, Open Floorplan, Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1011
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 270
  • Sq Ft Unheated Main: 403
  • Sq Ft Unheated Total: 673
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Exhaust Hood, Gas Range, Gas Water Heater, Washer/Dryer, Other
  • Above Grade Finished Sq Ft: 1011
  • Has Basement: Exterior Entry, Partially Finished, Sump Pump
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 673
  • Living Area: 1684
  • Bedroom Main: 2
  • Room Count: 12
  • Bedroom Basement: 2

Exterior Features

  • Exterior Features: Outdoor Kitchen
  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • Fencing: Back Yard, Fenced
  • Waterfront Elevation: 2000
  • Construction Type: Wood, Other - See Remarks
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered, Deck, Front Porch, Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Driveway, Other - See Remarks

Utilities

  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room, Lower Level, Main Level, Multiple Locations
  • Cooling: Central Air
  • Utilities: Gas, Solar
  • Water Source: City

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Area: 0.11
  • Lot Size Units: Acres
  • Parcel Number: 964953397200000
  • Zoning: RM8
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RM8

Green Features

  • Green Sustainability: Photovoltaic - Solar Power
  • Green Verification Count: 1

MLS Schools

  • Elementary School: Asheville City
  • High School: Asheville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2023
Closed on
Nov 10, 2023
Sold by
Mckeithen Laura Ingram and Mckeithen Bryan J
Bought by
Rothwell Eva M and Rothwell Jonathan R
Seller's Agent
Courtney Bell
Allen Tate/Beverly-Hanks Biltmore Ave
Buyer's Agent
Chad Adams
eXp Realty, LLC
List Price
$685,000
Sold Price
$700,000
Premium/Discount to List
$15,000
2.19%
Views
125
Current Estimated Value
$690,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,425
Avg. Annual Appreciation
-0.76%
Original Mortgage
$560,000
Outstanding Balance
$545,265
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$145,310

Purchase Details

Listed on
Feb 6, 2013
Closed on
Apr 3, 2013
Sold by
Hamilton Cameron Llc
Bought by
Mckeithen Laura Ingram
Seller's Agent
Cheryl MacPhail
Allen Tate/Beverly-Hanks Asheville-North
Buyer's Agent
James Diaz
Likewise Commercial Real Estate
List Price
$160,000
Sold Price
$160,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.91%

Purchase Details

Closed on
Dec 13, 1996
Sold by
Salvucci Theodore L
Bought by
Hamilton Cameron Llc

Purchase Details

Closed on
Jun 3, 1996
Sold by
Ray Margaret
Bought by
Salvucci

Purchase Details

Closed on
Feb 5, 1996
Sold by
Vance Octavia C
Bought by
Ray
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
Rothwell Eva M $700,000 None Listed On Document
Mckeithen Laura Ingram $160,000 None Available
Hamilton Cameron Llc $68,000 --
Salvucci $38,000 --
Ray $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rothwell Eva M $560,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2023 11/15/23 Sold $700,000 +2.2% $416 / Sq Ft
09/28/2023 09/28/23 For Sale $685,000 +328.1% $407 / Sq Ft
04/05/2013 04/05/13 Sold $160,000 0.0% $168 / Sq Ft
02/13/2013 02/13/13 Pending -- -- --
02/06/2013 02/06/13 For Sale $160,000 -- $168 / 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 $3,869 $374,500 $69,100 $305,400
2023 $3,869 $235,900 $69,100 $166,800
2022 $2,352 $235,900 $0 $0
2021 $2,352 $235,900 $0 $0
2020 $2,183 $202,500 $0 $0
2019 $2,183 $202,500 $0 $0
2018 $2,183 $202,500 $0 $0
2017 $2,203 $155,600 $0 $0
2016 $1,912 $155,600 $0 $0
2015 $1,912 $155,600 $0 $0
2014 $1,889 $155,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4073586

Canopy MLS (Canopy Realtor® Association)

APN: 9649-53-3972-00000