NOT LISTED FOR SALE

504 Olde Covington Way Unit 504 Arden, NC 28704

Estimated Value: $246,000 - $288,000

3 Beds
2.5 Baths
1,400 Sq Ft
$172/mo HOA Fee

Last Sold September 03, 2021

Last sale price $225,000 $161 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,716/month

4 Days on Market

Highlights

  • Attached Garage
  • Walk-In Closet
  • Gas Log Fireplace
  • Glen Arden Elementary School Rated A-
  • Vinyl Flooring

About This Home

As of September 2021

Coveted end unit in Covington Crossing! Great location, close to many services and amenities via Airport and Hendersonville road. Spacious 3 bedroom floor-plan, 2 & 1/2 baths with garage, tucked away on a cul-de-sac in the back of the community. Worry-free living, brand new HVAC in 2020, and low HOA dues. Easy lock & go as a second home, or great investment property for long-term rentals. So many options, buyers can easily put their decorative touches on this fantastic property and call it home!

Last Agent to Sell the Property

Corky Cordell

Cordell Realty LLC License #285249 Listed on: 08/12/2021

Last Buyer's Agent

Bob Gilkeson

RE/MAX Executive License #244014

RE/MAX Executive

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2002

Lot Details

  • 5.22

HOA Fees

  • $172 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Gas Log Fireplace
  • Vinyl Flooring

Bedrooms and Bathrooms

  • Walk-In Closet

Community Details

  • Baldwin Real Estate Association, Phone Number (828) 684-3400

Listing and Financial Details

  • Assessor Parcel Number 9653-77-8695-CE504
  • Tax Block BLDG E

Property Details

Home Type

Condominium

Year Built

Built in 2002

Lot Details

0

HOA Fees

$172 per month

Parking

1

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 2 Story
  • Ratio Close Price By List Price: 0.95745
  • Ratio Close Price By Original Li: 0.95745
  • Ratio Current Price By Sq Ft: 160.71
  • Unit Floor Level: 1
  • Year Built: 2002
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Concrete, Slab
  • Upper Level Sq Ft: 846
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Entry Level: Main
  • Equipment: Ceiling Fan(s), Dishwasher, Disposal, Dryer, Electric Range, Microwave, Natural Gas, Refrigerator, Washer
  • Fireplace Description: Gas Logs, Living Room, Natural Gas
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • H O A Management Phone: 828-684-3400
  • Interior Amenities: Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 554
  • Total Sq Ft: 1400

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Attached Garage, Garage - 1 Car, Parking Space - 3

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas, Natural Gas

Condo/Co-op/Association

  • Association Fee: 172.00
  • Association Fee Frequency: Monthly
  • Complex Name: Covington Crossing
  • HOA Management Company: Baldwin Real Estate
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Features: Cul-de-sac Lot
  • Parcel Number: 9653-77-8695-CE504
  • Plat Book Slide: 86/152
  • Zoning Specification: R-2

Tax Info

  • Tax Value: 175500.00
  • Tax Block: BLDG E
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Sep 3, 2021
Sold by
Johnson Gary Edward and Johnson Myra O
Bought by
Davis Mackenzie Bear
Seller's Agent
Corky Cordell
Cordell Realty LLC
Buyer's Agent
Bob Gilkeson
RE/MAX Executive
List Price
$235,000
Sold Price
$225,000
Premium/Discount to List
-$10,000
-4.26%
Current Estimated Value
$274,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,258
Avg. Annual Appreciation
4.98%

Purchase Details

Listed on
Aug 24, 2018
Closed on
Mar 5, 2019
Sold by
Papakonstantinou Chris and Papakonstantinou Vicky
Bought by
Johnson Gary Edward and Johnson Myra O Kelley
Seller's Agent
Donna Prinz
Keller Williams Biltmore Village
Buyer's Agent
Rob Price
Keller Williams Professionals
List Price
$189,900
Sold Price
$165,000
Premium/Discount to List
-$24,900
-13.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.67%
Original Mortgage
$123,750
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 18, 2007
Sold by
Helmuth Tracey L
Bought by
Papakonstantinou Chris

Purchase Details

Closed on
Feb 26, 2003
Sold by
Covington Crossing Llc
Bought by
Mcgowan Edward J and Mcgowan Nancy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,739
Interest Rate
5.95%
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
Davis Mackenzie Bear $225,000 None Available
Johnson Gary Edward $165,000 None Available
Papakonstantinou Chris $141,000 None Available
Mcgowan Edward J $96,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Gary Edward $123,750
Previous Owner Mcgowan Edward J $95,739
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2021 09/03/21 Sold $225,000 -4.3% $161 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $235,000 +42.4% $168 / Sq Ft
04/05/2019 04/05/19 Sold $165,000 -8.3% $118 / Sq Ft
01/21/2019 01/21/19 Pending -- -- --
01/18/2019 01/18/19 Price Changed $179,900 -2.8% $129 / Sq Ft
11/30/2018 11/30/18 Price Changed $185,000 -2.6% $132 / Sq Ft
11/06/2018 11/06/18 Price Changed $189,900 0.0% $136 / Sq Ft
11/06/2018 11/06/18 For Sale $189,900 +2.6% $136 / Sq Ft
09/21/2018 09/21/18 Pending -- -- --
09/19/2018 09/19/18 Price Changed $185,000 -2.6% $132 / Sq Ft
09/07/2018 09/07/18 Price Changed $189,900 -5.0% $136 / Sq Ft
08/24/2018 08/24/18 For Sale $199,900 -- $143 / 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 $1,080 $175,500 -- $175,500
2024 $1,080 $175,500 -- $175,500
2023 $1,080 $175,500 $0 $175,500
2022 $1,028 $175,500 $0 $0
2021 $1,028 $175,500 $0 $0
2020 $879 $139,500 $0 $0
2019 $844 $134,000 $0 $0
2018 $844 $134,000 $0 $0
2017 $844 $120,300 $0 $0
2016 $836 $0 $0 $0
2015 $836 $120,300 $0 $0
2014 $836 $120,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Corky Cordell

    Cordell Realty LLC

    (828) 231-9940

    5 in this area

    31 Total Sales

    Corky Cordell
    Section Image
  • Bob Gilkeson

    Buyer's Agent in 2021

    Bob Gilkeson

    RE/MAX Executives Charlotte, NC

    (828) 670-1500

    3 in this area

    48 Total Sales

    Bob Gilkeson
    Section Image
  • Donna Prinz

    Seller's Agent in 2019

    Donna Prinz

    Keller Williams Biltmore Village

    (828) 216-6250

    8 in this area

    147 Total Sales

    Donna Prinz
    Section Image

  • P

    Seller Co-Listing Agent in 2019

    Pat Puckridge

    Keller Williams Biltmore Village

    Section Image

  • R

    Buyer's Agent in 2019

    Rob Price

    Keller Williams Professionals

    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3773038

Canopy MLS (Canopy Realtor® Association)

APN: 9653-77-8695-CE504

North Carolina Buncombe County Arden 28704

504 Olde Covington Way Unit 504, Arden, NC

This home is located at 504 Olde Covington Way Unit 504, Arden, NC 28704 since 12 August 2021 and is currently estimated at $274,258, approximately $195 per square foot. This property was built in 2002. 504 Olde Covington Way Unit 504 is a home located in Buncombe County with nearby schools including Glen Arden Elementary School, T.C. Roberson High School, and Koontz Intermediate School.

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