NOT LISTED FOR SALE

506 Magnolia Creek Ln Black Mountain, NC 28711

Estimated Value: $440,000 - $521,000

3 Beds
2.5 Baths
1,467 Sq Ft
$320/Sq Ft Est. Value

Last Sold July 06, 2022

Last sale price $435,000 $297 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,840/month

33 Days on Market

Highlights

  • Open Floorplan
  • Lawn
  • Patio
  • Contemporary Architecture
  • Walk-In Closet
  • 1-minute walk to Price Lake

About This Home

As of July 2022

Modern, light-filled 3 bed/2.5 bath townhome with an open floor plan and easy access offers the primary bedroom on main, 10.5 ft ceilings on the first floor, quartz countertops throughout, large, custom walk-in closets with each bedroom, nice covered back patio, and a fenced-in yard. Minimal restrictions and low HOA fee make it perfect for many uses. No rental restrictions. Ideal for investors, a 1031 exchange, or anyone looking for low-maintenance living. Conveniently located less than 2 miles to downtown Black Mountain with city water/sewer, spectrum internet in place, and yard maintenance included in HOA. The community common area borders Swannanoa River so make sure to check it out! Schedule your showing today.

Last Agent to Sell the Property

Jenna Markwordt

Nest Realty Asheville License #316276 Listed on: 06/02/2022

Nest Realty Asheville

Last Buyer's Agent

Abby Holmes

Keller Williams Professionals License #328347

Keller Williams Professionals

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,676

Year Built

  • Built in 2020

Lot Details

  • Fenced
  • Lawn

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Hardboard

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • Window Treatments
  • Vinyl Flooring

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer

Schools

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

Utilities

  • Central Heating
  • Heat Pump System
  • High Speed Internet

Additional Features

  • More Than Two Accessible Exits
  • Patio

Listing and Financial Details

  • Assessor Parcel Number 0619-01-1217-00000

Community Details

Overview

  • See Rpd Association
  • Magnolia Creek Condos
  • Built by Judd Builders
  • Magnolia Creek Subdivision
  • Mandatory home owners association

Security

  • Card or Code Access

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,676

Year Built

Built in 2020

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Architectural Style: Contemporary
  • Year Built: 2020
  • Ratio Current Price By Acre: 14500000.00
  • Restrictions: Subdivision
  • Doors and Windows: Insulated Windows,Pocket Doors
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Unit Floor Level: 1
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: Attic Other, Kitchen Island, Open Floorplan, Walk-In Closet(s), Window Treatments
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 936
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 531
  • Porch: Back,Covered,Patio
  • Appliances: Ceiling Fan(s), Electric Cooktop, Dishwasher, Disposal, Dryer, Electric Oven, Electric Dryer Hookup, Oven, Refrigerator
  • Accessibility Features: Two or More Access Exits
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1467
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Fence, Lawn Maintenance, Underground Power Lines, Wired Internet Available
  • New Construction: No
  • Tax Location: Black Mountain
  • Construction Type: Site Built
  • Construction Type: Hardboard Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 286
  • Parking Features: Garage - 1 Car, Keypad Entry, Parking Space - 2

Utilities

  • Heating: Central, Heat Pump, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 50
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Magnolia Creek
  • Association Name: See RPD
  • ResoAssociationFeeFrequency: Monthly

Schools

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

Lot Info

  • Lot Features: Level, Mountain View
  • Lot Size Area: 0.03
  • Lot Size Units: Acres
  • Parcel Number: 0619-01-1217-00000
  • Plat Book Slide: 208/39
  • Plat Reference Section Pages: 208/39
  • Land Included Yn: 1
  • Zoning Description: R-10

Building Info

  • Builder Name: Judd Builders

Rental Info

  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 1.28205

Multi Family

  • Unit Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2021
Sold by
Flat Creek Commons Llc
Bought by
Markwordt Jenna Leigh and Moller David
Current Estimated Value
$468,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,000
Outstanding Balance
$263,741
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$207,306
Source: Public Records

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 Buyer Sale Price Title Company
Markwordt Jenna Leigh $330,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Markwordt Jenna Leigh $289,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2022 07/06/22 Sold $435,000 +4.8% $297 / Sq Ft
06/02/2022 06/02/22 For Sale $415,000 -- $283 / 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
2023 $2,676 $326,700 $30,000 $296,700
2022 $2,570 $323,700 $0 $0
2021 $2,570 $323,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3865592

Canopy MLS (Canopy Realtor® Association)

APN: 0619-01-1217-00000