$304,000

506 Olde Covington Way Arden, NC 28704

Estimated payment $1,917/month

3 Beds
2.5 Baths
1,360 Sq Ft
$224 Price per Sq Ft

Highlights

  • Covered Patio or Porch
  • Cul-De-Sac
  • Cooling Available
  • Glen Arden Elementary School Rated A-
  • 1 Car Attached Garage
  • Laundry Room

About This Home

Discover turnkey living in this beautifully updated, end unit condo in Covington Crossing! Located in a highly desirable area of South Asheville, you'll be centrally located to vibrant downtown Asheville and Hendersonville without city taxes. This spacious 3-bedroom, 2.5 bath condo is tucked away at the end of a cul-de-sac and has a large, green-space area adjacent to it. Enjoy peaceful mornings with a cup of coffee on your back patio or cozy evenings with a book in front of your gas fireplace. Relax as the HOA takes care of all exterior grounds and building maintenance. This property is an easy lock and go second home or would make an excellent investment property for long-term rentals. The interior has been updated to include fresh paint, ceiling fans, lighting fixtures, electric garage door opener, stainless steel appliances and new carpet throughout. Excellent location convenient to the Asheville Airport, WNC Ag Center, Biltmore Park Town Square, shopping and restaurants.

Listing Agent

Kristi Brannon

Two Trails LLC Brokerage Email: kbrannon@twotrailsllc.com License #215530 Listed on: 11/25/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,037

Year Built

  • Built in 2002

HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • 2 Open Parking Spaces

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Underground Utilities
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Cul-De-Sac

Community Details

  • Baldwin Real Estate Association, Phone Number (828) 684-3400
  • Two Trails Association, Phone Number (828) 696-2173
  • Covington Crossing Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 9653-77-8695-CE506

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,037

Year Built

Built in 2002

Lot Details

0

HOA Fees

$226 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 2002
  • Restrictions: Subdivision
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: Two
  • Ratio CurrentPrice/TotalPropertyHLA: 223.53
  • Geocode Confidence: High
  • Attribution Contact: kbrannon@twotrailsllc.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Fireplace: Yes
  • Flooring: Carpet, Linoleum
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 810
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 550
  • Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator with Ice Maker
  • Above Grade Finished Sq Ft: 1360
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Gas
  • Living Area: 1360
  • Bedroom Main: 0

Exterior Features

  • New Construction: No
  • Roof: Architectural Shingle
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Vinyl
  • Patio And Porch Features: Covered, Front Porch, Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway, Attached Garage, Garage Door Opener

Utilities

  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room, Main Level
  • Cooling: Electric, Heat Pump
  • Utilities: Cable Available, Electricity Connected, Natural Gas, Underground Utilities
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 213
  • Association Fee Frequency: Monthly
  • Association #2 Fee: 157
  • Association #2 Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association: Two Trails
  • Association Name: Baldwin Real Estate
  • Association Phone #2: 828-696-2173
  • Phone: 828-684-3400
  • Association: Yes
  • Association Email: rebecca@baldwinrealestateinc.com

Association/Amenities

  • Association Annual Expense: 2713.00
  • Association Email 2: kbrannon@twotrailsllc.com

Schools

  • Middle Or Junior School: Cane Creek
  • HOA Subject To: Required

Lot Info

  • Lot Features: Cul-De-Sac, Level
  • Parcel Number: 9653-77-8695-CE506
  • Plat Book Slide: 0086-0152
  • Land Included Yn: 0
  • Additional Parcels: No
  • Zoning Specification: R-2

Rental Info

  • Pets Allowed: Yes

MLS Schools

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

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,037 $167,500 -- $167,500
2024 $1,037 $167,500 -- $167,500
2023 $1,037 $167,500 $0 $167,500
2022 $982 $167,500 $0 $0
2021 $982 $167,500 $0 $0
2020 $844 $134,000 $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

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2025 11/25/25 For Sale $304,000 -- $224 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $123,000 None Available
Deed $123,000 --
Warranty Deed $95,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $62,000 Purchase Money Mortgage
Source: Public Records

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4314368

Canopy MLS (Canopy Realtor® Association)

APN: 9653-77-8695-CE506