NOT LISTED FOR SALE

507 Olde Covington Way Unit 507 Arden, NC 28704

Estimated Value: $264,000 - $299,000

3 Beds
2.5 Baths
1,380 Sq Ft
2002 Built

Last Sold September 14, 2012

Last sale price $121,900 $88 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $1,582/month

72 Days on Market

Highlights

  • Vinyl Flooring
  • Glen Arden Elementary School Rated A-
  • Gas Log Fireplace

About This Home

As of September 2012

Freshly painted movin ready 3 bedroom 2.5 bath home. Open floor plan with upgraded fixtures and hardware. End unit with great natural light.

Last Agent to Sell the Property

Kevin Scarmack

Mountain Oak Properties LLC License #238363 Listed on: 06/04/2012

Last Buyer's Agent

Barbara Zlatkin

Buncombe Realty License #213065

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,031

Year Built

  • Built in 2002

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Gas Log Fireplace
  • Vinyl Flooring

Listing and Financial Details

  • Assessor Parcel Number 9653-77-8695-CE507

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,031

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 2 Story
  • Ratio Close Price By List Price: 0.97598
  • Ratio Close Price By Original Li: 0.90363
  • Ratio Current Price By Sq Ft: 88.33
  • Year Built: 2002
  • Special Features: Auction
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 826
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Disposal, Dishwasher, Electric Range, Refrigerator, Security System, Electric Oven
  • Fireplace Description: Gas Unvented, Gas Logs
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet
  • Room Count: 4
  • Main Level Sq Ft: 554
  • Total Sq Ft: 1380

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Heating: Baseboard Hot Water Heat, Heat Pump - AC
  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • Association Fee: 151.02

Schools

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

Lot Info

  • Parcel Number: 9653-77-8695-CE507
  • Plat Reference Section Pages: 4873
  • Zoning Specification: R-2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2012
Closed on
Sep 1, 2012
Sold by
American Ira Llc
Bought by
Simmons Pearley D and Simmons Willie James
Seller's Agent
Kevin Scarmack
Mountain Oak Properties LLC
Buyer's Agent
Barbara Zlatkin
Buncombe Realty
List Price
$134,900
Sold Price
$121,900
Premium/Discount to List
-$13,000
-9.64%
Current Estimated Value
$282,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,201
Avg. Annual Appreciation
6.64%
Original Mortgage
$121,900
Outstanding Balance
$87,004
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$195,097

Purchase Details

Closed on
Nov 19, 2009
Sold by
Mckeon Leesa
Bought by
Laucks Bette Norwood

Purchase Details

Closed on
Apr 15, 2005
Sold by
Relocation Advantage Llc
Bought by
Siegle Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,780
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2003
Sold by
Covington Crossing Llc
Bought by
Sherrill Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,200
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage
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
Simmons Pearley D $122,000 None Available
Laucks Bette Norwood $132,000 None Available
Siegle Lori $127,500 --
Sherrill Jason $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simmons Pearley D $121,900
Previous Owner Siegle Lori $101,780
Previous Owner Sherrill Jason $83,200
Closed Sherrill Jason $20,800
Closed Siegle Lori $25,445
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2012 09/14/12 Sold $121,900 -9.6% $88 / Sq Ft
08/15/2012 08/15/12 Pending -- -- --
06/04/2012 06/04/12 For Sale $134,900 -- $98 / 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 $1,031 $167,500 -- $167,500
2024 $1,031 $167,500 -- $167,500
2023 $1,031 $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

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM519796

Canopy MLS (Canopy Realtor® Association)

APN: 9653-77-8695-CE507