NOT LISTED FOR SALE

508 Magnolia Creek Ln Black Mountain, NC 28711

Estimated Value: $381,000 - $514,000

3 Beds
2.5 Baths
1,502 Sq Ft
$50/mo HOA Fee

Last Sold August 30, 2021

Last sale price $329,900 $220 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,725/month

Highlights

  • Under Construction
  • Contemporary Architecture
  • Recreation Facilities
  • Open Floorplan
  • Lawn
  • 1-minute walk to Price Lake

About This Home

As of August 2021

Quality new construction contemporary townhouse being built by Judd Builders. The new Magnolia Creek community has mountain views and is conveniently located less than 2 miles from downtown Black Mountain and 16 miles from downtown Asheville. Low maintenance living with lawn care included in low HOA. Townhome features an open floor plan with 10 1/2 ft ceilings, master bedroom and laundry on main level. Spacious master suite has a tiled shower, double vanity, and custom walk-in closet by Carolina Closets. Kitchen has breakfast bar, quartz, subway tile backsplash and Samsung SS appliances. Upstairs you'll find 2 bedrooms with a Jack/Jill bathroom, double vanities, and quartz countertops. Low $50 per month HOA covers road maintenance and lawn care. Community trail and firepit next to the river. No rental restrictions.

Last Agent to Sell the Property

Lauren Reinhardt

Allen Tate/Beverly-Hanks Fletcher License #273033 Listed on: 07/23/2021

Allen Tate/Beverly-Hanks Fletcher

Co-Listed By

Billy Taylor

Allen Tate/Beverly-Hanks Fletcher License #81063

Last Buyer's Agent

Alisha Crowder

Keller Williams Professionals License #251325

Keller Williams Professionals

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,715

Year Built

  • Built in 2020 | Under Construction

Lot Details

  • 1,307

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Contemporary Architecture
  • Slab Foundation

Interior Spaces

  • Open Floorplan
  • Insulated Windows
  • Pocket Doors
  • Tile Flooring
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Oven
  • Kitchen Island

Bedrooms and Bathrooms

  • Walk-In Closet

Additional Features

  • Lawn
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 061901133300000

Community Details

Overview

  • Jesse Gardner Association, Phone Number (828) 216-8399
  • Built by Judd Builders

Recreation

  • Recreation Facilities
  • Trails

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,715

Year Built

Built in 2020 | Under Construction

Lot Details

0

HOA Fees

$50 per month

Parking

1

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 2 Story
  • Architectural Style: Contemporary
  • Construction Status: Under Construction
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Acre: 10996666.67
  • Ratio Current Price By Sq Ft: 219.64
  • Unit Floor Level: 1
  • Year Built: 2020
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 542
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Doors and Windows: Insulated Windows, Pocket Doors
  • Entry Level: Main
  • Equipment: Cable Prewire, Ceiling Fan(s), CO Detector, Dishwasher, Disposal, Electric Oven, Electric Dryer Hookup, Electric Range, g-Energy Star® Dishwasher, Exhaust Fan, Freezer, Ice Maker Connection, Microwave, Oven, Refrigerator, Self Cleaning Oven
  • Flooring: Tile
  • H O A Management Phone: 828-216-8399
  • Interior Amenities: Attic Stairs Pulldown, Breakfast Bar, Cable Available, Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Laundry Location: Main, Closet
  • Room Count: 2
  • Main Level Sq Ft: 960
  • Total Sq Ft: 1502

Exterior Features

  • Construction: Hardboard Siding, Shingle, Wood
  • Construction Type: Site Built
  • Exterior Features: Lawn Maintenance, Underground Power Lines
  • New Construction: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Driveway, Garage - 1 Car, Keypad Entry

Utilities

  • Heating: Central Air, Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Recreation Area, Walking Trails
  • Association Fee: 50.00
  • Association Fee Frequency: Monthly
  • Complex Name: Magnolia Creek
  • HOA Management Company: Jesse Gardner
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Land Included Yn: Yes
  • Lot Features: Level, Mountain View
  • Lot Size Area: 0.030
  • Parcel Number: 061901133300000
  • Plat Book Slide: 0208/0039
  • Zoning Specification: TR-4

Building Info

  • Builder Name: Judd Builders

Tax Info

  • Tax Location: Black Mountain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Aug 30, 2021
Sold by
Flat Creek Commons Llc
Bought by
Zirin Ronald Freilich and Makrogiannis Barbara
Seller's Agent
Lauren Reinhardt
Allen Tate/Beverly-Hanks Fletcher
Buyer's Agent
Alisha Crowder
Keller Williams Professionals
List Price
$329,900
Sold Price
$329,900
Current Estimated Value
$447,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,333
Avg. Annual Appreciation
8.02%
Original Mortgage
$263,920
Outstanding Balance
$242,750
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$204,605
Source: Public Records

Range of Values:

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Average Value
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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
Zirin Ronald Freilich $330,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zirin Ronald Freilich $263,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2021 08/30/21 Sold $329,900 0.0% $220 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $329,900 -- $220 / 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 $2,715 $323,700 $30,000 $293,700
2022 $2,570 $323,700 $0 $0
2021 $1,181 $148,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3765656

Canopy MLS (Canopy Realtor® Association)

APN: 0619-01-1333-00000