NOT LISTED FOR SALE

Estimated Value: $469,000 - $603,000

4 Beds
2 Baths
1,980 Sq Ft
$266/Sq Ft Est. Value

Last Sold June 13, 2022

Last sale price $366,000 $185 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,056/month

66 Days on Market

Highlights

  • Deck
  • Cottage
  • Laundry Room
  • Asheville High Rated A-
  • Covered Patio or Porch
  • Access to stream, creek or river

About This Home

As of June 2022

Looking for a rental investment that actually makes sense? Strong rental demand for this excellent location in the middle of it all. Conveniently located on the Western edge of downtown East West Asheville. This stick built duplex was constructed in 2006 and is occupied by happy (month to month) tenants paying far below fair market rent (@$1K each). Spacious large units with private rear decks overlooking large wooded area with small wet weather branch in back. You can just leave your car parked (in one of the two off street parking spaces) if you lived here because this duplex is just a half a blocks crawl from Haywood Road. Both units have enormous unfinished tall crawl spaces separated by a concrete block fire wall with exterior entrances only. Both units have their own laundry hook ups in the bathroom. Both units have their own Water (yes, really) and Electric meters. Buncombe County Tax Records shows a photo of the wrong house.

Last Agent to Sell the Property

Ben Mansell

Town and Mountain Realty License #132327 Listed on: 04/08/2022

Last Buyer's Agent

Cara Fiano

Mackey Realty LLC License #327770

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,413

Year Built

  • Built in 2006

Lot Details

  • Paved or Partially Paved Lot
  • Sloped Lot

Home Design

  • Duplex
  • Cottage
  • Vinyl Siding

Interior Spaces

  • 1,980 Sq Ft Home
  • Laminate Flooring
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Access to stream, creek or river
  • Deck
  • Covered Patio or Porch

Utilities

  • Heat Pump System

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 9638553186

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,413

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Architectural Style: Cottage
  • Year Built: 2006
  • Ratio Current Price By Acre: 1307142.86
  • Road Surface Type: Asphalt
  • Structure Type: Duplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Basement Outside Entrance, Crawl Space
  • Fireplace: No
  • Flooring: Laminate
  • Fixture Exception Yn: 1
  • Sq Ft Additional: 0
  • Sq Ft Unheated Basement: 0
  • Porch: Covered,Deck,Front
  • Fixture Exception Description: Tenant owned laundry
  • Appliances: Dishwasher, Disposal, Electric Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 1980
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 1023
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 957

Exterior Features

  • New Construction: No
  • Tax Location: Asheville
  • Construction Type: Site Built
  • Property Features: Dishwasher,Disposal,Range/Oven,Refrigerator
  • Waterfront Features: None
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Parking Space - 2

Utilities

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

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Paved, Sloped, Creek/Stream
  • Lot Size Units: Acres
  • Parcel Number: 9638553186
  • Plat Book Slide: 113-21
  • Plat Reference Section Pages: 113-21
  • Zoning Description: RM8

Rental Info

  • Rent Includes: None
  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 1.07772

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 2

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
Jun 3, 2022
Sold by
Wilson Harlan D and Wilson Sandra D
Bought by
Kern Robert Rickett
Seller's Agent
Ben Mansell
Town and Mountain Realty
Buyer's Agent
Cara Fiano
Mackey Realty LLC
List Price
$355,000
Sold Price
$366,000
Premium/Discount to List
$11,000
3.1%
Current Estimated Value
$527,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,016
Avg. Annual Appreciation
11.39%
Original Mortgage
$274,500
Outstanding Balance
$260,774
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$266,242

Purchase Details

Closed on
Mar 10, 2004
Sold by
Chandler James R
Bought by
Wilson Harlan and Wilson Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,000
Interest Rate
5.68%
Mortgage Type
Seller Take Back
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
Kern Robert Rickett $366,000 Cartner & Cartner Law Firm Pa
Wilson Harlan $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kern Robert Rickett $274,500
Previous Owner Wilson Harlan $13,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2022 06/13/22 Sold $366,000 +3.1% $185 / Sq Ft
04/08/2022 04/08/22 For Sale $355,000 -- $179 / 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 $3,413 $329,400 $109,200 $220,200
2024 $3,413 $329,400 $109,200 $220,200
2023 $3,413 $329,400 $109,200 $220,200
2022 $3,285 $329,400 $0 $0
2021 $3,285 $329,400 $0 $0
2020 $3,214 $298,200 $0 $0
2019 $3,214 $298,200 $0 $0
2018 $3,214 $298,200 $0 $0
2017 $3,244 $188,400 $0 $0
2016 $2,315 $188,400 $0 $0
2015 $2,315 $188,400 $0 $0
2014 $2,287 $188,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3847731

Canopy MLS (Canopy Realtor® Association)

APN: 9638-55-3186-00000