$465,000
SOLD MAR 28, 2025

523 Stoney Mountain Rd Hendersonville, NC 28791

4 Beds
4 Baths
2,440 Sq Ft
0.7 Acres

Recently Sold

$191 Per Sq Ft

19% Below List Price

35 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • 2 Car Attached Garage
  • Hendersonville High School Rated A-
  • Great Room
  • Walk-In Closet

About This Home

As of March 2025

Investment Opportunity! Duplex home with strong rental history, over 2,400 sq. ft., remodeled in fall of 2022 with new vinyl plank flooring, fresh paint, most appliances, new HVAC, and new driveway pavement. Each unit is over 1,200 sq. ft. with 2 bedrooms, 2 full bathrooms and 2-car garage. Ample space with desired open floor plan including laundry hookups all in a great location just outside city limits in city ETJ but with county only taxes. Low maintenance exterior, separate power and city water meters for each unit. Tenants in place with leases, virtually no vacancy time here for many years. A rare opportunity, and call listing agent about one other similar duplex.

Last Agent to Sell the Property

Jon Blatt

So. Homes & Land/So. Commercial Brokerage Email: gosouthern@morrisbb.net License #39960 Listed on: 01/29/2025

Co-Listed By

Kenneth Barnwell

So. Homes & Land/So. Commercial Brokerage Email: gosouthern@morrisbb.net License #244630

Last Buyer's Agent

Dee Gambrell

BluAxis Realty License #319035

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,322

Year Built

  • Built in 2002

Lot Details

  • Paved or Partially Paved Lot
  • Level Lot
  • Open Lot
  • Cleared Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2,440 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Window Treatments
  • Great Room
  • Dining Area
  • Vinyl Flooring
  • Crawl Space

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry closet
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Deck

Schools

  • Bruce Drysdale Elementary School
  • Hendersonville Middle School
  • Hendersonville High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, internet, trash collection, water
  • The owner pays for exterior maintenance, management
  • Assessor Parcel Number 9970225

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,322

Year Built

Built in 2002

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Architectural Style: Ranch
  • Year Built: 2002
  • Road Surface Type: Asphalt, Paved
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: gosouthern@morrisbb.net
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: Walk-In Closet(s)
  • Room Other: Primary Bedroom,Bedroom(s),Bathroom(s),Kitchen,Dining Area,Great Room
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Owner Pays: Exterior Maintenance, Management
  • Above Grade Finished Sq Ft: 2440
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Living Area: 2440
  • Building Stories: 1
  • Window Features: Insulated Window(s), Window Treatments
  • Unit Type Features: Ceiling Fan(s),Open Floorplan,Walk-In Closet(s)
  • Unit Type Features: Ceiling Fan(s),Open Floorplan,Walk-In Closet(s)

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Road Frontage: 135
  • Waterfront Elevation: 2000
  • Construction Type: Vinyl
  • Patio And Porch Features: Deck

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 854
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, Garage Door Opener

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Laundry Closet, Washer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air, Heat Pump
  • Utilities: Cable Available, Electricity Connected, Underground Power Lines
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Cleared, Level, Open Lot, Paved, Wooded
  • Lot Size Area: 0.7
  • Lot Size Units: Acres
  • Parcel Number: 9970225
  • Zoning: R-20
  • Plat Book Slide: 2002/4037
  • Plat Reference Section Pages: 4037
  • Additional Parcels Description: See Deed Reference For Small Additional Lot (Tract 2)
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-20 ETJ

Green Features

  • Green Verification Count: 0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Internet, Trash Collection, Water
  • Pets Allowed: No

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Bruce Drysdale
  • High School: Hendersonville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2025
Closed on
May 2, 2025
Sold by
Reid Richard and Reid Alison
Bought by
Big Woods Investments Llc
Seller's Agent
Jon Blatt
So. Homes & Land/So. Commercial
Buyer's Agent
Dee Gambrell
BluAxis Realty
List Price
$575,000
Sold Price
$465,000
Premium/Discount to List
-$110,000
-19.13%
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.80%

Purchase Details

Listed on
Jan 29, 2025
Closed on
Mar 27, 2025
Sold by
Ernest E Williams Family Limited Partner and Limerick Properties Llc
Bought by
Reid Richard and Reid Alison
Seller's Agent
Jon Blatt
So. Homes & Land/So. Commercial
Buyer's Agent
Dee Gambrell
BluAxis Realty
List Price
$575,000
Sold Price
$465,000
Premium/Discount to List
-$110,000
-19.13%
Views
29
Source: Public Records

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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 Type Sale Price Title Company
Warranty Deed -- Chicago Title
Warranty Deed -- Chicago Title
Warranty Deed $930,000 Chicago Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 For Rent $1,595 0.0% --
03/28/2025 03/28/25 Sold $465,000 -19.1% $191 / Sq Ft
01/29/2025 01/29/25 For Sale $575,000 0.0% $236 / Sq Ft
02/06/2024 02/06/24 Rented $1,400 0.0% --
02/01/2024 02/01/24 For Rent $1,400 -- --
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 $2,322 $425,200 $56,000 $369,200
2024 $2,322 $425,200 $56,000 $369,200
2023 $2,322 $425,200 $56,000 $369,200
2022 $1,517 $222,800 $30,100 $192,700
2021 $1,517 $222,800 $30,100 $192,700
2020 $1,517 $222,800 $0 $0
2019 $1,517 $222,800 $0 $0
2018 $1,346 $196,500 $0 $0
2017 $1,346 $196,500 $0 $0
2016 $1,346 $196,500 $0 $0
2015 -- $196,500 $0 $0
2014 -- $184,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4217096

Canopy MLS (Canopy Realtor® Association)

APN: 9970225