NOT LISTED FOR SALE

Estimated Value: $788,000 - $917,000

2 Beds
2 Baths
1,294 Sq Ft
$325/mo HOA Fee

Last Sold August 03, 2021

Last sale price $687,000 $531 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,558/month

30 Days on Market

Highlights

  • Open Floorplan
  • Clubhouse
  • Outdoor Fireplace
  • Asheville High Rated A-
  • Contemporary Architecture
  • 2-minute walk to Triangle Park

About This Home

As of August 2021

Luxury Condo in the central downtown. Residents love the warm feeling of their neighbors in the building as well as the proximity to all that is living in downtown Asheville, with dining, shopping and entertainment. This almost brand new construction home has tons of light and a large open living plan. Northwestern facing, this condo is extremely perfect to entertain in and enjoy city life. Your kitchen boasts solid surface counter tops and space for lots of bar stools. The sellers have renovated each of the baths as well as updates to the kitchen. Ready to grill out? The building has a large common area complete with gas grills, fire pit and gaming areas. The indoor space is large enough to host your next party. The attached garage makes it easy to park and off load all your groceries. Elevators move you to and from the 5 levels of the building. Make sure to ask about the brownfield tax rebate for residents.

Last Agent to Sell the Property

Byron Greiner

Dwell Realty Group License #215646 Listed on: 05/14/2021

Last Buyer's Agent

Vivian Fey

Allen Tate/Beverly-Hanks Asheville-Biltmore Park License #279583

Allen Tate/Beverly-Hanks Asheville-Biltmore Park

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2018

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • 1

Home Design

  • Contemporary Architecture
  • Stone Siding

Interior Spaces

  • Open Floorplan
  • Window Treatments

Kitchen

  • Breakfast Bar
  • Kitchen Island

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Outdoor Fireplace
  • Outdoor Kitchen

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9648-49-8692-C0415

Community Details

Overview

  • Association Phone (828) 774-6757
  • Mid-Rise Condominium

Amenities

  • Picnic Area
  • Clubhouse
  • Elevator

Property Details

Home Type

Condominium

Year Built

Built in 2018

Lot Details

0

HOA Fees

$325 per month

Parking

1

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: Mid-Rise
  • Architectural Style: Contemporary
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98157
  • Ratio Close Price By Original Li: 0.91722
  • Ratio Current Price By Sq Ft: 530.91
  • Unit Floor Level: 5
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Foundation Details: Concrete
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Entry Level: Main
  • Equipment: Cable Prewire, CO Detector, Dishwasher, Disposal, Dryer, Electric Dryer Hookup, Electric Range, Exhaust Fan, Microwave, Refrigerator, Washer
  • Flooring: Laminate Wood, Tile
  • H O A Management Phone: 828-774-6757
  • Interior Amenities: Breakfast Bar, Cable Available, Elevator, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), Window Treatments
  • Laundry Location: Closet
  • Room Count: 1
  • Main Level Sq Ft: 1294
  • Total Sq Ft: 1294

Exterior Features

  • Construction: Brick Partial, Stone
  • Construction Type: Site Built
  • Exterior Features: Outdoor Fireplace, Outdoor Kitchen, Wired Internet Available

Garage/Parking

  • Driveway: Concrete
  • Parking: Detached Garage, Garage - 1 Car, Lot

Utilities

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

Condo/Co-op/Association

  • Community Features: Club House, Elevator, Picnic Area, Sidewalk
  • Association Fee: 324.56
  • Association Fee Frequency: Monthly
  • Complex Name: 55 South Market
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Features: City View, Mountain View, Sloping, Views
  • Parcel Number: 9648-49-8692-C0415
  • Plat Book Slide: 0200/0104
  • Zoning Specification: CBD

Tax Info

  • Tax Value: 425700.00
  • Tax Location: Asheville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2021
Closed on
Jul 30, 2021
Sold by
Rahn David and Rahn Lynne
Bought by
Ramirez Juan and Ramirez Josefina R
Seller's Agent
Byron Greiner
Dwell Realty Group
Buyer's Agent
Vivian Fey
Allen Tate/Beverly-Hanks Asheville-Biltmore Park
List Price
$749,000
Sold Price
$687,000
Premium/Discount to List
-$62,000
-8.28%
Current Estimated Value
$869,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,899
Avg. Annual Appreciation
5.50%
Original Mortgage
$548,250
Outstanding Balance
$504,079
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$348,443

Purchase Details

Listed on
Aug 11, 2017
Closed on
Jul 26, 2019
Sold by
Five South Market Llc
Bought by
Rahn David and Rahn Lynne
Seller's Agent
William Coin
Allen Tate/Beverly-Hanks Biltmore Ave
Buyer's Agent
Greg Hnatin
Allen Tate/Beverly-Hanks Asheville-North
List Price
$509,750
Sold Price
$518,300
Premium/Discount to List
$8,550
1.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.89%
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
Ramirez Juan $687,000 None Available
Rahn David $518,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Juan $548,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2021 08/03/21 Sold $687,000 -1.8% $531 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
06/04/2021 06/04/21 Price Changed $699,900 -1.4% $541 / Sq Ft
06/01/2021 06/01/21 Price Changed $710,000 -2.1% $549 / Sq Ft
05/24/2021 05/24/21 Price Changed $725,000 -1.6% $560 / Sq Ft
05/20/2021 05/20/21 Price Changed $737,000 -1.6% $570 / Sq Ft
05/14/2021 05/14/21 For Sale $749,000 +44.5% $579 / Sq Ft
07/25/2019 07/25/19 Sold $518,300 +1.7% $401 / Sq Ft
03/19/2018 03/19/18 Pending -- -- --
08/11/2017 08/11/17 For Sale $509,750 -- $394 / 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 $5,922 $587,100 $0 $587,100
2022 $2,927 $587,100 $0 $587,100
2021 $1,464 $587,100 $0 $0
2020 $459 $425,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3733590

Canopy MLS (Canopy Realtor® Association)

APN: 9648-49-8692-C0415