NOT LISTED FOR SALE

Estimated Value: $727,132 - $930,000

4 Beds
2 Baths
2,190 Sq Ft
$388/Sq Ft Est. Value

Last Sold April 29, 2019

Last sale price $540,000 $247 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,917/month

8 Days on Market

Highlights

  • Hilly Lot
  • Wooded Lot
  • Fireplace
  • Asheville High Rated A-
  • Wood Flooring
  • Level Lot

About This Home

As of April 2019

Gorgeous two-story Montford duplex! Incredible investment property- live in one apartment and rent the other or rent both. Hardwood floors, high ceilings, and period details throughout.
Unit A on the ground floor is a split-bedroom floor plan with a large living room, dining room, and modern eat-in kitchen. Large storage room/pantry has washer/dryer hookup for private laundry in Unit A. Second floor apartment (Unit B) has spacious living room, eat-in kitchen, and large bathroom. Three mini-split heating/cooling systems in Unit B provide personalized comfort.
Huge walk-out, daylight basement has high ceilings, and multiple entrances and rooms. Basement has tremendous potential—finish for extra heated square footage or use for studio/flex space. Fabulous Montford location: walk or bike to Montford Park, Chiesa, Nine Mile, or All Day Darling and just minutes to Downtown Asheville.

Last Agent to Sell the Property

Vanessa Byrd

Mosaic Community Lifestyle Realty License #269064 Listed on: 03/13/2019

Last Buyer's Agent

Amy Giles

Town and Mountain Realty License #210453

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • Level Lot
  • Hilly Lot
  • Wooded Lot
  • Many Trees

Parking

  • Gravel Driveway

Home Design

  • Duplex

Interior Spaces

  • 2 Full Bathrooms
  • Fireplace

Flooring

  • Wood
  • Tile

Listing and Financial Details

  • Tenant pays for all utilities
  • Rent includes exterior maintenance, garbage pick-up
  • Assessor Parcel Number 9639-83-2596-00000
  • Tax Block 0006

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ratio Close Price By List Price: 0.96429
  • Ratio Close Price By Original Li: 0.96429
  • Ratio Current Price By Acre: 3375000.00
  • Ratio Current Price By Sq Ft: 246.58
  • Year Built: 1926
  • Property Features: Cable Available, Dishwasher, Disposal, Fireplace, Porch/Patio, Range/Oven, Refrigerator
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Basement Outside Entrance
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Gas, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Laundry Location: Basement
  • Sq Ft Basement: 1689
  • Total Sq Ft: 2190

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: On-Street Parking

Utilities

  • Heating: Ductless/Mini-Split System, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Asheville City
  • Middle School: Asheville
  • High School: Asheville

Lot Info

  • Lot Features: Hilly, Level, Sloping, Trees, Wooded
  • Lot Size Area: 0.160
  • Parcel Number: 9639-83-2596-00000
  • Plat Book Slide: 0010
  • Zoning Specification: Resident

Rental Info

  • Rent Includes: Exterior Maintenance, Garbage Pick-up
  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 215300.00
  • Tax Block: 0006
  • Tax Location: Buncombe

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2019
Closed on
Apr 29, 2019
Sold by
Daniel Mermin Revocable Trust
Bought by
Carchman Rebecca
Seller's Agent
Vanessa Byrd
Mosaic Community Lifestyle Realty
Buyer's Agent
Amy Giles
Town and Mountain Realty
List Price
$560,000
Sold Price
$540,000
Premium/Discount to List
-$20,000
-3.57%
Current Estimated Value
$849,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,533
Avg. Annual Appreciation
6.70%
Original Mortgage
$340,000
Outstanding Balance
$300,137
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$517,254

Purchase Details

Closed on
Aug 3, 2015
Sold by
Mermin Daniel and Citron Stephanie
Bought by
Mermin Daniel and Citron Stephanie

Purchase Details

Closed on
Mar 27, 2007
Sold by
Vanzee George M and Vanzee Van Zee
Bought by
Mermin Daniel and Citron Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,100
Interest Rate
6.25%
Mortgage Type
Unknown
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
Carchman Rebecca $540,000 None Available
Mermin Daniel -- None Available
Mermin Daniel $314,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carchman Rebecca $340,000
Previous Owner Citron Stephanie $214,000
Previous Owner Mermin Daniel $251,100
Previous Owner Vanzee George M $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2019 04/29/19 Sold $540,000 -3.6% $247 / Sq Ft
03/21/2019 03/21/19 Pending -- -- --
03/13/2019 03/13/19 For Sale $560,000 -- $256 / 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
2024 $4,691 $452,000 $103,400 $348,600
2023 $4,691 $452,000 $103,400 $348,600
2022 $4,507 $452,000 $103,400 $348,600
2021 $4,507 $452,000 $0 $0
2020 $4,436 $411,500 $0 $0
2019 $2,321 $215,300 $0 $0
2018 $2,321 $215,300 $0 $0
2017 $2,342 $190,500 $0 $0
2016 $2,341 $190,500 $0 $0
2015 $2,341 $190,500 $0 $0
2014 $2,736 $225,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3480890

Canopy MLS (Canopy Realtor® Association)

APN: 9639-83-2596-00000