NOT LISTED FOR SALE

56 Olde Covington Way Arden, NC 28704

Estimated Value: $347,000 - $412,000

2 Beds
2 Baths
1,235 Sq Ft
9,583 Sq Ft Lot

Last Sold April 24, 2014

Last sale price $162,000 $131 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $2,151/month

17 Days on Market

Highlights

  • Walk-In Closet
  • Level Lot
  • Gas Log Fireplace
  • Glen Arden Elementary School Rated A-
  • Vinyl Flooring

About This Home

As of April 2014

One level, maintenance free living in great South Asheville location! Recently replaced carpet & fresh paint make this home truly move in ready. 10 ft. ceiling in the family room, large master bedroom, bright & airy eat in kitchen, two car garage, patio, meticulously maintained interior, & much more. Don't miss this beautiful home!

Last Agent to Sell the Property

Jamie Turner

Allen Tate/Beverly-Hanks Asheville-Biltmore Park License #237967 Listed on: 02/27/2014

Allen Tate/Beverly-Hanks Asheville-Biltmore Park

Last Buyer's Agent

Dianne Rule

Allen Tate/Beverly-Hanks Asheville-Downtown License #257130

Allen Tate/Beverly-Hanks Asheville-Downtown

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,434

Year Built

  • Built in 2002

Lot Details

  • 9,583

Parking

  • 2

Home Design

  • Slab Foundation
  • Vinyl Siding

Flooring

  • Parquet
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Additional Features

  • Gas Log Fireplace
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9653-77-9783-00000

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,434

Year Built

Built in 2002

Lot Details

0

Parking

2

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 0.92571
  • Ratio Close Price By Original Li: 0.92571
  • Ratio Current Price By Acre: 736363.64
  • Ratio Current Price By Sq Ft: 131.17
  • Year Built: 2002
  • Special Features: Auction
  • Stories: 1

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Equipment: Ceiling Fan(s), Disposal, Dishwasher, Electric Range, Microwave, Refrigerator, Washer Connection, Electric Oven
  • Fireplace Description: Gas Logs
  • Fireplace: Yes
  • Flooring: Parquet, Vinyl, Carpet
  • Interior Amenities: Cable Available, Vaulted Ceiling, Walk-In Closet(s)
  • Room Count: 2
  • Main Level Sq Ft: 1235
  • Total Sq Ft: 1235

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 2 Car

Utilities

  • Heating: Central Air, Electric Hot Air, Gas Hot Air Furnace
  • Sewer: City Sewer

Condo/Co-op/Association

  • Association Fee: 125.00

Schools

  • Elementary School: Glen Arden/Koontz
  • Middle School: Cane Creek
  • High School: T.C. Roberson

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.220
  • Parcel Number: 9653-77-9783-00000
  • Plat Reference Section Pages: 4902
  • Zoning Specification: RES

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2014
Closed on
Apr 24, 2014
Sold by
Matthews Josie M
Bought by
Mineo Joanne
Seller's Agent
Jamie Turner
Allen Tate/Beverly-Hanks Asheville-Biltmore Park
Buyer's Agent
Dianne Rule
Allen Tate/Beverly-Hanks Asheville-Downtown
List Price
$175,000
Sold Price
$162,000
Premium/Discount to List
-$13,000
-7.43%
Total Days on Market
17
Current Estimated Value
$382,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,650
Avg. Annual Appreciation
7.88%
Original Mortgage
$121,500
Outstanding Balance
$89,807
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$286,620

Purchase Details

Closed on
Jul 27, 2006
Sold by
Matthews Edwin K and Matthews Tina
Bought by
Mccabe Leo Michael and Treyz Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.74%
Mortgage Type
Unknown
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 Buyer Sale Price Title Company
Mineo Joanne $162,000 None Available
Mccabe Leo Michael $144,500 Browning Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mineo Joanne $121,500
Previous Owner Mccabe Leo Michael $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2014 04/24/14 Sold $162,000 -7.4% $131 / Sq Ft
03/16/2014 03/16/14 Pending -- -- --
02/27/2014 02/27/14 For Sale $175,000 -- $142 / 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 $1,434 $233,000 $36,000 $197,000
2022 $1,365 $233,000 $0 $0
2021 $1,365 $233,000 $0 $0
2020 $1,169 $185,500 $0 $0
2019 $1,169 $185,500 $0 $0
2018 $1,169 $185,500 $0 $0
2017 $0 $150,200 $0 $0
2016 $1,044 $150,200 $0 $0
2015 -- $150,200 $0 $0
2014 $1,044 $150,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM556141

Canopy MLS (Canopy Realtor® Association)

APN: 9653-77-9783-00000