NOT LISTED FOR SALE

56 Patton Ave Unit 404 Asheville, NC 28801

Downtown Asheville Neighborhood

Estimated Value: $985,000 - $1,237,000

2 Beds
2.5 Baths
1,775 Sq Ft
7,144 Sq Ft Lot

Last Sold June 30, 2021

Last sale price $937,500 $528 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,682/month

22 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Walk-In Closet
  • Asheville High Rated A-
  • Terrace
  • 1-minute walk to Pritchard Park

About This Home

As of June 2021

56 Patton Ave #404 is a permitted vacation rental that is located above the S & W Market, which is Asheville’s original Food Hall, and will be the future home (projected to open spring 2021) to Highland Brewing, Bun Intended, The Times Bar, Buxton Chicken Palace, and more. The property features a 400 SF patio with mountain and city views.

Building is located across from Pritchard Park in the heart of downtown Asheville. Inexpensive HOA fees, elevator (requires access code), high ceilings, granite counter tops, stainless steel appliances, and wood floors. Perfect for a downtown residence or short term rental. See floor plan attached.

Last Agent to Sell the Property

James Morgan

NAI Allen Tate Beverly-Hanks Commercial License #308343 Listed on: 04/05/2021

NAI Allen Tate Beverly-Hanks Commercial

Last Buyer's Agent

Beth Boone

Boone Realty License #57030

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2013

Lot Details

  • 7,144

Interior Spaces

  • Open Floorplan
  • Wood Flooring
  • Breakfast Bar

Bedrooms and Bathrooms

  • Walk-In Closet

Outdoor Features

  • Terrace

Community Details

  • Mid-Rise Condominium

Listing and Financial Details

  • Assessor Parcel Number 9649306197C0505

Property Details

Home Type

Condominium

Year Built

Built in 2013

Lot Details

7,144 Sq Ft Lot

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: Mid-Rise
  • Ratio Close Price By List Price: 0.97150
  • Ratio Close Price By Original Li: 0.97150
  • Ratio Current Price By Sq Ft: 528.17
  • Unit Floor Level: 4
  • Year Built: 2013
  • Special Features: None

Interior Features

  • Upper Level Sq Ft: 719
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 2
  • Entry Level: Lower
  • Equipment: Dishwasher, Disposal, Dryer, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
  • Flooring: Wood
  • Interior Amenities: Breakfast Bar, Elevator, Open Floorplan, Walk-In Closet(s)
  • Laundry Location: Lower, Closet
  • Room Count: 2
  • Sq Ft Additional: 400
  • Lower Level Sq Ft: 1056
  • Total Sq Ft: 1775

Exterior Features

  • Construction Type: Site Built
  • Exterior Features: Terrace

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Complex Name: S & W Condominium
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Land Included Yn: Yes
  • Parcel Number: 9649306197C0505
  • Zoning Specification: Condo

Tax Info

  • Tax Value: 853800.00
  • Tax Location: Asheville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
Jun 30, 2021
Sold by
D & S Property Investments Llc
Bought by
Chase Jeffrey J
Seller's Agent
James Morgan
NAI Allen Tate Beverly-Hanks Commercial
Buyer's Agent
Beth Boone
Boone Realty
List Price
$965,000
Sold Price
$937,500
Premium/Discount to List
-$27,500
-2.85%
Current Estimated Value
$1,120,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,116
Avg. Annual Appreciation
3.85%
Original Mortgage
$703,125
Outstanding Balance
$637,977
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$482,639

Purchase Details

Listed on
Apr 17, 2018
Closed on
Sep 11, 2018
Sold by
Lolakat Llc
Bought by
D & S Property Investments Llc
Seller's Agent
Bobbie Baxter
Asheville Realty Group
Buyer's Agent
Ya Goodrum
Falcon Real Estate Corporation
List Price
$875,000
Sold Price
$850,000
Premium/Discount to List
-$25,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%
Original Mortgage
$680,000
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 3, 2013
Sold by
Mrk Patton Llc
Bought by
Lolokat Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 31, 2012
Sold by
First South Bank
Bought by
Mark Patton Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chase Jeffrey J $937,500 None Available
D & S Property Investments Llc $850,000 None Available
Lolokat Llc $555,000 None Available
Mark Patton Llc $1,963,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chase Jeffrey J $703,125
Previous Owner D & S Property Investments Llc $680,000
Previous Owner Lolokat Llc $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2021 06/30/21 Sold $937,500 -2.8% $528 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $965,000 +13.5% $544 / Sq Ft
09/18/2018 09/18/18 Sold $850,000 0.0% $515 / Sq Ft View Prior Sale
08/09/2018 08/09/18 Pending -- -- --
06/15/2018 06/15/18 Price Changed $850,000 -2.9% $515 / Sq Ft
05/02/2018 05/02/18 For Sale $875,000 +2.9% $531 / Sq Ft
04/30/2018 04/30/18 Off Market $850,000 -- --
04/30/2018 04/30/18 For Sale $875,000 +34.6% $531 / Sq Ft
04/17/2018 04/17/18 Pending -- -- --
04/17/2018 04/17/18 For Sale $650,000 -- $394 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $10,227 $912,500 -- $912,500
2024 $10,227 $912,500 -- $912,500
2023 $10,227 $912,500 $0 $912,500
2022 $9,099 $912,500 $0 $0
2021 $8,514 $853,800 $0 $0
2020 $8,384 $777,800 $0 $0
2019 $8,384 $777,800 $0 $0
2018 $8,384 $777,800 $0 $0
2017 $8,462 $556,700 $0 $0
2016 $6,842 $0 $0 $0
2015 $6,842 $556,700 $0 $0
2014 $6,758 $556,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Morgan

    Seller's Agent in 2021

    James Morgan

    NAI Allen Tate Beverly-Hanks Commercial

    (828) 210-3940

    2 in this area

    9 Total Sales

    James Morgan
    Section Image
  • Beth Boone

    Buyer's Agent in 2021

    Beth Boone

    Boone Realty

    (828) 231-3697

    1 in this area

    21 Total Sales

    Beth Boone
    Section Image

  • B

    Seller's Agent in 2018

    Bobbie Baxter

    Asheville Realty Group

    Section Image
  • Ya Goodrum

    Buyer's Agent in 2018

    Ya Goodrum

    Falcon Real Estate Corporation

    (828) 231-3476

    23 Total Sales

    Ya Goodrum
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3725587

Canopy MLS (Canopy Realtor® Association)

APN: 9649-30-6197-C0404

North Carolina Buncombe County Asheville 28801 Downtown Asheville

56 Patton Ave Unit 404, Asheville, NC

Not Listed for Sale

Condos

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Canopy MLS (Canopy Realtor® Association) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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