NOT LISTED FOR SALE

58 Olde Covington Way Arden, NC 28704

Estimated Value: $351,000 - $425,000

2 Beds
2 Baths
1,489 Sq Ft
$130/mo HOA Fee

Last Sold August 29, 2016

Last sale price $195,000 $131 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $2,419/month

49 Days on Market

Highlights

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

About This Home

As of August 2016

Beautifully updated townhome in the convenient & established Covington Crossing community in Arden! This picture perfect corner-lot townhome boasts 2 spacious bedrooms, 2 baths, laminate hardwood floors, gracious 10' ceilings, natural gas fireplace, & a spacious eat-in kitchen with breakfast bar. Enjoy one-level living with a large double garage, sunny outdoor patio with green space & the ability to rent out for investment purposes (one of the few remaining rental units available!).

Last Agent to Sell the Property

Cain Cox

Premier Sotheby’s International Realty License #228925 Listed on: 05/13/2016

Premier Sotheby’s International Realty

Co-Listed By

Jennifer Farley

Premier Sotheby’s International Realty License #228398

Last Buyer's Agent

Tina Garrett

Asheville Realty Group License #151528

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2002

Lot Details

  • 0.26

HOA Fees

  • $130 Monthly HOA Fees

Parking

  • 2

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Gas Log Fireplace
  • Breakfast Bar

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Additional Features

  • Level Lot
  • Heating System Uses Natural Gas

Community Details

  • Baldwin Real Estate Association, Phone Number (828) 649-3400

Listing and Financial Details

  • Assessor Parcel Number 9653-87-0792-00000
  • Tax Block Phase 2

Property Details

Home Type

Condominium

Year Built

Built in 2002

Lot Details

0

HOA Fees

$130 per month

Parking

2

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 0.97500
  • Ratio Close Price By Original Li: 0.97500
  • Ratio Current Price By Acre: 750000.00
  • Ratio Current Price By Sq Ft: 130.96
  • Unit Floor Level: 1
  • Year Built: 2002
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Entry Level: Main
  • Equipment: Ceiling Fan(s), Disposal, Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Electric Oven
  • Fireplace Description: Gas Logs, Living Room, Natural Gas
  • Fireplace: Yes
  • Flooring: Laminate Tile, Vinyl, Carpet
  • H O A Management Phone: 828-649-3400
  • Interior Amenities: Breakfast Bar, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 1
  • Main Level Sq Ft: 1489
  • Total Sq Ft: 1489

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Asphalt
  • Parking: Garage - 2 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Natural Gas
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee: 130.00
  • Association Fee Frequency: Monthly
  • Complex Name: Covington Crossing
  • HOA Management Company: Baldwin Real Estate
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Land Included Yn: Yes
  • Lot Features: Corner Lot, Level, Paved Frontage
  • Lot Size Area: 0.260
  • Parcel Number: 9653-87-0792-00000
  • Plat Book Slide: 82/25
  • Zoning: Residential
  • Zoning Specification: R-2

Tax Info

  • Tax Value: 151200.00
  • Tax Amount Ncm: 1050.84
  • Tax Block: Phase 2
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2016
Closed on
Aug 29, 2016
Sold by
Matthews John R
Bought by
Crawley Linette
Seller's Agent
Cain Cox
Premier Sotheby’s International Realty
Buyer's Agent
Tina Garrett
Asheville Realty Group
List Price
$200,000
Sold Price
$195,000
Premium/Discount to List
-$5,000
-2.5%
Total Days on Market
49
Current Estimated Value
$384,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,594
Avg. Annual Appreciation
8.05%
Original Mortgage
$185,250
Outstanding Balance
$149,916
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$234,678

Purchase Details

Closed on
Jun 27, 2007
Sold by
Maybin Tami
Bought by
Matthews John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 28, 2002
Sold by
Covington Crossing Llc
Bought by
Maybin Tami

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.86%
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
Crawley Linette $195,000 None Available
Matthews John R $175,000 None Available
Maybin Tami $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crawley Linette $185,250
Previous Owner Matthews John R $140,725
Previous Owner Matthews John R $140,000
Previous Owner Matthews John R $35,000
Previous Owner Maybin Tami $95,500
Previous Owner Maybin Tami $23,250
Previous Owner Maybin Tami $92,000
Closed Maybin Tami $17,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2016 08/29/16 Sold $195,000 -2.5% $131 / Sq Ft
07/01/2016 07/01/16 Pending -- -- --
05/13/2016 05/13/16 For Sale $200,000 -- $134 / 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 $1,565 $254,300 $36,900 $217,400
2022 $1,490 $254,300 $0 $0
2021 $1,490 $254,300 $0 $0
2020 $1,265 $200,800 $0 $0
2019 $1,265 $200,800 $0 $0
2018 $1,265 $200,800 $0 $0
2017 $1,265 $151,200 $0 $0
2016 $1,051 $151,200 $0 $0
2015 $1,051 $151,200 $0 $0
2014 $1,051 $151,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3176019

Canopy MLS (Canopy Realtor® Association)

APN: 9653-87-0792-00000