NOT LISTED FOR SALE

60 Smokey Ridge Trail Unit 198 Arden, NC 28704

Walnut Cove Neighborhood

Estimated Value: $4,066,924 - $4,378,000

1.3 Acres
$3,270,493 Price per Acre
56,628 Sq Ft Lot

Last Sold March 12, 2012

Last sale price $250,000

Est. 1,601% increase in value since last sale

Current estimated payment $24,594/month

1 Day on Market

Highlights

  • Golf Course Community
  • Gated Community
  • Many Trees
  • T.C. Roberson High School Rated A
  • Front Green Space
  • Level Lot

About This Lot

As of March 2012

ENJOY THE ATTRACTIVE COMBINATION OF SOUTHERLY EXPOSURE, VIEWS OF THE BLUE RIDGE PARKWAY AND THE PRIVACY AND CONVENIENCE OF THE CLIFFS AT WALNUT COVE. ALL AT A FRACTION OF THE ORIGINAL PURCHASE PRICE. SMOKEY RIDGE TRAIL HAS EVOLVED AS ONE OF THE MORE POPULAR AREAS WITHIN WALNUT COVE TO BUILD A HOME. IN ADDITION TO THE GREAT NEIGHBORHOOD FEEL YOU GET WITH THIS PROPERTY YOU ARE VERY NEAR THE PISGAH NATIONAL FOREST. REO. SPEC WARRANTY DEED.-

Last Agent to Sell the Property

Kyle Olinger

Walnut Cove Realty/Allen Tate/Beverly-Hanks License #193234 Listed on: 02/15/2012

Last Buyer's Agent

Lee Swing

Walnut Cove Realty/Allen Tate/Beverly-Hanks License #168189

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,359

Lot Details

  • Front Green Space
  • Level Lot
  • Many Trees

Listing and Financial Details

  • Assessor Parcel Number 9624-33-1499-00000

Community Details

Recreation

  • Golf Course Community

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$13,359

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Ratio Close Price By List Price: 0.84746
  • Ratio Close Price By Original Li: 0.84746
  • Ratio Current Price By Acre: 192307.69
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer: Septic Tank
  • Water: City Water

Condo/Co-op/Association

  • Community Features: Gated Community, Golf Course
  • Association Fee: 1390.00

Schools

  • Elementary School: Avery's Creek/Koontz
  • Middle School: Valley Springs
  • High School: T.C. Roberson

Lot Info

  • Lot Features: Green Area, Level, Mountain View, Trees
  • Lot Size Area: 1.300
  • Parcel Number: 9624-33-1499-00000
  • Zoning Specification: R-2
  • Plat Reference Section Pages: 4936

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2025
Sold by
Sethi Ranjit Kaur
Bought by
Ranjit K Sethi Living Trust and Sethi
Current Estimated Value
$4,251,641

Purchase Details

Closed on
Jul 15, 2019
Sold by
Putamen Llc
Bought by
Sethi Kapil and Sethi Ranjit K

Purchase Details

Listed on
Feb 15, 2012
Closed on
Mar 8, 2012
Sold by
Wells Fargo Bank Na
Bought by
Putamen Llc
Seller's Agent
Kyle Olinger
Walnut Cove Realty/Allen Tate/Beverly-Hanks
Buyer's Agent
Lee Swing
Walnut Cove Realty/Allen Tate/Beverly-Hanks
List Price
$295,000
Sold Price
$250,000
Premium/Discount to List
-$45,000
-15.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.67%

Purchase Details

Closed on
Nov 30, 2011
Sold by
Bobo A Russell and Bobo Timara
Bought by
Wells Fargo Bank N A

Purchase Details

Closed on
Jul 1, 2005
Sold by
The Cliffs At Walnut Cove Llc
Bought by
Bobo A Russell and Bobo Timara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$803,949
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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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
Ranjit K Sethi Living Trust -- None Listed On Document
Sethi Kapil -- None Available
Putamen Llc $250,000 None Available
Wells Fargo Bank N A $148,346 None Available
Bobo A Russell $734,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sethi Kapil D $1,500,000
Previous Owner Bobo A Russell $803,949
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2012 03/12/12 Sold $250,000 -15.3% --
02/16/2012 02/16/12 Pending -- -- --
02/15/2012 02/15/12 For Sale $295,000 -- --
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 $13,359 $2,170,100 $390,400 $1,779,700
2022 $12,717 $2,170,100 $0 $0
2021 $4,373 $746,300 $0 $0
2020 $2,031 $322,400 $0 $0
2019 $2,031 $322,400 $0 $0
2018 $3,385 $537,300 $0 $0
2017 $3,385 $197,000 $0 $0
2016 $1,369 $197,000 $0 $0
2015 $1,369 $197,000 $0 $0
2014 $1,369 $197,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kyle Olinger

    Seller's Agent in 2012

    Kyle Olinger

    Walnut Cove Realty/Allen Tate/Beverly-Hanks

    (828) 712-5953

    56 in this area

    74 Total Sales

    Kyle Olinger
    Section Image
  • Lee Swing

    Buyer's Agent in 2012

    Lee Swing

    Walnut Cove Realty/Allen Tate/Beverly-Hanks

    (828) 808-9417

    44 in this area

    62 Total Sales

    Lee Swing
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM512948

Canopy MLS (Canopy Realtor® Association)

APN: 9624-33-1499-00000

North Carolina Buncombe County Arden 28704 Walnut Cove

60 Smokey Ridge Trail Unit 198, Arden, NC

This home is located at 60 Smokey Ridge Trail Unit 198, Arden, NC 28704 since 15 February 2012 and is currently estimated at $4,251,641. 60 Smokey Ridge Trail Unit 198 is a home located in Buncombe County with nearby schools including Avery's Creek Elementary School, T.C. Roberson High School, and Koontz Intermediate School.

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