NOT LISTED FOR SALE

601 Olde Covington Way Unit 601 Arden, NC 28704

Estimated Value: $273,887 - $279,000

3 Beds
2.5 Baths
1,264 Sq Ft
2002 Built

Last Sold December 15, 2015

Last sale price $134,500 $106 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $1,545/month

126 Days on Market

Highlights

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

About This Home

As of December 2015

Great 2-story condo in Covington Crossing, a convenient south Buncombe location. Located in the cul-da-sac, with an attached garage. Large master bedroom with lots of closets, 2nd bedroom has walk-in closet, and 3rd bedroom has a lot of closet space as well. Living room and kitchen are very open to each other. Currently tenant occupied. They have been there for 5-years and are willing to stay but could also go. Asking only $135,000.

Last Agent to Sell the Property

Joe Chandler

1 Source Realty License #193273 Listed on: 06/08/2015

Last Buyer's Agent

Stephanie Moreland

Keller Williams Professionals License #279781

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,031

Year Built

  • Built in 2002

Parking

  • 1

Home Design

  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Fireplace
  • Vinyl Flooring

Bedrooms and Bathrooms

  • Walk-In Closet

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9653-77-8695-CF601

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,031

Year Built

Built in 2002

Lot Details

0

Parking

1

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 2 Story
  • Ratio Close Price By List Price: 0.99630
  • Ratio Close Price By Original Li: 0.99630
  • Ratio Current Price By Sq Ft: 106.41
  • Year Built: 2002
  • Special Features: None
  • Stories: 2

Interior Features

  • Upper Level Sq Ft: 714
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Disposal, Dishwasher, Electric Range, Smoke Detector, Washer Connection, Electric Oven
  • Fireplace Description: Gas Unvented
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Cable Available, Open Floorplan, Split BR Plan, Walk-In Closet(s)
  • Room Count: 4
  • Main Level Sq Ft: 550
  • Total Sq Ft: 1264

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Garage - 1 Car

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer

Condo/Co-op/Association

  • Association Fee: 142.00

Schools

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

Lot Info

  • Lot Features: Cul-de-sac Lot, Level
  • Parcel Number: 9653-77-8695-CF601
  • Plat Reference Section Pages: 4226
  • Zoning Specification: R-2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2015
Closed on
Dec 15, 2015
Sold by
Suess Sharon Lisa Emily
Bought by
Burgess Thelma Elizabeth
Seller's Agent
Joe Chandler
1 Source Realty
Buyer's Agent
Stephanie Moreland
Keller Williams Professionals
List Price
$135,000
Sold Price
$134,500
Premium/Discount to List
-$500
-0.37%
Total Days on Market
126
Current Estimated Value
$275,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,722
Avg. Annual Appreciation
7.58%
Original Mortgage
$135,700
Outstanding Balance
$108,656
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$166,566

Purchase Details

Closed on
May 19, 2006
Sold by
Mccave Ford Rhonda B and Ford Michael
Bought by
Suess Sharon Lisa Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,900
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 6, 2003
Sold by
Covington Crossing Llc
Bought by
Mccave Rhonda B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,275
Interest Rate
5.95%
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
Burgess Thelma Elizabeth $134,500 None Available
Suess Sharon Lisa Emily $130,000 None Available
Mccave Rhonda B $104,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burgess Thelma Elizabeth $135,700
Previous Owner Suess Sharon Lisa Emily $129,900
Previous Owner Mccave Rhonda B $99,275
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2015 12/15/15 Sold $134,500 -0.4% $106 / Sq Ft
10/12/2015 10/12/15 Pending -- -- --
06/08/2015 06/08/15 For Sale $135,000 -- $107 / 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
2025 $1,031 $167,500 -- $167,500
2024 $1,031 $167,500 -- $167,500
2023 $1,031 $167,500 $0 $167,500
2022 $982 $167,500 $0 $0
2021 $982 $167,500 $0 $0
2020 $844 $134,000 $0 $0
2019 $844 $134,000 $0 $0
2018 $844 $134,000 $0 $0
2017 $844 $120,300 $0 $0
2016 $836 $0 $0 $0
2015 $836 $120,300 $0 $0
2014 $836 $120,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM586538

Canopy MLS (Canopy Realtor® Association)

APN: 9653-77-8695-CF601