NOT LISTED FOR SALE
2 Beds
1 Bath
14,310 Sq Ft
2.64 Acre Lot

Sale Details

Date Sold: February 11, 2019

Last sale price $1,600,000 $112 Per Sq Ft

49 Days on Market

About This Home

As of February 2019

Heated area is approximate gross exterior, taken from county tax card. Four quadplex buildings on ±2.6 acres. Each 2-story / 4 units per building. 2 bed & 1 bath units. Ample parking. Tremendous upside opportunity. Existing monthly rents average only $817, approximately 25% below market. All leases are month-to-month by design, providing buyer with opportunity to unlock upside potential immediately. Call listing office to schedule showings. 24-hour notice required. LA to accompany.

Last Agent to Sell the Property

Jeremy Goldstein

G/M Property Group License #175675 Listed on: 11/14/2018

Co-Listed By

John Menkes

G/M Property Group License #194446

Last Buyer's Agent

John Menkes

G/M Property Group License #194446

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 2.64

Home Design

  • A-Frame Home
  • Slab Foundation

Additional Features

  • 1 Full Bathroom
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for cable, electric heat, electricity
  • Rent includes exterior maintenance, garbage pick-up, sewer, snow removal, water
  • Assessor Parcel Number 9750-68-3475-00000

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

2.64 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Apartments
  • Architectural Style: A-Frame
  • Ratio Close Price By List Price: 0.86533
  • Ratio Close Price By Original Li: 0.86533
  • Ratio Current Price By Acre: 604686.32
  • Ratio Current Price By Sq Ft: 111.81
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Equipment: Cooktop Electric
  • Laundry Location: Common Facility, Utility Room
  • Total Sq Ft: 14310

Exterior Features

  • Construction Type: Site Built

Garage/Parking

  • Parking: Carport - 4+ Car, Lot

Utilities

  • Heating: Electric Baseboard Heat, Radiant Heat
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Lot Info

  • Parcel Number: 9750-68-3475-00000
  • Zoning Specification: BDM

Rental Info

  • Rent Includes: Exterior Maintenance, Garbage Pick-up, Sewer, Snow Removal, Water
  • Tenant Pays: Cable, Electric Heat, Electricity

Tax Info

  • Tax Value: 996200.00
  • Tax Location: Buncombe

Multi Family

  • Number Of Units Total: 16

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2018
Closed on
Feb 8, 2019
Sold by
930 Eaton Llc
Bought by
Seller's Agent
Jeremy Goldstein
G/M Property Group
Buyer's Agent
John Menkes
G/M Property Group
List Price
$1,849,000
Sold Price
$1,600,000
Premium/Discount to List
-$249,000
-13.47%

Purchase Details

Closed on
Oct 15, 2008
Sold by
Hawkins Renea Swilling Alexander and Hawkins Bruce
Bought by
930 Eaton Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.34%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,600,000 None Available
930 Eaton Llc $900,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $50,000
Previous Owner 930 Eaton Llc $660,000
Previous Owner 930 Eaton Llc $750,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/11/2019 02/11/19 Sold $1,600,000 -13.5% $112 / Sq Ft
01/02/2019 01/02/19 Pending -- -- --
11/14/2018 11/14/18 For Sale $1,849,000 -- $129 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 -- $1,348,000 $95,600 $1,252,400
2024 -- $1,348,000 $95,600 $1,252,400
2023 $10,176 $1,348,000 $95,600 $1,252,400
2022 $10,041 $1,348,000 $0 $0
2021 $10,041 $1,348,000 $0 $0
2020 $7,960 $996,200 $0 $0
2019 $7,960 $996,200 $0 $0
2018 $7,960 $996,200 $0 $0
2017 $8,059 $800,300 $0 $0
2016 $7,075 $800,300 $0 $0
2015 $7,075 $800,300 $0 $0
2014 $7,075 $800,300 $0 $0
Source: Public Records

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Map

Source: Canopy MLS

MLS Number: CAR3452486

Canopy MLS
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