NOT LISTED FOR SALE

702 Olde Covington Way Unit G702 Arden, NC 28704

Estimated Value: $251,888 - $268,000

2 Beds
2 Baths
1,167 Sq Ft
$156/mo HOA Fee

Last Sold December 01, 2020

Last sale price $158,500 $136 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,698/month

17 Days on Market

Highlights

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

About This Home

As of December 2020

Spacious first-floor unit available for immediate purchase in Covington Crossing. This unit has unique views of a wooded natural area and stream from a covered back patio, a split bedroom floor plan, a large living room with gas fireplace, a master bedroom with walk-in closet and patio access, and a convenient location close to shopping, dining, coffee, and more. One dog under 30 pounds and two cats allowed. Two parking spaces are conveniently located just outside your door. Dues include all exterior building maintenance and landscaping. 12-month rentals allowed. See HOA Welcome Packet for details.

Last Agent to Sell the Property

Scott McKenzie

Carolina Mountain Sales License #271578 Listed on: 10/30/2020

Carolina Mountain Sales

Last Buyer's Agent

Randall Blankenship

Corcoran HM Properties License #274461

Corcoran HM Properties

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2002

HOA Fees

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Gas Log Fireplace

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Utilities

  • Cable TV Available

Community Details

  • Baldwin Real Estate Association

Listing and Financial Details

  • Assessor Parcel Number 9653-77-8695-CG702

Property Details

Home Type

Condominium

Year Built

Built in 2002

Lot Details

0

HOA Fees

$156 per month

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 1 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.96061
  • Ratio Close Price By Original Li: 0.96061
  • Ratio Current Price By Sq Ft: 135.82
  • 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: Dishwasher, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
  • Fireplace Description: Gas Logs, Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Laminate Wood, Vinyl
  • Interior Amenities: Cable Available, Open Floorplan, Pantry, Split BR Plan, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1167
  • Total Sq Ft: 1167

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Parking Space - 2

Utilities

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

Condo/Co-op/Association

  • Association Fee: 146.00
  • Association Fee Frequency: Monthly
  • Complex Name: Covington Crossing
  • HOA Management Company: Baldwin Real Estate
  • Hoa Subject To Dues: Mandatory
  • Association #2 Fee: 120.00
  • Association #2 Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 9653-77-8695-CG702
  • Plat Book Slide: 86/70
  • Zoning Specification: R-2

Tax Info

  • Tax Value: 133000.00
  • Tax Location: Skyland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2020
Closed on
Nov 28, 2020
Sold by
Fey Aubrey M Le
Bought by
Mckinley David Scot and Mckinley Shelia
Seller's Agent
Scott McKenzie
Carolina Mountain Sales
Buyer's Agent
Randall Blankenship
Corcoran HM Properties
List Price
$165,000
Sold Price
$158,500
Premium/Discount to List
-$6,500
-3.94%
Total Days on Market
17
Current Estimated Value
$260,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,222
Avg. Annual Appreciation
11.46%

Purchase Details

Listed on
Aug 18, 2016
Closed on
Sep 12, 2016
Sold by
Roberts Glenn C and Roberts Denise K
Bought by
Le Fey Aubrey M
Seller's Agent
Brad Puffer
Keller Williams Professionals
Buyer's Agent
Sara Duque
Allen Tate/Beverly-Hanks Asheville-Biltmore Park
List Price
$129,900
Sold Price
$131,900
Premium/Discount to List
$2,000
1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%

Purchase Details

Listed on
Jun 16, 2014
Closed on
Sep 11, 2014
Sold by
Norman Frances K
Bought by
Roberts Glenn C and Roberts Denise K
Seller's Agent
Terri Eisenhauer
RE/MAX Results
Buyer's Agent
Wendy Puffer
Keller Williams Professionals
List Price
$116,000
Sold Price
$110,000
Premium/Discount to List
-$6,000
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.55%

Purchase Details

Closed on
Oct 12, 2009
Sold by
Gillis Robert and Gillis Hilda
Bought by
Norman Frances K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2007
Sold by
Peele Katharine M and Peele David
Bought by
Gillis Robert and Gillis Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2003
Sold by
Kasey Properties Llc
Bought by
Ray Katherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,710
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
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
Mckinley David Scot $158,500 None Available
Le Fey Aubrey M $132,000 None Available
Roberts Glenn C $110,000 None Available
Norman Frances K $115,000 None Available
Gillis Robert $120,000 None Available
Ray Katherine M $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fey Aubrey Le $104,500
Previous Owner Norman Frances K $112,000
Previous Owner Gillis Robert $96,000
Previous Owner Ray Katherine M $82,710
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2020 12/01/20 Sold $158,500 -3.9% $136 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
11/13/2020 11/13/20 For Sale $165,000 0.0% $141 / Sq Ft
11/04/2020 11/04/20 Pending -- -- --
10/30/2020 10/30/20 For Sale $165,000 +25.1% $141 / Sq Ft
09/12/2016 09/12/16 Sold $131,900 +1.5% $113 / Sq Ft
08/22/2016 08/22/16 Pending -- -- --
08/18/2016 08/18/16 For Sale $129,900 +18.1% $111 / Sq Ft
09/15/2014 09/15/14 Sold $110,000 -5.2% $95 / Sq Ft
09/11/2014 09/11/14 Pending -- -- --
06/16/2014 06/16/14 For Sale $116,000 -- $100 / 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 $951 $154,500 $0 $154,500
2022 $905 $154,500 $0 $0
2021 $905 $154,500 $0 $0
2020 $419 $133,000 $0 $0
2019 $419 $133,000 $0 $0
2018 $1,257 $133,000 $0 $0
2017 $838 $114,600 $0 $0
2016 $796 $0 $0 $0
2015 $796 $114,600 $0 $0
2014 $796 $114,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3667482

Canopy MLS (Canopy Realtor® Association)

APN: 9653-77-8695-CG702