NOT LISTED FOR SALE

705 Olde Covington Way Unit G705 Arden, NC 28704

Estimated Value: $260,415 - $274,000

2 Beds
2 Baths
1,112 Sq Ft
$146/mo HOA Fee

Last Sold October 06, 2020

Last sale price $175,000 $157 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,739/month

Highlights

  • Arts and Crafts Architecture
  • Lawn
  • Many Trees
  • Glen Arden Elementary School Rated A-
  • Vinyl Plank Flooring
  • Level Lot

About This Home

As of October 2020

Renovated upper level unit in popular Covington Crossing. This units offers lots of light and features brand new flooring throughout, new paint, new cabinets, new granite counter tops, new stove, new microwave, new dishwasher and a new disposal. The large living room has a gas fireplace and the master bedroom offers a large walk-in closet. Enjoy the quiet, private setting from the back with access from either the master bedroom or the family room. This upstairs unit is quiet with no neighbors above. Two assigned parking spaces and plenty of room for quests to park while visiting. Desirable TC Roberson school district, convenient to the airport and all that south Asheville has to offer.

Last Agent to Sell the Property

David Ide

Allen Tate/Beverly-Hanks Asheville-Downtown License #307695 Listed on: 08/24/2020

Allen Tate/Beverly-Hanks Asheville-Downtown

Last Buyer's Agent

Angie Poole-Stone

Allen Tate/Beverly-Hanks Asheville-Biltmore Park License #201866

Allen Tate/Beverly-Hanks Asheville-Biltmore Park

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2002

Lot Details

  • Many Trees
  • Lawn

HOA Fees

  • $146 Monthly HOA Fees

Home Design

  • Arts and Crafts Architecture
  • Slab Foundation
  • Vinyl Siding

Additional Features

  • Vinyl Plank Flooring
  • 2 Full Bathrooms
  • Cable TV Available

Community Details

  • Baldwin Real Estate Association, Phone Number (828) 684-3400

Listing and Financial Details

  • Assessor Parcel Number 9653-77-8695-CG705

Property Details

Home Type

Condominium

Year Built

Built in 2002

Lot Details

0

HOA Fees

$146 per month

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 1 Story
  • Architectural Style: Arts and Crafts
  • Ratio Close Price By List Price: 1.02941
  • Ratio Close Price By Original Li: 1.02941
  • Ratio Current Price By Sq Ft: 157.37
  • Unit Floor Level: 2
  • 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: Upper
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Electric, Disposal, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace Description: FAMILYRM, Gas Unvented, Natural Gas
  • Flooring: Vinyl Plank
  • H O A Management Phone: 828-684-3400
  • Interior Amenities: Cable Available, Pantry
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1112
  • Total Sq Ft: 1112

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Lawn Maintenance

Garage/Parking

  • Driveway: Asphalt
  • Parking: Parking Space - 2

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

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

Schools

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

Lot Info

  • Lot Features: Level, Trees
  • Parcel Number: 9653-77-8695-CG705
  • Zoning Specification: R-2

Tax Info

  • Tax Value: 129100.00
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Oct 5, 2020
Sold by
Justus Stephanie and Sanford Stephanie
Bought by
Smith Carrie
Seller's Agent
David Ide
Allen Tate/Beverly-Hanks Asheville-Downtown
Buyer's Agent
Angie Poole-Stone
Allen Tate/Beverly-Hanks Asheville-Biltmore Park
List Price
$170,000
Sold Price
$175,000
Premium/Discount to List
$5,000
2.94%
Total Days on Market
0
Current Estimated Value
$267,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,104
Avg. Annual Appreciation
9.43%
Original Mortgage
$166,250
Outstanding Balance
$150,519
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$116,007

Purchase Details

Closed on
May 12, 2010
Sold by
Morgan Landon
Bought by
Sanford Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,300
Interest Rate
5.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2003
Sold by
Kasey Properties Llc
Bought by
Morgan Landon

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
5.52%
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
Smith Carrie $175,000 None Available
Sanford Stephanie $110,000 None Available
Morgan Landon $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Carrie $166,250
Previous Owner Sanford Stephanie $111,300
Previous Owner Morgan Landon $11,900
Previous Owner Morgan Landon $82,710
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2020 10/06/20 Sold $175,000 +2.9% $157 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $170,000 -- $153 / 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 $1,131 $183,700 $0 $183,700
2022 $1,076 $183,700 $0 $0
2021 $1,076 $183,700 $0 $0
2020 $813 $129,100 $0 $0
2019 $813 $129,100 $0 $0
2018 $813 $129,100 $0 $0
2017 $813 $116,000 $0 $0
2016 $806 $0 $0 $0
2015 $806 $116,000 $0 $0
2014 $806 $116,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3655190

Canopy MLS (Canopy Realtor® Association)

APN: 9653-77-8695-CG705