NOT LISTED FOR SALE

71 Magnolia Ave Unit B Asheville, NC 28801

Montford Neighborhood

Estimated Value: $532,000 - $626,000

2 Beds
2 Baths
993 Sq Ft
$597/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $555,000 $559 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,513/month

50 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Breakfast Bar
  • Asheville High Rated A-
  • Built-In Features
  • Bungalow

About This Home

As of May 2022

*To allow for interested parties to show, offers will be reviewed after 3pm on Monday, 03/21. Response to offers will occur by Tuesday, 03/22 at 12pm.* bungalow located in the historic neighborhood of Montford – one of the most desirable locations in Asheville! Quiet no-through street, surrounded by bamboo, yet right in the heart of the city. Two levels offer spacious living, built-in shelving nooks throughout and an expansive primary suite upstairs. Enjoy your morning coffee on the sun-dappled front porch, relax with a glass of wine in the deep soaking tub that's nestled in a window-clad alcove, or entertain friends by your fire pit in the fenced backyard. Two gravel spots are in front of 71 Magnolia Ave B are currently utilized by the home owners but are not owned by them, on-street parking is available. Easy access to Reed Creek Greenway, Montford Park, and all that downtown Asheville has to offer. Preservation Society of Asheville awarded this home the Griffin Award in 2003.

Last Agent to Sell the Property

Jeff Stewart

Unique: A Real Estate Collective License #264194 Listed on: 03/16/2022

Co-Listed By

Dave Cash

Unique: A Real Estate Collective License #236508

Last Buyer's Agent

Melody Laster

EXP Realty LLC License #292662

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,267

Year Built

  • Built in 2003

Lot Details

  • Fenced
  • Level Lot
  • Property is zoned RM8, RM8

Parking

  • On-Street Parking

Home Design

  • Bungalow
  • Wood Siding
  • Cedar

Interior Spaces

  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Window Treatments
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Fire Pit

Schools

  • Asheville City Elementary School
  • Asheville Middle School
  • Asheville High School

Utilities

  • Central Heating
  • Floor Furnace
  • Heating System Uses Natural Gas

Community Details

  • Montford Subdivision

Listing and Financial Details

  • Assessor Parcel Number 964913540500000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,267

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Year Built: 2003
  • Ratio Current Price By Acre: 6937500.00
  • Restrictions: No Representation
  • Road Surface Type: Gravel
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Tile, Wood
  • Interior Amenities: Attic Other, Breakfast Bar, Built Ins, Open Floorplan, Window Treatments
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 613
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 380
  • Porch: Covered,Front
  • Appliances: Ceiling Fan(s), Dishwasher, Dryer, Gas Oven, Gas Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 993
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Fence, Fire Pit
  • New Construction: No
  • Roof: Shingle
  • Construction Status: Complete
  • Tax Location: Asheville
  • Construction Type: Site Built
  • Construction Type: Cedar, Wood Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Parking Features: On Street, Other

Utilities

  • Heating: Central, Floor Furnace, Natural Gas
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Upper Level
  • Water Source: Public

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Asheville
  • HOA Subject To: None

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.08
  • Lot Size Units: Acres
  • Parcel Number: 964913540500000
  • Plat Book Slide: 2/54
  • Zoning Description: RM8

Tax Info

  • RATIO List Price By Tax Amount: 1.18402

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Asheville City
  • High School: Asheville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2022
Closed on
May 2, 2022
Sold by
Copeland William C and Copeland Valerie A
Bought by
Bender Robert
Seller's Agent
Jeff Stewart
Unique: A Real Estate Collective
Buyer's Agent
Melody Laster
EXP Realty LLC
List Price
$489,000
Sold Price
$555,000
Premium/Discount to List
$66,000
13.5%
Current Estimated Value
$592,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,536
Avg. Annual Appreciation
2.77%
Original Mortgage
$440,000
Outstanding Balance
$415,393
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$193,042

Purchase Details

Listed on
Oct 29, 2020
Closed on
Dec 29, 2020
Sold by
Cahn Andrew and Cahn Emmye
Bought by
Copeland Valerie A and Copeland William C
Seller's Agent
Jeff Stewart
Unique: A Real Estate Collective
Buyer's Agent
Deanna Gunning
Fathom Realty
List Price
$399,900
Sold Price
$395,000
Premium/Discount to List
-$4,900
-1.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.65%
Original Mortgage
$296,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 1998
Sold by
Thompson G Thompson W and Thompson Ruth G
Bought by
Comeau Craig E
Source: Public Records

Range of Values:

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Average Value
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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
Bender Robert $1,110 Goosmann Rose Colvard & Cramer
Copeland Valerie A $395,000 None Available
Comeau Craig E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bender Robert $440,000
Previous Owner Copeland Valerie A $296,250
Previous Owner Cahn Andrew $100,000
Previous Owner Cahn Andrew J $15,000
Previous Owner Cahn Andrew J $150,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $555,000 +13.5% $559 / Sq Ft
03/16/2022 03/16/22 For Sale $489,000 +23.8% $492 / Sq Ft
12/29/2020 12/29/20 Sold $395,000 -1.2% $398 / Sq Ft
11/05/2020 11/05/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $399,900 -- $403 / 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
2024 $4,267 $413,000 $125,300 $287,700
2023 $4,267 $413,000 $125,300 $287,700
2022 $4,118 $413,000 $0 $0
2021 $4,118 $413,000 $0 $0
2020 $3,223 $299,000 $0 $0
2019 $3,223 $299,000 $0 $0
2018 $3,223 $299,000 $0 $0
2017 $3,253 $182,900 $0 $0
2016 $2,248 $182,900 $0 $0
2015 $2,248 $182,900 $0 $0
2014 $2,220 $182,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3836727

Canopy MLS (Canopy Realtor® Association)

APN: 9649-13-5405-00000