NOT LISTED FOR SALE

8 Ludgate Ln Arden, NC 28704

Estimated Value: $1,153,000 - $1,237,000

4 Beds
4.5 Baths
4,902 Sq Ft
$242/Sq Ft Est. Value

Last Sold October 12, 2022

Last sale price $935,000 $191 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,709/month

41 Days on Market

Highlights

  • Spa
  • Waterfall on Lot
  • Wood Flooring
  • Glen Arden Elementary School Rated A-
  • Wooded Lot
  • Corner Lot

About This Home

As of October 2022

Extraordinary property located in the perfect location close to Asheville in the popular Cotswolds neighborhood. This grand home is waiting for you. The most tranquil backyard with your very own custom stone waterfall and Koi pond. Relax by the hot tub as you enjoy the patio and sitting area. Beautiful newly refinished hardwood floors, new stainless appliances and granite countertops and so much more. You will love the large master suite with sitting area and office as well as oversized closet. 3 additional bedrooms upstairs and 2 full bathrooms make this level perfect. Huge media room and office in the basement with bonus room and full bathroom. You won’t believe the space in this home! Close to shopping and restaurants, you will love this location!

Last Agent to Sell the Property

Caroline Kalpinski

Premier Sotheby’s International Realty License #278684 Listed on: 09/01/2022

Premier Sotheby’s International Realty

Last Buyer's Agent

Tad Dixon

Engel & Völkers Asheville License #233810

Engel & Völkers Asheville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,595

Year Built

  • Built in 2002

Lot Details

  • Front Green Space
  • Corner Lot
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Zoning described as R-3

HOA Fees

  • $29 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Built-In Features
  • Living Room with Fireplace

Kitchen

  • Breakfast Bar
  • Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Parking

  • Attached Garage
  • 1 to 5 Parking Spaces

Outdoor Features

  • Spa
  • Patio
  • Waterfall on Lot

Schools

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

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Septic Tank

Community Details

  • The Cotswolds Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 9664-32-7690-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,595

Year Built

Built in 2002

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2002
  • Ratio Current Price By Acre: 1183544.30
  • Restrictions: Other - See Media/Remarks
  • Road Surface Type: Asphalt
  • Structure Type: Two Story/Basement
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 190.74
  • Special Features: None

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Outside Entrance
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Other, Breakfast Bar, Built Ins, Hot Tub, Kitchen Island, Pantry, Split Bedroom, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1534
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 226
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 226
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 2083
  • Porch: Patio
  • Appliances: Dishwasher, Gas Range, Microwave, Oven, Refrigerator
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1285
  • Fireplace Features: Gas Log, Living Room
  • Living Area: 4902
  • Half Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Full Bathrooms: 1

Exterior Features

  • Exterior Features: Hot Tub, Other
  • New Construction: No
  • Roof: Shingle
  • Construction Status: Complete
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 868
  • Parking Features: Attached Garage, Garage - 3 Car, Parking Space - 4+

Utilities

  • Heating: Central, Natural Gas
  • Sewer: Septic Installed
  • Water Heater: Natural Gas
  • Laundry Features: Upper Level, Laundry Room
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 350
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Cane Creek
  • HOA Subject To: Required
  • CAR_YearlyHOAExpense: 350.00

Lot Info

  • Lot Features: Waterfall, Corner Lot, Green Area, Mountain View, Pond(s), Rolling Slope, Wooded, See Remarks
  • Lot Size Area: 0.79
  • Lot Size Units: Acres
  • Parcel Number: 9664-32-7690-00000
  • Zoning Description: R-3
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.41467

Multi Family

  • Unit Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2022
Closed on
Oct 10, 2022
Sold by
Cormas James William and Cormas Marjorie Lynn
Bought by
Dubois Erin and Dubois David
Seller's Agent
Caroline Kalpinski
Premier Sotheby’s International Realty
Buyer's Agent
Tad Dixon
Engel & Völkers Asheville
List Price
$945,000
Sold Price
$935,000
Premium/Discount to List
-$10,000
-1.06%
Views
8
Current Estimated Value
$1,187,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,583
Avg. Annual Appreciation
8.36%
Original Mortgage
$645,000
Outstanding Balance
$618,999
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$568,584

Purchase Details

Closed on
Dec 13, 2013
Sold by
Cormas James and Cormas Marjorie Lynn
Bought by
Cormas James William and Cormas Marjorie Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,159
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2013
Sold by
Tolley Matthew and Currie Jennifer B
Bought by
Cormas James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,159
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2004
Sold by
Currie Jennifer B
Bought by
Currie Jennifer B and Tolley Matthew

Purchase Details

Closed on
Sep 16, 2004
Sold by
Currie William T
Bought by
Currie Jennifer B

Purchase Details

Closed on
Feb 24, 2003
Sold by
J S Miller Construction Co Inc
Bought by
Currie William T and Currie Jennifer B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,600
Interest Rate
3.5%

Purchase Details

Closed on
Dec 14, 2001
Sold by
The Cotswolds Development Company Inc
Bought by
J S Miller Construction Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,500
Interest Rate
6%
Source: Public Records

Range of Values:

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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
Dubois Erin $935,000 --
Cormas James William -- None Available
Cormas James W $387,159 None Available
Currie Jennifer B -- --
Currie Jennifer B -- --
Currie William T $557,000 --
J S Miller Construction Co Inc $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dubois Erin $645,000
Previous Owner Cormas James William $137,159
Previous Owner Currie William T $445,600
Previous Owner J S Miller Construction Co Inc $402,500
Closed Currie William T $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2022 10/12/22 Sold $935,000 -1.1% $191 / Sq Ft
09/01/2022 09/01/22 For Sale $945,000 -- $193 / 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 $4,595 $746,500 $138,500 $608,000
2024 $4,595 $746,500 $138,500 $608,000
2023 $4,595 $746,500 $138,500 $608,000
2022 $4,374 $668,000 $0 $0
2021 $3,914 $668,000 $0 $0
2020 $3,745 $594,500 $0 $0
2019 $3,745 $594,500 $0 $0
2018 $3,745 $594,500 $0 $0
2017 $3,745 $537,600 $0 $0
2016 $3,736 $537,600 $0 $0
2015 $3,736 $537,600 $0 $0
2014 $3,736 $537,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3887158

Canopy MLS (Canopy Realtor® Association)

APN: 9664-32-7690-00000