NOT LISTED FOR SALE

Estimated Value: $586,000 - $761,000

2 Beds
2 Baths
1,000 Sq Ft
$430/mo HOA Fee

Last Sold August 09, 2023

Last sale price $595,000 $595 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,195/month

68 Days on Market

Highlights

  • Rooftop Deck
  • Open Floorplan
  • Wood Flooring
  • Asheville High Rated A-
  • Contemporary Architecture
  • 3-minute walk to Pritchard Park

About This Home

As of August 2023

REMODELED DOWNTOWN CONDO in the historic Old Penney's Building Condominiums! This fabulously updated condo grants a split bedroom plan w/ 2 primary bedrooms, each w/ full bath. Open floor plan boasts 12-ft ceilings, new gas logs fireplace, & gorgeous wood flooring. Kitchen features Modern Amish cabinetry, Corian Solid surface countertops, & custom farmhouse sink. In living room, new floating shelves were constructed w/ integrated LED lighting to showcase your favorite art! Lower shelf includes a growing light ideal for plants. Spacious rooftop terrace touts absolutely glorious city & layered mountain views! Efficient HVAC system is water based using community cooling tower. Newer water heater. Storage units available for rent. Highlights include walk-in closet, pantry, view of Grove Park Inn from one bedroom, & an entire floor plan of functional, usable space! Historic status reduces property taxes! This is an amazing opportunity to reside in the core of beloved downtown Asheville!

Last Agent to Sell the Property

Matt Tavener

Keller Williams Professionals License #231978 Listed on: 05/12/2023

Keller Williams Professionals

Co-Listed By

Amy Pointer

Keller Williams Professionals License #290054

Last Buyer's Agent

Scott Ambler

Allen Tate/Beverly-Hanks Asheville-Downtown License #80431

Allen Tate/Beverly-Hanks Asheville-Downtown

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,699

Year Built

  • Built in 1925

Lot Details

  • 8,189

HOA Fees

  • $430 Monthly HOA Fees

Parking

  • Parking Garage Space

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Built-Up Roof
  • Rubber Roof

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Living Room with Fireplace
  • Wood Flooring
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Schools

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

Utilities

  • Heat Pump System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 9649-30-4764-C0403

Community Details

Overview

  • Tessier Assoc/Ruben Gonzalez Association, Phone Number (828) 398-5279
  • Mid-Rise Condominium
  • Old Penneys Building Condos Subdivision
  • Mandatory home owners association

Amenities

  • Rooftop Deck
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,699

Year Built

Built in 1925

Lot Details

0

HOA Fees

$430 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Year Built: 1925
  • Restrictions: Building,Historical,Signage,Subdivision,Use
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Restrictions Description: CCRs attached. Buyer/Buyer's attorney to confirm current restrictions.
  • Second Living Quarters: None
  • Road Surface Type: None, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 595.00
  • Property Sub Type Additional: Mid-Rise
  • Geocode Confidence: High
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement
  • Entry Level: 4
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Breakfast Bar, Built-in Features, Open Floorplan, Pantry, Split Bedroom, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1000
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Disposal, Electric Water Heater, Gas Oven, Gas Range, Microwave, Refrigerator
  • Above Grade Finished Sq Ft: 1000
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Living Room
  • Living Area: 1000
  • Bedroom Main: 2
  • Room Count: 7

Exterior Features

  • Exterior Features: Elevator, Rooftop Terrace
  • New Construction: No
  • Roof: Built-Up, Flat, Rubber
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Concrete Block

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Garage

Utilities

  • Heating: Heat Pump, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Laundry Closet, Main Level
  • Cooling: Ceiling Fan(s), Heat Pump
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Elevator, Rooftop Terrace
  • Association Fee: 429.65
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Tessier Assoc/Ruben Gonzalez
  • Phone: 828-398-5279
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Annual Expense: 5155.80

Schools

  • Middle Or Junior School: Asheville
  • HOA Subject To: Required

Lot Info

  • Parcel Number: 9649-30-4764-C0403
  • Zoning: CBD
  • Plat Book Slide: 77/165
  • Land Included Yn: 0
  • Development Status: Completed
  • Zoning Specification: CBD

Rental Info

  • Pets Allowed: Conditional

MLS Schools

  • Elementary School: Asheville City
  • High School: Asheville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2023
Closed on
Aug 9, 2023
Sold by
Christopher Hayes James and Badenoch Ann
Bought by
Terrapin Mtn Llc
Seller's Agent
Matt Tavener
Keller Williams Professionals
Buyer's Agent
Scott Ambler
Allen Tate/Beverly-Hanks Asheville-Downtown
List Price
$650,000
Sold Price
$595,000
Premium/Discount to List
-$55,000
-8.46%
Views
723
Current Estimated Value
$650,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,926
Avg. Annual Appreciation
4.48%

Purchase Details

Listed on
Aug 8, 2020
Closed on
Dec 10, 2020
Sold by
Gruen Sara Rebecca and Gruen Robert Charles
Bought by
Hayes James Christopher and Hayes Ann Badenoch
Seller's Agent
Kathy Hartley
Artisan Properties
Buyer's Agent
Molly Demattos
Keller Williams Professionals
List Price
$520,000
Sold Price
$472,500
Premium/Discount to List
-$47,500
-9.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.05%

Purchase Details

Closed on
May 24, 2007
Sold by
Shearin Edward T and Shearin Marie H
Bought by
Purgason Polly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2000
Sold by
Public Interest Projects Inc
Bought by
Shearin Edward T and Shearin Marie H
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Terrapin Mtn Llc $595,000 None Listed On Document
Hayes James Christopher $472,500 None Available
Hayes James Christopher $472,500 None Listed On Document
Purgason Polly A $420,000 None Available
Shearin Edward T $152,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Purgason Polly A $378,000
Previous Owner Shearin Edward T $111,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2023 08/09/23 Sold $595,000 -4.8% $595 / Sq Ft
07/19/2023 07/19/23 Pending -- -- --
06/29/2023 06/29/23 Price Changed $625,000 -3.8% $625 / Sq Ft
05/12/2023 05/12/23 For Sale $650,000 +37.6% $650 / Sq Ft
12/10/2020 12/10/20 Sold $472,500 -5.3% $471 / Sq Ft
10/31/2020 10/31/20 Pending -- -- --
09/21/2020 09/21/20 Price Changed $499,000 -4.0% $498 / Sq Ft
08/08/2020 08/08/20 For Sale $520,000 -- $518 / 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 $2,699 $481,700 -- $481,700
2023 $2,699 $481,700 $0 $481,700
2022 $2,402 $481,700 $0 $0
2021 $2,402 $481,700 $0 $0
2020 $2,374 $440,500 $0 $0
2019 $2,374 $440,500 $0 $0
2018 $2,374 $440,500 $0 $0
2017 $2,396 $319,100 $0 $0
2016 $1,961 $0 $0 $0
2015 $1,960 $319,100 $0 $0
2014 $1,936 $319,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4024686

Canopy MLS (Canopy Realtor® Association)

APN: 9649-30-4764-C0403