NOT LISTED FOR SALE

85 Powder Creek Trail Arden, NC 28704

Walnut Cove Neighborhood

Estimated Value: $2,170,000 - $2,638,323

3 Beds
2.5 Baths
3,896 Sq Ft
$622/Sq Ft Est. Value

Last Sold March 24, 2022

Last sale price $1,970,000 $506 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $14,235/month

59 Days on Market

Highlights

  • Golf Course Community
  • Fitness Center
  • Clubhouse
  • T.C. Roberson High School Rated A
  • Under Construction
  • Pond

About This Home

As of March 2022

Perched on an unassuming wooded knoll within the private confines of The Cliffs at Walnut Cove, your new home awaits you! Presently under construction with an expected completion before year-end, this 3-bedroom beauty brings all your living to one level. As you enter the front door, the great room, kitchen and dining areas open before you. The screened porch with its large outdoor kitchen draws you outside to the enjoy all four mild seasons, one of the hallmarks of this beautiful region. Even the primary suite enjoys its own private patio with fireplace. Modern touches adorn every space, from the tile in the master bath to the bright and stylish light fixtures, handles and knobs. The large office and gracious guest suites complete the main level. Though this is considered a single-level home, abundant storage space is accessible below the home and can even be finished for additional private living space. This is the only new construction priced below $2 million in Walnut Cove!

Last Agent to Sell the Property

Kyle Olinger

Walnut Cove Realty/Allen Tate/Beverly-Hanks License #193234 Listed on: 10/13/2021

Last Buyer's Agent

Ann Skoglund

Allen Tate/Beverly-Hanks Asheville-Biltmore Park License #97404

Allen Tate/Beverly-Hanks Asheville-Biltmore Park

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,513

Year Built

  • Built in 2021 | Under Construction

Lot Details

  • 0.97

HOA Fees

  • $175 Monthly HOA Fees

Home Design

  • Transitional Architecture
  • Slab Foundation
  • Wood Siding
  • Stone Veneer
  • Stucco

Interior Spaces

  • 3,896 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Avery's Creek/Koontz Elementary School
  • Valley Springs Middle School
  • T.C. Roberson High School

Utilities

  • Central Heating
  • Natural Gas Connected
  • Gas Water Heater
  • Septic Tank

Additional Features

  • Pond
  • Property is zoned R-2, R-2

Listing and Financial Details

  • Assessor Parcel Number 9633-18-4319-00000
  • Tax Block 3A

Community Details

Overview

  • Walnut Cove Poa, Phone Number (864) 238-2557
  • Built by Big Hills Construction, LLC
  • The Cliffs At Walnut Cove Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Indoor Pool
  • Community Spa
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,513

Year Built

Built in 2021 | Under Construction

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Transitional
  • Year Built: 2021
  • Ratio Current Price By Acre: 2030927.84
  • Restrictions: Architectural Review,Livestock Restriction,Manufactured Home Not Allowed,Modular Not Allowed,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Proposed Completion Date: 2021-12-31
  • Road Surface Type: Asphalt
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: 4098

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 3896
  • 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: 0
  • Appliances: Natural Gas
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Living Area: 3896
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Exterior Features: Underground Power Lines
  • New Construction: Yes
  • Roof: Shingle
  • Construction Status: Under Construction
  • Tax Location: Arden
  • Construction Type: Site Built
  • Waterfront Elevation: 2000
  • Construction Type: Stucco, Stone Veneer, Wood Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 1167
  • Parking Features: Garage - 3 Car

Utilities

  • Heating: Central
  • Sewer: Septic Installed
  • Water Heater: Gas
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Golf, Hot Tub, Indoor Pool, Outdoor Pool, Pond, Security, Tennis Court(s), Walking Trails
  • Association Fee: 2096
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Walnut Cove POA
  • Phone: 864-238-2557
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Valley Springs
  • HOA Subject To: Required
  • HOA Email: scarlton@carletonproperyservcies.net

Lot Info

  • Lot Size Area: 0.97
  • Lot Size Units: Acres
  • Parcel Number: 9633-18-4319-00000
  • Plat Book Slide: 0096
  • Plat Reference Section Pages: 0061
  • Zoning Description: R-2

Building Info

  • Builder Name: Big Hills Construction, LLC

Tax Info

  • Tax Block: 3A
  • RATIO List Price By Tax Amount: 7.21955

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Avery's Creek/Koontz
  • High School: T.C. Roberson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2021
Closed on
Feb 18, 2022
Sold by
Big Hills Construction Llc
Bought by
Stephen Mitnick And Denise Mitnick Nc Living
Seller's Agent
Kyle Olinger
Walnut Cove Realty/Allen Tate/Beverly-Hanks
Buyer's Agent
Ann Skoglund
Allen Tate/Beverly-Hanks Asheville-Biltmore Park
List Price
$1,950,000
Sold Price
$1,970,000
Premium/Discount to List
$20,000
1.03%
Current Estimated Value
$2,424,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$454,331
Avg. Annual Appreciation
6.24%
Original Mortgage
$1,477,500
Outstanding Balance
$1,356,498
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$1,067,833

Purchase Details

Closed on
Oct 13, 2020
Sold by
Lawless Denise C
Bought by
Big Hills Construction Llc

Purchase Details

Closed on
Jun 23, 2005
Sold by
The Cliffs At Walnut Cove Llc
Bought by
Lawless Walter J and Lawless Denise C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Stephen Mitnick And Denise Mitnick Nc Living $470,000 Barnwell & Long Pllc
Big Hills Construction Llc $160,000 None Available
Lawless Walter J $435,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stephen Mitnick And Denise Mitnick Nc Living $1,477,500
Previous Owner Big Hills Construction Llc $800,000
Previous Owner Lawless Walter J $470,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2022 03/24/22 Sold $1,970,000 +1.0% $506 / Sq Ft
12/13/2021 12/13/21 For Sale $1,950,000 0.0% $501 / Sq Ft
12/11/2021 12/11/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $1,950,000 -- $501 / 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 $10,513 $1,707,700 $270,100 $1,437,600
2023 $10,513 $1,707,700 $270,100 $1,437,600
2022 $4,953 $845,200 $0 $0
2021 $1,583 $270,100 $0 $0
2020 $1,300 $206,300 $0 $0
2019 $1,300 $206,300 $0 $0
2018 $1,300 $206,300 $0 $0
2017 $1,300 $230,800 $0 $0
2016 $1,604 $230,800 $0 $0
2015 $1,604 $230,800 $0 $0
2014 $1,604 $230,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3791713

Canopy MLS (Canopy Realtor® Association)

APN: 9633-18-4319-00000