$232,500
SOLD JUN 14, 2021

906 Merrills Cove Rd Asheville, NC 28803

3 Beds
1 Bath
1,386 Sq Ft
3.29 Acres

Recently Sold

$168 Per Sq Ft

16% Above List Price

4 Days on Market

Highlights

  • Wood Burning Stove
  • Pond
  • Vinyl Flooring
  • Glen Arden Elementary School Rated A-
  • Fireplace

About This Home

As of June 2021

Investor Alert!! This home is on a great lot with a beautiful pond and view of that from the deck! With some TLC and renovations, this could be a great private oasis or investment property! There are three bedrooms and one bathroom. The living room is spacious with a rock fireplace that has a wood stove. The kitchen has ample cabinets for storage The basement is unfinished. It has a door that leads to the backyard. There is also an additional fireplace in the basement. This home has so much potential! Come take a look today. Cash or rehab loans only.

Last Agent to Sell the Property

Chuck Johnson

Keller Williams Elite Realty License #243628 Listed on: 05/18/2021

Keller Williams Elite Realty

Last Buyer's Agent

Will Moody

Looking Glass Realty AVL LLC License #308340

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1973

Parking

  • Gravel Driveway

Interior Spaces

  • 1 Full Bathroom
  • Fireplace
  • Wood Burning Stove
  • Vinyl Flooring

Additional Features

  • Pond
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 966644217200000

Home Details

Home Type

Single Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Ratio Close Price By List Price: 1.16250
  • Ratio Close Price By Original Li: 1.16250
  • Ratio Current Price By Acre: 70668.69
  • Ratio Current Price By Sq Ft: 167.75
  • Year Built: 1973
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement, Basement Inside Entrance, Basement Outside Entrance, Block
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Fireplace Description: Living Room, Woodstove
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Laundry Location: Basement
  • Room Count: 1
  • Main Level Sq Ft: 1386
  • Total Sq Ft: 1386
  • Sq Ft Unheated Basement: 1386
  • Sq Ft Unheated Total: 1386

Exterior Features

  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway

Utilities

  • Heating: Oil Hot Air, Woodstove
  • Sewer: Septic Installed
  • Water: Spring
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Features: Mountain View, Pond
  • Lot Size Area: 3.290
  • Parcel Number: 966644217200000
  • Plat Book Slide: 39
  • Plat Reference Section Pages: 36
  • Zoning Specification: R-LD

Tax Info

  • Tax Value: 247900.00
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2022
Sold by
Martin and Neal
Bought by
Martin Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Outstanding Balance
$150,850
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$250,734

Purchase Details

Listed on
May 18, 2021
Closed on
Jun 11, 2021
Sold by
Bruce Karen and Bruce Karen
Bought by
Martin Suzanne and Martin Neal
Seller's Agent
Chuck Johnson
Keller Williams Elite Realty
Buyer's Agent
Will Moody
Looking Glass Realty AVL LLC
List Price
$200,000
Sold Price
$232,500
Premium/Discount to List
$32,500
16.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.30%
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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $232,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $158,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 For Sale $775,000 +233.3% $278 / Sq Ft
06/14/2021 06/14/21 Sold $232,500 +16.3% $168 / Sq Ft
05/22/2021 05/22/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $200,000 -- $144 / 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 $1,419 $225,300 $102,600 $122,700
2022 $1,353 $225,300 $0 $0
2021 $1,488 $247,900 $0 $0
2020 $1,449 $222,200 $0 $0
2019 $1,449 $222,200 $0 $0
2018 $955 $222,200 $0 $0
2017 $921 $216,600 $0 $0
2016 $972 $216,600 $0 $0
2015 $972 $216,600 $0 $0
2014 $996 $216,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3736255

Canopy MLS (Canopy Realtor® Association)

APN: 9666-44-2172-00000