NOT LISTED FOR SALE

Estimated Value: $420,904 - $747,000

4 Beds
2 Baths
1,881 Sq Ft
$287/Sq Ft Est. Value

Last Sold November 18, 2021

Last sale price $365,000 $194 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,099/month

18 Days on Market

Highlights

  • Arts and Crafts Architecture
  • Wood Flooring
  • Fireplace
  • Asheville High Rated A-
  • Corner Lot

About This Home

As of November 2021

Fantastic opportunity for an investor or homeowner. Charming West Asheville duplex that can be converted back to a single family home if desired. Solid rental history for over 30 years with the current owner. Great level lot located where you can walk to shopping, restaurants, schools or public transportation. If interested as a single family home refer to mls# 3784296.

Last Agent to Sell the Property

Sandy Lindsey

Preferred Properties License #182660 Listed on: 09/10/2021

Last Buyer's Agent

Hal Schuelke

Schuelke Real Estate License #256672

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Arts and Crafts Architecture
  • Bungalow
  • Brick Exterior Construction

Interior Spaces

  • 2 Full Bathrooms
  • Fireplace

Flooring

  • Wood
  • Linoleum
  • Tile

Schools

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

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 963823861500000

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Arts and Crafts, Bungalow
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.83908
  • Ratio Close Price By Original Li: 0.83908
  • Ratio Current Price By Acre: 2433333.33
  • Ratio Current Price By Sq Ft: 194.05
  • Year Built: 1926
  • Property Features: Fireplace
  • Special Features: None

Interior Features

  • Foundation Details: Basement Inside Entrance
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Equipment: Cooktop Electric, Electric Oven, Refrigerator
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Flooring: Linoleum, Tile, Wood
  • Laundry Location: Main
  • Total Sq Ft: 1881

Exterior Features

  • Construction: Brick Full, Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Stone
  • Parking: Driveway

Utilities

  • Heating: Gas Hot Air Furnace, No A/C
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Middle Or Junior School: Ashe

Lot Info

  • Lot Features: Corner Lot, Level
  • Parcel Number: 963823861500000
  • Zoning Specification: Res

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 272500.00
  • Tax Location: Fairview

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Asheville City
  • High School: Asheville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2021
Closed on
Nov 15, 2021
Sold by
Independence Building Associates Llc
Bought by
Smith Bachman Shirer
Seller's Agent
Sandy Lindsey
Preferred Properties
Buyer's Agent
Hal Schuelke
Schuelke Real Estate
List Price
$435,000
Sold Price
$365,000
Premium/Discount to List
-$70,000
-16.09%
Current Estimated Value
$538,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,976
Avg. Annual Appreciation
10.23%
Original Mortgage
$310,250
Outstanding Balance
$284,291
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$254,685

Purchase Details

Closed on
Nov 21, 2000
Bought by
Independence Building Asso Llc
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
Smith Bachman Shirer $365,000 None Available
Independence Building Asso Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Bachman Shirer $310,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2021 11/18/21 Sold $365,000 -16.1% $194 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $435,000 0.0% $231 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $435,000 -- $231 / 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 $3,096 $299,700 $85,000 $214,700
2024 $3,096 $299,700 $85,000 $214,700
2023 $3,096 $301,100 $85,000 $216,100
2022 $3,003 $301,100 $0 $0
2021 $2,717 $272,500 $0 $0
2020 $2,242 $208,000 $0 $0
2019 $2,242 $208,000 $0 $0
2018 $2,242 $208,000 $0 $0
2017 $2,263 $132,600 $0 $0
2016 $1,630 $132,600 $0 $0
2015 $1,630 $132,600 $0 $0
2014 $1,610 $132,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3784886

Canopy MLS (Canopy Realtor® Association)

APN: 9638-23-8615-00000