NOT LISTED FOR SALE

946 Morgan Hill Rd Unit 20 Black Mountain, NC 28711

Estimated Value: $76,000 - $181,000

0.45 Acre
$285,556 Price per Acre
19,602 Sq Ft Lot

Last Sold April 28, 2020

Last sale price $5,000

Est. 2,480% increase in value since last sale

Current estimated payment $711/month

384 Days on Market

About This Lot

As of April 2020

Lot and subdivision located nearly equidistant from Chimney Rk/Lake Lure/Rumbling Bald Resort/Lake Adger/Tryon areas and Asheville, Hendersonville, and Black Mountain...Close to the Rocky Broad and intersections of Hwy 64/74 and Hwy 9. Surrounded by beautifully fenced and various small farmlands/pastures, with views/winter views of some nearby surrounding mountains and the stream on the other side of Rush Creek Road. PRICED TO SELL by a MOTIVATED SELLER, listed at less than half Buncombe's tax assessed value created last year. This is a lot you don't want to overlook, especially at this price. Lot is in a great location for country living/construction for a primary residence, short/long-term rental use, or as a vacation rental with seasonal use by the owner...Lots of options for any owner or investor. Light meaningful restrictions in a small subdivision, but NO HOA in place.

Last Agent to Sell the Property

David Begley

GreyBeard Realty License #275186 Listed on: 03/16/2019

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Property Type

  • Land

Lot Details

Additional Features

  • Wooded Lot
  • Crawl Space
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 0625-37-4842-00000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.62508
  • Ratio Close Price By Original Li: 0.50005
  • Ratio Current Price By Acre: 11111.11
  • Restrictions: Architectural Review, Livestock Restriction, Manufactured Home Not Allowed, Modular Allowed, Square Feet
  • Restrictions Description: NO HOA, C&Rs attached, all rentals ok
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Crawl Space, Pier & Beam

Utilities

  • Sewer: Septic Needed
  • Water: Well Needed

Schools

  • Elementary School: Black Mountain
  • Middle School: Charles D Owen
  • High School: Charles D Owen

Lot Info

  • Lot Features: Mountain View, Paved Frontage, Sloping, Views, Winter View, Wooded
  • Lot Size Area: 0.450
  • Parcel Number: 0625-37-4842-00000
  • Zoning Specification: OU
  • Plat Book Slide: 66/195
  • Plat Reference Section Pages: 66/195

Tax Info

  • Tax Value: 21200.00
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2023
Sold by
Williams James A
Bought by
Williams Family Trust
Current Estimated Value
$129,000

Purchase Details

Listed on
Mar 16, 2019
Closed on
Apr 20, 2020
Sold by
Smith Melissa A Donaker
Bought by
Williams James A and Williams Sarah M
Seller's Agent
David Begley
GreyBeard Realty
Buyer's Agent
Non Member
Canopy Administration
List Price
$9,999
Sold Price
$5,000
Premium/Discount to List
-$4,999
-49.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
97.08%

Purchase Details

Closed on
Nov 21, 2005
Sold by
Donaker Smith Melissa A and Smith Harold Lewis
Bought by
Donaker Smith Harold Lewis and Donaker Smith Melissa A

Purchase Details

Closed on
Nov 7, 2001
Sold by
Bell Lauria V
Bought by
Donaker Melissa A and Smith Harold Lewis
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
Williams Family Trust -- None Listed On Document
Williams James A $5,000 None Available
Donaker Smith Harold Lewis -- --
Donaker Melissa A $15,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2020 04/28/20 Sold $5,000 -37.5% --
04/03/2020 04/03/20 Pending -- -- --
10/23/2019 10/23/19 Price Changed $7,999 -20.0% --
03/16/2019 03/16/19 For Sale $9,999 -- --
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 $63 $9,300 $9,300 $0
2022 $60 $9,300 $0 $0
2021 $60 $9,300 $0 $0
2020 $146 $21,200 $0 $0
2019 $146 $21,200 $0 $0
2018 $146 $21,200 $0 $0
2017 $144 $23,000 $0 $0
2016 $171 $23,000 $0 $0
2015 $171 $23,000 $0 $0
2014 $171 $23,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3476382

Canopy MLS (Canopy Realtor® Association)

APN: 0625-37-4842-00000