NOT LISTED FOR SALE

99999 Short Michigan Ave Asheville, NC 28806

West Asheville Neighborhood

Estimated Value: $203,389 - $295,000

1.94 Acres
$121,571 Price per Acre
84,506 Sq Ft Lot

Last Sold July 12, 2024

Last sale price $204,500

Est. 15% increase in value since last sale

Current estimated payment $1,383/month

89 Days on Market

About This Lot

As of July 2024

Almost 2 acres (1.94 +-) in West Asheville, down the street from Carrier Park and the French Broad River, and 5 minutes from Downtown Asheville. Zoned High-Density Multifamily, the property could be subdivided or used for more intensive development. Creekfront.

Zoning specifies that 2500sq ft of land is required for the first unit and an additional 1000sq ft for each additional unit. The property is approximately 84,500 sq ft, suggesting that with permitting approval, etc, even factoring an aquatic buffer for the creek, the property could support in the neighborhood of 70+ units. Buyer's agent should confirm.

This listing applies only to "Tract One" in Buncombe County NC deed book 6209, page 1445, being the identical property described in book 5668, page 217.

Last Agent to Sell the Property

Karen Selz

Southern Homes of the Carolinas, Inc Brokerage Email: homecove@live.com License #284472 Listed on: 03/05/2024

Last Buyer's Agent

Elena Kovrigin

EXP Realty LLC License #292494

EXP Realty LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,675

Lot Details

  • Possible uses of the property include Multi-Family, Residential
  • Property is zoned RM16

Listing and Financial Details

  • Assessor Parcel Number 9638-51-8492-00000

Property Details

Property Type

Land

Est. Annual Taxes

$1,675

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Use
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Geocode Confidence: High
  • Attribution Contact: homecove@live.com
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential

Exterior Features

  • Waterfront Features: None

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Public Sewer
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Creek Front
  • Lot Size Units: Acres
  • Parcel Number: 9638-51-8492-00000
  • Zoning: RM16
  • Can Be Subdivided: 1
  • Additional Parcels Description: none
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RM16

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2024
Closed on
Jul 5, 2024
Sold by
Bob Judy Bob Llc
Bought by
Shin Chong Ho
Seller's Agent
Karen Selz
Southern Homes of the Carolinas, Inc
Buyer's Agent
Elena Kovrigin
EXP Realty LLC
List Price
$239,000
Sold Price
$204,500
Premium/Discount to List
-$34,500
-14.44%
Views
32
Current Estimated Value
$235,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,347
Avg. Annual Appreciation
11.14%
Original Mortgage
$120,000
Outstanding Balance
$109,932
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$125,915

Purchase Details

Closed on
May 22, 2018
Sold by
Judith Selz 8 Llc
Bought by
Judith Selz 7 Llc

Purchase Details

Closed on
Apr 11, 2018
Sold by
Wei Investments Lp
Bought by
Judith Selz 8 Llc

Purchase Details

Closed on
Oct 16, 2012
Bought by
Wei Investments Lp

Purchase Details

Closed on
Jan 10, 2006
Sold by
Johnson Robert L
Bought by
Wei Wuchang and Shi Lei
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
Shin Chong Ho $204,500 None Listed On Document
Judith Selz 7 Llc -- Chicago Title Insurance Comp
Judith Selz 8 Llc $157,000 None Available
Wei Investments Lp -- --
Wei Wuchang $39,395 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shin Chong Ho $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2024 07/12/24 Sold $204,500 -6.6% --
04/03/2024 04/03/24 Price Changed $219,000 -8.4% --
03/04/2024 03/04/24 For Sale $239,000 -- --
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 $1,675 $162,100 $162,100 --
2024 $1,675 $162,100 $162,100 --
2023 $1,675 $162,100 $162,100 $0
2022 $1,616 $162,100 $0 $0
2021 $1,616 $162,100 $0 $0
2020 $700 $64,900 $0 $0
2019 $700 $64,900 $0 $0
2018 $700 $64,900 $0 $0
2017 $706 $43,200 $0 $0
2016 $531 $43,200 $0 $0
2015 $531 $43,200 $0 $0
2014 $524 $43,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Karen Selz

    Southern Homes of the Carolinas, Inc

    (828) 275-8555

    2 in this area

    4 Total Sales

    Karen Selz
    Section Image
  • Elena Kovrigin

    Buyer's Agent in 2024

    Elena Kovrigin

    EXP Realty LLC

    (828) 301-7781

    20 in this area

    143 Total Sales

    Elena Kovrigin
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4115558

Canopy MLS (Canopy Realtor® Association)

APN: 9638-51-8492-00000

North Carolina Buncombe County Asheville 28806 West Asheville

99999 Short Michigan Ave, Asheville, NC

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