NOT LISTED FOR SALE

565 School Rd Asheville, NC 28803

Estimated Value: $706,000 - $1,206,000

2 Beds
1 Bath
900 Sq Ft
$932/Sq Ft Est. Value

Sale Details

Date Sold: October 18, 2018

Last sale price $175,000 $194 Per Sq Ft

Est. 379% increase in value since last sale

Current estimated payment $4,652 / mo

91 Days on Market

Highlights

  • Traditional Architecture
  • Fireplace
  • 1-Story Property
  • Glen Arden Elementary School Rated A-
  • Pasture
  • Carpet

About This Home

As of October 2018

Incredible opportunity to own 4.77 acres! Excellent views from the top of the property with room to build there. Much of the lot has already been cleared and is fenced. Currently being used as a mini farm with horses, goats, chickens, etc. It has 3 wells and city water, 2 power poles and 2 fire hydrants onsite. Convenient location-only minutes to downtown and S. AVL. The existing home is being used for storage and would need serious renovating. Great investment potential for an individual or developer!

Last Agent to Sell the Property

Leslie Elliott

Howard Hanna Beverly-Hanks Asheville-Biltmore Park License #264565 Listed on: 06/27/2018

Last Buyer's Agent

Cheryl Reavis

Nexus Realty LLC License #270072

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1938

Lot Details

  • 4.77

Home Design

  • Traditional Architecture

Interior Spaces

  • 1 Full Bathroom
  • 1-Story Property
  • Fireplace
  • Carpet

Farming

  • Pasture
  • Fenced For Cattle

Listing and Financial Details

  • Assessor Parcel Number 9665-12-6926-00000

Home Details

Home Type

Single Family

Year Built

Built in 1938

Lot Details

4.77 Acres

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.89744
  • Ratio Close Price By Original Li: 0.70000
  • Ratio Current Price By Acre: 36687.63
  • Ratio Current Price By Sq Ft: 194.44
  • Year Built: 1938
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Concrete
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Flooring: Carpet
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 900
  • Total Sq Ft: 900

Exterior Features

  • Construction: Concrete Block
  • Construction Type: Site Built
  • Exterior Features: Fenced Pasture
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Earth
  • Parking: Driveway

Utilities

  • Heating: No A/C
  • Sewer: Septic Tank
  • Water: City Water

Lot Info

  • Lot Features: Pasture, Views
  • Parcel Number: 9665-12-6926-00000
  • Plat Book Slide: 0038/0141
  • Zoning Specification: RES

Tax Info

  • Tax Value: 170900.00
  • Tax Location: Buncombe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2018
Closed on
Oct 18, 2018
Sold by
Swayngim Mitchell and Sluder Deanna
Bought by
Grassette Adam and Grassette Tracy Lynn
Seller's Agent
Leslie Elliott
Howard Hanna Beverly-Hanks Asheville-Biltmore Park
Buyer's Agent
Cheryl Reavis
Nexus Realty LLC
List Price
$250,000
Sold Price
$175,000
Premium/Discount to List
-$75,000
-30%
Current Estimated Value
$838,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$663,830
Avg. Annual Appreciation
23.41%
Original Mortgage
$102,575
Outstanding Balance
$76,538
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$762,292
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Grassette Adam $175,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grassette Adam $102,575
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2018 10/18/18 Sold $175,000 -10.3% $194 / Sq Ft
09/26/2018 09/26/18 Pending -- -- --
09/13/2018 09/13/18 Price Changed $195,000 -4.9% $217 / Sq Ft
09/11/2018 09/11/18 Price Changed $205,000 -4.7% $228 / Sq Ft
08/22/2018 08/22/18 Price Changed $215,000 -6.5% $239 / Sq Ft
08/08/2018 08/08/18 Price Changed $230,000 -2.1% $256 / Sq Ft
08/01/2018 08/01/18 Price Changed $235,000 -4.1% $261 / Sq Ft
07/16/2018 07/16/18 Price Changed $245,000 -2.0% $272 / Sq Ft
06/27/2018 06/27/18 For Sale $250,000 -- $278 / Sq Ft
Source: Canopy MLS

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 $2,449 $397,800 $39,900 $357,900
2024 $2,449 $397,800 $39,900 $357,900
2023 $2,449 $397,800 $39,900 $357,900
2022 $2,331 $397,800 $0 $0
2021 $766 $130,800 $0 $0
2020 $246 $39,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Leslie Elliott

    Seller's Agent in 2018

    Leslie Elliott

    Howard Hanna Beverly-Hanks Asheville-Biltmore Park

    (828) 702-2879

    101 Total Sales

    Leslie Elliott
    Section Image
  • Cheryl Reavis

    Buyer's Agent in 2018

    Cheryl Reavis

    Nexus Realty LLC

    (828) 712-5007

    24 Total Sales

    Cheryl Reavis
    Section Image
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Map

Source: Canopy MLS

MLS Number: CAR3407499

Canopy MLS

APN: 9665-12-5906-00000

North Carolina Buncombe County Asheville 28803

565 School Rd, Asheville, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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