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221 School Road

221 School Road, Asheville, NC 28806
Sold Jun 27, 2018
$345,000
$336,000 by Bay Equity Llc
Mortgage Due May 01, 2050
Sold Mar 21, 2003
$136,000
$108,800 by Solution 1 Mortgage Corp
Mortgage Due Apr 01, 2033
221 School Road has been categorized by the local assessors in Asheville, NC as a residential type of property. The building on the property was first built in 1956 and is 68 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 221 School Road has 2,316 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 1,196 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 14,375 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a screened porch. Moving on to the building itself. The condition of the building has been evaluated as fair. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of wood. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 221 School Road was last sold in Jun 26, 2018 for $345,000. According to our calculations, that's $127.78 per sqft. Prior to that sales transaction, the property was sold for $136,000 in Mar 21, 2003. Current property owners are expected to pay $3,252 in taxes per year. The property on 221 School Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $326,100. To break that down further, the land itself was valued at $118,500. While improvements to the property were assessed at a total of $207,600. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Building Quality: C
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,196
  • Parking Space Count: 0
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 14,375
  • Total Building Area: 2,700
  • Gross Building Area: 2,920
  • Building Area: 2,316
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,316
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MALVERN HILLS
  • Land Acres: 0.33
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUBDIV: MALVERN HILLS LOT: 48 BLOCK: F PLAT: 0007-0069

Ownership

  • Current Owner : PIKE SAMUEL
  • Current Owner 2: PIKE ELEANOR
  • Previous Owner : MCGOWAN JEANNE F
  • Owner Before Previous Owner: FREEMAN BRIAN C
  • Owner Before Previous Owner 2: FREEMAN GRETA LEIGH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Asheville City Schools
  • Census Tract: 001200

Zoning

  • Zoning: RS4

Geography

  • Assessors Map Reference: 9628-41
  • Account Number: 683331-2020-202
  • Parcel: 9628-41-9662-00000
  • Block: F
  • Lot: 48
  • Municipality: CITY OF ASHEVILLE
  • Latitude: 35.569
  • Longitude: -82.6158

    Address

  • Full Address: 221 School Rd
  • Address - House Number: 221
  • Address - Street Name: School
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Asheville
  • Carrier Code: C008
  • 4-Digit Zip Code: 1533
  • Zip Code: 28806

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,252
  • Tax Rate Code Area: CAS

    Appraisal Valuation

  • Standard Deviation: 0.2155
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 70
  • Final Value: 570,426
  • High Value: 693,388
  • Low Value: 447,463

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $336,000
  • First Open Lien Mortgage Lender: BAY EQUITY LLC
  • First Open Lien Mortgage Recording Date: Apr 22, 2020
  • First Open Lien Mortgage Loan Amount: $336,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2050

    Market Valuation

  • Market Total Value: $326,100
  • Market Land Value: $118,500
  • Market Improvement Value: $207,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $326,100
  • Assessed Land Value: $118,500
  • Assessed Improvements Value: $207,600

    Sales

  • Current Sale Contract Date: Jun 26, 2018
  • Current Sale Recording Date: Jun 27, 2018
  • Current Sale Transaction ID: 11476236415
  • Current Sale Price: $345,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Mar 21, 2003
  • Previous Sale Contract Date: Mar 21, 2003
  • Previous Sale Amount: $136,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BAY EQUITY LLC
  • First Mortgage Transaction Date: Jun 27, 2018
  • First Mortgage Loan Amount: $327,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: SOLUTION 1 MORTGAGE CORP
  • Previous Mortgage Transaction Date: Mar 21, 2003
  • Previous Mortgage Loan Amount: $108,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Apr 01, 2033

About Malvern Hills



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 221 School Road located in?
The 221 School Road is a house located in the neighborhood of Malvern Hills in Malvern Hills, Asheville.
What is the average sales price for listings in 221 School Road?
The average sales price for units in 221 School Road is $0 currently.

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