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523 Old Leicester Highway

523 Old Leicester Highway, Asheville, NC 28806
House in Buncombe
Sold Jul 22, 2020
$323,000
$330,429 by Movement Mortgage
Mortgage Due Aug 01, 2050
Sold Apr 13, 2018
$178,644
$178,644 by First Tennessee Bank Na
Mortgage
523 Old Leicester Highway 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 1996 and is 28 years old. The home has a total of 3 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, 523 Old Leicester Highway has 1,788 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 884 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 33,977 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. For the features and amenities located on the property. There is a garage underground or in the basement for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as poor. 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. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in Jul 21, 2020 for $323,000. That's $129.41 per sqft. Prior to that sales transaction, the property was also sold in Mar 13, 2018 for $178,644. 523 Old Leicester Highway was last assessed in 2023. The total value of the property was assessed at $304,800. Specifically, the land the property is located on was valued at $34,100. While improvements on the property were assessed at a total of $270,700. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,899. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Stucco Exterior
Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Poor
  • Building Quality: C
  • Building Style: Conventional
  • 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: 884
  • Garage Type: Underground/basement
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 33,977
  • Total Building Area: 2,496
  • Gross Building Area: 2,496
  • Building Area: 1,788
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,788
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.78
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PLAT: 0000-0000

Ownership

  • Current Owner : GILBERT MORGAN OLIVIA
  • Current Owner 2: ELLIOTT JULIES HAMILTON
  • Previous Owner : LEWTER JEANNE DEINES
  • Previous Owner 2: LEWTER DAVID
  • Owner Before Previous Owner: DEINES JEANNE
  • Owner Before Previous Owner 2: LEWTER DAVE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Buncombe County Schools
  • Census Tract: 002607

Zoning

  • Zoning: OU

Geography

  • Assessors Map Reference: 9720-35
  • Account Number: 761033-2020-202
  • Parcel: 9720-35-1867-00000
  • Municipality: LEICESTER
  • Latitude: 35.6354
  • Longitude: -82.6247

    Address

  • Full Address: 523 Old Leicester Hwy
  • Address - House Number: 523
  • Address - Street Name: Old Leicester
  • Address - Suffix Type: Hwy
  • State: NC
  • City Name: Asheville
  • Carrier Code: R010
  • 4-Digit Zip Code: 9704
  • Zip Code: 28806

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,899

    Appraisal Valuation

  • Standard Deviation: 0.2149
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 70
  • Final Value: 492,643
  • High Value: 598,550
  • Low Value: 386,737

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $330,429
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Jul 22, 2020
  • First Open Lien Mortgage Loan Amount: $330,429
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $304,800
  • Market Land Value: $34,100
  • Market Improvement Value: $270,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $304,800
  • Assessed Land Value: $34,100
  • Assessed Improvements Value: $270,700

    Sales

  • Current Sale Contract Date: Jul 21, 2020
  • Current Sale Recording Date: Jul 22, 2020
  • Current Sale Transaction ID: 11774206471
  • Current Sale Price: $323,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Apr 13, 2018
  • Previous Sale Contract Date: Mar 13, 2018
  • Previous Sale Amount: $178,644
  • Previous Sale Document Type: Land Contract

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Jul 22, 2020
  • First Mortgage Loan Amount: $330,429
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Aug 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FIRST TENNESSEE BANK NA
  • Previous Mortgage Transaction Date: Apr 13, 2018
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $178,644
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Land Contract (Argmt. Of Sale)

About Buncombe



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Frequently Asked Questions

What neighborhood is 523 Old Leicester Highway located in?
The 523 Old Leicester Highway is a house located in the neighborhood of Buncombe in Buncombe, Asheville.
What is the average sales price for listings in 523 Old Leicester Highway?
The average sales price for units in 523 Old Leicester Highway is $0 currently.

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