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70 Madison Avenue

70 Madison Avenue, Asheville, NC 28801
Property in Chestnut Hills
Sold Mar 31, 2021
$30,000
$234,000 by State Employees Cu
Mortgage Due Apr 01, 2051
Sold Sep 23, 2013
$185,000
$178,825 by Cole Taylor Bank
Mortgage Due Oct 01, 2043
70 Madison Avenue in Asheville, NC was first built in 1910 and is 114 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. 70 Madison Avenue has 963 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 963 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 6,970 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. The home has a hip style roof made of composition shingle. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 70 Madison Avenue sold most recently in Mar 31, 2021 for a total of $30,000. If you work out the math, that's approximately a cost of $31.15 per sqft. Before that, the property was also sold for $185,000 in Sep 20, 2013. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,283 in taxes each year. 70 Madison Avenue was most recently assessed in 2020. During this assessment, the property's total value was estimated to be about $211,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Conventional
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 963
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 963
  • Gross Building Area: 2,085
  • Building Area: 963
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 963
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EUGENE E & ELIZABETH H GALLOWAY
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: DEED DATE: 09/23/2013 DEED: 5147-0538 SUBDIV: BLOCK: LOT: B SECTION: PLAT: 0167-0038

Ownership

  • Current Owner : BOONE TAMLA
  • Previous Owner : WHITE RUSSELL PRESTON
  • Previous Owner 2: WHITE SUE MOORE
  • Owner Before Previous Owner: GALLOWAY EUGENE E
  • Owner Before Previous Owner 2: GALLOWAY ELIZABETH H
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Asheville City Schools
  • School Tax School District: SAS
  • School Tax District Code 2: CAS
  • Census Tract: 000600

Zoning

  • Zoning: RM8

Geography

  • Assessors Map Reference: MB 167 PG 38
  • Account Number: 644059-2020-2020-0000-00
  • District: 2
  • Parcel: 9649-54-3195-00000
  • Lot: B
  • Municipality: CITY OF ASHEVILLE
  • Latitude: 35.6054
  • Longitude: -82.5486

    Address

  • Full Address: 70 Madison Ave
  • Address - House Number: 70
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Asheville
  • Carrier Code: C002
  • 4-Digit Zip Code: 1934
  • Zip Code: 28801

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $2,283

    Appraisal Valuation

  • Standard Deviation: 0.2347
  • Valuation Date: Jun 09, 2021
  • Confidence Score: 67
  • Final Value: 261,302
  • High Value: 322,631
  • Low Value: 199,972

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $234,000
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Mar 31, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $234,000
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $211,800
  • Market Land Value: $72,800
  • Market Improvement Value: $139,000

    Assessments Valuation

  • Assessed Year: 2020
  • Assessed Total Value: $211,800

    Sales

  • Current Sale Contract Date: Mar 31, 2021
  • Current Sale Recording Date: Mar 31, 2021
  • Current Sale Transaction ID: 11828966382
  • Current Sale Price: $30,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 23, 2013
  • Previous Sale Contract Date: Sep 20, 2013
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CU
  • First Mortgage Transaction Date: Mar 31, 2021
  • First Mortgage Loan Amount: $234,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: COLE TAYLOR BANK
  • Previous Mortgage Transaction Date: Sep 23, 2013
  • Previous Mortgage Loan Amount: $178,825
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Oct 01, 2043

About Chestnut Hills



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Frequently Asked Questions

What neighborhood is 70 Madison Avenue located in?
The 70 Madison Avenue is a located in the neighborhood of Chestnut Hills in Chestnut Hills, Asheville.
What is the average sales price for listings in 70 Madison Avenue?
The average sales price for units in 70 Madison Avenue is $0 currently.

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