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705 Olde Covington Way; Arden, NC Property Details

705 Olde Covington Way, Arden, NC is a Condominium that was built in 2002. This property is currently Financed and is not for sale. Our records show that 705 Olde Covington Way has 2 bedrooms, and 2 bathrooms, and a total of 1,170 square feet. The lot size of 705 Olde Covington Way is 436 square feet.

Off market
705 Olde Covington Way Arden, NC 28704
$175,000 Listing Price
2 Beds
2 Baths
1,170 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 2002
  • Purchase Price: $175,000
  • Open Loans / Balance: 1 / $145,511
  • Est. Equity / %: $99,489 / 40.61%
  • Gross Yield: 7.636%
  • APN: 9653-77-8695-CG705
  • Situs County: Buncombe
  • Length Of Ownership: 5 years, 9 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full Bathrooms: 2

Structure

  • Stories: 1
  • Building Condition: Unsound
  • Building Quality: C
  • Roof Type: Gable
  • Roof Cover Type: Composition Shingle

Measurements

  • Total: 1,170/SqFt
  • Lot: 436/SqFt
  • Gross: 1,170/SqFt
  • Living: 1,170/SqFt
  • Building: 1,170/SqFt
  • Ground: 1,170/SqFt
  • Price Per Square Foot: $149.57

Legal Description

  • Description: SUBDIV: COVINGTON CROSSING LOT: 705 PLAT: 0086-0070
Building Insights

Land Information

  • Property Type: Condominium
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Buncombe County Schools
  • Lat / Lon: 35.451317 / -82.498955
  • Subdivision: Covington Crossing
  • Property Class: Residential
  • Zoning: R-2
  • County Use Code: 120

Amenities

  • Plus Four: 9334
  • Cooling: Central
  • Fireplaces: 1
  • Heating: Central

HOA

  • H O A One: $318
  • H O A Amount: $318
  • H O A One Frequency: Monthly
  • H O A One Name: Covington Crossing Condo Owns Asso
  • H O A One Type: Condo  Owner Association

Ownership Info

705 Olde Covington Way has no associated ownership info
705 Olde Covington Way has no associated ownership info.

Taxes

705 Olde Covington Way has 8 associated Taxes items

705 Olde Covington Way, Arden, NC pays taxes in Buncombe County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $183,700. The APN we've located for 705 Olde Covington Way is 9653-77-8695-CG705.

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Taxes
  • Assessed Value:  $183,700
  • Assessed Year:  2025
  • Assessed County:  Buncombe
  • APN:  9653-77-8695-CG705
  • Tax Amount:  1130.86
  • Tax Year:  2024
  • Market Value:  183700
  • Market Year:  2025

Tax History

705 Olde Covington Way has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $183,700 Land Value Improvement Value $183,700 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $183,700 Land Value Improvement Value $183,700 Tax Amount $1,130.86 Change Rate +0.032881% Assessed CR Tax Rate +0.006156%
Year 2023 Assessed Value $183,700 Land Value Improvement Value $183,700 Tax Amount $1,094.86 Change Rate +0.017065% Assessed CR Tax Rate +0.00596%
Year 2022 Assessed Value $183,700 Land Value Improvement Value $183,700 Tax Amount $1,076.49 Change Rate Assessed CR Tax Rate +0.00586%
Year 2021 Assessed Value $183,700 Land Value Improvement Value Tax Amount $1,076.49 Change Rate +0.323559% Assessed CR Tax Rate +0.00586%
Year 2020 Assessed Value $129,100 Land Value Improvement Value Tax Amount $813.33 Change Rate Assessed CR Tax Rate +0.0063%
Year 2019 Assessed Value $129,100 Land Value Improvement Value Tax Amount $813.33 Change Rate Assessed CR Tax Rate +0.0063%
Year 2018 Assessed Value $129,100 Land Value Improvement Value Tax Amount $813.33 Change Rate Assessed CR Tax Rate +0.0063%
Year 2017 Assessed Value $116,000 Land Value Improvement Value Tax Amount $813.33 Change Rate +0.008844% Assessed CR Tax Rate +0.007011%
Year 2016 Assessed Value Land Value Improvement Value Tax Amount $806.2 Change Rate Assessed CR Tax Rate
Year 2015 Assessed Value $116,000 Land Value Improvement Value Tax Amount $806.2 Change Rate Assessed CR Tax Rate +0.00695%
Year 2014 Assessed Value $116,000 Land Value Improvement Value Tax Amount $806.2 Change Rate Assessed CR Tax Rate +0.00695%