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116 E Chestnut St; Asheville, NC Property Details

116 E Chestnut St, Asheville, NC is a Apt House 5+ Units that was built in 1925. This property is currently Financed and is not for sale. Our records show that 116 E Chestnut St has a total of 5,556 square feet. The lot size of 116 E Chestnut St is 23,087 square feet.

Off market
116 E Chestnut St Asheville, NC 28801
$2,355,000 Estimated Value
5,556 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1925
  • Purchase Price: $2,685,000
  • Open Loans / Balance: 1 / $1,722,142
  • Est. Equity / %: $3,344,858 / 66.01%
  • APN: 9649-43-1438-00000
  • Situs County: Buncombe
  • Length Of Ownership: 8 years

Structure

  • Building Style: Brick
  • Stories: 4
  • Exterior Wall Type: Brick
  • Building Condition: Fair
  • Building Quality: C
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 5,556/SqFt
  • Lot: 23,087/SqFt
  • Gross: 5,556/SqFt
  • Living: 5,556/SqFt
  • Basement: 5,784/SqFt
  • Building: 5,556/SqFt
  • Price Per Square Foot: $483.26

Legal Description

  • Description: SUBDIV: SHARPLESS LOT LOT: 1 & 2 PLAT: 0154-0174
Building Insights

Land Information

  • Property Type: Apt House 5+ Units
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Asheville City Schools
  • Lat / Lon: 35.603523 / -82.552826
  • Subdivision: Sharpless Lot
  • Property Class: Residential
  • Zoning: CBII
  • County Use Code: 411

Amenities

  • Plus Four: 2356

Ownership Info

116 E Chestnut St has no associated ownership info
116 E Chestnut St has no associated ownership info.

Taxes

116 E Chestnut St has 10 associated Taxes items

116 E Chestnut St, Asheville, 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 $2,355,000. The APN we've located for 116 E Chestnut St is 9649-43-1438-00000.

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Taxes
  • Assessed Value:  $2,355,000
  • Assessed Year:  2025
  • Assessed County:  Buncombe
  • APN:  9649-43-1438-00000
  • Assessed Land Value:  900400
  • Market Land Value:  900400
  • Tax Amount:  24329.51
  • Tax Year:  2024
  • Market Value:  2355000
  • Market Year:  2025

Tax History

116 E Chestnut St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $2,355,000 Land Value $900,400 Improvement Value $1,454,600 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $2,355,000 Land Value $900,400 Improvement Value $1,454,600 Tax Amount $24,329.51 Change Rate +0.025715% Assessed CR Tax Rate +0.010331%
Year 2023 Assessed Value $2,355,000 Land Value $900,400 Improvement Value $1,454,600 Tax Amount $23,719.56 Change Rate +0.010028% Assessed CR Tax Rate +0.010072%
Year 2022 Assessed Value $2,355,000 Land Value $900,400 Improvement Value $1,454,600 Tax Amount $23,484.06 Change Rate Assessed CR Tax Rate +0.009972%
Year 2021 Assessed Value $2,355,000 Land Value Improvement Value Tax Amount $23,484.06 Change Rate +0.401265% Assessed CR Tax Rate +0.009972%
Year 2020 Assessed Value $1,554,800 Land Value Improvement Value Tax Amount $16,759.19 Change Rate Assessed CR Tax Rate +0.010779%
Year 2019 Assessed Value $1,554,800 Land Value Improvement Value Tax Amount $16,759.19 Change Rate Assessed CR Tax Rate +0.010779%
Year 2018 Assessed Value $1,554,800 Land Value Improvement Value Tax Amount $16,759.19 Change Rate -0.009192% Assessed CR Tax Rate +0.010779%
Year 2017 Assessed Value $1,470,100 Land Value Improvement Value Tax Amount $16,914.67 Change Rate -0.063808% Assessed CR Tax Rate +0.011506%
Year 2016 Assessed Value $1,470,100 Land Value Improvement Value Tax Amount $18,067.53 Change Rate Assessed CR Tax Rate +0.01229%
Year 2015 Assessed Value $1,470,100 Land Value Improvement Value Tax Amount $18,067.53 Change Rate +0.538895% Assessed CR Tax Rate +0.01229%
Year 2014 Assessed Value $967,100 Land Value Improvement Value Tax Amount $11,740.59 Change Rate Assessed CR Tax Rate +0.01214%