309 Sourwood Road Unit #3, Black Mountain, NC 28711
- $250,000
- 3
- BD
- 2
- BA
Listing courtesy of LPT Realty, LLC. rnjohnsonrealestate@gmail.com
- List Price
- $250,000
- MLS#
- 4404926
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 13
- Property Type
- Residential
- Architectural Style
- Bungalow
- Foreclosure
- Yes
- Distressed Property
- Yes
- Year Built
- 1963
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Lot Size
- 8,712
- Lot Size Area
- 0.2
- County
- Buncombe
- Subdivision
- Christmont
- Special Conditions
- In Foreclosure, Subject to Lease
- Waterfront Features
- None
Property Description
Bring your vision and a comprehensive renovation plan to this character-rich 1963 property in Black Mountain’s Christmount community. Architectural highlights include dramatic vaulted exposed-wood ceilings, hardwood flooring, wood-paneled accents, a brick fireplace and a wooded setting. One full bath, which features a newer vanity and enclosed tub/shower. The property requires substantial rehabilitation and does not currently have a qualifying permanently installed heat source; no heated living area is represented. This is an Investor Special and will only qualify for hard money loan or cash purchase. Home needs significant rehab but has ample potential for return on investment if issues are addressed, sqft is increased and layout improved. The basement could easily be finished adding two more bedrooms/bonus rooms, an additional bathroom, and full laundry area. There is also potential to extend to main floor out over the garage, adding 600-800 sqft more of HLA in place of the existing deck, but would need to have an engineer approve plans. Known conditions include roof leakage, an unsafe deck, significant basement moisture intrusion and visible mold-like/microbial growth requiring professional evaluation, remediation and correction of the underlying moisture source. Subject to Christmount POA governing documents, private-road provisions and architectural approval requirements. Buyer must independently verify measurements, room designations, systems, permits, condition, restrictions, intended use and renovation feasibility. Currently tenant occupied, showing by appointment only. Do not disturb current tenants without a scheduled showing.
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Additional Information
- Hoa Fee
- $50
- Hoa Fee Paid
- Annually
- Fireplace
- Yes
- Floor Coverings
- Laminate
- Equipment
- Dishwasher, Electric Cooktop, Refrigerator
- Foundation
- Basement, Crawl Space
- Main Level Rooms
- Primary Bedroom, Kitchen, Bathroom-Full
- Laundry Location
- In Garage
- Heating
- None
- Water
- Other - See Remarks
- Sewer
- Public Sewer
- Exterior Construction
- Wood
- Roof
- Architectural Shingle
- Parking
- Basement, Driveway, Attached Garage
- Driveway
- Gravel, Paved
- Lot Description
- Wooded
- Elementary School
- Black Mountain
- Middle School
- Charles D Owen
- High School
- Charles D Owen
- Master on Main Level
- Yes
Mortgage Calculator
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