INVESTORS TAKE NOTE....NO RESTRICTIONS! Discover turnkey living in this beautifully updated, condo in Covington Crossing! Located in a highly wanted area of South Asheville, you'll be centrally located to vibrant downtown Asheville and Hendersonville without city fee's. This spacious 2-bedroom, 2 bath condo is tucked away, and has a large, green-space area adjacent to it. Enjoy peaceful mornings with a cup of coffee on your back patio or cozy evenings with a book in front of your gas fireplace. Relax as the HOA takes care of all exterior grounds and building repair. This property is an easy lock and go second home or would make an outstanding property for long-term leases. The interior has been updated to include fresh paint, ceiling fans, lighting fixtures, electric garage door opener, stainless steel appliances and new LVP throughout. Excellent location convenient to the Asheville Airport, WNC Ag
Active
Price cut: $39.6K (5/5)
$359,900
40 Olde Covington Way, Arden, NC 28704
2beds
1,082sqft
Townhouse
Built in 2002
0.23 Acres Lot
$-- Zestimate®
$333/sqft
$220/mo HOA
What's special
Gas fireplaceLighting fixturesCeiling fansFresh paintElectric garage door openerBack patioNew lvp throughout
- 125 days |
- 144 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Christina Parker southeastteam@trelora.com,
Trelora Realty INC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4342766
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom s
- Level: Main
Heating
- Forced Air
Cooling
- Central Air, Gas, Other
Appliances
- Included: Dishwasher, Oven
- Laundry: None
Features
- Has basement: No
Interior area
- Total structure area: 1,082
- Total interior livable area: 1,082 sqft
- Finished area above ground: 1,082
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Garage on Main Level
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Entry location: Main
Lot
- Size: 0.23 Acres
Details
- Parcel number: 965378704300000
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Vinyl
- Foundation: Pillar/Post/Pier
- Roof: Tar/Gravel
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Community
- Features: Sidewalks, Street Lights
- Subdivision: Covington Crossing
HOA
- Has HOA: Yes
- HOA fee: $220 monthly
Location
- Region: Arden
Financial & listing details
- Price per square foot: $333/sqft
- Tax assessed value: $206,500
- Annual tax amount: $1,331
- Date on market: 2/27/2026
- Cumulative days on market: 126 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Asphalt, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/5/2026 | Price change | $359,900-9.9%$333/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4342766 Report a problem | ||
| 3/30/2026 | Price change | $399,500-7.1%$369/sqft |
Source: Canopy MLS as distributed by MLS GRID #4342766 Report a problem | ||
| 2/27/2026 | Price change | $429,9000%$397/sqft |
Source: Canopy MLS as distributed by MLS GRID #4342766 Report a problem | ||
| 2/9/2026 | Listed for sale | $429,999+1.2%$397/sqft |
Source: Owner Report a problem | ||
| 8/29/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/31/2025 | Price change | $425,000-5.5%$393/sqft |
Source: Owner Report a problem | ||
| 5/23/2025 | Listed for sale | $449,900+69.7%$416/sqft |
Source: Owner Report a problem | ||
| 4/4/2025 | Sold | $265,151+76.8%$245/sqft |
Source: Public Record Report a problem | ||
| 7/10/2010 | Listing removed | $150,000$139/sqft |
Source: Beverly-Hanks and Associates #463063 Report a problem | ||
| 5/2/2010 | Price change | $150,000+0.1%$139/sqft |
Source: Beverly-Hanks and Associates #463063 Report a problem | ||
| 3/20/2010 | Listed for sale | $149,900-3.8%$139/sqft |
Source: Keller Williams Professionals #460544 Report a problem | ||
| 6/20/2009 | Listing removed | $155,900$144/sqft |
Source: Listhub #441144 Report a problem | ||
| 5/22/2009 | Listed for sale | $155,900+43%$144/sqft |
Source: Listhub #441144 Report a problem | ||
| 4/6/2002 | Sold | $109,000$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,331 +109.4% | $206,500 |
| 2024 | $636 +3.3% | $206,500 |
| 2023 | $615 +1.7% | $206,500 |
| 2022 | $605 | $206,500 |
| 2021 | $605 +17% | $206,500 +25.8% |
| 2020 | $517 | $164,200 |
| 2019 | $517 | $164,200 |
| 2018 | $517 -50% | $164,200 +22.9% |
| 2017 | $1,034 +100% | $133,600 |
| 2016 | $517 +11.4% | $133,600 |
| 2015 | $464 | $133,600 |
| 2014 | $464 | $133,600 |
| 2013 | -- | $133,600 +5.1% |
| 2012 | -- | $127,100 |
| 2011 | -- | $127,100 |
| 2010 | -- | $127,100 |
| 2009 | -- | $127,100 |
| 2007 | -- | $127,100 |
| 2006 | -- | $127,100 +17.6% |
| 2005 | -- | $108,100 |
| 2004 | -- | $108,100 |
| 2003 | -- | $108,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 28704
Nearby schools
GreatSchools rating
- 6/10Glen Arden ElementaryGrades: PK-4Distance: 1.2 mi
- 7/10Cane Creek MiddleGrades: 6-8Distance: 4.4 mi
- 7/10T C Roberson HighGrades: PK,9-12Distance: 3 mi
Schools provided by the listing agent
- Elementary: Glen Arden/Koontz
- Middle: Cane Creek
- High: T.C. Roberson
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Buncombe County
- Arden
- 28704
- 40 Olde Covington Way
Nearby cities
Nearby zip codes
Other Arden Topics
