Black Mountain · Black Mountain, NC
17 Chicago Avenue
Black Mountain, NC
$225,000
- 2Beds
- 1Baths
- 0SqFt
- 1900Year
- 18Days on market
About this home
Attention builders, developers, and investors—don’t miss this rare opportunity in the heart of Black Mountain. Tucked away on a quiet, low-traffic street, this private, wooded property is just moments from Lake Tomahawk and the charm of downtown. With public utilities available and short-term rentals allowed, the possibilities here are abundant. Preliminary guidance suggests potential for up to two-three build sites (buyer to confirm), making this an ideal candidate for an investment project. The surrounding area offers an inviting lifestyle with nearby golf, tennis, sports fields, and a thriving downtown filled with beloved restaurants, breweries, coffee shops, and boutiques. Asheville is just a short 20-minute drive away. The existing structure is likely a teardown.
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 0
- Lot
- —
- Year built
- 1900
- Type
- Single Family
- Days on market
- 18
- Heating
- None
- Cooling
- None
- Foundation
- Slab
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,656/ month
- Principal & interest
- $1,393
- Property tax (~1.05%)
- $196
- Homeowners insurance
- $65
- HOA dues
- —
Down payment
$11,250 down · $213,750 financed
Income to qualify (28% rule)
~$70,971 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.