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John KurtzCharlotte · NC

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Asheville · Asheville, NC

20 Reed Road

Asheville, NC · 1,991 sqft

$550,000

  • 3Beds
  • 2Baths
  • 1,991SqFt
  • 1954Year
  • 5Days on market

About this home

Beautiful opportunity with incredible potential! This ranch-style home sits on a spacious 2.12 acre property in the highly desirable Riceville area and offers multiple possibilities for personal use, rental income, or future development. Per the zoning department, the property may allow subdivision into up to 3 separate lots, and zoning may allow up to 2 units per lot for a potential total of 6 living structures. Buyer to verify all subdivision, zoning, density, and development possibilities with the appropriate authorities. The main home features 3 bedrooms, 2 baths, and a full-length enclosed rear porch spanning back of the home. All 3 bedrooms have direct access to the enclosed porch, which features glass panels and exterior doors providing access outside. Bedrooms are counted with this ingress/egress configuration leading to the enclosed porch, not directly to the exterior. This could be completed by simply removing one of the doors to the porch. Buyer to verify the ingress/egress they desire for these to be bedrooms. The home offers a comfortable ranch layout with great natural light and plenty of space to make your own. Additionally, on the property is an older, very charming singlewide that could be refurbished into an excellent rental, guest home, or additional living space. Seller states there are 2 septic systems on the property. A park model home located on the property is also available for purchase separately for an additional $65,000, or seller will remove it prior to closing. Conveniently located near shopping, restaurants, and local amenities, this unique property offers a rare combination of current usability, rental potential, and future development opportunity. Buyer to verify all information including zoning, subdivision potential, density allowances, septic systems, square footage, and all permitted uses.

Property details

Beds
3
Baths
2
SqFt
1,991
Lot
Year built
1954
Type
Single Family
Days on market
5
Heating
Oil, Propane
Cooling
None
Foundation
Slab
Flooring
Carpet, Tile, Vinyl

Payment estimate

Estimated monthly payment

Includes P&I, tax, insurance

$4,047/ month

Principal & interest
$3,406
Property tax (~1.05%)
$481
Homeowners insurance
$160
HOA dues

Down payment

$27,500 down · $522,500 financed

Income to qualify (28% rule)

~$173,484 / 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.

Location

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.