Asheville · Asheville, NC
281 Rose Hill Road
Asheville, NC · 1,457 sqft
$498,600
- 3Beds
- 3Baths
- 1,457SqFt
- 1957Year
- 205 x 215Lot
- 4Days on market
About this home
This lovely brick and cedar-shingle ranch home, located just 15 minutes SE of downtown Asheville, sits on a mostly wooded 1.03 acre lot in the Reynolds Community. The immediate neighborhood is rural with a 50-acre horse ranch surrounding the property on three sides. The main home has 2 bedrooms and 2 full baths all on the main level with a full drive-in basement below. Recent upgrades include: new metal roof, well pump, AC unit, and septic upgrade. Also included with this property is a 480 sq. ft. guest cottage. Both the main home and the guest cottage have been used as successful short term rentals in the recent past. Furnishings can convey with both the home and cottage. This is a unique opportunity as a family compound, multiple short or long term rentals, or live in the main house and rent out the guest cottage for supplemental income. Seller will consider owner financing for a qualified buyer with a 20% down payment.
Property details
- Beds
- 3
- Baths
- 3
- SqFt
- 1,457
- Lot
- 205 x 215
- Year built
- 1957
- Type
- Single Family
- Days on market
- 4
- Garage
- 1
- Style
- Ranch
- Heating
- Central, Electric, Heat Pump, Propane
- Cooling
- Central Air, Ductless
- Foundation
- Basement
- Flooring
- Tile, Wood
Features
- Open Floorplan
- Walk-In Closet(s)
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$3,669/ month
- Principal & interest
- $3,087
- Property tax (~1.05%)
- $436
- Homeowners insurance
- $145
- HOA dues
- —
Down payment
$24,930 down · $473,670 financed
Income to qualify (28% rule)
~$157,272 / 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.