Black Mountain · Black Mountain, NC
402 Blue Ridge Road
Black Mountain, NC
$250,000
- 4Beds
- 2.5Baths
- 0SqFt
- 1964Year
- 1Days on market
About this home
Prime quarter-acre lot in Black Mountain! Located just four minutes from downtown, two minutes from I-40, and close to the best of what Black Mountain has to offer, this lot is well situated and has a multitude of possibilities. The house currently standing was damaged by Hurricane Helene. The house could be repaired and lifted for the right buyer who would like to preserve this piece of Black Mountain history. If the buyer would like to fix up this house, the current owners have updated architectural plans by an award-winning architect, as well as all of the base flood plain elevations and structural engineer documentation for what the house would need to have a second life.
Additionally, this lot is also zoned TR-4, so it could be a perfect investment opportunity. The current owners are willing to negotiate the removal of the house for this potential type of investor. The lot and the house have great potential and could make a very good investment.
Property details
- Beds
- 4
- Baths
- 2.5
- SqFt
- 0
- Lot
- —
- Year built
- 1964
- Type
- Single Family
- Days on market
- 1
- Style
- Ranch
- Heating
- Other - See Remarks
- Cooling
- Other - See Remarks
- Foundation
- Crawl Space
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,839/ month
- Principal & interest
- $1,548
- Property tax (~1.05%)
- $218
- Homeowners insurance
- $72
- HOA dues
- —
Down payment
$12,500 down · $237,500 financed
Income to qualify (28% rule)
~$78,856 / 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.