Mars Hill · Mars Hill, NC
5881 US 23 Highway
Mars Hill, NC · 1,040 sqft
$450,000
- 2Beds
- 1Baths
- 1,040SqFt
- 1930Year
- 9Days on market
About this home
Welcome to this creekfront cabin with built-in income potential. Originally built in the 1930s, the main cabin was extensively remodeled down to the studs in 2021 with new walls, ceilings, roof, electrical, appliances, and more. The main home offers a comfortable floor plan, generous outdoor living space, a covered front porch, covered back porch, and creekside patio. Main home previously rented for $1,900/month.
Property also includes a 1-bedroom/1-bath additional dwelling unit currently rented for $900/month, featuring washer and dryer hookups, plus a mobile home lot rented for $400/month. Mobile home is tenant-owned and does not convey. Each unit has separate utilities and septic; septic systems were last pumped in 2025.
Conveniently located with easy access to I-26, downtown Mars Hill, Hatley Pointe, Tennessee, Weaverville, and Asheville. No known Helene damage. Parcel is partially located in a flood zone.
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 1,040
- Lot
- —
- Year built
- 1930
- Type
- Single Family
- Days on market
- 9
- Style
- Cabin, Rustic
- Heating
- Heat Pump
- Cooling
- Ceiling Fan(s), Heat Pump
- Foundation
- Crawl Space
- View
- Mountain(s), Year Round
Features
- Kitchen Island
- Other - See Remarks
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$3,311/ month
- Principal & interest
- $2,786
- Property tax (~1.05%)
- $393
- Homeowners insurance
- $131
- HOA dues
- —
Down payment
$22,500 down · $427,500 financed
Income to qualify (28% rule)
~$141,942 / 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.