Asheville · Asheville, NC
71 Balm Grove Avenue
Asheville, NC · 1,092 sqft
$375,000
Reduced from $390,000
- 2Beds
- 1Baths
- 1,092SqFt
- 1939Year
- 123x123x119x123Lot
- 22Days on market
About this home
This solid 1939 home offers timeless character, great bones, and incredible potential for renovation or redevelopment. Located in a fast-growing and centrally located neighborhood, the property includes an additional buildable lot, giving buyers the flexibility to expand, build, or invest for the future.
Enjoy being just a short walk to Haywood Road’s shops, restaurants, and amenities, less than half a mile from Patton Avenue, and only minutes from Downtown Asheville—a truly convenient location with strong long-term appeal.
The home itself features a spacious deck (which could be reduced in size if you decide to build on the new lot), an oversized carport, a storage unit, and a fully fenced yard. The seller has provided a new survey reflecting the subdivision of the new lot, as well as a plat review comment letter from the City of Asheville.
This property presents a rare opportunity for the right buyer—whether you’re an investor seeking your next project, a builder looking for new development potential, or a homeowner ready to this home.
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 1,092
- Lot
- 123x123x119x123
- Year built
- 1939
- Type
- Single Family
- Days on market
- 22
- Style
- Ranch
- Heating
- Baseboard, Forced Air, Natural Gas
- Cooling
- Ceiling Fan(s), Window Unit(s)
- Foundation
- Basement
- Flooring
- Carpet, Linoleum, Wood
- View
- Mountain(s)
Features
- Breakfast Bar
- Storage
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$2,759/ month
- Principal & interest
- $2,322
- Property tax (~1.05%)
- $328
- Homeowners insurance
- $109
- HOA dues
- —
Down payment
$18,750 down · $356,250 financed
Income to qualify (28% rule)
~$118,285 / 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.