Asheville · Asheville, NC
994 Riceville Road
Asheville, NC · 1,325 sqft
$445,000
Reduced from $485,000
- 2Beds
- 1Baths
- 1,325SqFt
- 1951Year
- 49Days on market
About this home
This updated home is gated and has potential to subdivide. Truly turnkey with major improvements including a new roof, windows, plumbing, electrical. In the Riceville Valley, where the mountains cradle the land and the noise of the world fades behind you, this bright classic bungalow sits above a gentle, babbling stream that begins its journey near the Blue Ridge Parkway. Helene caused no damage to this home. Perfectly positioned between downtown Asheville and Black Mountain, and less than three miles from the Parkway itself, you’re tucked into the landscape yet minutes from everything. It’s the rare kind of location that feels hidden but never isolated. And then there’s the freedom of county taxes and zoning. No restrictions from an HOA. Chickens? Yes. Short-term rentals? Allowed. Homesteading dream? Fully possible. With the largest lot in the immediate cluster, this property offers room to breathe and room to grow. City water and sewer are already in place, with the potential to add an ADU or even explore subdivision options (buyer to verify). Classic design layered with modern touches. Curl up by the new free-standing wood stove with your favorite book. Outside, raised garden beds soak up the valley sun. Evenings unfold under a canopy of stars as fireflies spark to life and conversations stretch long past dusk. The fire pit glows. The air cools. Adventure lives at your doorstep. Ride straight up to the Blue Ridge Parkway. Explore nearby trails at Warren Wilson College. Wander into surrounding national forest lands and protected nature preserves. This is a landscape people travel to experience and you get to call it home. Practical improvements add peace of mind: a redone culvert with reinforced rip rap, added electrical amp service in the detached carport for workshop potential or future expansion, and access to a natural spring for fresh mountain drinking water. This home isn’t just a place on a map. It’s where you land.
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 1,325
- Lot
- —
- Year built
- 1951
- Type
- Single Family
- Days on market
- 49
- Style
- Bungalow
- Heating
- Central, Heat Pump, Wood Stove
- Cooling
- Central Air, Heat Pump
- Foundation
- Crawl Space
- Flooring
- Tile, Wood
Features
- Fire Pit
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$3,275/ month
- Principal & interest
- $2,756
- Property tax (~1.05%)
- $389
- Homeowners insurance
- $129
- HOA dues
- —
Down payment
$22,250 down · $422,750 financed
Income to qualify (28% rule)
~$140,364 / 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.