20 Reed Road
Asheville, NC, 28805 $ 550,000
Bedrooms3 Baths2.0 Sq 1,991 Monthly Estimate*
$ 3,799
for $550,000 with 3 bedrooms and 2 full baths. This 1,991 square foot home was built in 1954 on a lot size of 2.12.
Beautiful opportunity with incredible potential! This ranch-style home sits on a spacious 2.12 acre property in the highly desirable Riceville area and offers multiple possibilities for personal use, rental income, or future development. Per the zoning department, the property may allow subdivision into up to 3 separate lots, and zoning may allow up to 2 units per lot for a potential total of 6 living structures. Buyer to verify all subdivision, zoning, density, and development possibilities with the appropriate authorities. The main home features 3 bedrooms, 2 baths, and a full-length enclosed rear porch spanning back of the home. All 3 bedrooms have direct access to the enclosed porch, which features glass panels and exterior doors providing access outside. Bedrooms are counted with this ingress/egress configuration leading to the enclosed porch, not directly to the exterior. This could be completed by simply removing one of the doors to the porch. Buyer to verify the ingress/egress they desire for these to be bedrooms. The home offers a comfortable ranch layout with great natural light and plenty of space to make your own. Additionally, on the property is an older, very charming singlewide that could be refurbished into an excellent rental, guest home, or additional living space. Seller states there are 2 septic systems on the property. A park model home located on the property is also available for purchase separately for an additional $65,000, or seller will remove it prior to closing. Conveniently located near shopping, restaurants, and local amenities, this unique property offers a rare combination of current usability, rental potential, and future development opportunity. Buyer to verify all information including zoning, subdivision potential, density allowances, septic systems, square footage, and all permitted uses. New roof in 2024 per the owner.
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FeaturesGeneralLiving Area 1991
Sewer Septic Installed
Heating Oil Propane
Cooling None
Utilities Cable Available Electricity Connected
Roof Flat
Appliances Dishwasher Electric Water Heater Microwave Refrigerator
Patio/Porch Features Porch
Construction Materials Brick Partial Block Wood
Year Built 1954
Levels One
Property Subtype Single Family Residence
Parcel Number 9669-77-6816-00000
County Buncombe
New Construction N
Property Type Residential
HOA N
Subdivision Name None
Garage Y/N N
Full Baths 2
Directions From Hendersonville take US-25 N toward Asheville. Turn right onto Riceville Rd then turn right onto Reed Rd. Property will be on the left.
High School AC Reynolds
City Asheville
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Charles C Bell
Middle/Junior High School AC Reynolds
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Tax Assessed Value 270000
Listing Terms Cash Conventional FHA USDA Loan VA Loan
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InteriorFlooring Carpet Tile Vinyl
Fireplace Features Gas Log Propane
Basement (Y/N) N
Fireplace Y/N Y
Above Grade Finished Area 1991
Half Baths 0
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 2
SqFt Main 1991
SqFt Lower 0
SqFt Upper 0
Bedroom 3
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ExteriorParking Features Driveway
Water Source City
Lot Size Area 2.12
Foundation Details Slab
Road Surface Type Gravel Paved
Other Equipment Fuel Tank - Owned
Road Responsibility Private Maintained Road
Main Level Garage YN N
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* Excluded FeaturesList ByKeller Williams Elite RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,799
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Asheville, NC
Average List Price $948,282
Percent of Sale Price 72%
About Asheville, NC 93,508 Population
25% Since 2002
$ 48,694 Median Income
39.56 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
2060613 Elementary School
2033292 Middle School
AC Reynolds High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/14/2026 | $550,000 | | Listed Price |