12 Peeler Drive
Asheville, NC, 28803 $ 555,000
Bedrooms4 Baths2.1 Sq 2,469 Monthly Estimate*
$ 3,833
for $555,000 with 4 bedrooms and 2 full baths, 1 half bath. This 2,469 square foot home was built in 2001 on a lot size of 0.17.
Location, flexibility, and income potential come together in this versatile Asheville property. Just 4 miles from downtown Asheville, this two-living-space property offers an exciting opportunity for buyers seeking rental income, a guest suite, multigenerational living, or a flexible space to work from home. The main residence offers 1,661 square feet with four bedrooms and 1.5 baths, an updated kitchen, and new flooring in the kitchen and dining areas. Outside, enjoy a low-maintenance composite front deck and rear deck and patio overlooking a lush, private setting. A partially fenced side yard with fruit trees and established landscaping adds to the property's appeal, while a rear storage shed provides convenient additional space. The recently remodeled 808-square-foot lower-level studio apartment is where the income potential really shines. With two exterior entrances, the apartment offers privacy, flexibility, and easy access for tenants, guests, or extended family, making it especially appealing for those looking to generate rental income or create a separate living space. Updates include new flooring, drywall, paint, refrigerator, mini-split, and lighting, along with a full bath and kitchenette, creating a move-in-ready opportunity for generating additional income. Additional home improvements include a 2023 roof replacement, 2025 water heater, French drain, gutter guards, and recently painted exterior. With a desirable Asheville location and two separate living spaces, this property offers options and the potential to offset ownership costs through rental income.
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FeaturesGeneralLiving Area 1661
Sewer Public Sewer
Heating Ductless Heat Pump
Cooling Central Air Ductless Heat Pump
Roof Architectural Shingle
Appliances Dishwasher Disposal Dryer Dual Flush Toilets Electric Oven Electric Range Electric Water Heater Exhaust Fan Exhaust Hood Refrigerator Washer/Dryer
Zoning RS8
Garage Spaces 0
Patio/Porch Features Covered Front Porch Porch Rear Porch
Construction Materials Hard Stucco Vinyl
Year Built 2001
Levels One
Property Subtype Single Family Residence
Parcel Number 965778810700000
Elevation 2000
County Buncombe
New Construction N
Property Type Residential
HOA N
Subdivision Name Twin Springs
Garage Y/N N
Full Baths 2
High School AC Reynolds
City Asheville
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Oakley
Middle/Junior High School AC Reynolds
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Restrictions Deed
Tax Assessed Value 353300
Listing Terms Cash Conventional FHA VA Loan
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InteriorBasement Apartment Exterior Entry Finished
Basement (Y/N) Y
Fireplace Y/N N
Above Grade Finished Area 1661
Half Baths 1
Laundry Features In Hall Laundry Closet
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 3
SqFt Main 1661
SqFt Lower 0
SqFt Upper 0
Bedroom 4
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ExteriorExterior Amenities Fire Pit
Fencing Partial
Parking Features Driveway
Lot Features Orchard(s)
Water Source City
Lot Size Area 0.17
Foundation Details Basement
Road Surface Type Concrete Paved
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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* Excluded FeaturesList ByHoward Hanna Beverly-Hanks FletcherBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,833
- 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 $948,520
Percent of Sale Price 71%
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.
2172497 Elementary School
2033292 Middle School
AC Reynolds High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/25/2026 | $555,000 | -4.31% | Price Down |
| 8/6/2026 | $580,000 | | Listed Price |