About this home

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. Owner is open to owner financing as well! 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.

Facts and features

Schools

• Charles C Bell Elementary

  elementary · K-5 · 2.2 mi

  5

• A C Reynolds Middle

  middle · 6-8 · 4.8 mi

  8

• A C Reynolds High

  high · 9-12 · 4.9 mi

  8

• Asheville Christian Academy

  elementary · K-12 · 3.7 mi

• Evergreen Community Charter

  elementary · K-8 · 1.7 mi

  6

• Buncombe County Schools Virtual Academy

  elementary · K-12 · 2.4 mi

  5

Price history

• Oct 29, 2026 · Price Changed$515,000
• May 14, 2026 · Listed$550,000

Tax history

• 2025$1,223 tax · $270,000 assessed
• 2024$1,173 tax · $270,000 assessed
• 2023$1,139 tax · $270,000 assessed
• 2022$1,088 tax · $270,000 assessed
• 2021$1,145 tax · $270,000 assessed
• 2020$1,116 tax · $245,500 assessed
• 2019$1,116 tax · $245,500 assessed
• 2018$1,593 tax · $245,500 assessed

Home value

$544,000

• Collateral Analytics$544,000

Where it is