20 Reed Road, Asheville, NC 28805
- $550,000
- 3
- BD
- 2
- BA
- 1,991
- SqFt
Listing courtesy of Keller Williams Elite Realty. chuckjohnson@kw.com
- List Price
- $550,000
- MLS#
- 4380460
- Status
- ACTIVE
- Days on Market
- 77
- Property Type
- Residential
- Year Built
- 1954
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Lot Size
- 92,347
- Lot Size Area
- 2.12
- Living Area
- 1,991
- Sq Ft Total
- 1991
- County
- Buncombe
- Subdivision
- No Neighborhood
- Special Conditions
- None
Property Description
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.
Additional Information
- Fireplace
- Yes
- Fireplace Features
- Gas Log, Propane
- Floor Coverings
- Carpet, Tile, Vinyl
- Equipment
- Dishwasher, Electric Water Heater, Microwave, Refrigerator
- Foundation
- Slab
- Main Level Rooms
- Primary Bedroom, Bedroom(s), Bedroom(s), Living Room, Dining Area, Kitchen, Bathroom-Full, Bathroom-Full, Laundry
- Laundry Location
- Electric Dryer Hookup, Washer Hookup
- Heating
- Oil, Propane
- Water
- City
- Sewer
- Septic Installed
- Exterior Construction
- Brick Partial, Block, Wood
- Roof
- Flat
- Parking
- Driveway
- Driveway
- Gravel, Paved
- Construction Type
- Site Built
- Elementary School
- Charles C Bell
- Middle School
- AC Reynolds
- High School
- AC Reynolds
- Total Property HLA
- 1991
- Master on Main Level
- Yes
Mortgage Calculator
“ Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Some IDX listings have been excluded from this website. Properties may or may not be listed by the office/agent presenting the information © 2026 Canopy MLS as distributed by MLS GRID”
Last Updated: