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.
Active
$550,000
20 Reed Rd, Asheville, NC 28805
3beds
1,991sqft
Est.:
Single Family Residence
Built in 1954
2.12 Acres Lot
$-- Zestimate®
$276/sqft
$-- HOA
What's special
- 4 days |
- 424 |
- 34 |
Zillow last checked:
Listing updated:
Listing Provided by:
Chuck Johnson chuckjohnson@kw.com,
Keller Williams Elite Realty
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4380460
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom s
- Level: Main
Bedroom s
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Dining area
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Main
Living room
- Level: Main
Heating
- Oil, Propane
Cooling
- None
Appliances
- Included: Dishwasher, Electric Water Heater, Microwave, Refrigerator
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Carpet, Tile, Vinyl
- Has basement: No
- Fireplace features: Gas Log, Propane
Interior area
- Total structure area: 1,991
- Total interior livable area: 1,991 sqft
- Finished area above ground: 1,991
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
Lot
- Size: 2.12 Acres
Details
- Parcel number: 966977681600000
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Partial, Block, Wood
- Foundation: Slab
- Roof: Flat
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Septic Installed
- Water: City
- Utilities for property: Cable Available, Electricity Connected
Community & HOA
Community
- Subdivision: None
Location
- Region: Asheville
Financial & listing details
- Price per square foot: $276/sqft
- Tax assessed value: $270,000
- Annual tax amount: $1,223
- Date on market: 5/13/2026
- Cumulative days on market: 5 days
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Electric utility on property: Yes
- Road surface type: Gravel, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/14/2026 | Listed for sale | $550,000$276/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,223 +4.2% | $270,000 |
| 2024 | $1,173 +3% | $270,000 |
| 2023 | $1,140 +4.7% | $270,000 |
| 2022 | $1,088 -5% | $270,000 |
| 2021 | $1,146 +2.6% | $270,000 +10% |
| 2020 | $1,116 | $245,500 |
| 2019 | $1,116 -29.9% | $245,500 |
| 2018 | $1,593 -0.1% | $245,500 +11.5% |
| 2017 | $1,595 +97.6% | $220,100 |
| 2016 | $807 | $220,100 |
| 2015 | -- | $220,100 |
| 2014 | $1,595 | $220,100 |
| 2013 | -- | $220,100 -22.1% |
| 2012 | -- | $282,400 |
| 2011 | -- | $282,400 |
| 2007 | -- | $282,400 |
| 2006 | -- | $282,400 +42.4% |
| 2005 | -- | $198,300 -0.9% |
| 2004 | -- | $200,100 |
| 2003 | -- | $200,100 |
| 2002 | -- | $200,100 +50.5% |
| 2000 | -- | $133,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 28805
Nearby schools
GreatSchools rating
- 4/10Charles C Bell ElementaryGrades: PK-5Distance: 2.2 mi
- 8/10A C Reynolds MiddleGrades: 6-8Distance: 4.9 mi
- 7/10A C Reynolds HighGrades: PK,9-12Distance: 4.9 mi
Schools provided by the listing agent
- Elementary: Charles C Bell
- Middle: AC Reynolds
- High: AC Reynolds
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.





