Investor/Flipper Special – 2 Homes on One Lot! Sold AS-IS, Where-Is – This property is a rare find for investors, flippers, or anyone looking for a private, unrestricted lot with tons of potential. Situated on a beautiful, flat 0.82-acre lot, this property features: 2 Homes: A main home with an open layout that could easily be finished into a 4-bedroom residence, and a second building currently being used as a guest house or additional living space. There is part of the home that was originally a mobile home. Abundant Fruit Trees and wildlife, including frequent visits from deer. Privacy & Space – No restrictions, making it perfect for those seeking flexibility and freedom. This is a flipper’s dream – with the right vision, this could be turned into a fantastic income property or personal retreat. The lot is level, usable, and ready for your improvements.
For sale
Price cut: $9.9K (10/16)
$75,000
505 Ray Ln, Ashville, AL 35953
2beds
1,740sqft
Est.:
Single Family Residence
Built in 1969
0.82 Acres Lot
$-- Zestimate®
$43/sqft
$-- HOA
What's special
Open layoutAbundant fruit trees
- 160 days |
- 1,107 |
- 54 |
Zillow last checked: 8 hours ago
Listing updated: January 05, 2026 at 05:42pm
Listed by:
Michelle Greene 205-901-3352,
EXIT Coosa River Realty LLC
Source: GALMLS,MLS#: 21426647
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bedroom, Dining Room, Bathroom, Kitchen, Living/Dining (ROOM)
Bedroom 1
- Level: First
Bedroom 2
- Level: First
Bathroom 1
- Level: First
Dining room
- Level: First
Kitchen
- Features: Laminate Counters, Eat-in Kitchen, Pantry
- Level: First
Basement
- Area: 0
Heating
- Propane, Space Heater
Cooling
- Window Unit(s)
Appliances
- Included: Microwave, Refrigerator, Stove-Gas, Gas Water Heater
- Laundry: Gas Dryer Hookup, Washer Hookup, Main Level, Other, Yes
Features
- Smooth Ceilings, Tub/Shower Combo
- Flooring: Subflooring, Vinyl
- Basement: Crawl Space
- Attic: Pull Down Stairs,Yes
- Number of fireplaces: 1
- Fireplace features: Gas Log, Stone, Living Room, Gas
Interior area
- Total interior livable area: 1,740 sqft
- Finished area above ground: 1,740
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Off Street
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered (DECK), Open (DECK), Deck
- Pool features: None
- Has view: Yes
- View description: None
- Waterfront features: No
Lot
- Size: 0.82 Acres
Details
- Additional structures: Guest House, Workshop
- Parcel number: 1201110001029.000
- Special conditions: As Is
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
Condition
- Fixer
- Year built: 1969
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Ashville
Financial & listing details
- Price per square foot: $43/sqft
- Tax assessed value: $57,890
- Annual tax amount: $131
- Price range: $75K - $75K
- Date on market: 7/30/2025
Estimated market value
Not available
Estimated sales range
Not available
$1,101/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2025 | Price change | $75,000-11.7%$43/sqft |
Source:  GALMLS #21426647 Report a problem | ||
| 8/19/2025 | Listed for sale | $84,900$49/sqft |
Source: GALMLS #21426647 Report a problem | ||
| 8/11/2025 | Contingent | $84,900$49/sqft |
Source: GALMLS #21426647 Report a problem | ||
| 7/30/2025 | Listed for sale | $84,900-49.7%$49/sqft |
Source: GALMLS #21426647 Report a problem | ||
| 6/21/2004 | Sold | $168,675$97/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $131 | $5,780 |
| 2023 | $131 +0.5% | $5,780 +0.3% |
| 2022 | $131 +34.5% | $5,760 +23.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$343/mo
Principal & interest
$291
Home insurance
$26
Property taxes
$26
Climate risks
Neighborhood: 35953
Nearby schools
GreatSchools rating
- 6/10Ashville Middle SchoolGrades: 5-8Distance: 2.3 mi
- 6/10Ashville High SchoolGrades: 9-12Distance: 2.3 mi
- 9/10Ashville Elementary SchoolGrades: PK-4Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Ashville
- Middle: Ashville
- High: Ashville
Source: GALMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Loading
- Loading
