Closed
$345,000
720 Reed St, Asheville, NC 28803
3beds
1,088sqft
Single Family Residence
Built in 1962
0.11 Acres Lot
$343,800 Zestimate®
$317/sqft
$2,028 Estimated rent
Home value
$343,800
$327,000 - $361,000
$2,028/mo
Zestimate® history
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What's special
Exceptional Live/Work Opportunity with Built-In Value Add in Highway Business Zoning. Some properties simply exist and then there are the ones that feel like they’re already humming with possibility the moment you pull in. This South Asheville gem is the latter: a rare blend of flexibility, function, and future potential that invites you to imagine not just how you’ll live here, but how you’ll grow here. Zoned Highway Business (HB), it’s a truly versatile find for business owners, investors, or anyone seeking a dynamic live/work lifestyle. With multiple entrances, two separate parking areas, and a thoughtfully segmented layout, it’s built for dual use without compromising comfort. You’re greeted by fresh paint and new double-pane vinyl windows, offering both efficiency and a crisp, updated feel. The kitchen, refreshed within the past decade, features modern cabinetry, generous storage, and an intuitive flow into the main living and dining spaces. Warm, bright, and welcoming in that quietly confident way. Just beyond, an unexpected twist in the floorplan reveals a private wing with its own exterior access. A home office tucked away for focus, a workspace, an art studio where ideas take shape, or a mini suite for a small business seeking visibility and convenience. Here, the line between home and work doesn’t blur, it becomes beautifully intentional. Downstairs, the unfinished walkout basement, already plumbed for a full bathroom, offers the kind of value-add that savvy buyers dream about. Imagine expanding your living space, creating a rental unit, or building out a dedicated business zone with easy access. It’s potential in its purest form. Whether you picture a boutique office that draws in passerby, a creative studio bathed in natural light, or an income-producing setup that supports your long-term goals, this property stands ready. With modern updates, a highly functional layout, and rare commercial zoning, it offers more than a place to land, it offers a canvas for your next chapter.
Zillow last checked: 8 hours ago
Listing updated: December 18, 2025 at 12:32pm
Listing Provided by:
Alexandra Schrank brokeralexandra@gmail.com,
RE/MAX Executive
Bought with:
Sharon Sweeney
Walnut Cove Realty/Allen Tate/Beverly-Hanks
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4320921
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Heating
- Electric, Heat Pump
Cooling
- Central Air, Electric
Appliances
- Included: Refrigerator
- Laundry: In Basement, Lower Level, Washer Hookup
Features
- Kitchen Island, Open Floorplan, Storage
- Flooring: Tile, Wood
- Doors: Sliding Doors
- Basement: Exterior Entry,Interior Entry,Storage Space,Unfinished,Walk-Out Access,Walk-Up Access
Interior area
- Total structure area: 1,088
- Total interior livable area: 1,088 sqft
- Finished area above ground: 1,088
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, On Street, Parking Space(s)
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Fencing: Back Yard,Fenced,Privacy
Lot
- Size: 0.11 Acres
- Features: Level
Details
- Parcel number: 964784418000000
- Zoning: HB
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Cable Available, Electricity Connected
Community & neighborhood
Location
- Region: Asheville
- Subdivision: Gay Green
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Gravel, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2025 | Sold | $345,000+3%$317/sqft |
Source: | ||
| 11/17/2025 | Listed for sale | $335,000+137.6%$308/sqft |
Source: | ||
| 9/11/2015 | Sold | $141,000+0.7%$130/sqft |
Source: | ||
| 6/15/2015 | Listed for sale | $140,000-6.6%$129/sqft |
Source: Town and Mountain Realty #587054 Report a problem | ||
| 5/1/2009 | Listing removed | $149,900$138/sqft |
Source: Listhub #428373 Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Neighborhood: 28803
Nearby schools
GreatSchools rating
- 4/10William W Estes ElementaryGrades: PK-5Distance: 4.4 mi
- 9/10Valley Springs MiddleGrades: 5-8Distance: 4.6 mi
- 7/10T C Roberson HighGrades: PK,9-12Distance: 4.5 mi
Schools provided by the listing agent
- Elementary: Estes/Koontz
- Middle: Valley Springs
- High: T.C. Roberson
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.
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Estimated market value
$343,800
