Sold
Last Sold Price
2 beds1,260 sqft$194/sqft
40 Smith Valley Rd, Alexander, NC 28701
Single FamilyProperty Type
5.1 acresLot Size
1958Year Built
$194/sq ftPrice per sq ft

Description

Investors, this fixer upper on 5 acres has over a thousand feet of frontage on Newfound Creek. Located in a pleasant valley North of Asheville, this home sits safely above the creek. The house is in need of repairs and a serious cleaning, so wear your masks and watch your step! There is a shared well with the home next door. Power and water are on. A portion of the 5 acres is in the flood plain. This is a court ordered sale being sold "As-Is" subject to a 10 day upset period. The seller and Listing...Investors, this fixer upper on 5 acres has over a thousand feet of frontage on Newfound Creek. Located in a pleasant valley North of Asheville, this home sits safely above the creek. The house is in need of repairs and a serious cleaning, so wear your masks and watch your step! There is a shared well with the home next door. Power and water are on. A portion of the 5 acres is in the flood plain. This is a court ordered sale being sold "As-Is" subject to a 10 day upset period. The seller and Listing Agent make no representations as to the condition of the home.
  • Listed by: • Pinnacle Lifestyle Realty LLC matt@ncpinnacle.com
Listing closed: 05/25/2023 12:00 AM • Source: CANOPY, MLS#: 4009000

Recent comparable sales

Median sold price

$280,000

Avg days on market

41

Sale-to-list ratio

93.9%

Alexander, NC

9 comparable properties found

$258,000 | 85 Star Flower Road, Alexander, NC 28701
1/40
1

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Sold 08/27/26

3
Bedrooms
1,080
Square Feet
0.48
Acres
a front view of a house with a yard
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2

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Sold 11/25/25

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1,097
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3

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Sold 04/15/25

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Bedrooms
927
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Acres
a view of utility room
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4

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Sold 05/09/25

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Acres
$280,000 | 14 Phoenix Circle, Alexander, NC 28701
1/27
5

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Sold 09/15/25

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Sold 05/11/26

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a front view of a house with a yard
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7

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Sold 12/01/25

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Bedrooms
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Square Feet
0.73
Acres
a view of a house with backyard porch and sitting area
1/34
8

$395,000

Sold 06/06/25

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Bedrooms
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Acres
$475,000 | 869 Jenkins Valley Road, Alexander, NC 28701
1/44
9

$475,000

Sold 03/18/25

2
Bedrooms
2,254
Square Feet
1.14
Acres

Location

Listing Courtesy of Pinnacle Lifestyle Realty LLC

Sold By Lusso Realty, LLC.

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$1,318 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,245

Property Taxes

$73

HOA Dues

$0

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Property Information for 40 Smith Valley Road

Property Details
  • MLS Type: Residential / Single Family Residence
  • Waterfront Features: None
  • Parking Features: Detached Carport
  • Subdivision Name: none
Building Information
  • Year Built: 1958
  • Lot Size: 5.10 AC / 222,156 SF
Summary
Location and General Information
  • Longitude: -82.641344
  • Zoning: OU
  • Latitude: 35.660185
  • Directions: Follow GPS Look for directional sign on Rhymer Rd. as you turn onto Smith Valley Rd. Cross bridge and take a right. Follow path to the end, stay right.
Taxes and HOA Information
  • HOA Subject To: None
  • Tax Assessed Value: $193,400.00
  • Parcel Number: 971185425000000
  • City Taxes Paid To: Alexander
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Above Grade Finished Area: 720.0
  • Below Grade Finished Area: 540.0
  • Sq Ft Lower: 0
  • Sq Ft Main: 720
  • Sq Ft Third: 0
  • Sq Ft Unheated Basement: 180
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 180
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Sq Ft Second Living Quarters: 0.0
  • Sq Ft Second Living Quarters HLA: 0.0
  • Sq Ft Total Property HLA: 1260.0
  • Lot Features: Creek Front, Flood Plain/Bottom Land, Level, Rolling Slope, Wooded
  • Lot Size Units: Acres
  • Property Type: Residential
Property and Assessments
  • Geocode Confidence: High
  • New Construction YN: No
  • Photos Count: 44
  • Road Responsibility: Private Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
  • Plat Reference Section Pages: 0228/0138
Green Features
  • Green Verification Count: 0
Utilities
  • Sewer: Other - See Remarks
  • Water Source: Shared Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stone, Vinyl
  • Road Surface Type: Gravel, Dirt
  • Roof: Composition
  • Other Structures: Other - See Remarks
Interior Features
  • Appliances: None
  • Levels: One
  • Cooling: Other - See Remarks
  • Heating: Other - See Remarks
  • Laundry Features: In Basement
  • Foundation Details: Basement, Slab
  • Basement YN: Yes
  • Basement Features: Daylight, Exterior Entry, Interior Entry, Partially Finished, Walk-Out Access
  • Bedroom Basement: 0
  • Bedroom Lower: 0
  • Bedroom Main: 2
  • Bedroom Second LQ: 0
  • Bedroom Third: 0
  • Bedroom Upper: 0
  • Full Bath Basement: 0
  • Full Bath Lower: 0
  • Full Bath Main: 2
  • Full Bath Second LQ: 0
  • Full Bath Third: 0
  • Full Bath Upper: 0
  • Half Bath Basement: 0
  • Half Bath Lower: 0
  • Half Bath Main: 0
  • Half Bath Second LQ: 0
  • Half Bath Third: 0
  • Half Bath Upper: 0
  • Second Living Quarters: None
Room Information
Room Information
  • Room Count: 7.0
Room 1
  • Room Types: Bedroom(s)
  • Room Level: Main
Room 2
  • Room Types: Bedroom(s)
  • Room Level: Main
Room 3
  • Room Types: Bathroom-Full
  • Room Level: Main
Room 4
  • Room Types: Bathroom-Full
  • Room Level: Main
Room 5
  • Room Types: Kitchen
  • Room Level: Basement
Room 6
  • Room Types: Den
  • Room Level: Basement
Room 7
  • Room Types: Utility Room
  • Room Level: Basement

Property History for 40 Smith Valley Road

DateEvent & SourcePriceAppreciation
May 25, 2023

Closed

CANOPY #4009000

$245,000
Mar 10, 2023

Listed (Active)

CANOPY #4009000

$275,000
Jul 22, 2022

Closed

CANOPY #3834846

$180,000
DateEvent & SourcePrice
05/25/2023

Closed

CANOPY #4009000

$245,000
03/10/2023

Listed (Active)

CANOPY #4009000

$275,000
07/22/2022

Closed

CANOPY #3834846

$180,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 40 Smith Valley Road

Taxable ValueLand-Additions-Total-
Tax Record2025$880 ($73 / month)
Home Facts
Beds2Total Finished SqFt1,260 SqFtAbove Grade Finished SqFt720 SqFtFinished Basement SqFt540 SqFtUnfinished Basement SqFt180 SqFtStories1Lot Size40,946 SqFtStyleSingle Family ResidenceYear Built1958ZoningDEED DATE:05/CountyBUNCOMBEAPN9711-84-4805-00000

Schools near 40 Smith Valley Road

This home is within Buncombe County Schools.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
West Buncombe Elementary
PublicK to 4

Eblen Intermediate School
Public5 to 6

Clyde A Erwin Middle School
Public7 to 8

Clyde A Erwin High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 40 Smith Valley Road, Alexander, NC 28701
$245,000
2
1,260
222,156
$75,000
174,240
1,680
47,480
328,007
$235,000
33,976
$575,000
2
1,401
72,832

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Pinnacle Lifestyle Realty LLC

Based on information submitted to the MLS GRID as of 05/25/2023 06:48 PM. 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. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.