Sold
Last Sold Price
5 beds1,639 sqft$113/sqft
543 Bailey Rd, Asheville, NC 28806
0.48 acresLot Size
1962Year Built
$113/sq ftPrice per sq ft

Description

Seller say sell it now! Cash, as-is $199,500 Investment opportunity in West Asheville. Two units on .48 acres with potential for $2,000/month gross income. All appliances included with both units, including washers and dryers. Three bedroom home roof is 2 years old and 2 bedroom home has 5 year old roof. Tenants in place with month to month lease. County taxes and just outside of the city for guaranteed rental occupancy. One of the few multi family income producing properties left so close to town,...Seller say sell it now! Cash, as-is $199,500 Investment opportunity in West Asheville. Two units on .48 acres with potential for $2,000/month gross income. All appliances included with both units, including washers and dryers. Three bedroom home roof is 2 years old and 2 bedroom home has 5 year old roof. Tenants in place with month to month lease. County taxes and just outside of the city for guaranteed rental occupancy. One of the few multi family income producing properties left so close to town, on a quiet dead-end road.
  • Listed by: • Keller Williams - Weaverville
Listing closed: 02/24/2022 12:00 AM • Source: CANOPY, MLS#: 3711014

Recent comparable sales

Median sold price

$340,000

Avg days on market

96

Sale-to-list ratio

90.8%

Asheville, NC

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Location

Listing Courtesy of Keller Williams - Weaverville

Sold By Keller Williams Professionals

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$1,003 per month

30 year fixed, 6.55% Interest

Principal and Interest

$940

Property Taxes

$63

HOA Dues

$0

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Property Information for 543 Bailey Road

Property Details
  • MLS Type: Sale / Residential / Building / 4 / 2
  • Zoning Description: OU
  • Parking Features: Driveway
  • Subdivision Name: None
Building Information
  • Year Built: 1962
  • Lot Size: 0.48 AC / 20,908 SF
Summary
Location and General Information
  • Longitude: -82.639243
  • Geocode Source: Manual
  • Latitude: 35.587542
  • Directions: Follow Patton Avenue to Right on Johnston Blvd. Follow for approx. 2 mile. Turn left onto Cedar Hill Road. Turn right onto Bailey Road. #543 is on the right.
  • Zoning NCM: OU
Taxes and HOA Information
  • HOA Subject To: None
  • HOA Subject To Dues: No
  • Tax Assessed Value: $130,300.00
  • Parcel Number: 9618-88-2528-00000
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Garage Main Level YN: No
Property
Lot Information
  • Structure Type: Other
  • Below Grade Finished Area: 0.0
  • Lot Features: Level, Mountain View, Wooded
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • New Construction YN: No
  • Photos Count: 24
  • Road Responsibility: Public Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Number Of Completed Units Total: 2
  • Permit Syndication: Yes
  • Proposed Special Assessment: No
Utilities
  • Sewer: Septic Installed
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Porch: Covered,Front
  • Exterior Features: Outbuilding(s)
  • Construction Materials: Wood Siding
  • Road Surface Type: Gravel
Interior Features
  • Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer
  • Water Heater: Electric
  • Heating: Baseboard, Propane, Wall Unit(s)
  • Laundry Features: Main Level
  • Fireplace YN: No
  • Flooring: Laminate, Vinyl
  • Foundation Details: Crawl Space
Multi Family
Multi-Family Information
  • Unit Count: 2
  • Number Of Units Total: 2
Unit 1
  • Baths Full: 1
  • Baths Half: 0
  • Beds Total: 2
  • SqFt Total: 689
  • Unit Rooms: Kitchen,Living Room
Unit 2
  • Baths Full: 1
  • Baths Half: 0
  • Beds Total: 3
  • SqFt Total: 950
  • Unit Rooms: Dining Room,Kitchen
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Rent Includes: None
  • Pets Allowed: Yes

Property History for 543 Bailey Road

DateEvent & SourcePriceAppreciation
Feb 24, 2022

Closed

CANOPY #3711014

$185,000
Feb 17, 2022

Closed (Public Record)

Public Record #1484146021

$185,000

+1.4% / yr

Dec 1, 2021

Under Contract-No Show

CANOPY #3711014

DateEvent & SourcePrice
02/24/2022

Closed

CANOPY #3711014

$185,000
02/17/2022

Closed (Public Record)

Public Record #1484146021

$185,000

+1.4% / yr

12/01/2021

Under Contract-No Show

CANOPY #3711014

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

Public Records for 543 Bailey Road

Taxable ValueLand-Additions-Total-
Tax Record2025$754 ($63 / month)
Home Facts
Baths2Total Finished SqFt1,080 SqFtAbove Grade Finished SqFt1,080 SqFtStories1Lot Size20,909 SqFtStyleMulti-Family Dwelling (2-4)Year Built2025ZoningDEED DATE: 20CountyBUNCOMBEAPN9618-88-2528-00000

Schools near 543 Bailey Road

This home is within Buncombe County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Johnston Elementary
PublicPK 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: 543 Bailey Road, Asheville, NC 28806
$185,000
5
1,639
20,908
11,761
$112,000
3
14,810
9,583
$150,000
9,583
$13,500
2
2
1,568
28,750

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.

Listing Courtesy of Keller Williams - Weaverville

Based on information submitted to the MLS GRID as of 05/18/2022 06:05 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.