720 Reed St

Asheville, NC 28803

$345,000
Last Sold Price
3
Beds
1,088 Sq. Ft.
$317 / Sq. Ft.
1,088
Sq. Ft.
$317
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 12/18/25
Closed 12/18/25

Description

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...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.
  1. Listed by RE/MAX Executive • brokeralexandra@gmail.com

Property Details for 720 Reed Street

Parking Features
Driveway, On Street, Parking Space(s)
Subdivision Name
Gay Green
LISTING UPDATED: 12/18/2025 03:32 PM

Property Details for 720 Reed Street

StatusClosed
MLS #4320921
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1962
Lot Size0.11 AC / 4,965 SF
CountyBuncombe County
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Location

Listing Courtesy of RE/MAX Executive

Sold By Walnut Cove Realty/Allen Tate/Beverly-Hanks

Add your commute

Building Information for 720 Reed Street

Stories-Year Built1962Building Size-Lot Size0.11 AC / 4,965 SF

Payment Calculator

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$1,879 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,719

Property Taxes

$160

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 720 Reed Street

Summary
Location and General Information
  • Longitude: -82.535894
  • Zoning: HB
  • Latitude: 35.550767
  • Directions: GPS
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $192,600.00
  • Parcel Number: 964784418000000
  • City Taxes Paid To: Asheville
School Information
  • Middle Or Junior School: Valley Springs
  • High School: T.C. Roberson
  • Elementary School: Estes/Koontz
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Elevation: 2000
  • Above Grade Finished Area: 1088.0
  • Below Grade Finished Area: 0.0
  • Sq Ft Lower: 0
  • Sq Ft Main: 1088
  • Sq Ft Third: 0
  • Sq Ft Unheated Basement: 804
  • Sq Ft Unheated Total: 804
  • Sq Ft Upper: 0
  • Sq Ft Total Property HLA: 1088.0
  • Lot Features: Level
  • Lot Size Units: Acres
  • Property Type: Residential
Property and Assessments
  • Geocode Confidence: High
  • Down Payment Resource YN: Yes
  • New Construction YN: No
  • Photos Count: 37
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
  • Plat Book Slide: 154
  • Plat Reference Section Pages: 19
Green Features
  • Green Verification Count: 0
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Fencing: Back Yard, Fenced, Privacy
  • Construction Materials: Wood
  • Patio And Porch Features: Patio
  • Road Surface Type: Gravel, Paved
  • Roof: Architectural Shingle
Interior Features
  • Appliances: Refrigerator
  • Levels: One
  • Cooling: Central Air, Electric
  • Heating: Electric, Heat Pump
  • Interior Features: Cable Prewire, Kitchen Island, Open Floorplan, Storage
  • Laundry Features: In Basement, Lower Level, Washer Hookup
  • Fireplace YN: No
  • Door Features: Sliding Doors
  • Flooring: Tile, Wood
  • Foundation Details: Basement
  • Basement YN: Yes
  • Basement Features: Exterior Entry, Interior Entry, Storage Space, Unfinished, Walk-Out Access, Walk-Up Access
  • Bedroom Main: 3
  • Full Bath Main: 1
  • Half Bath Main: 0
Room Information
Room Information
  • Room Count: 1.0
Room 1
  • Room Types: Primary Bedroom
  • Room Level: Main

Property History for 720 Reed Street

DateEvent & SourcePriceAppreciation
Dec 18, 2025

Closed

CANOPY #4320921

$345,000—
Dec 9, 2025

Closed (Public Record)

Public Record #1923758426

$345,000

+9.1% / yr

Nov 19, 2025

Under Contract-Show

CANOPY #4320921

—
DateEvent & SourcePrice
12/18/2025

Closed

CANOPY #4320921

$345,000
12/09/2025

Closed (Public Record)

Public Record #1923758426

$345,000

+9.1% / yr

11/19/2025

Under Contract-Show

CANOPY #4320921

—

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

Public Records for 720 Reed Street

Taxable ValueLand-Additions-Total-
Tax Record2025$1,918 ($160 / month)
Home Facts
Beds3Baths1Total Finished SqFt924 SqFtAbove Grade Finished SqFt924 SqFtUnfinished Basement SqFt780 SqFtStories1Lot Size11,326 SqFtStyleSingle Family ResidenceYear Built1962ZoningDEED DATE: 08CountyBUNCOMBEAPN9647-84-4180-00000

Schools near 720 Reed Street

This home is within Buncombe County Schools.
Rating
School
Type
Grades
Distance
William W Estes Elementary
Public - PK to 4
Koontz Intermediate School
Public - 5 to 6
Valley Springs Middle
Public - 5 to 8
T C Roberson High
Public - 9 to 12
Rating
School
Distance
William W Estes Elementary
PublicPK to 4

Koontz Intermediate School
Public5 to 6

Valley Springs Middle
Public5 to 8

T C Roberson 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Executive

Based on information submitted to the MLS GRID as of 12/18/2025 03:32 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.