This lovely brick and cedar-shingle ranch home, located just 15 minutes SE of downtown Asheville, sits on a mostly wooded 1.03 acre lot in the Reynolds Community. The immediate neighborhood is rural with a 50-acre horse ranch surrounding the property on three sides. The main home has 2 bedrooms and 2 full baths all on the main level with a full drive-in basement below. Recent upgrades include: new metal roof, well pump, AC unit, and septic upgrade. Also included with this property is a 480 sq. ft. guest cottage. Both the main home and the guest cottage have been used as successful short term rentals in the recent past. Furnishings can convey with both the home and cottage. This is a unique opportunity as a family compound, multiple short or long term rentals, or live in the main house and rent out the guest cottage for supplemental income. Seller will consider owner financing for a qualified buyer with a 20% down payment.
Closed
$500,000
281 Rose Hill Rd, Asheville, NC 28803
3beds
1,937sqft
Single Family Residence
Built in 1957
1.03 Acres Lot
$494,000 Zestimate®
$258/sqft
$2,829 Estimated rent
Home value
$494,000
$469,000 - $519,000
$2,829/mo
Zestimate® history
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$2,941/mo
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List your homeWhat's special
Full drive-in basementNew metal roof
Zillow last checked:
Listing updated:
Listed by:
Bill Palas bpalas@bellsouth.net,
Appalachian Realty Associates
Bought with:
Mike Blumenfeld
Howard Hanna Beverly-Hanks Freestone Properties
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4381994
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom s
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Central, Electric, Heat Pump, Propane
Cooling
- Central Air, Ductless
Appliances
- Included: Dishwasher, Refrigerator
- Laundry: Mud Room, Main Level, Washer Hookup
Features
- Open Floorplan, Walk-In Closet(s), Total Primary Heated Living Area: 1457
- Flooring: Tile, Wood
- Basement: Basement Garage Door,Basement Shop,Exterior Entry,Full,Storage Space
Interior area
- Total structure area: 1,457
- Total interior livable area: 1,937 sqft
- Finished area above ground: 1,457
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Basement, Driveway, Garage Faces Side
- Garage spaces: 1
- Uncovered spaces: 5
- Details: Basement has a garage door
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck, Porch, Side Porch
Lot
- Size: 1.03 Acres
- Dimensions: 205 x 215
- Features: Level, Wooded
Living quarters
- Secondary living space: 480 sqft
- Secondary features: Guest House
Details
- Additional structures: Other
- Parcel number: 966649006300000
- Zoning: R-LD
- Special conditions: Standard
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick Partial, Cedar Shake
- Roof: Fiberglass,Metal
Condition
- New construction: No
- Year built: 1957
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
- Utilities for property: Cable Available, Electricity Connected, Propane
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: none
Location
- Region: Asheville
- Elevation: 2000 Feet
Financial & listing details
- Price per square foot: $258/sqft
- Tax assessed value: $650,800
- Annual tax amount: $2,300
- Date on market: 5/19/2026
- Cumulative days on market: 4 days
- Listing terms: Cash,Conventional,Owner Financing
- Electric utility on property: Yes
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Sold | $500,000+0.3%$258/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4381994 Report a problem | ||
| 5/23/2026 | Pending sale | $498,600$257/sqft |
Source: Canopy MLS as distributed by MLS GRID #4381994 Report a problem | ||
| 5/19/2026 | Listed for sale | $498,600+149.5%$257/sqft |
Source: Canopy MLS as distributed by MLS GRID #4381994 Report a problem | ||
| 2/28/2018 | Sold | $199,800+81.6%$103/sqft |
Source: Canopy MLS as distributed by MLS GRID #3357764 Report a problem | ||
| 10/4/2000 | Sold | $110,000$57/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,300 +7.6% | $339,400 |
| 2024 | $2,138 +3.2% | $339,400 |
| 2023 | $2,072 +1.7% | $339,400 |
| 2022 | $2,038 | $339,400 |
| 2021 | $2,038 +11.8% | $339,400 +21.4% |
| 2020 | $1,822 | $279,500 |
| 2019 | $1,822 | $279,500 |
| 2018 | $1,822 | $279,500 +16.8% |
| 2017 | $1,822 | $239,400 |
| 2016 | $1,822 +6.2% | $239,400 |
| 2015 | $1,717 | $239,400 |
| 2014 | $1,717 | $239,400 |
| 2013 | -- | $239,400 -0.3% |
| 2012 | -- | $240,100 |
| 2011 | -- | $240,100 |
| 2010 | -- | $240,100 |
| 2009 | -- | $240,100 +134.5% |
| 2001 | -- | $102,400 |
Find assessor info on the county website
Neighborhood: 28803
Nearby homes
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Nearby schools
GreatSchools rating
- 3/10Oakley ElementaryGrades: PK-5Distance: 2.4 mi
- 8/10A C Reynolds MiddleGrades: 6-8Distance: 0.7 mi
- 8/10A C Reynolds HighGrades: PK,9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Oakley
- Middle: AC Reynolds
- High: AC Reynolds
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
$494,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$494,000
- North Carolina
- Buncombe County
- Asheville
- 28803
- 281 Rose Hill Rd
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