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  • Price cut: $16K (7/22)
    $849,000

    32 Franklin Farm Rd, Fletcher, NC 28732

    3beds
    3,670sqft
    : 
    $5,236/mo
    Get pre-qualified
    Single Family Residence
    Built in 1992
    1.86 Acres Lot
    $830,500 Zestimate®
    $231/sqft
    $83/mo HOA

    What's special

    Private entranceFully finished walk-out basementLarge versatile bonus roomDedicated home officeElevated deckThree spacious bedroomsSecond kitchen
    Set on nearly 2 acres in the highly sought-after Franklin Farm community, this expansive 3,600 sq ft home delivers a rare blend of privacy, versatility, and modern convenience—just minutes from South Asheville’s shopping, dining, and amenities. What truly makes this property stand out is its fully finished, walk-out basement featuring its own private entrance and a second kitchen. This spacious lower level is ideal for multigenerational living, offering parents or in-laws their own private suite complete with living area, full bath, and kitchen facilities. The separate entrance and self-contained layout also create excellent income potential as a short-term rental, long-term guest quarters, or even a private in-law apartment—perfect for families who want everyone together yet independent. On the main level, the thoughtfully designed layout welcomes you with a formal dining room, a dedicated home office, and a cozy den that flows seamlessly onto an elevated deck. Enjoy peaceful views of the wooded surroundings and open space beyond while sipping morning coffee or entertaining friends. The well-appointed kitchen and generous living spaces make everyday life effortless and enjoyable. Upstairs, you’ll discover three spacious bedrooms and a large versatile bonus room that can easily serve as a media room, home gym, craft space, or additional home office. Outside, the large, usable yard is framed by mature trees and offers plenty of room for gardening, play, or outdoor gatherings—something increasingly rare this close to town. Additional features include a two-car garage, abundant storage, and functional living space across all three levels. This exceptional home provides the perfect balance of Western North Carolina lifestyle and long-term flexibility. Whether you’re looking for room to grow with extended family or the opportunity to generate supplemental income, this Franklin Farm gem delivers outstanding value in a location you’ll love coming home to every day.
    114 days
    |
    720
    |
    43
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    Zillow last checked:

    Listing updated:

    Listed by:

    John Ellis john@walnutcoverealty.com,

    Walnut Cove Realty/Allen Tate/Beverly-Hanks

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4366172MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: Upper
      Heating
      • Central, Heat Pump
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Exhaust Hood, Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer
      • Laundry: Laundry Room, Main Level
      Features
      • Storage, Walk-In Closet(s)
      • Flooring: Tile, Vinyl, Wood
      • Basement: Exterior Entry,Finished,Interior Entry,Storage Space,Walk-Out Access
      • Fireplace features: Bonus Room, Gas Log, Living Room, Primary Bedroom
      Interior area
      • Total structure area: 2,805
      • Total interior livable area: 3,670 sqft
      • Finished area above ground: 2,805
      • Finished area below ground: 865

      Property

      Parking
      • Total spaces: 2
      • Parking features: Driveway, Attached Garage, Garage on Main Level
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck
      • Exterior features: Fire Pit
      • Fencing: Back Yard,Invisible
      Lot
      • Size: 1.86 Acres
      • Features: Sloped, Wooded
      Living quarters
      • Secondary features: Interior Connected,Separate Entrance,Separate Kitchen Facilities
      Details
      • Parcel number: 967469071600000
      • Zoning: OU
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Hardboard Siding
      Condition
      • New construction: No
      • Year built: 1992

      Utilities & green energy

      • Sewer: Septic Installed
      • Water: Well
      • Utilities for property: Underground Utilities

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      • Subdivision: Franklin Farm
      HOA
      • Has HOA: Yes
      • HOA fee: $1,000 annually
      • HOA name: Franklin Farm HOA
      • HOA phone: 828-301-9887
      Location
      • Region: Fletcher
      • Elevation: 2000 Feet

      Financial & listing details

      • Price per square foot: $231/sqft
      • Tax assessed value: $514,900
      • Annual tax amount: $3,638
      • Date on market: 4/9/2026
      • Cumulative days on market: 114 days
      • Listing terms: Cash,Conventional
      • Exclusions: Dining Room Chandelier
      • Road surface type: Concrete, Paved

        Estimated market value

        $830,500

        $789,000 - $872,000

        $5,155/mo

        Price history

        DateEventPrice
        7/22/2026Price change$849,000-1.8%$231/sqft
        Source: Canopy MLS as distributed by MLS GRID #4366172 Report a problem
        7/5/2026Price change$865,000-1.6%$236/sqft
        Source: Canopy MLS as distributed by MLS GRID #4366172 Report a problem
        6/9/2026Price change$879,000-2.2%$240/sqft
        Source: Canopy MLS as distributed by MLS GRID #4366172 Report a problem
        5/15/2026Price change$899,000-2.3%$245/sqft
        Source: Canopy MLS as distributed by MLS GRID #4366172 Report a problem
        5/7/2026Price change$920,000-2.1%$251/sqft
        Source: Canopy MLS as distributed by MLS GRID #4366172 Report a problem
        4/9/2026Listed for sale$940,000+102.2%$256/sqft
        Source: Canopy MLS as distributed by MLS GRID #4366172 Report a problem
        9/25/2019Sold$465,000+22.4%$127/sqft
        Source: Canopy MLS as distributed by MLS GRID #3536558 Report a problem
        11/4/2005Sold$380,000+31.3%$104/sqft
        Source: Public Record Report a problem
        5/27/1999Sold$289,500$79/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,638 +4.3%$514,900
        2024$3,489 +5.4%$514,900
        2023$3,311 +1.6%$514,900
        2022$3,259 $514,900
        2021$3,259 +7.1%$514,900 +14%
        2020$3,043 +9.2%$451,500 +9.2%
        2019$2,786 $413,400
        2018$2,786 +4.7%$413,400 +9.1%
        2017$2,662 $378,900
        2016$2,662 -0.9%$378,900
        2015$2,686 $378,900
        2014$2,686 $378,900
        2013-- $378,900 -11.1%
        2012-- $426,300
        2011-- $426,300
        2010-- $426,300 +1.5%
        2009-- $420,200
        2007-- $420,200 +17.9%
        2005-- $356,300
        2004-- $356,300
        2003-- $356,300
        2002-- $356,300 +28.5%
        2001-- $277,200
        2000-- $277,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 28732

        Getting around

        8 / 100
        Car-Dependent
        22 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Fairview
        • Middle: Cane Creek
        • 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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