Classic Historic Montford Bungalow walking distance to downtown. Charming front porch overlooking quiet street. Natural light throughout. Great floorplan with 3 large bedrooms and handsome entry/central hall. Hardwood floors, original trim/hardware, wavy glass windows, and fireplace mantels. Tree-lined street with sidewalks. Steps from the Magnolia playground and Reed Creek greenway. Bike/Walk to UNCA Farmers Market and Botanical Gardens. Brand new roof April 2024 with transferable warranty. Newer gas furnace. AC easily can be added for 6K. Owner has invested in unsexy stuff (roof, drainage, foundation) but bath and kitchen await next owners finishing touches. Priced accordingly. Private backyard with tons of potential for landscaping and the possibility of an addition (think big kitchen and second bath). See proposed new survey in attachments. Bones and location can't be beat. Broker owned. Interior photos coming later today.
Closed
$499,000
40 Magnolia Ave, Asheville, NC 28801
3beds
1,250sqft
Single Family Residence
Built in 1920
0.14 Acres Lot
$513,800 Zestimate®
$399/sqft
$2,193 Estimated rent
Home value
$513,800
$488,000 - $545,000
$2,193/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Aviva Pitt Aviva@townandmountain.com,
Town and Mountain Realty
Bought with:
Candy Bearman
Howard Hanna Beverly-Hanks Asheville-Downtown
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4127199
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom s
- Level: Main
Bedroom s
- Level: Main
Bathroom full
- Level: Main
Dining room
- Level: Main
Laundry
- Level: Main
Living room
- Level: Main
Heating
- Baseboard, Central, Natural Gas
Cooling
- Ceiling Fan(s)
Appliances
- Included: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Dryer, Oven, Refrigerator, Washer/Dryer
- Laundry: Mud Room, In Unit, Inside, Laundry Room, Main Level
Features
- Attic Other, Pantry, Walk-In Pantry
- Flooring: Wood, Other
- Doors: Storm Door(s)
- Windows: Storm Window(s), Window Treatments
- Basement: Storage Space,Sump Pump
- Attic: Other
- Fireplace features: Living Room, Primary Bedroom, Other - See Remarks
Interior area
- Total structure area: 1,250
- Total interior livable area: 1,250 sqft
- Finished area above ground: 1,250
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
- Details: Plenty of street parking right in front of home for multiple cars.
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Front Porch, Patio, Porch
- Exterior features: Fire Pit
Lot
- Size: 0.14 Acres
- Features: Cleared, Level, Private
Details
- Parcel number: 964923037700000
- Zoning: RS8
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Wood
- Foundation: Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Montford
Location
- Region: Asheville
Financial & listing details
- Price per square foot: $399/sqft
- Tax assessed value: $286,800
- Annual tax amount: $3,198
- Date on market: 5/11/2024
- Listing terms: Cash,Conventional,Exchange
- Road surface type: None, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2024 | Sold | $499,000+0.8%$399/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4127199 Report a problem | ||
| 5/11/2024 | Listed for sale | $495,000+70.7%$396/sqft |
Source: Canopy MLS as distributed by MLS GRID #4127199 Report a problem | ||
| 2/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/12/2020 | Listing removed | $1,675$1/sqft |
Source: Owner Report a problem | ||
| 6/9/2020 | Listed for rent | $1,675-1.5%$1/sqft |
Source: Owner Report a problem | ||
| 8/16/2018 | Listing removed | $1,700$1/sqft |
Source: Owner Report a problem | ||
| 8/4/2018 | Listed for rent | $1,700$1/sqft |
Source: Owner Report a problem | ||
| 6/4/2018 | Sold | $290,000-11.9%$232/sqft |
Source: Canopy MLS as distributed by MLS GRID #3383763 Report a problem | ||
| 5/7/2018 | Pending sale | $329,000$263/sqft |
Source: Town and Mountain Realty #3383763 Report a problem | ||
| 4/23/2018 | Listed for sale | $329,000$263/sqft |
Source: Town and Mountain Realty #3383763 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,198 +7.5% | $290,100 +1.2% |
| 2024 | $2,973 +2.9% | $286,800 |
| 2023 | $2,889 +1% | $286,800 |
| 2022 | $2,860 | $286,800 |
| 2021 | $2,860 +9.4% | $286,800 +18.2% |
| 2020 | $2,615 | $242,600 |
| 2019 | $2,615 | $242,600 |
| 2018 | $2,615 | $242,600 +49.8% |
| 2017 | $2,615 -0.9% | $162,000 |
| 2016 | $2,639 +32.6% | $162,000 |
| 2015 | $1,991 +1.2% | $162,000 |
| 2014 | $1,967 | $162,000 |
| 2013 | -- | $162,000 +9.6% |
| 2012 | -- | $147,800 |
| 2011 | -- | $147,800 |
| 2010 | -- | $147,800 |
| 2009 | -- | $147,800 |
Find assessor info on the county website
Neighborhood: 28801
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Nearby schools
GreatSchools rating
- 6/10Claxton ElementaryGrades: K-5Distance: 0.5 mi
- 7/10Asheville MiddleGrades: 6-8Distance: 1.1 mi
- 6/10Asheville HighGrades: PK,9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Asheville City
- Middle: Asheville
- High: Asheville
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
$513,800
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Estimated market value
$513,800
- North Carolina
- Buncombe County
- Asheville
- 28801
- 40 Magnolia Ave
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