Investors, this fixer upper on 5 acres has over a thousand feet of frontage on Newfound Creek. Located in a pleasant valley North of Asheville, this home sits safely above the creek. The house is in need of repairs and a serious cleaning, so wear your masks and watch your step! There is a shared well with the home next door. Power and water are on.
A portion of the 5 acres is in the flood plain.
This is a court ordered sale being sold "As-Is" subject to a 10 day upset period. The seller and Listing Agent make no representations as to the condition of the home.
Closed
$245,000
40 Smith Valley Rd, Alexander, NC 28701
2beds
1,260sqft
Single Family Residence
Built in 1958
5.1 Acres Lot
$312,400 Zestimate®
$194/sqft
$1,946 Estimated rent
Home value
$312,400
$269,000 - $366,000
$1,946/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: May 25, 2023 at 03:48pm
Listing Provided by:
Matt Jones matt@ncpinnacle.com,
Pinnacle Lifestyle Realty LLC
Bought with:
Scott Angelo
Lusso Realty
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4009000
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Bedroom s
- Level: Main
Bedroom s
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Den
- Level: Basement
Kitchen
- Level: Basement
Utility room
- Level: Basement
Heating
- Other
Cooling
- Other
Appliances
- Included: None
- Laundry: In Basement
Features
- Basement: Daylight,Exterior Entry,Interior Entry,Partially Finished,Walk-Out Access
Interior area
- Total structure area: 720
- Total interior livable area: 1,260 sqft
- Finished area above ground: 720
- Finished area below ground: 540
Property
Parking
- Parking features: Detached Carport
- Has carport: Yes
Features
- Levels: One
- Stories: 1
- Waterfront features: None, Creek
Lot
- Size: 5.10 Acres
- Features: Flood Plain/Bottom Land, Level, Rolling Slope, Wooded
Details
- Additional structures: Other
- Parcel number: 971185425000000
- Zoning: OU
- Special conditions: Third Party Approval
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stone, Vinyl
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Other - See Remarks
- Water: Shared Well
Community & neighborhood
Location
- Region: Alexander
- Subdivision: none
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Gravel, Dirt
Price history
| Date | Event | Price |
|---|---|---|
| 5/25/2023 | Sold | $245,000-10.9%$194/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4009000 Report a problem | ||
| 3/10/2023 | Listed for sale | $275,000+52.8%$218/sqft |
Source: Canopy MLS as distributed by MLS GRID #CAR4009000 Report a problem | ||
| 7/22/2022 | Sold | $180,000$143/sqft |
Source: Canopy MLS as distributed by MLS GRID #3834846 Report a problem | ||
| 4/18/2022 | Pending sale | $180,000$143/sqft |
Source: Canopy MLS as distributed by MLS GRID #3834846 Report a problem | ||
| 3/25/2022 | Price change | $180,000-28%$143/sqft |
Source: Canopy MLS as distributed by MLS GRID #3834846 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $880 +6.7% | $126,300 |
| 2024 | $824 -32.7% | $126,300 -34.7% |
| 2023 | $1,224 -25.1% | $193,400 -26.3% |
Find assessor info on the county website
Neighborhood: 28701
Nearby schools
GreatSchools rating
- 1/10Eblen Intermediate SchoolGrades: 5-6Distance: 3.1 mi
- 6/10Clyde A Erwin Middle SchoolGrades: 7-8Distance: 3 mi
- 3/10Clyde A Erwin HighGrades: PK,9-12Distance: 3 mi
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- North Carolina
- Buncombe County
- Alexander
- 28701
- 40 Smith Valley Rd