Investor/Flipper Special – 2 Homes on One Lot! Sold AS-IS, Where-Is – This property is a rare find for investors, flippers, or anyone looking for a private, unrestricted lot with tons of potential. Situated on a beautiful, flat 0.82-acre lot, this property features: 2 Homes: A main home with an open layout that could easily be finished into a 4-bedroom residence, and a second building currently being used as a guest house or additional living space. There is part of the home that was originally a mobile home. Abundant Fruit Trees and wildlife, including frequent visits from deer. Privacy & Space – No restrictions, making it perfect for those seeking flexibility and freedom. This is a flipper’s dream – with the right vision, this could be turned into a fantastic income property or personal retreat. The lot is level, usable, and ready for your improvements.
For sale
$75,000
505 Ray Ln, Ashville, AL 35953
2beds
1,740sqft
Est.:
Other
Built in 1969
0.82 Acres Lot
$-- Zestimate®
$43/sqft
$-- HOA
What's special
Abundant fruit trees
- 213 days |
- 1,448 |
- 54 |
Zillow last checked: 8 hours ago
Listed by:
Michelle Greene,
EXIT COOSA RIVER REALTY
Source: EXIT Realty broker feed,MLS#: 21426647
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Other, Propane
Cooling
- Other
Features
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 1,740
- Total interior livable area: 1,740 sqft
Video & virtual tour
Property
Lot
- Size: 0.82 Acres
Details
- Parcel number: 1201110001029000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Other
Condition
- Year built: 1969
Community & HOA
Location
- Region: Ashville
Financial & listing details
- Price per square foot: $43/sqft
- Tax assessed value: $57,890
- Annual tax amount: $131
- Date on market: 7/30/2025
- Lease term: Contact For Details
Estimated market value
Not available
Estimated sales range
Not available
$1,117/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2025 | Price change | $75,000-11.7%$43/sqft |
Source: | ||
| 8/19/2025 | Listed for sale | $84,900$49/sqft |
Source: | ||
| 8/11/2025 | Contingent | $84,900$49/sqft |
Source: | ||
| 7/30/2025 | Listed for sale | $84,900-49.7%$49/sqft |
Source: | ||
| 6/21/2004 | Sold | $168,675$97/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $131 | $5,780 |
| 2023 | $131 +0.5% | $5,780 +0.3% |
| 2022 | $131 +34.5% | $5,760 +23.1% |
| 2021 | $97 | $4,680 |
| 2020 | $97 | $4,680 |
| 2019 | $97 | $4,680 |
| 2018 | $97 | $4,680 |
| 2017 | -- | $4,680 |
| 2016 | -- | $4,680 +1.3% |
| 2015 | $93 | $4,620 +1.3% |
| 2014 | $93 | $4,560 |
| 2013 | -- | $4,560 |
| 2012 | -- | $4,560 |
| 2011 | -- | $4,560 +2.7% |
| 2010 | -- | $4,440 |
| 2009 | -- | $4,440 |
| 2008 | -- | $4,440 -16.9% |
| 2006 | -- | $5,340 |
| 2005 | -- | $5,340 +22.5% |
| 2004 | -- | $4,360 |
| 2003 | $90 | $4,360 |
| 2002 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$413/mo
Principal & interest
$387
Property taxes
$26
Climate risks
Neighborhood: 35953
Nearby schools
GreatSchools rating
- 6/10Ashville Middle SchoolGrades: 5-8Distance: 2.3 mi
- 6/10Ashville High SchoolGrades: 9-12Distance: 2.3 mi
- 9/10Ashville Elementary SchoolGrades: PK-4Distance: 2.4 mi





