tomo logo

$2,750,000

Beds
11
Baths
11.5
sq ft
6,450

177 Cumberland Avenue, Asheville, NC 28801

177 Cumberland Avenue

Asheville, NC 28801

  • 122 days on market
    • Price drop $400,000↓
Nestled in the coveted Historic Montford district, this property offers a rare opportunity to own a piece of history on a one acre, flat lot. Designed by the renowned builder Richard Sharp Smith, Senior Supervising Architect of the Biltmore Estate, this home showcases exquisite craftsmanship and timeless elegance. Smith's distinctive style, characterized by pebble-dash exterior and high-pitched roofs, is beautifully preserved in this Arts & Crafts Style house. Smith's influence extends beyond this property to locations throughout Asheville and Western NC. Notable examples include the Basilica of St. Lawrence and the Asheville Masonic Temple, showcasing his unparalleled architectural vision and enduring legacy. Boasting an award-winning bed and breakfast, this meticulously designed estate features a fully equipped commercial kitchen, 8 guest suites and a cottage. This property is perfect for welcoming visitors seeking a tranquil retreat offering a turn key investment opportunity.

Details

Property type

Single Family Residence

Est. home value

$2,143,413

Lot size

Unknown

Price per sq ft

$427

Year built

1901

Price History

06/12/2024
CanopyMLS

CanopyMLS #4116506

Price change
$2,750,000
-12.7%
03/21/2024
CanopyMLS

CanopyMLS #4116506

Listed
$3,150,000
+130.77%
03/27/2018
CanopyMLS

CanopyMLS #3220687

Sold
$1,365,000

Schools & Community

Elementary school: 

Isaac Dickson

Middle school: 

Asheville

High school: 

Asheville

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Navy Fcu

Loan start date

March 2018

Original loan amount

$1,068,750

Est. remaining balance

Not provided

Interest rate

4.32%

Loan type

Not Provided

Seller

Kevin Gero B B Corp

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/07/2024 at 4:45 PM

Listing updated: 06/12/2024 at 8:13 PM

Listed by: Veronica Gentry, Century 21 Connected Phone #: (828) 348-0222

MLS: CanopyMLS #4116506

CanopyMLS logo

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