tomo logo

$2,550,000

Beds
9
Baths
9.5
sq ft
5,000

288 Montford Avenue, Asheville, NC 28801

288 Montford Avenue

Asheville, NC 28801

  • 418 days on market
Licensed and operated as a "Commercial" Bed & Breakfast Inn. This 9 bedroom property has 6 bedrooms in the and 2 bedrooms in Cottage. Additionally, there is a 1 bedroom suite in the Cottage for the Owner and or managing Innkeeper. This Historic structure is one of the most significant structures in the City of Asheville located in the center of the Montford Historic District. Although considered a medium sized Bed & Breakfast this structure would be a very large Single family home. Black Walnut Bed & Breakfast Inn was designed and built by the supervising architect for The Biltmore Estate, Richard Sharp-Smith, in 1899. The Inn is beautifully maintained and has retained its historic character and charm, with half-timbering pebbledash walls, original diamond-paned windows and corner turret. Modern improvements such as air conditioning, Wi-FI, and private bath en-suites, have been added to the Inn without sacrificing the original quality, workmanship, and details.

Details

Property type

Single Family Residence

Est. home value

$3,383,901

Lot size

Unknown

Price per sq ft

$510

Year built

1899

Price History

01/30/2025
CanopyMLS

CanopyMLS #4092198

Listed
$2,550,000
04/18/2024
CanopyMLS

CanopyMLS #4092198

Pending
$2,550,000
01/10/2024
CanopyMLS

CanopyMLS #4092198

Listed
$2,550,000

Schools & Community

Elementary school: 

Asheville City

Middle school: 

Asheville

High school: 

Asheville

Community features: 

Playground, Sidewalks, Street Lights

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

Business Expansion Funding Corp

Loan start date

May 2020

Original loan amount

$746,000

Est. remaining balance

Not provided

Interest rate

3.65%

Loan type

SBA Participation Trust Deed

Seller

The Tangas Corporation

Lender

Aquesta Bank

Loan start date

December 2019

Original loan amount

$1,206,500

Est. remaining balance

Not provided

Interest rate

3.78%

Loan type

Future Advance Clause / Open End Mortgage

Seller

The Tangas Corporation

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: 02/23/2025 at 3:25 AM

Listing updated: 02/06/2025 at 1:45 PM

Listed by: Rob Sales, Berkshire Hathaway HomeServices Great Smokys Rlty Phone #: (828) 788-0404

MLS: CanopyMLS #4092198

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