tomo logo

$3,750,000

Beds
7
Baths
6.5
sq ft
6,566

31 Busbee Road, Asheville, NC 28803

31 Busbee Road

Asheville, NC 28803

  • 403 days on market
    • Price drop $150,000↓
A classical home reimagined for today's lifestyle on a 3.32 acre estate site in coveted Biltmore Forest. Noted Beaux Arts trained architect William Lawrence Bottemly brought his talents to bear as he designed a home for the ages. Gracious formal rooms segue to the kitchen/family room and the main floor master additions designed to create a palette for lives well lived. Sited deep in the Forest just steps from the Cedarcliff gate to the Biltmore Estate the flat open lawns, pond,, cutting garden, parterre garden and woodland paths create a wonderland of nature. In addition to the five bedrooms in the main residence there is a separate guest or staff quarters with a private entrance. Architectural detail is evident throughout the home with its fine moldings, mantels, and abundant french doors from the past as well as modern prismatic skylights channeling the Louvre. Enjoy all this community offers- membership Country Club, private K-12 school, the security of its own police force.

Details

Property type

Single Family Residence

Est. home value

$6,401,691

Lot size

Unknown

Price per sq ft

$572

Year built

1926

Price History

08/30/2024
CanopyMLS

CanopyMLS #4076396

Price change
$3,750,000
-3.85%
05/14/2024
CanopyMLS

CanopyMLS #4076396

Price change
$3,900,000
-11.36%
10/11/2023
CanopyMLS

CanopyMLS #4076396

Listed
$4,400,000

Schools & Community

Elementary school: 

Estes/Koontz

Middle school: 

Charles T Koontz

High school: 

T.C. Roberson

Community features: 

Golf, Playground, 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

First Citizens Bank & Trust Co

Loan start date

March 2010

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

4.32%

Loan type

Credit Line (Revolving)

Seller

Charles D Owen Iii and Eleanor M Owen

Lender

First Citizens Bank & Trust Company

Loan start date

September 2002

Original loan amount

$625,000

Est. remaining balance

Not provided

Interest rate

5.93%

Loan type

Commercial, 15 year

Seller

Charles D Owen Iii and Eleanor M Owen

Lender

Wachovia Mtg Company

Loan start date

October 1998

Original loan amount

$650,000

Est. remaining balance

Not provided

Interest rate

6.87%

Loan type

Commercial, 30 year

Seller

Charles D Owen Iii and Eleanor M Owen

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?

Similar Homes Nearby

Price drop
CanopyMLS
$3,350,000
5 bd
|
6.5 ba
|
4,568 sq ft
|
House

30 Cedarcliff Road, Asheville, NC 28803

CanopyMLS
$3,850,000
3 bd
|
4 ba
|
5,365 sq ft
|
House

89 Chauncey Circle, Asheville, NC 28803

Price drop
CanopyMLS
$3,500,000
4 bd
|
4.5 ba
|
5,194 sq ft
|
House

46 Cedar Hill Drive, Asheville, NC 28803

Status: Active

Tomo last checked: 11/12/2024 at 3:25 PM

Listing updated: 11/07/2024 at 10:35 PM

Listed by: Ann Skoglund, Allen Tate/Beverly-Hanks Asheville-Biltmore Park Phone #: (828) 684-8999

MLS: CanopyMLS #4076396

CanopyMLS logo

Recently listed in Asheville

$529,000|3 bd|2.0 ba|House
$678,000|3 bd|2.5 ba|House
$550,000|3 bd|2.0 ba|House
$350,000|2 bd|2.0 ba|House
$1,950,000|4 bd|3.5 ba|House
$575,000|2 bd|1.0 ba|House
$795,000|4 bd|2.0 ba|House