tomo logo

$2,850,000

Beds
18
Baths
16.0
sq ft
9,177

346 Weaverville Road, Asheville, NC 28804

346 Weaverville Road

Asheville, NC 28804

  • 160 days on market
    • Price drop $310,000↓
Indulge your nostalgia at The Pines Cottages, a cottage court that has attracted visitors since 1929. Many updates and renovations keep these rustic cottages comfortable and accommodating for modern travelers. During a time when short-term rental investing restrictions have been proposed and implemented, TAKE this chance to roll your investments into a haven of opportunities. A discerning investor will make this addition to their portfolio. This Short Term Rental Community has CS commercial zoning offering a variety of uses. Near the French Broad River Greenway and UNC Asheville, The Pines is a 10-minute drive to downtown Asheville. Value-add potential. 1 mile away from a $ 20 million Short Term Rental Neighborhood. Easy access to I26 and Merrimon Ave. Public utilities. Substantial road frontage. Upside through renovation, expansion, or redevelopment which the Woodfin Planning Board supports; density can be increased. Public utilities. Ask about owner financing and watch the tour.

Details

Property type

Apartment

Est. home value

$1,325,147

Lot size

Unknown

Price per sq ft

$311

Year built

1929

Price History

05/24/2024
CanopyMLS

CanopyMLS #4103727

Price change
$2,850,000
-9.81%
01/29/2024
CanopyMLS

CanopyMLS #4103727

Listed
$3,160,000

Schools & Community

Elementary school: 

Weaverville/N. Windy Ridge

Middle school: 

North Buncombe

High school: 

North Buncombe

Number of units in community: 

16

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

Gayland G Bird

Loan start date

December 2001

Original loan amount

$275,000

Est. remaining balance

Not provided

Interest rate

6.45%

Loan type

Seller take-back, 30 year

Seller

Shu Drop Inn Llc

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?

Status: Active

Tomo last checked: 07/07/2024 at 5:40 PM

Listing updated: 07/01/2024 at 2:43 PM

Listed by: Alexandra Schrank, RE/MAX Executive Phone #: (828) 670-1500

MLS: CanopyMLS #4103727

CanopyMLS logo

Recently listed in Asheville

$789,000|5 bd|3.5 ba|House
$614,900|3 bd|2.0 ba|House
$595,000|4 bd|4.0 ba|House
$485,000|3 bd|3.0 ba|Townhouse
$735,000|4 bd|3.0 ba|House
$375,000|3 bd|2.0 ba|House