Asheville · Asheville, NC
501 Fairview Road
Asheville, NC · 1,304 sqft
$349,000
Reduced from $425,000
- 3Beds
- 3Baths
- 1,304SqFt
- 1954Year
- 75Days on market
About this home
PRICE REDUCED! $10,000 SELLER CREDIT OFFERED AT CLOSING!
First-time buyers and investors—this one deserves a closer look! A rare 3-bedroom, 3-bath opportunity in Oakley priced under $400K, offering an attractive entry point into the Asheville market without giving up the space you need.
For the first-time buyer, the $10,000 seller credit can help with closing costs, prepaid expenses, or other upfront costs, making homeownership a little more attainable. Plus, major recent updates—including a brand-new HVAC system and new carpeting in all three bedrooms—mean fewer immediate big-ticket expenses to worry about.
For the investor or value-minded buyer, the property's 3-bed/3-bath layout, dedicated parking, private access, and expansive lower-level basement create plenty of possibilities. Use the basement as a workshop, storage, home gym, or explore the potential for future finished space and added value, subject to permitting and buyer verification.
Set quietly off the street, the home offers a sense of privacy while remaining incredibly convenient. The shared driveway provides off-street parking for up to 3 vehicles, while the low-maintenance grounds make ownership and upkeep more manageable.
And the location? You’re close to some of Asheville's most desirable destinations, with easy access to I-240, Downtown Asheville, and historic Biltmore Village.
Whether you're looking for your first home, an opportunity to build equity, or a property with investment potential, this is a compelling combination of price, space, updates, location, and flexibility.
With the price reduction AND $10,000 seller credit, now is the time to take another look. Schedule your private tour today and see the possibilities for yourself!
Property details
- Beds
- 3
- Baths
- 3
- SqFt
- 1,304
- Lot
- —
- Year built
- 1954
- Type
- Single Family
- Days on market
- 75
- Heating
- Electric, Natural Gas
- Cooling
- Electric
- Foundation
- Basement
- Flooring
- Carpet, Tile
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$2,525/ month
- Principal & interest
- $2,161
- Property tax (~0.90%)
- $261
- Homeowners insurance
- $101
- HOA dues
- —
Down payment
$17,450 down · $331,550 financed
Income to qualify (28% rule)
~$108,214 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.