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Mills River · Mills River, NC

86 Sterling Drive

Mills River, NC · 1,094 sqft

$299,000

Reduced from $329,000

  • 3Beds
  • 1Baths
  • 1,094SqFt
  • 1965Year
  • 33Days on market

About this home

BACK ON THE MARKET — $20,000 PRICE REDUCTION!

Great news for buyers! The previous buyers changed their minds about the location, giving you another opportunity to purchase this rare, one-of-a-kind Mills River property. During their due diligence, both buyers and sellers gained valuable additional information about the property and its potential.

NEW INFORMATION: Inspections confirmed two septic systems—one serving the main house and one serving the mobile homes. The existing concrete septic tanks are old and need to be replaced. Estimates for approximately $15,000 in replacement work are available. The new Trailer systems would be for a total of 4 bedrooms. The water well is working, although the supply line is currently broken. A video of the well is available. A home inspection report is also available, providing additional information about the condition of the main house, which is generally consistent with what can be seen during a visit.

To help address the needed updates, the property is now offered with a $20,000 price reduction, making this an excellent opportunity for a buyer ready to renovate and bring their vision to life.

86 Sterling Drive offers an exceptional combination of location, usable land, multiple homesites, and potential. Whether you're looking for a primary residence, mountain retreat, family compound, or investment property, opportunities like this are increasingly difficult to find.

The property features a single-level ranch home with 3 bedrooms, 1 full bath, and a covered front porch. The level lot overlooks neighboring pastures and offers potential for beautiful mountain views.

Two additional homesites with older mobile homes add even more possibilities. Each has its own address, power service, while the mobile home sites share the water well and their own shared septic. Preliminary discussions with the Town of Mills River and Henderson County indicate that replacing the mobile homes with similar structures, such as off-site-on-frame tiny homes or log cabin cottages, may be possible, subject to buyer verification and all applicable approvals.

The possibilities are exciting—create a multi-generational family compound, long-term rental portfolio, private retreat, or other investment opportunity.

The location is outstanding, with convenient access to Asheville, Hendersonville, Brevard, Asheville Regional Airport, shopping, dining, breweries, and endless outdoor recreation, while still enjoying the peaceful setting of rural Mills River.

This is an estate sale and the property is being sold As-Is. Buyers are encouraged to review the available inspection information and estimates and perform their own due diligence regarding all aspects of the property.

Back on the market, $20,000 reduced, and now better understood. Bring your vision and take advantage of this rare opportunity in one of Mills River's most desirable locations!

Property details

Beds
3
Baths
1
SqFt
1,094
Lot
Year built
1965
Type
Single Family
Days on market
33
Style
Ranch, Traditional
Heating
Floor Furnace, Forced Air, Wood Stove, None
Cooling
Window Unit(s)
Foundation
Crawl Space
Flooring
Laminate, Linoleum, Parquet, Vinyl, Other - See Remarks
View
Long Range, Mountain(s), Winter, Year Round

Payment estimate

Estimated monthly payment

Includes P&I, tax, insurance

$2,163/ month

Principal & interest
$1,851
Property tax (~0.90%)
$224
Homeowners insurance
$87
HOA dues

Down payment

$14,950 down · $284,050 financed

Income to qualify (28% rule)

~$92,710 / 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.

Location

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.