Property listing for 123 Test St, Asheville, NC
For SaleSingle Family Home

$362,500

123 Test St, Asheville, NC

Charming 1925 Bungalow with Updated Systems and Yard

3 Bed · 2 Bath · 1,400 Sq Ft

Renovated 3BR/2BA in lively West Asheville — ADU potential, near Haywood Rd

3

Beds

2

Baths

1,400

Sq Ft

1925

Built

0.17 acres

Lot

None

Garage

About 123 Test St

On my walk-through at 123 Test St you immediately notice the familiar proportions of a true West Asheville bungalow—a single-story silhouette that opens onto a 50-foot frontage and a surprisingly generous 0.17-acre yard. Built in 1925 and thoughtfully updated, this 1,400-square-foot home blends original character (wide-plank hardwood floors, classic fireplace) with recent mechanical upgrades, including a new HVAC installed in 2024 and central air for year-round comfort.

The living room centers on the fireplace and flows into a renovated kitchen and two updated bathrooms that reflect tasteful, modern finishes without erasing the home’s architectural DNA. Bedrooms are well-proportioned for this footprint; the primary and two additional rooms each retain hardwood underfoot. An unfinished basement provides dry storage and the kind of service space that buyers often convert for laundry or workshop uses.

Practical details make this house easy to love: forced-air gas heat, municipal water and sewer, and a driveway that accommodates two vehicles. The asphalt shingle roof and other systems should be reviewed during due diligence—roof age is unknown, so a roof assessment is recommended—yet the recent HVAC work reduces near-term maintenance concerns. Zoned RS-8, the property also offers accessory-dwelling-unit potential for buyers seeking rental income or a private studio.

Outside, the lot invites landscaping projects, a larger patio, or a garden room while keeping a sensible yard for backyard gatherings. The home sits just 0.2 miles from Haywood Road’s vibrant restaurant and retail corridor and roughly 0.5 miles from West Asheville Park, placing cafes, breweries and boutiques within an easy stroll. With comparable renovated bungalows selling in the $345–$380K range nearby and strong neighborhood demand, this property represents a compelling combination of location, updates, and future upside.

I recommend buyers move quickly: West Asheville inventory remains tight and updated bungalows in this pocket routinely attract multiple offers. Bring your contractors for inspection and your vision for a backyard upgrade—this bungalow delivers the solid bones and systems that let you focus on lifestyle enhancements.

Home Highlights

Move-in readyRecently renovated kitchen and bathroomsNew HVAC system (2024)Original hardwood floorsRS-8 zoning with ADU potential0.17-acre lot with 50' frontageFireplaceDriveway parking for two

Property Features

Interior Features

  • 3 bedrooms, 2 bathrooms
  • Approx. 1,400 SF living space
  • Original hardwood floors
  • Updated kitchen and bathrooms
  • Fireplace in living area
  • Central AC and forced-air gas heat
  • New HVAC system installed 2024
  • Unfinished basement for storage/workshop

Exterior & Lot

  • 0.17-acre lot (approx. 7,405 SF)
  • 50 ft frontage on Test St
  • Driveway parking for 2 vehicles
  • Level lot with mature trees
  • Asphalt shingle roof (age unknown — recommend inspection)
  • Potential to expand outdoor living space or add garden

Location & Neighborhood

  • West Asheville neighborhood
  • 0.2 miles to Haywood Rd retail & dining corridor
  • 0.5 miles to West Asheville Park
  • 1 mile to New Belgium Brewing Company
  • 1.5 miles to River Arts District
  • 2 miles to Downtown Asheville
  • RS-8 zoning allows accessory dwelling unit

Walkability & Recreation

  • Walkability Rating: 75/100 — Some errands on foot
  • Nearby parks and green spaces (West Asheville Park 0.5 mi)
  • River Arts District and trails within 1.5 miles
  • Breweries, coffee shops, and boutiques on Haywood Rd
  • Running/walking paths and neighborhood sidewalks
  • Community recreation and cultural amenities within short drive

Neighborhood & Location

West Asheville is one of the city’s most sought-after neighborhoods for its walkable dining and retail corridor on Haywood Road, lively brewery scene, and close-knit residential streets. Locals prize easy access to coffee shops, boutiques, and weekly community events, while parks and the River Arts District are minutes away. The area attracts young professionals and families who value convenience, character homes, and a friendly neighborhood vibe. With downtown Asheville only about two miles away, residents enjoy both neighborhood scale and city amenities.

Market Insights

West Asheville is operating as a seller’s market right now. Inventory sits at roughly 2.5 months, and the neighborhood’s average days on market is about 30 days; well-priced, renovated bungalows commonly receive multiple offers within two weeks. Recent area metrics show median sale prices around $350,000 with 1-year appreciation near 5% and a five-year increase of about 25% (2020–2025). Comparable sales within 0.5 miles for similar bungalows have closed between $345,000 and $380,000 in the last six months, supporting an estimated midpoint value of $362,500 for this home (≈ $259/SF).

For investors, rental comps and estimates indicate monthly rents around $1,750–$1,850 and a gross rental yield near 5.9% based on an estimated monthly rent of $1,800. Single-family bungalows in West Asheville remain in steady demand from young professionals and small families because of walkability to Haywood Road, proximity to West Asheville Park and the River Arts District, and limited for-sale inventory. The combination of recent mechanical upgrades (new HVAC, updated kitchen and baths) and RS-8 zoning—allowing accessory dwelling units—makes this a timely opportunity for owner-occupiers and buy-and-hold investors alike. Nonetheless, buyers should verify roof condition, permitting for renovations, and parcel boundaries as part of standard due diligence.

Nearby Schools

Hall Fletcher Elementary

Elementary

5/10

Asheville Middle

Middle

7/10

Asheville High

High

5/10

Walkability & Recreation

75
Walkability
75
Recreation

Very good access to parks and cultural amenities — West Asheville Park is about 0.5 miles away, River Arts District and local brewery trails within 1–1.5 miles, and neighborhood sidewalks and green spaces support daily walking and biking.

Investment Highlights

  • Recently updated kitchen and bathrooms, new HVAC system (2024)
  • West Asheville — median home values increased 25% from 2020-2025
  • Walkable to Haywood Rd dining/retail corridor — Walkability Rating ~75/100
  • 0.5 miles to West Asheville Park — access to green space and recreation
  • RS-8 zoning allows accessory dwelling unit — potential rental income
  • 0.17-acre lot offers potential for outdoor living enhancements

Key Findings

  • County assessor shows 2020 purchase at $275,000 ($196/SF) — current estimate $362,500 ($259/SF)
  • Assessed value $300,000 (land $100K, improvements $200K) — annual taxes $3,000
  • Zoned RS-8 — allows single-family and accessory dwelling units
  • 3 comparable sales within 0.5 miles in last 6 months range $345K–$380K
  • Average days on market in West Asheville: 30 days (seller's market)

Things to Consider

  • Built in 1925 — foundation, plumbing, and electrical systems should be inspected
  • Roof age unknown — asphalt shingle roofs typically last 20-25 years
  • Elementary and high schools have average ratings — may impact family buyer interest

Opportunity Analysis

Well-maintained bungalow in desirable West Asheville with recent updates and below-assessed-value pricing. Zoning allows for accessory dwelling unit, creating additional income potential. Limited inventory and high demand suggest strong resale trajectory.

Potential Use Scenarios

  • Potential primary residence in walkable neighborhood
  • Opportunity to add accessory dwelling unit for rental income
  • Comparable rentals suggest estimated rent of $1,800/mo if used as investment property

Risk Factors

  • 1925 construction — hidden maintenance costs possible
  • Roof condition unknown — potential near-term replacement needed
  • School ratings may deter some family buyers

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$350K

Midpoint

$363K

High

$375K

$259/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for renovation quality, lot size, and bedroom count. Assessed value of $300K appears below market.

As of 2026-03-08

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$350,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$65,000

West Asheville median home values increased 25% from 2020-2025. Strong demand from young professionals and families. Walkability Rating estimate: 75/100.

Nearby Points of Interest

  • West Asheville Park (0.5 mi)
  • New Belgium Brewing Company (1 mi)
  • River Arts District (1.5 mi)
  • Downtown Asheville (2 mi)

Walkable to restaurants, coffee shops, and boutiques on Haywood Rd. Proximity to parks and cultural attractions enhances lifestyle appeal.

School District

DistrictAsheville City Schools
ElementaryHall Fletcher Elementary (5/10)
MiddleAsheville Middle (7/10)
HighAsheville High (5/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1925
Constructionwood frame
Stories1
Roofasphalt shingle
Heatingforced air gas
Coolingcentral AC
Basementunfinished
FireplaceYes
Conditiongood

Lot & Site

Lot Size0.17 acres (7,405 SF)
Topographylevel
Parkingdriveway
Parking Spaces2
Frontage50 ft frontage on Test St

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeRS-8
DescriptionResidential Single-Family High Density
JurisdictionCity of Asheville

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$300,000
Land$100,000
Improvements$200,000
Annual Tax (2025)$3,000

Sale History

2020-06-15$275,000

$196/SF

Arm's length transaction

2010-03-22$150,000

$107/SF

Arm's length transaction

Are You the Agent?

Claim this property page to feature your contact info and connect directly with buyers researching this address.

  • Listing agents can add photos and list price
  • Buyer's agents can capture buyer inquiries
  • Your name, brokerage, and contact on the page
Claim This Listing — $15

One-time fee. Your info appears on this page across CompCasa.

Looking to Buy or Sell?

Connect with a licensed local agent who knows this area.

Find a Local Agent

CompCasa is a marketing and technology platform. All brokerage services are provided by licensed partners.

Request a Showing