CompCasa Property Analysis · single_family

123 Test St

Charming 1925 Bungalow with Updated Systems and Yard

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

3 beds2 baths1,400 sq ftBuilt 19250.17 acresnone
CompCasa valuation analysis
Estimated market value
$362,500
Low $350,000 · Midpoint $362,500 · High $375,000
Confidence82%Sales comparison approach
Last recorded sale$275,000Jun 15, 2020
Assessed value$300,0002025 assessment
CompCasa estimate$362,500Mar 8, 2026
Estimate vs. last recorded sale+$87,500 / +31.8%
$350,000$362,500 midpoint$375,000
Price / sq ft$259
Median sale price$350,000
Avg days on market30 days
Inventory2.5 months

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.

About the property

Charming 1925 Bungalow with Updated Systems and Yard

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$380,000
Property address1011 Demo Dr, Asheville, NC 28806
3 bed2 bath1,400 sq ftBuilt 19250.5 mi7,600 sq ft lot$271/SF
Sold Sep 18, 2025
Subject difference
  • Same living area
  • Similar lot size
  • Same year built
Research comparison noteFull renovation, premium finishes, comparable lot size
Comp methodology: Focused on bungalows within 0.5 miles in West Asheville sold in last 6 months for maximum relevance
Property details

A 1925 bungalow on 0.17 acres.

Building

Year built1925
ConstructionWood Frame
RoofAsphalt Shingle
Heatingforced air gas
Coolingcentral AC

Site & utilities

Lot size0.17 acres
Garagenone
Stories1
ConditionGood
BasementUnfinished
FireplaceYes
Improvement notes3 bedrooms, 2 bathrooms, hardwood floors, updated kitchen and bathrooms, new HVAC system (2024)
Lot area7,405 sq ft
TopographyLevel
Frontage50 ft frontage on Test St
ParkingDriveway
Parking spaces2
Parking notesDriveway accommodates 2 vehicles
AccessStandard residential driveway from Test St
WaterMunicipal
SewerMunicipal
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

West Asheville

Researched nearby locations

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

Location

123 Test St, Asheville, NC

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

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.

ElementaryHall Fletcher Elementary (5/10)
Middle schoolAsheville Middle (7/10)
High schoolAsheville High (5/10)
School districtAsheville City Schools
Market context

A factual market snapshot around 123 Test St.

Median sale price$350,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

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.

Zoning & land use

Residential Single-Family High Density

Zoning

Zoning codeRS-8
DescriptionResidential Single-Family High Density
JurisdictionCity of Asheville
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 20', side 5', rear 10'

Research-indicated uses

  • Single Family
  • Accessory Dwelling Unit
  • Home Occupation
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$100,000
Assessed improvements$200,000
Total assessed$300,000
Assessment year2025
Annual property tax$3,000
Tax year2025

Sale history

2020-06-15$275,000 · $196/SF
2010-03-22$150,000 · $107/SF
Research findings & due diligence

What the research supports — and what is still worth verifying.

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)

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify renovation permits were properly pulled
  • Confirm zoning restrictions and allowances
  • Professional home inspection
  • Roof condition assessment
Highlights & features

What stands out about this property.

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
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Buncombe County Tax Assessment InformationView source
2
Redfin West Asheville Market DataView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.