$362,500
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
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.
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.
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.
Hall Fletcher Elementary
Elementary
Asheville Middle
Middle
Asheville High
High
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.
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.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$350K
Midpoint
$363K
High
$375K
$259/SF estimated price per square foot
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.
West Asheville median home values increased 25% from 2020-2025. Strong demand from young professionals and families. Walkability Rating estimate: 75/100.
Walkable to restaurants, coffee shops, and boutiques on Haywood Rd. Proximity to parks and cultural attractions enhances lifestyle appeal.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$196/SF
Arm's length transaction
$107/SF
Arm's length transaction
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