Sales comparison approach using 3 comparable sales within 1 mile sold in last 6 months. Adjusted for size, condition, and location. Assessed value of $772,400 appears below market.
1926 Brick Colonial in Grove Park with Flexible Living Space
Built in 1926, this brick Colonial at 17 Lynwood Road presents classic architectural details and flexible living across roughly 3,401 square feet on a 0.32-acre lot in Grove Park. Documented character elements — original hardwood floors, crown molding, and a masonry fireplace — anchor the home’s historic appeal while preserved circulation and room proportions reflect the property’s era. The house sits on a sloped lot with fronting on Lynwood Road and a circular driveway secured by an electric remote-controlled gate.
Interior spaces are organized over two levels with a partially finished walkout daylight basement that expands usable square footage and accommodates a variety of functions: media, home office, playroom, or guest quarters. Main-level amenities include a light-filled sunroom and a screened porch that provide additional, year-round living space. The house is documented as having four bedrooms and 3.5 bathrooms, central air, baseboard hot-water heating, and a gabled composition shingle roof — a mix of historic fabric and modern systems described in county records.
The site plan emphasizes privacy: a fenced backyard and mature plantings create an enclosed outdoor room uncommon for homes this close to neighborhood anchors. Parking and access are practical for city-edge living with an attached one-car garage, room for multiple cars in the circular driveway, and frontage directly on Lynwood Road. Topography on the lot is sloped, which contributes to the walkout basement condition and may factor into landscaping or drainage planning.
Location is among the property’s strongest assets. Grove Park is one of Asheville’s established neighborhoods with nearby access to the Grove Park Inn grounds, Beaver Lake, the Asheville Botanical Gardens, and Downtown Asheville. Local market context shows steady demand in Grove Park with relatively short marketing times and active comparable transactions used for recent analyses. Key due diligence items remain: confirm the condition and remaining service life of major systems, verify any historic-preservation guidelines that may apply to exterior work, and review lot boundaries and drainage given the slope. Together, these elements position the property as a distinctive historic home with adaptable living areas and substantial neighborhood advantages.
See the properties helping shape the valuation.
Comparable sales
- 115 SF smaller
- Similar lot size
- 2 years newer
- 324 SF smaller
- 0.5 additional bathrooms
- Similar lot size
- 4 years newer
- 953 SF smaller
- 0.5 fewer bathrooms
- 1,939 SF smaller lot
- 1 year older
A 1926 colonial on 0.32 acres.
Building
Site & utilities
Grove Park
Researched nearby locations
Location
17 Lynwood Road, Asheville, NC 28804
Grove Park is an established North Asheville neighborhood known for mature tree-lined streets, historic homes, and proximity to parks and city amenities. Residents benefit from easy access to the Grove Park Inn grounds, nearby Beaver Lake, the Asheville Botanical Gardens and a relatively short trip into Downtown Asheville for dining and arts. The neighborhood attracts professionals and retirees who value walkable blocks, nearby green space, and a strong community feel. Local schools and neighborhood services are within a short distance, enhancing the area’s appeal for family-oriented buyers.
Immediate recreational access includes Grove Park Inn grounds, nearby Beaver Lake, and the Asheville Botanical Gardens, providing walking trails, water access, and year-round outdoor options.
A factual market snapshot around 17 Lynwood Road.
Residential Single-Family Medium Density District
Zoning
Research-indicated uses
- Single Family
- Community/Recreation Center
- Fire House
- Library
- Police Station
- Golf Related
- Communications Tower
- Cemetery
- Park & Open Space
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 1 SF smaller
- 1 SF smaller
- 0.5 additional bathrooms
What the research supports — and what is still worth verifying.
Key findings
- County assessor shows 2002 purchase at $535,000 ($153/SF) — current estimate $1,250,000 ($368/SF)
- Assessed value $772,400 (land $92,700, improvements $679,700) — annual taxes $8,485
- Zoned RS4 with Resource Management Overlay — primarily residential with some community uses permitted
- 3 comparable sales within 1 mile in last 6 months range $1,150,000–$1,350,000
- Average days on market in Grove Park: 45 days (balanced market)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify age and condition of major systems (HVAC, roof, plumbing, electrical)
- Review any historic preservation guidelines applicable to property
- Professional home inspection
- Confirm zoning regulations and any restrictions on property modifications
What stands out about this property.
Interior Features
- Original hardwood floors
- Classic crown molding
- Sunroom
- Screened porch
- Walkout daylight basement (partially finished)
- Fireplace
- Central air
- Baseboard hot-water heating
- 4 bedrooms
- 3.5 bathrooms
- Two stories
- Gabled composition shingle roof
- Brick construction
- 1-car attached garage
Sources & research confidence.
See where the property research came from and how confidence varies by field.