For SaleSingle Family Home

$440,000

Contemporary 3-Bed Home with Expansive Covered Decks Near Biltmore

174 Reed Street, Asheville, North Carolina 28803, United States

Modern 2021 build—open plan, engineered floors, easy access to Biltmore Village

3

Beds

2.5

Baths

1,452

Sq Ft

2021

Built

0.13 acres

Lot

none

Garage

Move-in readyBuilt in 2021 — modern constructionSpacious covered front porch and back deckEngineered wood and tile flooringEnergy-efficient insulated windowsDriveway for up to 3 vehiclesZoned RS8 — potential for accessory dwelling unit (subject to approvals)Assessed value below recent market comps

About This Home

The first thing you notice at 174 Reed Street is the generous covered porch that frames the front of this contemporary home—an intentional transition between the neighborhood and the bright, efficient interior. Built in 2021, this two-story residence offers 1,452 square feet arranged around an open living area where engineered wood flows into tile in high-traffic zones. The main level's clean lines and thoughtful material palette create a livable, modern atmosphere without fuss: insulated windows, central HVAC, and durable finishes designed for everyday use.

Practical outdoor living is a highlight: a large partially covered back deck stretches the footprint of the home and is ideal for casual dinners, morning coffee, or setting up a work-from-home retreat. The level 0.13-acre lot includes a driveway that fits up to three vehicles—rare convenience for this pocket of Biltmore Village—while mature plantings and low-maintenance landscaping keep yard work minimal. Inside, three bedrooms and 2.5 baths give room for overnight guests or a home office; the layout is designed with contemporary household rhythms in mind.

From a value standpoint, 174 Reed Street sits in a neighborhood that blends residential calm with immediate access to amenities. The property last changed hands in October 2021 for $388,000 and carries a 2024 assessed value of $363,800 (annual taxes approx. $3,372). Market analysis of nearby comparable sales places the current market range between $420,000 and $460,000, with a midpoint near $440,000—reflecting steady buyer demand for newer, low-maintenance homes close to downtown Asheville and Biltmore Village.

Location is one of the property's strongest assets. You're roughly a half-mile from Biltmore Village's shops and restaurants, about 1.2 miles from Mission Hospital, and a short 2-mile drive into downtown Asheville. For buyers interested in rental income, local leasing comps and strong neighborhood demand support solid rent estimates. Zoned RS8, the lot may also allow accessory dwelling options subject to local approvals—an attractive consideration for buyers exploring income or multigenerational arrangements.

This home will suit buyers seeking a contemporary, move-in-ready property in a walkable, amenity-rich enclave of Asheville. Schedule a tour to see how the covered outdoor spaces, efficient finishes, and close-in location add up to a practical and stylish home in Biltmore Village.

Property Features

Interior Features

  • Open floor plan
  • Engineered wood and tile flooring
  • Insulated windows
  • 3 bedrooms, 2.5 bathrooms
  • Central heating & cooling
  • Contemporary finishes throughout

Exterior & Lot

  • Covered front porch
  • Large partially covered back deck
  • Level 0.13-acre lot (5,663 sq ft)
  • Driveway parking for up to 3 vehicles
  • Low-maintenance landscaping
  • Asphalt shingle roof

Location & Neighborhood

  • 0.5 mile to Biltmore Village shopping and dining
  • 1.2 miles to Mission Hospital
  • 2.0 miles to downtown Asheville
  • 3.5 miles to Blue Ridge Parkway access
  • Zoned RS8 — single-family residential; accessory dwelling units allowed (subject to approvals)

Walkability & Recreation

  • Walkability Rating: 65/100 — Somewhat Walkable
  • Biltmore Village shops and eateries within walking distance (~0.5 mi)
  • Easy access to downtown amenities and cultural venues (≈2.0 mi)
  • Blue Ridge Parkway trails and scenic drives within 4 miles
  • Nearby green spaces and neighborhood sidewalks for daily walks
  • Short drive to regional trails and outdoor recreation

Neighborhood

Biltmore Village combines historic charm with immediate access to contemporary conveniences. Tree-lined streets lead to a compact village core of independent shops, cafes, and eateries; the Biltmore Estate and its gardens are a short drive away. Residents benefit from proximity to Mission Hospital and downtown Asheville's arts, dining, and entertainment scene while enjoying quieter residential blocks. The neighborhood attracts buyers who want walkable amenities without sacrificing access to regional outdoor recreation along the Blue Ridge Parkway.

Market Insights

Biltmore Village sits in a balanced market with pockets of brisk demand for newer, low-maintenance single-family homes. Current area metrics show roughly 3 months of inventory and an average days-on-market near 84 — a market that neither strongly favors buyers nor sellers. Short-term appreciation has been moderate (about +5% year-over-year) while five-year appreciation is stronger (~+25%). Median sale price in the immediate area is near $421,000, and recent comparable sales analyzed for this property point to a $420K–$460K range.

For this property type—newer single-family homes built within the last five years—interest is concentrated among primary buyers seeking convenience to downtown and downsizers who want modern systems and low maintenance. Rental demand remains healthy, supported by proximity to Biltmore Village, Mission Hospital, and downtown; estimated monthly rent for similar units is in the neighborhood of $2,000–$2,700 depending on finish level and lease terms. Given inventory levels and solid demand for move-in-ready product, now is a reasonable time for sellers to list competitively and for buyers to act on well-priced, modern homes that require minimal immediate upkeep. Monitor local comps as pricing can vary quickly in this desirable corridor.

Nearby Schools

William W Estes Elementary

Elementary

4/10

Valley Springs Middle

Middle

9/10

T C Roberson High

High

7/10

Walkability & Recreation

65
Walkability
78
Recreation

Very good outdoor access with the Blue Ridge Parkway and regional trails within a short drive, neighborhood sidewalks and green space for daily walks, and easy access to downtown parks and the Biltmore Estate grounds.

Property Overview

174 Reed Street is a 3-bedroom, 2.5-bathroom contemporary home built in 2021, offering 1,452 square feet of living space on a 0.13-acre lot in Asheville's Biltmore Village area. The property features an open floor plan with engineered wood and tile flooring, insulated windows, and spacious covered front and back decks, providing ample outdoor living space. The modern design and recent construction ensure energy efficiency and low maintenance for years to come.

From a valuation perspective, comparable sales in the Biltmore Village area suggest a current fair market value of $420,000–$460,000, with a midpoint estimate of $440,000 ($303/SF). The property was last sold in October 2021 for $388,000, indicating appreciation over the past few years. The current assessed value of $363,800 appears below market, which is common in rapidly appreciating neighborhoods.

Biltmore Village is a historic area known for its unique shops, restaurants, and proximity to the Biltmore Estate. The neighborhood offers a blend of residential and commercial properties, providing residents with convenient access to amenities. The property's location offers easy access to downtown Asheville, Mission Hospital, and outdoor recreation via the Blue Ridge Parkway.

Overall, this property represents a modern, move-in-ready home in a desirable location with recent construction that reduces near-term maintenance concerns. The contemporary design and proximity to amenities make it appealing to a wide range of buyers. Key due diligence items include verifying any HOA restrictions and confirming school zone assignments.

Investment Highlights

  • New construction in 2021 ensures modern design and energy efficiency
  • Proximity to Biltmore Village offers shopping and dining options
  • Easy access to downtown Asheville and Mission Hospital
  • Spacious covered front and back decks provide ample outdoor living space
  • Open floor plan with engineered wood and tile flooring
  • Assessed value below market suggests potential for appreciation

Key Findings

  • Last sold in October 2021 for $388,000 ($267/SF)
  • Assessed value $363,800 (land $47,900, improvements $315,900) — annual taxes $3,372
  • Zoned RS8 — allows single-family residential and accessory dwelling units
  • Comparable sales within 0.5 miles in last 6 months range $420K–$460K
  • Average days on market in Biltmore Village: 84 days (balanced market)

Things to Consider

  • Elementary school rated 4/10 — may impact family buyer interest
  • Limited lot size may restrict future expansions
  • Proximity to commercial areas may affect privacy and noise levels

Opportunity Analysis

Modern, move-in-ready home in desirable Biltmore Village area with recent construction and proximity to amenities. Potential for appreciation given below-market assessed value and steady neighborhood growth.

Potential Use Scenarios

  • Ideal primary residence for buyers seeking modern design and convenience
  • Potential rental property given proximity to Biltmore Village and downtown Asheville
  • Monitor market trends for potential appreciation and resale opportunities

Risk Factors

  • Elementary school rating may deter some family buyers
  • Limited lot size may restrict future expansions or additions
  • Proximity to commercial areas may affect privacy and noise levels

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

AI Valuation Estimate

Low

$420K

Midpoint

$440K

High

$460K

$303/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 age, size, and condition. Assessed value of $363,800 appears below market.

As of 2026-03-06

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$421,000
Avg Days on Market84 days
Inventory3 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)8,000
Median Income (1 mi)$60,000

Biltmore Village area has seen steady growth with increasing property values. Walkability Rating estimate: 65/100.

Nearby Points of Interest

  • Biltmore Village (0.5 mi)
  • Mission Hospital (1.2 mi)
  • Downtown Asheville (2.0 mi)
  • Blue Ridge Parkway (3.5 mi)

Proximity to Biltmore Village offers shopping and dining options. Close to Mission Hospital and downtown Asheville. Easy access to outdoor recreation via the Blue Ridge Parkway.

School District

DistrictBuncombe County Schools
ElementaryWilliam W Estes Elementary (4/10)
MiddleValley Springs Middle (9/10)
HighT C Roberson High (7/10)

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

Property Details

Building Details

Year Built2021
Constructionwood frame
Stories2
Roofasphalt shingle
Heatingcentral
Coolingcentral
Basementnone
FireplaceNo
Conditionexcellent

Lot & Site

Lot Size0.13 acres (5,663 SF)
Topographylevel
Parkingdriveway
Parking Spaces3
FrontageStandard residential frontage on Reed Street

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeRS8
DescriptionResidential Single-Family High Density District
JurisdictionCity of Asheville

Allowed Uses

single family residentialaccessory dwelling unit
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$363,800
Land$47,900
Improvements$315,900
Annual Tax (2024)$3,372

Sale History

2021-10-05$388,000

$267/SF

New construction sale

2021-03-09$146,000

$101/SF

Land purchase prior to new construction

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