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.
Contemporary 3-Bed Home with Expansive Covered Decks Near Biltmore
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.
See the properties helping shape the valuation.
Comparable sales
- 510 SF smaller
- 1 fewer bedroom
- 1.5 fewer bathrooms
- Similar lot size
- 93 years older
- 196 SF larger
- 1.5 fewer bathrooms
- Similar lot size
- 100 years older
- 780 SF smaller
- 1 fewer bedroom
- 1.5 fewer bathrooms
- 1,742 SF larger lot
- 81 years older
A 2021 contemporary on 0.13 acres.
Building
Site & utilities
Biltmore Village
Researched nearby locations
Location
174 Reed Street, Asheville, NC 28803
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.
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.
A factual market snapshot around 174 Reed Street.
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.
Residential Single-Family High Density District
Zoning
Research-indicated uses
- Single Family Residential
- Accessory Dwelling Unit
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
- 52 SF smaller
- 0.5 additional bathrooms
- 623 SF smaller
- 0.5 fewer bathrooms
What the research supports — and what is still worth verifying.
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)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify any HOA restrictions or fees
- Confirm school zone assignments
- Professional home inspection
- Review recent comparable sales for updated valuation
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.