Homes/North Carolina/Leicester/24 Chapel Hill Ln #40
CompCasa Property Analysis · single_family

24 Chapel Hill Ln #40

Custom 5,142 SF Modern Farmhouse on 1.83 Private Acres

Turnkey modern farmhouse with multiple kitchens, wraparound porches, and long-range views.

5 beds5 baths5,142 sq ftBuilt 20201.83 acresno attached garage listed; parking via driveway and yard
CompCasa valuation analysis
Estimated market value
$1,600,000
Low $1,450,000 · Midpoint $1,600,000 · High $1,750,000
Confidence68%Sales comparison approach
CompCasa estimate$1,600,000Mar 14, 2026
$1,450,000$1,600,000 midpoint$1,750,000
Price / sq ft$311
Median sale price$420,000
Avg days on market30 days
Inventory2.5 months

Estimate anchored to the provided list price of $1,600,000, adjusted by size (5,142 SF), high-end finishes, acreage (1.83 ac), and proximity to Asheville. No live comparable sales were available during generation; range reflects market variability for premium rural homes near Asheville.

About the property

Custom 5,142 SF Modern Farmhouse on 1.83 Private Acres

This custom-built modern farmhouse (2020) pairs large-scale living with private rural character: 5,142 finished square feet, five bedrooms, and flexible living spaces sited on 1.83 acres with year-round long-distance views and easy access to Asheville (approx. 25 minutes). The main kitchen is a designer's kitchen—marble counters, custom cabinetry, stainless appliances and a large island—backed by a fully equipped prep kitchen that makes entertaining effortless. A third kitchen/food-prep area on the lower level increases options for multi-generational living or income generation.

The house is bright, open, and thoughtfully arranged: 9-foot ceilings on the main level, an expansive primary kitchen/eat-in island, and generous circulation space for gatherings. The lower-level recreation room centers around a stone wood-burning fireplace and includes a workshop area—ideal for hobbyists or those needing practical workspace. Interior finishes reflect recent construction quality and attention to detail throughout.

Outdoor living is a standout: extensive wraparound porches and multi-level decks capture the long-range views and expand entertaining options. The almost-two-acre lot is mostly open with established vegetable beds and flat areas perfect for a future outbuilding, beekeeping, small animals, or a play area. With no HOA, the site provides flexibility for lifestyle uses typical of Buncombe County rural parcels.

Practical details: built in 2020 and shown in excellent condition, this property features multiple distinct living/dining areas, flexible lower-level space, and abundant parking room on-site. For buyers who want privacy, modern finishes, and immediate access to Asheville culture and outdoor recreation, this listing offers a rare combination of scale and convenience. Contact listing agent Damon Peary for a showing and to verify utilities and owner disclosures.

Property details

A 2020 modern farmhouse on 1.83 acres.

Building

Year built2020
ConstructionWood Frame
RoofComposition Shingle
Heatingforced_air_or_heat_pump_likely
Coolingcentral_air_likely

Site & utilities

Lot size1.83 acres
Garageno attached garage listed; parking via driveway and yard
Stories2
ConditionExcellent
BasementPartial
FireplaceYes
Improvement notesCustom 2020 construction with modern farmhouse aesthetic. Multiple kitchens (primary kitchen + prep kitchen + lower-level kitchen area), 9' ceilings on main, wraparound porches and decks, stone wood-burning fireplace on lower level, workshop area.
Lot area79,714 sq ft
TopographySloping
FrontageRural lane frontage (Chapel Hill Ln) with private driveway; long-distance views from main elevation
ParkingDriveway And Unattached Parking
Parking spaces6
Parking notesNo attached garage listed; ample driveway/turnaround and room for parking/guest vehicles; potential for detached garage or carport.
AccessSingle private driveway off Chapel Hill Ln; rural road access to state routes toward Asheville
WaterLikely Private Well
SewerLikely Septic
ElectricGrid Power
GasPropane Or Natural Gas Possible
Location & nearby

Leicester / Chapel Hill area (rural)

Researched nearby locations

Asheville (˜15–25 min)
Mars Hill / Weaverville (˜10–20 min)

Location

24 Chapel Hill Ln #40, Leicester, NC 28748

View in Google Maps
Editorial neighborhood context

Leicester is a quiet, rural community northwest of Asheville characterized by rolling farmland, wooded parcels, and a mix of custom homes and older farmhouses. Residents enjoy a slower pace with direct access to Blue Ridge outdoor recreation, while Asheville’s arts, dining, and medical amenities remain within commuting distance. The Chapel Hill lane area offers privacy and scenic outlooks common to higher-elevation parcels in Buncombe County.

Nearby access summary

Strong access to Blue Ridge hiking, mountain biking, and outdoor recreation within a short drive; property supports gardening, beekeeping, and small-animal uses.

ElementaryLeicester Elementary (Buncombe County) — Est. rating 6/10
Middle schoolNorth Buncombe Middle (or West Buncombe feed depending on address) — Est. rating 6/10
High schoolNorth Buncombe High or Asheville-area high (zoning may vary) — Est. rating 6/10
School districtBuncombe County Schools
Market context

A factual market snapshot around 24 Chapel Hill Ln #40.

Median sale price$420,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation400.0%
5-year appreciation1800.0%
Editorial market perspective

The Asheville-area market remains attractive for buyers seeking lifestyle and mountain-accessible properties. Inventory in Buncombe County has been relatively tight for turnkey, well-built homes; demand for homes with acreage and quality finishes tends to outpace supply. Median single-family prices in the broader area are materially lower than this listing, reflecting the premium attached to large custom homes with views. Expect this property to compete in the luxury/rural niche—buy-side competition strongest from buyers relocating from larger cities and from local buyers seeking more space. Days on market for comparable premium properties is typically moderate; well-priced, turnkey listings with proximity to Asheville can see quick interest. For investors, the property's multiple kitchens and lower-level living area increase potential for short-term rental or long-term rental income, subject to local rules and approvals.

Zoning & land use

Residential / Rural zoning typical for Leicester area (low-density single-family use).

Zoning

DescriptionResidential / Rural zoning typical for Leicester area (low-density single-family use).
JurisdictionBuncombe County
Current useResidential
SetbacksSubject to Buncombe County setback rules; buyers should verify build envelope and any potential conservation easements.

Research-indicated uses

  • Single Family Residential
  • Accessory Structures Subject To County Setback Rules
  • Agricultural Uses (Small Scale) Commonly Allowed
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.
Research findings & due diligence

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

Key findings

  • List price anchors valuation at **$1,600,000** (given condition and size, estimated market range $1.45M–$1.75M)
  • 5 bedrooms, 5 baths (structured data) and 5,142 sqft total living area (2020 build)
  • Site: 1.83 acres (79,714 sqft) with private lane access and long-distance views
  • No HOA, which increases flexibility for uses like small-scale farming or outbuildings
  • Lower-level recreation room with stone fireplace and workshop enhances utility and resale appeal
Highlights & features

What stands out about this property.

Interior Features

  • Primary kitchen: marble countertops, custom cabinetry, large eat-in island
  • Prep kitchen fully equipped — ideal for catering/large gatherings
  • Lower-level recreation room with stone wood-burning fireplace
  • Workshop space on lower level
  • 9' ceilings on main level and open circulation
  • Five bedrooms with multiple en-suite possibilities

Exterior & Lot

  • 1.83-acre lot (79,714 sqft) with open yard and vegetable beds
  • Extensive wraparound porches and multi-level decks
  • Year-round long-distance views from main living areas
  • No HOA — flexibility for outbuildings and small livestock
  • Ample driveway parking and room for detached garage

Location & Neighborhood

  • Approx. 25-minute drive to downtown Asheville
  • Rural Leicester setting with quiet lane access
  • Nearby small farms, woodlands, and low-density residential parcels
  • Quick access to regional amenities in Weaverville and Mars Hill

Walkability & Recreation

  • Walkability Rating: 18/100
  • Close to numerous Blue Ridge trails and outdoor recreation within a short drive
  • Property suited for gardening, beekeeping, and outdoor hobbies
Research transparency

Sources & research confidence.

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

View sources & confidence
1
Redfin (pre-scraped listing)View source
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.