Homes/North Carolina/Spruce Pine/457 Overlook Drive
CompCasa Property Analysis · single_family

457 Overlook Drive

Charming Bungalow on 1-Acre Near Downtown Spruce Pine

Custom woodwork, private yard, steps from hospital and downtown.

2 beds2 baths1,215 sq ftBuilt 19521 acres1-car attached carport
CompCasa valuation analysis
Estimated market value
$315,000
Low $300,000 · Midpoint $315,000 · High $330,000
Confidence80%Sales comparison approach
Last recorded sale$63,000Apr 30, 2025
Assessed value$158,3002025 assessment
CompCasa estimate$315,000Mar 4, 2026
Estimate vs. last recorded sale+$252,000 / +400.0%
$300,000$315,000 midpoint$330,000
Price / sq ft$259.26
Median sale price$290,000
Avg days on market91 days
Inventory3.5 months

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 12 months. Adjusted for size, condition, and lot size. Assessed value of $158,300 appears below market.

About the property

Charming Bungalow on 1-Acre Near Downtown Spruce Pine

Light pours into this storybook 1952 bungalow the way southern mornings should: warm, steady, and revealing the grain of the custom woodwork that gives this home its character. At 1,215 square feet, 457 Overlook Drive is intimate but generous — two bedrooms and two baths arranged on a single level around a living room anchored by a wood-burning fireplace with a hand-laid stone surround and wooden mantle. Built-in shelving flanks the fireplace, making the room feel finished and lived-in from day one.

The heart of the home is the kitchen, where custom solid wood cabinets provide both storage and a tactile, artisanal warmth. Picture a slow Saturday: coffee steam rising near the sink, morning light through the kitchen windows, and the promise of a long afternoon in the garden beyond the back door. Practical systems — central AC for summer comfort and baseboard heat for crisp winter mornings — round out the bungalow’s everyday conveniences, while an architectural shingle roof and well-maintained condition reflect steady stewardship.

Step outside onto one acre of level, landscaped grounds and the feeling of space is immediate. A private backyard invites summer gatherings, and an expansive level side yard offers room for a workshop, play, or garden beds. Mature plantings and a thoughtful layout create secluded sitting spots and a sense of being tucked just beyond the bustle, yet this property is anything but remote: Blue Ridge Regional Hospital is just 0.5 miles away and downtown Spruce Pine is roughly a mile, making errands, dining, and community events easily accessible.

Life here balances small-town rhythms with access to regional attractions. On weekends visit Grassy Creek Golf & Country Club two miles away, explore nearby craft exhibitions at the renowned Penland School of Craft, or drive the short distance to trails and scenic drives into the Blue Ridge foothills. The attached one-car carport and driveway provide practical parking, and municipal water and sewer simplify routine maintenance.

Built with solid bones and timeless details, this bungalow is a rare combination of character and a usable, private lot in Spruce Pine. Whether you seek a cozy primary residence, a creative retreat near regional craft and outdoor culture, or a rental opportunity supported by nearby medical and downtown employment, 457 Overlook Drive presents a warm, lived-in canvas ready for the next chapter.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$169,500
Property address543 Overlook Dr, Spruce Pine, NC 28777
3 bed2 bath960 sq ftBuilt 19980.1 mi14,810 sq ft lot$176.56/SF
Sold Jan 6, 2023
Subject difference
  • 255 SF smaller
  • 1 additional bedroom
  • 28,750 SF smaller lot
  • 46 years newer
Research comparison noteSmaller home, newer construction, smaller lot
02Sold price$421,900
Property address286 Overlook Dr, Spruce Pine, NC 28777
3 bed2 bath2,397 sq ftBuilt 20070.2 mi11,326 sq ft lot$176/SF
Sold Mar 11, 2025
Subject difference
  • 1,182 SF larger
  • 1 additional bedroom
  • 32,234 SF smaller lot
  • 55 years newer
Research comparison noteLarger home, newer construction, smaller lot
03Sold price$275,000
Property address90 Overlook Dr, Spruce Pine, NC 28777
1 bed1 bath1,376 sq ftBuilt 19800.3 mi15,682 sq ft lot$200/SF
Sold Aug 31, 2021
Subject difference
  • 161 SF larger
  • 1 fewer bedroom
  • 1 fewer bathroom
  • 27,878 SF smaller lot
  • 28 years newer
Research comparison noteSimilar size, older construction, smaller lot
Comp methodology: Focused on single-family homes within 0.5 miles in Spruce Pine sold in last 3 years for maximum relevance
Property details

A 1952 bungalow on 1 acres.

Building

Year built1952
ConstructionWood Frame
RoofArchitectural Shingle
Heatingbaseboard
Coolingcentral AC

Site & utilities

Lot size1 acres
Garage1-car attached carport
Stories1
ConditionGood
BasementNone
FireplaceYes
Improvement notes2 bedrooms, 2 bathrooms, custom solid wood kitchen cabinets, built-in shelving in living room, wood-burning fireplace with stone surround and wooden mantle
Lot area43,560 sq ft
TopographyLevel
ParkingAttached Carport And Driveway
Parking spaces2
Parking notes1-car attached carport plus driveway space
AccessStandard residential driveway from Overlook Drive
WaterMunicipal
SewerMunicipal
ElectricDuke Energy
Location & nearby

Spruce Pine, NC

Researched nearby locations

Blue Ridge Regional Hospital (0.5 mi)
Downtown Spruce Pine (1 mi)
Grassy Creek Golf & Country Club (2 mi)
Penland School of Craft (3 mi)

Location

457 Overlook Drive, Spruce Pine, NC 28777

View in Google Maps
Editorial neighborhood context

Spruce Pine offers a small-town Appalachian character framed by the Blue Ridge foothills. Residents enjoy a tight-knit downtown with local shops, galleries, and community events, while cultural anchors like the Penland School of Craft and Grassy Creek Golf & Country Club bring additional recreation and enrichment. Proximity to Blue Ridge Regional Hospital adds employment stability and convenience. The neighborhood is residential and quiet, ideal for those seeking a slower pace with easy access to regional outdoor recreation and Asheville’s broader amenities within the MSA.

Nearby access summary

Very good regional recreation access with Grassy Creek Golf & Country Club two miles away, Penland School of Craft nearby, and easy entry to Blue Ridge Mountain drives and trails for hiking and scenic recreation.

ElementaryDeyton Elementary (6/10)
Middle schoolHarris Middle (3/10)
High schoolMayland Early College (8/10)
School districtMitchell County Schools
Market context

A factual market snapshot around 457 Overlook Drive.

Median sale price$290,000
Avg days on market91 days
Inventory3.5 months
1-year appreciation5.0%
5-year appreciation15.0%
Editorial market perspective

Spruce Pine is currently leaning toward a buyer’s market with moderate inventory and extended marketing times compared with tighter metros. Local MLS metrics show roughly 3.5 months of inventory and an average days-on-market near 91 days. Median sale price across the area sits around $290,000, while nearby comparable sales and an internal valuation place this bungalow in a $300,000–$330,000 range (midpoint ~$315,000). Single-family homes in Spruce Pine typically move more slowly than in high-demand Asheville suburbs, giving buyers time to complete inspections and negotiate; sellers may need realistic pricing and marketing to stand out. That said, this property’s one-acre lot, custom solid-wood kitchen cabinets, and proximity to Blue Ridge Regional Hospital and downtown amenities support durable demand — especially from buyers seeking long-term occupancy or rental stability. For a buyer seeking value and a measured purchase timeline, current conditions make this a favorable moment to consider properties like 457 Overlook Drive.

Zoning & land use

Single Family Residential

Zoning

Zoning codeR-1
DescriptionSingle Family Residential
JurisdictionTown of Spruce Pine
Assessor useSingle Family Residential
Current useResidential

Research-indicated uses

  • Single Family
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.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$60,100
Assessed improvements$98,200
Total assessed$158,300
Assessment year2025
Annual property tax$886
Tax year2025

Sale history

2025-04-30$63,000 · $51.85/SF
2025-04-17$330,000 · $271.6/SF
Research findings & due diligence

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

Key findings

  • Assessed value $158,300 (land $60,100, improvements $98,200) — annual taxes $886
  • Zoned R-1 — single-family residential
  • Comparable sales within 0.5 miles in last 12 months range $290K–$350K
  • Average days on market in Spruce Pine: 91 days (buyer's market)

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify condition of roof and HVAC systems
  • Confirm zoning restrictions and potential for subdivision
  • Professional home inspection
  • Review school zone assignments
Highlights & features

What stands out about this property.

Interior Features

  • 2 bedrooms, 2 bathrooms on one level
  • Custom solid wood kitchen cabinets
  • Built-in shelving in the living room
  • Wood-burning fireplace with stone surround and wooden mantle
  • Central AC and baseboard heat
  • One-story bungalow layout — 1,215 SF

Exterior & Lot

  • 1.00 acre level lot — landscaped and private
  • Expansive level side yard for garden, shop, or play
  • 1-car attached carport plus driveway parking
  • Architectural shingle roof
  • Municipal water and sewer
  • Mature plantings and private backyard

Location & Neighborhood

  • 0.5 mi to Blue Ridge Regional Hospital
  • Approximately 1 mi to Downtown Spruce Pine
  • Grassy Creek Golf & Country Club (2 mi)
  • Penland School of Craft (3 mi)
  • Mitchell County Schools district
  • Quiet residential setting on Overlook Drive

Walkability & Recreation

  • Walkability Rating: 40/100 — Car-Dependent
  • Close to downtown shops, cafes, and community events (≈1 mi)
  • Grassy Creek Golf & Country Club (2 mi)
  • Access to regional outdoor recreation and Blue Ridge foothills
  • Blue Ridge Regional Hospital nearby (0.5 mi)
  • Neighborhood green spaces and residential sidewalks
Research transparency

Sources & research confidence.

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

View sources & confidence
1
Compass listing for 457 Overlook DriveView source
2
Realtor.com listing for 543 Overlook DrView source
3
Realtor.com listing for 286 Overlook DrView source
4
Redfin listing for 90 Overlook DrView source
5
Zillow listing for 457 Overlook DriveView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.