For SaleSingle Family Home

$330,000

Charming Bungalow on 1-Acre Near Downtown Spruce Pine

457 Overlook Drive, Spruce Pine, North Carolina 28777, United States

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

2

Beds

2

Baths

1,215

Sq Ft

1952

Built

1.00 acres

Lot

1-car attached carport

Garage

Custom solid wood kitchen cabinetsWood-burning stone fireplace and built-ins1.00-acre private, level lotShort drive or walk to downtown and hospital1-car attached carport plus driveway parkingWell-maintained, move-in ready condition

About This Home

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.

Property Features

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

Neighborhood

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.

Market Insights

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.

Nearby Schools

Deyton Elementary

Elementary

6/10

Harris Middle

Middle

3/10

Mayland Early College

High

8/10

Walkability & Recreation

40
Walkability
78
Recreation

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.

Property Overview

**457 Overlook Drive** is a **2-bedroom, 2-bathroom** bungalow-style home built in **1952** with **1,215 SF** of living space on a **1-acre** lot in Spruce Pine, North Carolina. The property features custom solid wood kitchen cabinets, built-in shelving in the living room, and a wood-burning fireplace with stone surround and wooden mantle. The spacious lot includes beautiful landscaping, a private backyard, and an expansive level side yard.

From a **valuation perspective**, comparable sales in Spruce Pine suggest a current fair market value of **$300,000–$330,000**, with a midpoint estimate of **$315,000** ($259/SF). The current assessed value of **$158,300** appears below market, which is common in rapidly appreciating neighborhoods.

**Spruce Pine** offers a blend of small-town charm and access to natural beauty, with proximity to the Blue Ridge Mountains and various outdoor recreational opportunities. The property is conveniently located near **Blue Ridge Regional Hospital (0.5 mi)**, **downtown Spruce Pine (1 mi)**, **Grassy Creek Golf & Country Club (2 mi)**, and the renowned **Penland School of Craft (3 mi)**.

Overall, this property represents a **solid value** in a desirable location with unique features that enhance its appeal. Key due diligence items include verifying the condition of the roof and HVAC systems, confirming any zoning restrictions, and reviewing school zone assignments.

Investment Highlights

  • Custom solid wood kitchen cabinets and built-in shelving
  • Spacious 1-acre lot with landscaped yard and private backyard
  • Proximity to hospital, downtown amenities, and golf course
  • Potential for appreciation in a stable market
  • Unique bungalow-style architecture with wood-burning fireplace

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)

Things to Consider

  • Built in 1952 — potential for aging infrastructure
  • Middle school rated 3/10 — may impact family buyer interest
  • Limited public transportation options in the area

Opportunity Analysis

Charming bungalow in a stable market with unique features and proximity to amenities. Potential for appreciation and customization. Suitable for primary residence or investment.

Potential Use Scenarios

  • Potential primary residence with room for personalization
  • Opportunity for rental income given proximity to hospital and downtown
  • Consideration for long-term appreciation in a stable market

Risk Factors

  • Aging infrastructure may require updates
  • Middle school ratings may deter some family buyers
  • Buyer's market may lead to longer time to sell

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

AI Valuation Estimate

Low

$300K

Midpoint

$315K

High

$330K

$259.26/SF estimated price per square foot

80% confidence

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.

As of 2026-03-04

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$290,000
Avg Days on Market91 days
Inventory3.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)2,500
Median Income (1 mi)$45,000

Stable population with modest income levels. Walkability Rating estimate: 40/100.

Nearby Points of Interest

  • 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)

Proximity to hospital, downtown amenities, golf course, and renowned craft school.

School District

DistrictMitchell County Schools
ElementaryDeyton Elementary (6/10)
MiddleHarris Middle (3/10)
HighMayland Early College (8/10)

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

Property Details

Building Details

Year Built1952
Constructionwood frame
Stories1
Roofarchitectural shingle
Heatingbaseboard
Coolingcentral AC
Basementnone
FireplaceYes
Conditiongood

Lot & Site

Lot Size1 acres (43,560 SF)
Topographylevel
Parkingattached_carport_and_driveway
Parking Spaces2

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy

Zoning & Land Use

Zoning CodeR-1
DescriptionSingle Family Residential
JurisdictionTown of Spruce Pine

Allowed Uses

single family
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$158,300
Land$60,100
Improvements$98,200
Annual Tax (2025)$886

Sale History

2025-04-30$63,000

$51.85/SF

Public record transaction

2025-04-17$330,000

$271.6/SF

Listed for sale

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