$1,280,000
5 Von Ruck Terrace, Asheville, North Carolina 28801, United States
Spacious home with rental potential near vibrant downtown life.
6
Beds
4.5
Baths
3,467
Sq Ft
2012
Built
0.17 acres
Lot
Nestled in the heart of Asheville on a serene cul-de-sac, this stunning 6-bedroom, 4.5-bathroom modern home epitomizes luxury and convenience. As you enter through the front door, the inviting open floor plan unfolds before you, accented by vaulted ceilings and sophisticated high-end finishes. The home, bathed in natural light, offers a seamless flow from room to room, making it perfect for entertaining or intimate evenings at home.
Imagine waking up to the soft morning light filtering into the spacious master suite, with its spa-like ensuite providing a tranquil escape. Downstairs, the partially finished basement doubles as a guest suite, perfect for visitors or potential rental income. The modern kitchen, with granite countertops and top-notch appliances, inspires culinary creativity, as it overlooks your large backyard—a blank canvas for gardening, gatherings, or simply embracing the beauty of Asheville's seasons.
The Charlotte Street neighborhood, famed for its rich character, allows you to stroll downtown where vibrant shops, artisanal cafes, and cultural hotspots await. On a Saturday, the hum of lively conversation from nearby venues mingles with the rustling trees, creating an atmosphere both lively and relaxed. At day's end, unwind on your expansive porch, enjoying the picturesque views and community spirit that define this exceptional locale.
This property's investment potential is undeniable. With Asheville's real estate market continuing to thrive, securing a home in this prime area ensures a sound financial decision. Claim your own slice of this enchanting city, where modern living meets timeless charm, right at the doorstep of Asheville's renowned downtown.
Charlotte Street in Asheville is a vibrant and desirable neighborhood known for its eclectic charm and superb location. Residents enjoy the convenience of walking to an array of dining, shopping, and entertainment options downtown. The community is welcoming, characterized by tree-lined streets and historic homes that offer a glimpse into Asheville's past while embraced by modern amenities. Schools in the area are well-regarded, fostering a nurturing environment for families. This neighborhood is ideal for those seeking an enriching lifestyle in a friendly and dynamic community.
The Asheville real estate market, particularly in the coveted Charlotte Street neighborhood, continues to experience a seller's market with limited inventory available. Homes here usually see multiple offers within two weeks, driven by strong demand and location appeal. The median home price in the area is approximately $638,970, reflecting a 6.5% appreciation over the past year. This property type, with its modern design and potential for rental income, is highly sought after, making it an attractive investment opportunity. With an average of just 42 days on market, now is a prime time to secure this exceptional property.
Ira B. Jones Elementary
Elementary · 0.5 mi
**5 Von Ruck Terrace** is a **6-bedroom, 4.5-bathroom** modern home built in **2012** with **3,467 SF** of living space on a **0.17-acre** lot in Asheville's desirable **Charlotte Street** neighborhood. The property features an open floorplan, vaulted ceilings, and high-end finishes, offering a contemporary living experience within walking distance to downtown Asheville.
The home includes a **partially finished basement** that serves as a guest suite or potential income-producing rental unit. The spacious, level backyard provides ample space for outdoor activities and entertaining. The **gravel driveway** accommodates multiple vehicles, addressing parking needs in this urban setting.
From a **valuation perspective**, comparable sales in the Charlotte Street area suggest a current fair market value of **$1,170,000–$1,390,000**, with a midpoint estimate of **$1,280,000** ($369/SF). The owners purchased the property in 2020 for $929,000, representing approximately **37.8% appreciation** over 5.5 years. The current assessed value of **$924,800** appears below market, which is common in rapidly appreciating neighborhoods.
**Charlotte Street** continues to be one of Asheville's most sought-after residential areas, with median home values up **32.5% over the past 5 years** and average days on market of just **42 days**. The neighborhood's proximity to downtown Asheville's restaurants, shops, and cultural venues drives consistent demand from professionals and families.
Overall, this property represents a **strong investment** in a prime location with modern amenities and potential for rental income. Key due diligence items include verifying the condition of the partially finished basement, confirming any zoning restrictions related to rental use, and reviewing school zone assignments.
Modern home in prime Asheville neighborhood with potential rental income from basement suite. Strong appreciation trends and limited inventory suggest continued value growth.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$1170K
Midpoint
$1280K
High
$1390K
$369/SF estimated price per square foot
Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and location. Assessed value of $924,800 appears below market.
As of 2026-03-02
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Charlotte Street area has seen significant appreciation over the past 5 years. Walk Score estimate: 75.
Walking distance to restaurants, shops, and cultural venues in downtown Asheville.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$268/SF
Arm's length transaction
$25/SF
Significant appreciation due to redevelopment
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