For SaleSingle Family Home

$300,000

Freshly Painted 3BR Bungalow on a Level 0.24-Acre Lot

591 Blue Ridge Road, Black Mountain, North Carolina 28711, United States

Affordable Black Mountain bungalow minutes from parks and downtown

3

Beds

1

Baths

1,330

Sq Ft

1974

Built

0.24 acres

Lot

Move-in ready — freshly painted interiorFlexible bonus room ideal for home officeFenced yard perfect for pets and gardeningLevel 0.24-acre lot with Blue Ridge Road frontageRecent price reduction enhances value propositionStrong rental potential (estimated rent $1,800/month)

About This Home

This classic bungalow on Blue Ridge Road combines practical single-level living with a generous, level yard — a rare find so close to Black Mountain’s community amenities. The 1,330-square-foot floorplan (three bedrooms, one bath) sits on a 0.24-acre parcel with frontage on Blue Ridge Road and a fenced rear/side yard that invites gardening, pets, and backyard gatherings. Recent interior paint and thoughtful upkeep make the home move-in ready while preserving the straightforward, comfortable character of a 1974 bungalow.

Inside, the layout emphasizes usability: baseboard heat throughout, a flexible bonus room that can serve as an office or den, and original details softened by fresh finishes. The single-story arrangement simplifies everyday living and makes the property attractive to first-time buyers, downsizers, or investors seeking a rental-ready footprint. Note: the home does not have central cooling, and the roof and HVAC should be verified during inspection as standard due diligence.

Outside, the composition roof covers a brick-and-vinyl exterior that balances low-maintenance durability with curb appeal. Driveway parking accommodates approximately two cars; there is no garage. The lot’s level topography is uncommon in the area and provides room for potential landscaping upgrades or an accessory dwelling unit where zoning permits (TR-4 allows accessory units subject to local rules).

Location is a strong selling point: Veteran’s Park sits just 0.3 miles away, Ingles grocery is about 0.5 miles, downtown Black Mountain’s shops and restaurants are roughly 1.5 miles, and Lake Tomahawk Park is under two miles. With Asheville a 15-mile drive via I-40, residents enjoy both small-town walking access to parks and easy regional connections. Priced at $300,000 following a recent adjustment, this property presents clear value relative to nearby comps and is appealing for buyers seeking a tidy, well-located bungalow with immediate rental or owner-occupier potential.

Property Features

Interior Features

  • 1,330 square feet — single-level living
  • 3 bedrooms, 1 full bathroom
  • Fresh interior paint throughout
  • Flexible bonus room / den
  • Baseboard heating (no central cooling)

Exterior & Lot

  • 0.24-acre level lot (approx. 10,454 sq ft)
  • Fenced rear and side yard
  • Brick and vinyl siding
  • Driveway parking for approximately 2 vehicles (no garage)
  • Composition roof

Location & Neighborhood

  • 0.3 miles to Veteran’s Park
  • 0.5 miles to Ingles Market
  • 1.5 miles to Downtown Black Mountain restaurants and shops
  • 1.8 miles to Lake Tomahawk Park
  • Approximately 15 miles to Asheville via I-40

Walkability & Recreation

  • Walkability Rating: 60/100 — Somewhat Walkable
  • Nearby parks and green spaces: Veteran’s Park, Lake Tomahawk Park
  • Hiking and biking trails within a short drive
  • Golf courses: (regional courses accessible via short drive to Asheville area)
  • Running/walking paths and community recreation nearby

Neighborhood

Black Mountain combines small-town charm with easy regional access. Residents enjoy a tight-knit community atmosphere, weekly farmer’s market offerings, and a compact downtown of independent shops and eateries. Outdoor recreation is a local theme—Veteran’s Park and Lake Tomahawk Park provide immediate green space while larger Pisgah and Dupont Forest trails are within a short drive. Homes here attract families, retirees, and second-home buyers who value walkable neighborhood routes and proximity to Asheville’s cultural and employment centers.

Market Insights

A balanced but competitive local market: low inventory (~2.5 months) and median sale price near $320K. Homes average ~45 days on market; single-family bungalows in Black Mountain trade quickly when priced well. With one-year appreciation around 4% and five-year gains near 20%, this area remains attractive to buyers and investors. Rental demand is solid with estimated rents near $1,800/mo. Given these indicators, this property—recently reduced to $300K—offers timely value for owner-occupiers and investors who act after standard due diligence (roof/HVAC/flood status).

Nearby Schools

Black Mountain Primary

Elementary

6/10

Charles D Owen Middle

Middle

6/10

Charles D Owen High

High

7/10

Walkability & Recreation

60
Walkability
75
Recreation

Excellent local park access with Veteran’s Park (0.3 mi) and Lake Tomahawk Park (1.8 mi); regional hiking and cycling routes are reachable within a short drive for more extensive outdoor adventures.

Property Overview

591 Blue Ridge Road is a 3-bedroom, 1-bathroom bungalow-style home built in 1974 with 1,330 SF of living space on a 0.24-acre level lot in Black Mountain, North Carolina. The property features a freshly painted interior, a flexible bonus room, and a fenced rear/side yard, making it ideal as a starter home or an income-producing rental.

The home is currently listed for $300,000, reflecting a recent price reduction from its original listing at $340,000. Comparable sales in the area suggest a fair market value between $290,000 and $320,000, with a midpoint estimate of $305,000 ($229/SF). The current assessed value of $174,700 appears below market, which is common in rapidly appreciating neighborhoods.

Black Mountain is a desirable community located just 15 miles east of Asheville. The property is conveniently situated 0.3 miles from Veteran's Park, 1.5 miles from downtown Black Mountain, and 1.8 miles from Lake Tomahawk Park, offering residents easy access to recreational amenities, shopping, and dining options.

The local real estate market has experienced steady appreciation, with median home values increasing by 20% over the past five years. The average days on market for homes in Black Mountain is 45 days, indicating a balanced market with consistent demand.

Overall, this property represents a solid value in a sought-after location with recent updates that enhance its appeal. Potential buyers should consider the property's proximity to amenities, the flexibility of its interior spaces, and the potential for rental income. Key due diligence items include verifying the condition of the roof and HVAC systems, as well as confirming any zoning restrictions related to potential property modifications.

Investment Highlights

  • Freshly painted interior with flexible bonus room
  • Proximity to Veteran's Park (0.3 mi) and downtown Black Mountain (1.5 mi)
  • Fenced rear/side yard suitable for pets or gardening
  • Potential for rental income in a desirable location
  • Recent price reduction enhances value proposition

Key Findings

  • Listed for $300,000 after recent price reduction from $340,000
  • Assessed value $174,700 (land $32,400, improvements $142,300) — annual taxes $1,465
  • Zoned TR-4 — allows single-family residential and accessory dwelling units
  • Comparable sales within 0.5 miles in last 6 months range $290K–$320K
  • Average days on market in Black Mountain: 45 days

Things to Consider

  • Built in 1974 — roof and HVAC systems should be inspected
  • No central cooling system installed
  • Limited parking with driveway only
  • Potential for flood risk — verify flood zone status

Opportunity Analysis

Well-maintained bungalow in desirable Black Mountain with recent updates and proximity to amenities. Potential for rental income and steady appreciation in a balanced market.

Potential Use Scenarios

  • Potential primary residence with proximity to parks and downtown
  • Opportunity for rental income in a high-demand area
  • Consider adding central cooling system to enhance comfort and value

Risk Factors

  • 1974 construction — potential maintenance costs
  • No central cooling system installed
  • Limited parking with driveway only

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

AI Valuation Estimate

Low

$290K

Midpoint

$305K

High

$320K

$229.32/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for lot size, condition, and bedroom count. Assessed value of $174,700 appears below market.

As of 2026-03-06

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$320,000
Avg Days on Market45 days
Inventory2.5 months
1-Year Appreciation+4.0%

Demographics

Population (1 mi)2,991
Median Income (1 mi)$76,515

Black Mountain median home values increased 20% from 2020-2025. Strong demand from retirees and second-home buyers. Walkability Rating estimate: 60/100.

Nearby Points of Interest

  • Veteran's Park (0.3 mi)
  • Downtown Black Mountain (1.5 mi)
  • Ingles Market (0.5 mi)
  • Lake Tomahawk Park (1.8 mi)

Proximity to parks, shopping, and dining in Black Mountain. Easy access to Asheville via I-40.

School District

DistrictBuncombe County Schools
ElementaryBlack Mountain Primary (6/10)
MiddleCharles D Owen Middle (6/10)
HighCharles D Owen High (7/10)

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

Property Details

Building Details

Year Built1974
Constructionbrick and vinyl siding
Stories1
Roofcomposition
Heatingbaseboard
Coolingnone
Basementnone
FireplaceNo
Conditiongood

Lot & Site

Lot Size0.24 acres (10,454 SF)
Topographylevel
Parkingdriveway
Parking Spaces2
FrontageFrontage on Blue Ridge Road

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasDominion Energy

Zoning & Land Use

Zoning CodeTR-4
DescriptionTown Residential
JurisdictionTown of Black Mountain

Allowed Uses

single family residentialaccessory dwelling unit
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$174,700
Land$32,400
Improvements$142,300
Annual Tax (2024)$1,465

Sale History

2004-03-30$106,000

$79.7/SF

Arm's length transaction

2002-08-30$78,500

$59.02/SF

Arm's length transaction

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