Listing provided courtesy of C. Rice and Associates LLCMLS# 4359022MLS ProviderContact Information: [email protected]
  • 102 days on site
  • 1 views

Motivated Seller – Priced $71K Under Assessed Value! As-Is Gem in High-Demand Pisgah Forest Address: 5661 Asheville Hwy, Pisgah Forest, NC 28768 Asking Price: $240,000 (an unbelievable $71,000 below the current assessed/market value of $311,970 per Transylvania County records—seller is highly motivated for a quick, as-is sale!) Nestled in the highly sought-after Asheville Highway neighborhood (code 45200) of Pisgah Forest, this property offers exceptional value in one of Western North Carolina's most desirable areas. Surrounded by the natural beauty of Pisgah National Forest, you're just minutes from Brevard, Asheville, world-class hiking, waterfalls, and the Blue Ridge Parkway. Demand for homes here remains strong, with buyers flocking to the mountain lifestyle, privacy, and outdoor access—making this a prime opportunity for investors, first-time buyers, or anyone seeking a solid foundation to personalize. Property Highlights: Single-family home on 1 lot (0.68 acres per records) Legal Description: HWY 280 Heated Area: 1,652 sq ft Total Area (incl. non-heated): ~1,892 sq ft Built: 1964 Appraised/Building Value: $278,160 Land Value: $30,000 Obxf (Other Building/Improvements): $3,810 Market/Assessed Value: $311,970 (no deferred taxes or exemptions noted) Replacement Cost New: ~$397,375 (county data) Structural Features: Rectangle shape/design, average quality, face brick exterior, continuous footing foundation, gable roof, central air conditioning, heat pump (electric), hardwood/sheet vinyl floors, plastered interior walls, plywood subfloor, mod metal/metal roofing Subareas: Base living (1,652 sq ft), open unfinished porch (216 sq ft), stoop (24 sq ft) Offered as-is—ideal for buyers ready to update or invest in this appreciating market. No warranties; priced aggressively to reflect condition and seller motivation. Homes in Pisgah Forest move fast—don't let this steal slip away! Contact listing agent for a private tour or to submit an offer today. Serious inquiries welcome—priced to sell quickly!

Source: Canopy MLS, MLS#: 4359022

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  • Property Type
    Residential

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  • Median Age
    53
  • Population Density
    95
  • College Educated
    48%
  • Estimated Median Income
    $54,235
  • Estimated Total Home Owners
    2,782
  • Estimated Total Renters
    542
  • Owner / Renter Divide
    84% / 16%
  • Estimated Average Household Size
    2
  • Total Population
    7,923
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 5661 Asheville Highway


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
3/25/2026Source: Canopy MLS Status Change
Under Contract-No Show
3/19/2026Source: Canopy MLS Added to Database
March 19, 2026