For Sale $339,000
Development opportunity in Oakley! Situated on approximately 0.97 acres, this 3-bedroom, 1-bath cottage offers an existing residence on a spacious, level lot with potential for future development. Preliminary development plans showing up to five additional residential units have been reviewed by the City of Asheville. An updated preliminary development plat is available for review. The generous, level lot provides plenty of room for outdoor enjoyment or exploring additional possibilities. Conveniently located near shopping, dining, and other Asheville amenities. Whether you're looking for a primary residence, investment property, or development opportunity, this property is worth a look! agent/owner.
| List Price: | $339,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 720 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4434152 |
| Subdivision: | None |
| Bathrooms: | 1 |
| Lot Description: | Creek Front, Green Area, Level, Private, Creek/Stream, Wooded |
| Year Built: | 1965 |
| Sewer Type: | Public Sewer |
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
| Date | Event | Price | $/SQFT |
| 10-17-2026 | Under Contract | $339,000 | $471 |
| 10-13-2026 | Price Decrease | $339,000-5.57% | $471 |
| 08-13-2026 | Price Decrease | $359,000-10.03% | $499 |
| 07-21-2026 | Listed | $399,000 | $555 |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Oakley Elementary | 0 miles | KG-05 | 4 |
| Charles C Bell Elementary | 2 miles | KG-05 | 8 |
| Haw Creek Elementary | 3 miles | KG-05 | 7 |
| Evergreen Community Charter | 3 miles | KG-06 | 8 |
| Hall Fletcher Elementary | 3 miles | PK-05 | 2 |
| Isaac Dickson Elementary | 4 miles | PK-05 | 9 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 215 Merchant Street, Asheville NC | 0 mi | $339,000 | days | |
| 21 Crayton Park Drive, Asheville NC | 0.1 mi | $425,000 | days | |
| 81 Crayton Road, Asheville NC | 0.1 mi | $410,000 | days | |
| 105 Liberty Street, Asheville NC | 0.1 mi | $500,000 | days | |
| 11 Raleigh Road, Asheville NC | 0.2 mi | $390,000 | days | |
| 121 Merchant Street, Asheville NC | 0.2 mi | $299,900 | days |
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Powered by Google Maps
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
$
|
| H.O.A. / Maintenance |
$
|
| Property Insurance |
$
|
| Total Monthly Payment | $20,941 |
|
Occupancy Types |
|
Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
A Courtesy Listing Provided By Malin & Co. Realty Group, LLC
215 Merchant Street, Asheville NC is a 720 ft2 on a 0.970 acres lot. This is for $339,000. This has 3 bedrooms, 1 baths, and was built in 1965.
Based on information submitted to the MLS GRID as of 2026-07-21 02:51:54 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
Click here for more information
Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.