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288 Montford AvenueAsheville, NC 28801MLS Number 3284220

  • Price: $2,550,000The price has recently decreased
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 3.94% last updated on 2017-12-21

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 10Bathroom
  • 1900Year Built
  • 5500Square Feet

Surrounded by lush lawns, beautiful gardens, ponds - designed and built by resident architect of Biltmore House, Richard Sharp Smith in 1899 - this enchanting property captures the imagination with its shingled, half-timbered, and pebble-dashed exterior. Hailed as 'Asheville's Finest Boutique Inn' - by Sunday London Times, the profitable Black Walnut Bed and Breakfast Inn, with international accolades, boasts an 8.6% CAP RATE. Beautifully updated - the main home features exemplary craftsmanship, six en-suite bedrooms, eight fireplaces, chef's kitchen, and pristine original detail. Fully renovated and updated carriage house features two en-suite bedrooms each with fireplace and private outdoor space on main level. The upper level, one-bedroom unit is complete with kitchen, living area with fireplace, and outdoor terrace. Incredible furnishings, luxurious appointments, positive cash-flow, and vibrant, walkable, in-town neighborhood location make this turn-key property a great investment.

Listed by Mike Davis of Ivester Jackson Blackstream

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More Info

Basic Information

  • Broker IDNCM33610
  • List Price$2,550,000
  • ListingBoardIDAsheville Board of Realtors
  • StatusACT
  • Broker NameIvester Jackson Blackstream
  • MLS Number3284220

Interior

  • FeaturesFire/Smoke Alarm, Reception Area, Security System

Amenities

  • CoolingCentral, Other

Photos

  • Number of Photos32
  • DatePhoto2018-01-10T05:20:30

Location

  • CountyBuncombe
  • StateOrProvinceNC
  • StreetMontford
  • Building Number288
  • Zip28801
  • MailingCityAsheville
  • DirectionsFrom 240, take exit 4C, head north on Montford for 0.6 miles. Destination is on right, at corner of Waneta Street and Montford Avenue.

Utilities

  • HeatingCentral, Electric, MutliZone Heat, Natural Gas

Building

  • Square Feet5500
  • RoofArchitectural Shingle
  • Bathroom10
  • BathsTotal10
  • ConstructionBrick, Concrete, Stone, Stucco, Wood
  • ConstructionTypeSite Built

Property

  • Units2
  • Parking Spaces
  • Acreage0.75
  • Property Sub TypeBed/Breakfast
  • Property TypeCommercial

Other

  • Year Built1900
  • Access FeaturesCity Street, Paved Road
  • Modification Date01/16/2018

Your Local Office

West Asheville Real Estate
86 Asheland Ave
Asheville NC, 28801

Office: 828.215.4200

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