OFF MARKET

Off Market May 2023 for $245K

$299,641

•

1,260

sq ft

40 Smith Valley Rd, Alexander, NC 28701

About this home

Investors, this fixer upper on 5 acres has over a thousand feet of frontage on Newfound Creek. Located in a pleasant valley North of Asheville, this home sits safely above the creek. The house is in need of repairs and a serious cleaning, so wear your masks and watch your step! There is a shared well with the home next door. Power and water are on. A portion of the 5 acres is in the flood plain. This is a court ordered sale being sold "As-Is" subject to a 10 day upset period. The seller and Listing Agent make no representations as to the condition of the home.

Single-familyProperty Type

1958Year Built

5.1 acresLot Size

$238Est. Price/Sq.Ft.

Listed by Matt Jones • Pinnacle Lifestyle Realty LLC

Contact: matt@ncpinnacle.com

Bought with Scott Angelo • Lusso Realty

Redfin checked: 2 minutes ago

•Source:CANOPYMLS as Distributed by MLS Grid #4009000

Redfin Estimate

$299,641

$55K since sold in May 2023$1,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 35.3% lower than the average sale price ($463K) of 6 comparable homes.

SOLD APR 27, 2026
$487,500
A
3 beds2 baths1,344 sq ft
37 Harold Sluder Rd, Alexander, NC 28701
SOLD MAY 11, 2026
$375,000
B
3 beds2 baths1,375 sq ft
533 Old NC 20 Hwy, Alexander, NC 28701
SOLD JUL 23, 2026
$399,999
C
2 beds2 baths1,269 sq ft
134 Goldview Rd, Asheville, NC 28804
SOLD JUL 22, 2026
$720,000
D
3 beds2 baths1,332 sq ft
631 Macedonia Rd, Asheville, NC 28804
SOLD NOV 25, 2025
$445,000
E
2 beds2 baths1,453 sq ft
75 Panorama Dr, Asheville, NC 28806
SOLD NOV 10, 2025
$350,000
F
3 beds2 baths1,240 sq ft
51 Sunset Dr, Asheville, NC 28806

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Earn from this home

Rent

$2,207/mo

Redfin rental estimate

List your home for rent

Market trends in 28701, NC

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.4%

1.1% MoM

Median sale price

$472K

$107 MoM

Avg. days on market

59d

7 days MoM

Recently sold homes

3 MoM

New listings for sale

$189,000
2 beds1 bath920 sq ft
27 Lela Ln Unit 4A, Alexander, NC 28701
See all

Provided by Redfin

Sale history for 40 Smith Valley Rd

Date

Event

Price

CANOPYMLS as Distributed by MLS Grid #4009000

May 25, 2023

Sold

$245,000

$194/sq ft

Mar 19, 2023

Contingent

—

Mar 10, 2023

Listed

$275,000

$218/sq ft

CANOPYMLS as Distributed by MLS Grid #3834846

Jul 22, 2022

Sold

$180,000

$143/sq ft

Apr 18, 2022

Pending

—

Mar 25, 2022

Price Changed

$180,000

$143/sq ft

Mar 7, 2022

Listed

$250,000

$198/sq ft

This 10 acres in the Leicester/Alexander area has a large stream at the bottom and views from the top. Just 19 minutes to downtown Asheville and 9 minutes to Ingles. Would make a great small development or getaway with great potential building sites at the top of the knoll. The home on the property does not convey and will be surveyed off at sellers expense with the approximately 1 acre it sits on, leaving 10 acres (more or less). The seller is interested in selling a smaller portion of the land at market per acre rates. This is a court ordered sale subject to court approval and a 10 day upset period applicable after acceptance of offer to purchase and expiration of due diligence. Potential buyers are advised to consult with an attorney regarding the sale process under the applicable statutes and court order in Buncombe Co. File 19SP505.

Year

Property tax

Land + Additions

Assessment*

2023

$1,224 (−25.1%)

$78,900 + $114,500

$193,400

2022

$1,635

$147,900 + $114,500

$262,400

2021

$1,635 (+13.2%)

$147,900 + $114,500

$262,400

2020

$1,444

$147,900 + $114,500

$262,400

2019

$1,444 (+1.5%)

$125,800 + $90,000

$215,800

2018

$1,422

$125,800 + $90,000

$215,800

2017

$1,422 (−0.5%)

$125,800 + $90,000

$215,800

2016

$1,429

$125,800 + $90,000

$215,800

2015

$1,429 (+35.1%)

$125,800 + $71,600

$197,400

2014

$1,058

$125,800 + $71,600

$197,400

Tax history for 40 Smith Valley Rd

Year

Property tax

Land + Additions

Assessment*

2023

$1,224 (−25.1%)

$78,900 + $114,500

$193,400

2022

$1,635

$147,900 + $114,500

$262,400

2021

$1,635 (+13.2%)

$147,900 + $114,500

$262,400

2020

$1,444

$147,900 + $114,500

$262,400

2019

$1,444 (+1.5%)

$125,800 + $90,000

$215,800

2018

$1,422

$125,800 + $90,000

$215,800

2017

$1,422 (−0.5%)

$125,800 + $90,000

$215,800

2016

$1,429

$125,800 + $90,000

$215,800

2015

$1,429 (+35.1%)

$125,800 + $71,600

$197,400

2014

$1,058

$125,800 + $71,600

$197,400

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

5.1 Acres

Year renovated

2002

Sq. Ft.

1,080

Year built

1958

Style

Single Family Residential

County

Buncombe County

APN

971185425000000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 4, 2024.

Open Use District

The OU Open Use District is established as a district in which all uses are allowed by right, except for certain uses that are regulated as conditional uses so as to ensure that neighborhood impact is mitigated. Additionally, those uses which are specific to the Airport Industry District (AI) are excluded from the OU Open Use District. The neighborhood impact from conditional uses will be mitigated through the use of minimum specific site standards combined with general standards which provide the flexibility to impose a higher level of specific site standards dependent upon the degree of neighborhood impact. No zoning permit shall be required for permitted uses in the OU Open Use District.

Permitted uses

Include but are not limited to:

Gas station
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Manufacturing
Warehouse
Hotel / motel
Office

Property details

Parking

Parking Information
Main Level Garage Y/N: 0
Parking Features: Detached Carport

Interior

Bedroom Information
# of Bedrooms: Third: 0
# of Bedrooms: Upper: 0
# of Bedrooms: Main: 2
# of Bedrooms: Lower: 0
# of Bedrooms: Basement: 0
# of Bedrooms: Second Living Quarters: 0
# of Bedrooms: 2

Bathroom Information
# of Full Baths: Main: 2
# of Full Baths (Total): 2

Laundry Room Information
Laundry Features: In Basement

Basement Information
Has Basement
Basement Features: Daylight, Exterior Entry, Interior Entry, Partially Finished, Walk-Out Access

Heating & Cooling
Heating Information: Other - See Remarks
Cooling Information: Other - See Remarks
Sq. Ft. Unheated Total: 180
Sq. Ft. Unheated Basement: 180

Interior Features
Room Count: 7
Appliances: None

Exterior

Building Information
Construction Type: Site Built
Construction Materials: Stone, Vinyl
Roof: Composition

Waterfront Information
Waterfront Features: None

Property Information
Second Living Quarters: None
Property Type: Residential
Property Sub Type: Single Family Residence
Other Structures: Other - See Remarks
Zoning: OU
Zoning Specification: RES

Lot Information
Lot Features: Creek Front, Flood Plain/Bottom Land, Level, Rolling Slope, Wooded, Wooded
Lot Size Area: 5.1
Lot Size Units: Acres
Road Surface Type: Gravel, Dirt
Road Responsibility: Private Maintained Road

Utilities

Utility Information
Water Source: Shared Well
Sewer: Other - See Remarks

Location

HOA Information
HOA Subject To: None

School Information
Elementary School: Unspecified
Middle Or Junior High School: Unspecified
High School: Unspecified

Location Information
Directions: Follow GPS Look for directional sign on Rhymer Rd. as you turn onto Smith Valley Rd. Cross bridge and take a right. Follow path to the end, stay right.

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 1,080
Stories: 1.0
Lot Size: 5.1 acres
Style: Single Family Residential
Year Built: 1958
Year Renovated: 2002
County: Buncombe County
APN: 971185425000000

Home facts updated by county records on Sep 4, 2024

Other

Listing Information
Exception YN: 0

Green Information
Green Verification Count: 0

Home Information
Total Property HLA Sq. Ft.: 1260
Living Area: 1260
Above Grade Finished Area: 720
Below Grade Finished Area: 540
Sq. Ft. Upper: 0
Sq. Ft. Third: 0
Sq. Ft. Main: 720
Sq. Ft. Lower: 0
Second Living Quarters Sq. Ft.: 0
Second Living Quarters Heated Living Area: 0
Foundation Details: Basement, Slab
Levels: One

Around this home

Schools

West Buncombe Elementary

Public K-4 • Assigned • 3.1mi

10/10

Clyde A Erwin Middle School

Public 7-8 • Assigned • 3.0mi

6/10

Clyde A Erwin High

Public PreK-12 • Assigned • 3.0mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Historical weather

Alexander, NC • 28701

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.8 hours in June and 5.1 hours in December, which is comparable to the U.S. average for solar exposure.

8.8 hrs

5.1 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$285,000 – $345,000

Sell confidently with a local market expert in Alexander. 3 minutes to get started.

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New listings for sale in 28701

$189,000

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Home values near 40 Smith Valley Rd

Data from public records.

Address	Redfin Estimate
22 Smith Valley Rd, Alexander, NC 2 Beds \| 2 Baths \| 1401 Sq. Ft.	$531,527
53 Bloomingdale Dr, Alexander, NC 3 Beds \| 3 Baths \| 2520 Sq. Ft.	$515,653

Address	Redfin Estimate
40 Smith Valley Rd, Alexander, NC - Beds \| 2 Baths \| 1260 Sq. Ft.	$279,635
7 Inglescott Way, Alexander, NC - Beds \| 2 Baths \| 1404 Sq. Ft.	$262,769

Address	Redfin Estimate
1275 Jenkins Valley Rd, Alexander, NC 3 Beds \| 3.5 Baths \| 5796 Sq. Ft.	$2,114,383
265 Rhymer Rd, Alexander, NC 3 Beds \| 2.5 Baths \| 3090 Sq. Ft.	$666,139

Property information provided by CANOPYMLS as Distributed by MLS Grid when last listed in 2023. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 28701, NC

Sale history for 40 Smith Valley Rd

Tax history for 40 Smith Valley Rd

Public record

Property details

Around this home

Schools

Lifestyle

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 28701

Home values near 40 Smith Valley Rd

More real estate resources