PRICE REDUCED! $10,000 SELLER CREDIT OFFERED AT CLOSING! First-time buyers and investors—this one deserves a closer look! A rare 3-bedroom, 3-bath opportunity in Oakley priced under $400K, offering an attractive entry point into the Asheville market without giving up the space you need. For the first-time buyer, the $10,000 seller credit can help with closing costs, prepaid expenses, or other upfront costs, making homeownership a little more attainable. Plus, major recent updates—including a brand-new HVAC system and new carpeting in all three bedrooms—mean fewer immediate big-ticket expenses to worry about. For the investor or value-minded buyer, the property's 3-bed/3-bath layout, dedicated parking, private access, and expansive lower-level basement create plenty of possibilities. Use the basement as a workshop, storage, home gym, or explore the potential for future finished space and added value, subject to permitting and buyer verification. Set quietly off the street, the home offers a sense of privacy while remaining incredibly convenient. The shared driveway provides off-street parking for up to 3 vehicles, while the low-maintenance grounds make ownership and upkeep more manageable. And the location? You’re close to some of Asheville's most desirable destinations, with easy access to I-240, Downtown Asheville, and historic Biltmore Village. Whether you're looking for your first home, an opportunity to build equity, or a property with investment potential, this is a compelling combination of price, space, updates, location, and flexibility. With the price reduction AND $10,000 seller credit, now is the time to take another look. Schedule your private tour today and see the possibilities for yourself!
Oakley, located between Biltmore Village and East Asheville, is a residential and commercial Asheville neighborhood with a walkable main drag and a low-key, lived-in feel. The neighborhood’s character concentrates along Fairview Road near the Oakley Library, where corner markets, casual eateries, and everyday errands cluster in a compact strip. Local pillars include Highland Brewing Company’s meadow-side taproom, the Copper Crown, and the Blue Ridge Biscuit Company. Housing leans toward mid-century ranches and older cottages, with pockets of newer infill. Side streets roll gently toward the Swannanoa River corridor, adding a green edge to the grid. Daily life centers on patios, takeout counters, and short drives to trailheads and river parks.
Provided by Walk Score and Local Logic
Offer insights
501 Fairview Rd · $349,000
$349K and above
75% chance or better to win
Why $349K+ is a strong offer
DAYS ON MARKET
110 days
The average home goes pending in 88 days.
SALE-TO-LIST
96.5%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Ceiling fans in multiple rooms
Sliding doors
Storm doors
11 total rooms
Bedrooms
Three bedrooms on the main level
Bathrooms
Three full bathrooms (two on main level, one in basement)
Kitchen
Dishwasher
Electric cooktop
Electric oven
Microwave
Refrigerator
Laundry & utility
Washer hookup
Electric dryer hookup
Laundry located in the basement
Flooring
Carpet
Tile
Heating & cooling
Electric heating
Natural gas heating
Electric cooling
Exterior features
Deck
Cleared lot
Publicly maintained road access
Gravel and paved road surfaces
Home design
Single-family residence
One level
Site-built construction
RS8 zoning
Parking
Driveway and parking spaces
Approximately 3 open parking spaces
Gravel area for two cars plus room for 1–2 additional cars close to the house
Construction
Wood construction
Basement (partially finished)
Utilities
City water
Public sewer
HOA & community
No HOA
Electricity and solar
View estimated energy costs and solar savings for this home
Cottage near Biltmore Village in the lovely Oakley Community. Property has rental and sub rental history. Great investment property or first time buyer potential. Property can be sold with 499 Fairview Road (MLS ) at discount for multiple rental units.
Year
Property tax
Land + Additions
Assessment*
2025
$2,261 (+6.6%)
$70,400 + $158,300
$228,700
2024
$2,120 (+2.9%)
$70,400 + $158,300
$228,700
2023
$2,061 (+1.1%)
$70,400 + $158,300
$228,700
2022
$2,038
$70,400 + $158,300
$228,700
2021
$2,038 (+22.1%)
$70,400 + $158,300
$228,700
2020
$1,669
$70,400 + $158,300
$228,700
2019
$1,669 (+4.6%)
$50,400 + $123,800
$174,200
2018
$1,596
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
9,583 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,967
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,967
Year built
1954
Style
Single Family Residential
County
Buncombe County
APN
965729354700000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
RS8
RESOURCE MANAGEMENT OVERLAY
Residential Single-Family High Density District
It is the intent of the RS-8 Residential Single-Family High Density District to establish a high density per acre for single-family dwellings where public infrastructure is sufficient to support such development and to stabilize and protect the district's residential character in areas of existing high density single-family development while promoting a suitable environment for single-family living. Non-single-family development normally required to provide the basic elements of a balanced and attractive residential area is also permitted.
Zone overlays
Resource Management Overlay
Permitted uses
Include but are not limited to:
Community / recreation center
Housing-Single unit
Fire house
Library
Police station
Golf related
Communications tower
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 96° expected this year, 21 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Asheville, NC • 28803
Average low and high temperatures (°F)
44
26
54
33
66
41
73
50
73
55
82
63
85
67
78
63
76
57
69
48
60
42
50
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Asheville. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 501 Fairview Rd
$337,417
$12K under list price of $349K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $354K to $480K.