40 Reed Rd is a 990 square foot house on a 1.77 acre lot with 2 bedrooms and 1 bathroom. Based on Redfin's Fairview data, we estimate the home's value is $288,445.
Single-familyProperty Type
1919Year Built
1.77 acresLot Size
$291Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$288,445
$3,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 20.9% lower than the average sale price ($365K) of 6 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$1,293 (+4.4%)
$45,400 + $143,400
$188,800
2024
$1,239 (+3.1%)
$45,400 + $143,400
$188,800
2023
$1,202 (+1.6%)
$60,400 + $128,400
$188,800
2022
$1,183
$60,400 + $128,400
$188,800
2021
$1,183 (+0.2%)
$60,400 + $128,400
$188,800
2020
$1,180
$60,400 + $128,400
$188,800
2019
$1,180
$50,500 + $123,300
$173,800
2018
$1,180 (−1.5%)
$50,500 + $123,300
$173,800
2017
$1,197 (+21.3%)
$50,500 + $123,300
$173,800
2016
$987
$50,500 + $123,300
$173,800
2015
$987 (+1.3%)
$44,700 + $86,300
$131,000
2014
$974
$44,700 + $86,300
$131,000
Tax history for 40 Reed Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,293 (+4.4%)
$45,400 + $143,400
$188,800
2024
$1,239 (+3.1%)
$45,400 + $143,400
$188,800
2023
$1,202 (+1.6%)
$60,400 + $128,400
$188,800
2022
$1,183
$60,400 + $128,400
$188,800
2021
$1,183 (+0.2%)
$60,400 + $128,400
$188,800
2020
$1,180
$60,400 + $128,400
$188,800
2019
$1,180
$50,500 + $123,300
$173,800
2018
$1,180 (−1.5%)
$50,500 + $123,300
$173,800
2017
$1,197 (+21.3%)
$50,500 + $123,300
$173,800
2016
$987
$50,500 + $123,300
$173,800
2015
$987 (+1.3%)
$44,700 + $86,300
$131,000
2014
$974
$44,700 + $86,300
$131,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
OU
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
Jul 23, 2024 • Final
Residential combo
Remove and dispose of the existing water heater and install a new tankless water heater. Redo the venting for the new unit while utilizing the existing gas and water connections.
Gas
Plumbing
Water heater
Sep 28, 2022 • Final
Electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Bathroom Information
# of Full Baths: 1
Fireplace Information
# of Fireplaces: 1
Has Fireplace
Exterior
Exterior Information
Foundation Type: Pier
Building Style Type: Conventional
Exterior Wall: Frame
Roof Shape Type: Gable Composition Shingle
Property Information
Living Sq. Ft: 990
Ground Floor Sq. Ft: 792
Building Sq. Ft: 990
# of Stories: 1.5
Stories Type: 1 1/2
Legal Description: DEED DATE: 2023-10-27 DEED: 6361-372 SUBDIV: IVAN PRIM BLOCK: LOT: SECTION: PLAT: 0163-0141
Lot Information
# of Buildings: 1
Land Sq. Ft: 77,101
Municipality Name: BROAD RIVER
Acres: 1.77
Zoning Code: OU
County Use Description: RESIDENTIAL
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 990
Stories: 1.5
Lot Size: 1.77 acres
Style: Single Family Residential
Year Built: 1919
Year Renovated: —
County: Buncombe County
APN: 061660616100000
Home facts updated by county records on Aug 10, 2026
Around this home
Schools
Fairview Elementary
Public K-5 • Assigned • 6.0mi
8/10
Cane Creek Middle
Public 6-8 • Assigned • 7.6mi
7/10
A C Reynolds High
Public PreK-12 • Assigned • 9.9mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
3/10 Heat Factor
7 days above 94° expected this year, 20 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
6 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Fairview, NC • 28730
Average low and high temperatures (°F)
43
25
52
32
64
40
72
48
72
53
82
61
85
66
77
62
74
58
67
47
59
40
49
31
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 5.2 hours in December, which is comparable to the
U.S. average for solar exposure.
8.8 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$272,000 – $329,000
Sell confidently with a local market expert in Fairview. 3 minutes to get started.