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About this home
Set on nearly 2 acres in the highly sought-after Franklin Farm community, this expansive 3,600 sq ft home delivers a rare blend of privacy, versatility, and modern convenience—just minutes from South Asheville’s shopping, dining, and amenities. What truly makes this property stand out is its fully finished, walk-out basement featuring its own private entrance and a second kitchen. This spacious lower level is ideal for multigenerational living, offering parents or in-laws their own private suite complete with living area, full bath, and kitchen facilities. The separate entrance and self-contained layout also create excellent income potential as a short-term rental, long-term guest quarters, or even a private in-law apartment—perfect for families who want everyone together yet independent. On the main level, the thoughtfully designed layout welcomes you with a formal dining room, a dedicated home office, and a cozy den that flows seamlessly onto an elevated deck. Enjoy peaceful views of the wooded surroundings and open space beyond while sipping morning coffee or entertaining friends. The well-appointed kitchen and generous living spaces make everyday life effortless and enjoyable. Upstairs, you’ll discover three spacious bedrooms and a large versatile bonus room that can easily serve as a media room, home gym, craft space, or additional home office. Outside, the large, usable yard is framed by mature trees and offers plenty of room for gardening, play, or outdoor gatherings—something increasingly rare this close to town. Additional features include a two-car garage, abundant storage, and functional living space across all three levels. This exceptional home provides the perfect balance of Western North Carolina lifestyle and long-term flexibility. Whether you’re looking for room to grow with extended family or the opportunity to generate supplemental income, this Franklin Farm gem delivers outstanding value in a location you’ll love coming home to every day.
Single-familyProperty Type
1992Year Built
1.86 acresLot Size
$218Price/Sq.Ft.
$83/moHOA Dues
2 car garageParking
Listed by John Ellis• Walnut Cove Realty/Allen Tate/Beverly-Hanks
Beautiful stately home. Exterior is brick and cedar, 2 car garage, large grassy back yard with some wooded areas. The property is well landscaped with a lovely driveway from the road. The second level has the three bedrooms & a bonus room which could be a gym, a family TV room, an office, etc. The main floor offers access to the dining room on the left or an office, laundry room and garage to the right when you enter the spacious foyer. The dining room leads to the kitchen, breakfast room with pantry, and den. The den has a door to the second level deck with a grand view of the back yard, grassy area, trees, trampoline, wood steps up to the main level & garage. There are three natural gas fire places on each floor which do not require electricity.
Public Records
Nov 4, 2005
Sold
$380,000
$104/sq ft
Public Records
May 27, 1999
Sold
$289,500
$79/sq ft
Public Records
Feb 3, 1994
Sold
$250,000
$68/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,638 (+4.3%)
$59,100 + $455,800
$514,900
2024
$3,489 (+5.4%)
$59,100 + $455,800
$514,900
2023
$3,311 (+1.6%)
$59,100 + $455,800
$514,900
2022
$3,259
$59,100 + $455,800
$514,900
2021
$3,259 (+7.1%)
$59,100 + $455,800
$514,900
2020
$3,043 (+9.2%)
$59,100 + $455,800
$514,900
2019
$2,786 (+4.7%)
$48,400 + $403,100
$451,500
2018
$2,662
$48,400 + $365,000
$413,400
2017
$2,662 (−0.9%)
$48,400 + $365,000
$413,400
2016
$2,686
$48,400 + $365,000
$413,400
2015
$2,686
$48,400 + $330,500
$378,900
2014
$2,686
$48,400 + $330,500
$378,900
Public record
Public record
Zoning
Permits
Beds
3
Baths
3.5
Stories
2
Lot width
—
Lot depth
—
Lot size
1.86 Acres
Year renovated
1992
Finished Sq. Ft.
4,411
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,411
Year built
1992
Style
Single Family Residential
County
Buncombe County
APN
967469071600000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
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 24, 2020 • Final
Residential combo
HVAC
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.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 96° 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
2 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Fletcher, NC • 28732
Average low and high temperatures (°F)
45
25
54
33
66
41
72
49
73
54
82
62
85
67
81
63
76
59
70
47
61
40
51
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 32 Franklin Farm Rd
$769,479
$30K under list price of $799K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $650K to $960K.