OFF MARKET

Off market aug 2025 for $375K

$388,790

Est. refi paymentEst. refi $2,506/mo

•

1,407

sq ft

550 Old Newfound Rd, Leicester, NC 28748

About this home

Welcome to this well-kept 1963 ranch-style home, set on 2.62 usable acres in the scenic countryside of Leicester. With 3 bedrooms (plus a bonus room in the basement), 1.5 bathrooms, and an inviting layout, this property is ideal for those seeking comfort, space, and room to grow. Inside, you’ll find a bright living area with original hardwood floors, a cozy fireplace, and a picture window showcasing mountain views. The spacious kitchen has been updated with fresh flooring, a gas cooktop, tile backsplash, and custom wood cabinetry—perfect for everyday cooking or gatherings. The heated basement features a finished bonus room that offers flexibility for an office, media space, hobby room, or additional living area. The property is fenced, ideal for gardening, small livestock, or other homestead dreams. There’s ample space for additional structures or simply enjoying the open land.

Single-familyProperty Type

1963Year Built

2.62 acresLot Size

$276Est. Price/Sq.Ft.

1 spaceParking

Listed by Katlyn Crowe • Patton Allen Real Estate LLC

Contact: katlyn@pattonallenre.com

Bought with Judith Moolten • Grateful Mindset Properties

Redfin checked: 2 minutes ago

•Source:CANOPYMLS as Distributed by MLS Grid #4249093

Redfin Estimate

$388,790

$14K since sold in August 2025$6,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 8.4% lower than the average sale price ($425K) of 6 comparable homes.

SOLD AUG 11, 2026
$345,000
A
3 beds1.5 baths1,118 sq ft
2956 New Leicester Hwy, Leicester, NC 28748
SOLD BY REDFIN SEP 29, 2026
$489,900
B
3 beds2 baths1,417 sq ft
58 Sequoia Trl, Leicester, NC 28748
SOLD MAR 10, 2026
$515,000
C
3 beds2 baths1,737 sq ft
61 Frisbee Rd, Leicester, NC 28748
SOLD JAN 8, 2026
$390,000
D
3 beds2 baths1,513 sq ft
83 Overlook Dr, Leicester, NC 28748
SOLD JUL 23, 2026
$332,500
E
4 beds3.5 baths1,508 sq ft
37 King Dr, Leicester, NC 28748
SOLD SEP 28, 2026
$475,000
F
3 beds2 baths1,994 sq ft
329 Dix Creek #2 Rd, Leicester, NC 28748

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Sell

$70,389

Est. take-home

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Refinance

Est. cash available

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Rent

$2,182/mo

Redfin rental estimate

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Market trends in 28748, NC

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

96.6%

+0.0% MoM

Median sale price

$482K

$13K MoM

Avg. days on market

96d

21 days MoM

Recently sold homes

8 MoM

New listings for sale

$270,000
3 beds2 baths1,650 sq ft
115 Sleepy Forest Dr, Leicester, NC 28748
3D WALKTHROUGH
$429,000
3 beds2 baths1,629 sq ft
76 Rose Creek Rd, Leicester, NC 28748
3D WALKTHROUGH
$699,999
3 beds3 baths3,185 sq ft
321 Eagles Nest Rd, Leicester, NC 28748
$775,000
3 beds2.5 baths2,625 sq ft
15 Temujin Dr, Leicester, NC 28748
3D WALKTHROUGH
$975,000
3 beds2 baths1,512 sq ft
422 S Turkey Creek Rd, Leicester, NC 28748
$950,000
3 beds3 baths2,712 sq ft
29 Miranda Knl, Leicester, NC 28748
$825,000
4 beds5 baths2,775 sq ft
61 Mountain Shadows Dr, Leicester, NC 28748
See all

Provided by Redfin

Sale history for 550 Old Newfound Rd

Date

Event

Price

CANOPYMLS as Distributed by MLS Grid #4249093

Aug 19, 2025

Sold

$375,000

$267/sq ft

Jul 12, 2025

Contingent

—

Jul 6, 2025

Price Changed

$399,000

$284/sq ft

Jun 17, 2025

Price Changed

$410,000

$291/sq ft

Jun 6, 2025

Price Changed

$420,000

$299/sq ft

Jun 4, 2025

Price Changed

$430,000

$306/sq ft

Jun 1, 2025

Price Changed

$440,000

$313/sq ft

May 29, 2025

Price Changed

$460,000

$327/sq ft

May 23, 2025

Price Changed

$480,000

$341/sq ft

May 19, 2025

Price Changed

$485,000

$345/sq ft

May 16, 2025

Price Changed

$490,000

$348/sq ft

May 15, 2025

Price Changed

$495,000

$352/sq ft

May 8, 2025

Listed

$500,000

$355/sq ft

Public Records

Dec 20, 2019

Sold

$264,000

$188/sq ft

Public Records

Jun 12, 2017

Sold

$239,500

$170/sq ft

CANOPYMLS as Distributed by MLS Grid #3264085

Jun 12, 2017

Sold

$239,700

$170/sq ft

Jun 9, 2017

Delisted

—

May 13, 2017

Contingent

—

May 12, 2017

Delisted

—

Apr 26, 2017

Price Changed

$259,900

$185/sq ft

Mar 31, 2017

Listed

$270,000

$192/sq ft

Mar 31, 2017

Listed

$259,900

$185/sq ft

+19

Sweet, well maintained and updated ranch on nearly four acres of BEAUTIFUL pasture land. Perfect for a mini farm, fenced and ready for your animals! Or could potentially be new home sites. Listing includes three parcels: 87090934981, 8790935745 & 8790936385. Homeowner has done many updates including flooring, fireplace, kitchen and bathrooms. Enclosed back patio with heater included. Full basement, great storage. Basement has potential to be finished out as an extra office space or bedroom.

Public Records

Apr 17, 2007

Sold

$255,000

$181/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$1,669 (+4.4%)

$38,500 + $204,500

$243,000

2024

$1,599 (+3.1%)

$38,500 + $204,500

$243,000

2023

$1,551 (+1.6%)

$53,500 + $189,500

$243,000

2022

$1,527

$53,500 + $189,500

$243,000

2021

$1,527 (+16.7%)

$53,500 + $189,500

$243,000

2020

$1,309

$53,500 + $189,500

$243,000

2019

$1,309

$53,500 + $142,100

$195,600

2018

$1,309 (−1.5%)

$53,500 + $142,100

$195,600

2017

$1,328 (+82.2%)

$53,500 + $142,100

$195,600

2016

$729 (−43.7%)

$53,500 + $142,100

$195,600

2015

$1,295 (+85.3%)

$50,400 + $123,700

$174,100

2014

$699

$50,400 + $123,700

$174,100

Tax history for 550 Old Newfound Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,669 (+4.4%)

$38,500 + $204,500

$243,000

2024

$1,599 (+3.1%)

$38,500 + $204,500

$243,000

2023

$1,551 (+1.6%)

$53,500 + $189,500

$243,000

2022

$1,527

$53,500 + $189,500

$243,000

2021

$1,527 (+16.7%)

$53,500 + $189,500

$243,000

2020

$1,309

$53,500 + $189,500

$243,000

2019

$1,309

$53,500 + $142,100

$195,600

2018

$1,309 (−1.5%)

$53,500 + $142,100

$195,600

2017

$1,328 (+82.2%)

$53,500 + $142,100

$195,600

2016

$729 (−43.7%)

$53,500 + $142,100

$195,600

2015

$1,295 (+85.3%)

$50,400 + $123,700

$174,100

2014

$699

$50,400 + $123,700

$174,100

*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

Beds

Baths

1.5

Stories

Lot width

—

Lot depth

—

Lot size

2.62 Acres

Year renovated

1963

Sq. Ft.

1,407

Year built

1963

Style

Single Family Residential

County

Buncombe County

APN

879093638500000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 10, 2026.

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
Covered Spaces: 1
Main Level Garage Y/N: 0
Parking Features: Attached Carport, Driveway
Has Carport
Carport Spaces: 1

Interior

Bedroom Information
# of Bedrooms: Main: 3
# of Bedrooms: 3

Bathroom Information
# of Half Baths: Main: 1
# of Full Baths: Main: 1
# of Full Baths (Total): 1
# of Half Baths (Total): 1

Room 1 Information
Room Level: Main

Room 2 Information
Room Level: Main

Room 3 Information
Room Level: Main

Room 4 Information
Room Level: Main

Room 5 Information
Room Level: Main

Room 6 Information
Room Level: Main

Room 7 Information
Room Level: Main

Room 9 Information
Room Level: Main

Laundry Room Information
Laundry Features: In Basement

Basement Information
Has Basement
Basement Features: Exterior Entry, Interior Entry, Storage Space, Unfinished

Fireplace Information
Has Fireplace
Fireplace Features: Living Room, Propane

Heating & Cooling
Heating Information: Electric
Cooling Information: Electric
Sq. Ft. Unheated Total: 1,407
Sq. Ft. Unheated Basement: 1,407

Interior Features
Room Count: 9
Appliances: Dishwasher, Freezer, Gas Cooktop, Microwave, Wall Oven, Washer/Dryer
Flooring: Tile, Wood

Exterior

Building Information
Construction Type: Site Built
Construction Materials: Brick Full, Vinyl
Roof: Shingle

Exterior Features
Patio And Porch Features: Glass Enclosed, Patio
Fencing: Back Yard, Fenced, Front Yard

Property Information
Other Equipment: Fuel Tank(s)
Property Type: Residential
Property Sub Type: Single Family Residence
Other Structures: Shed(s), Other - See Remarks
Zoning Specification: OU

Lot Information
Lot Features: Pasture, Rolling Slope, Views
Lot Size Area: 2.62
Lot Size Units: Acres
Road Surface Type: Concrete, Paved
Road Responsibility: Publicly Maintained Road

Utilities

Utility Information
Water Source: Well
Sewer: Septic Installed

Location

HOA Information
HOA Subject To: None

School Information
Elementary School: Leicester/Eblen
Middle Or Junior High School: Clyde A Erwin
High School: Clyde A Erwin

Location Information
Directions: From Patton Ave: Turn right onto Old Leicester Hwy. Go for 4.4 miles Turn left onto Newfound Rd. Go for 3 miles Turn right onto Browntown Rd. Go for 108 feet Turn slightly right onto Old Newfound Rd. Go for .1 mile 550 Old Newfound Rd. will be on the right

Public facts

Beds: 3
Baths: 1.5
Sq. Ft.: 1,407
Stories: 1.0
Lot Size: 2.62 acres
Style: Single Family Residential
Year Built: 1963
Year Renovated: 1963
County: Buncombe County
APN: 879093638500000

Home facts updated by county records on Aug 10, 2026

Other

Auction Information
Is Auction: 0

Listing Information
Exception YN: 0

Green Information
Green Verification Count: 0

Home Information
Total Property HLA Sq. Ft.: 1407
Living Area: 1407
Above Grade Finished Area: 1,407
Sq. Ft. Upper: 0
Sq. Ft. Third: 0
Sq. Ft. Main: 1407
Sq. Ft. Lower: 0
Foundation Details: Basement
Levels: One
Security Features: Smoke Detector(s)

Around this home

Schools

Leicester Elementary

Public PreK-4 • Assigned • 2.2mi

5/10

Clyde A Erwin Middle School

Public 7-8 • Assigned • 4.2mi

6/10

Clyde A Erwin High

Public PreK-12 • Assigned • 4.4mi

2/10

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

3/10 Fire Factor

0.31% chance of being in a wildfire in next 30 years

4/10 Heat Factor

7 days above 96° expected this year, 19 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Leicester, NC • 28748

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 8.7 hours in June and 4.9 hours in December, placing it below the U.S. average for solar exposure.

8.7 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$370,000 – $448,000

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Nearby similar homes

$275,000

Land— sq ft

4401 Meadows Town Rd, Marshall, NC 28753

$825,000

4 beds5 baths2,775 sq ft

61 Mountain Shadows Dr, Leicester, NC 28748

$490,000

2 beds2 baths938 sq ft

117 & 99999 Spivey Mountain Rd, Asheville, NC 28806

$775,000

3 beds2.5 baths2,625 sq ft

15 Temujin Dr, Leicester, NC 28748

$469,000

3 beds2 baths1,500 sq ft

30 Rose Point Dr, Leicester, NC 28748

OPEN OCT 24, 11AM TO 1PM

$410,000

3 beds2 baths1,318 sq ft

1884 Bear Creek Rd, Leicester, NC 28748

New listings for sale in 28748

$270,000

3 beds2 baths1,650 sq ft

115 Sleepy Forest Dr, Leicester, NC 28748

3D WALKTHROUGH

$429,000

3 beds2 baths1,629 sq ft

76 Rose Creek Rd, Leicester, NC 28748

3D WALKTHROUGH

$699,999

3 beds3 baths3,185 sq ft

321 Eagles Nest Rd, Leicester, NC 28748

$775,000

3 beds2.5 baths2,625 sq ft

15 Temujin Dr, Leicester, NC 28748

3D WALKTHROUGH

$975,000

3 beds2 baths1,512 sq ft

422 S Turkey Creek Rd, Leicester, NC 28748

$950,000

3 beds3 baths2,712 sq ft

29 Miranda Knl, Leicester, NC 28748

$825,000

4 beds5 baths2,775 sq ft

61 Mountain Shadows Dr, Leicester, NC 28748

Home values near 550 Old Newfound Rd

Data from public records.

Address	Redfin Estimate
574 Old Newfound Road, Leicester, NC 3 Beds \| 2 Baths \| 1327 Sq. Ft.	$283,710
559 Old Newfound Road, Leicester, NC 4 Beds \| 3 Baths \| 2203 Sq. Ft.	$448,372

Address	Redfin Estimate
515 Old Newfound Road, Leicester, NC 3 Beds \| 3 Baths \| 3104 Sq. Ft.	$518,598
533 Old Newfound Road, Leicester, NC 3 Beds \| 3.5 Baths \| 3843 Sq. Ft.	$699,284

Address	Redfin Estimate
567 Old Newfound Road, Leicester, NC 3 Beds \| 3 Baths \| 1365 Sq. Ft.	$335,309
529 Old Newfound Road, Leicester, NC 1 Beds \| 1 Baths \| 1248 Sq. Ft.	—

Property information provided by CANOPYMLS as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 28748, NC

Sale history for 550 Old Newfound Rd

Tax history for 550 Old Newfound Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 28748

Home values near 550 Old Newfound Rd

More real estate resources