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$272,896

Listing Price

2beds

1baths

1,413sqft

6,098sqft lot

49 Madison Ave, Asheville, NC 28801

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Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Single Family

Home type

193.13

Price / sqft

1915

Year built

Home Details

Investment Opportunity: Prime Development Potential in the Heart of Asheville. Renovate and FLIP!!nUnlock the immense value of this strategically located property, situated just minutes from downtown Asheville, Trader Joes, the iconic Grove Park Inn, and the vibrant local scene at Weaver Park. This is more than just a home it is a rare opportunity to capitalize on flexible RM8 zoning that offers exceptional versatility for residential expansion or full-scale redevelopment.nWhy Investors Will Love This Opportunity or your Renovation Team. nThe Value is there!! With great potential to Build More homes!!nMaximum Density: Thanks to its RM8 zoning district, this property allows for up to four units.nFlexible Development: Beyond a standard ADU, the land permits the construction of a second house with unrestricted size, or the opportunity to redevelop the entire site into a 4-plex.n Convenient Infrastructure: Featuring alley access, the site is perfectly situated to support a design that includes a ground-floor garage with living space above, maximizing utility and square footage.nnStrategic Location: Enjoy an unbeatable location that places your future residents near top-tier amenities, including local dining favorites like the Chop House Butchery and TACO Temple.nnThis property is being sold "as-is," serving as the perfect blank canvas for a visionary developer or investor looking to bring a project to life in one of Ashevilles most desirable areas. Whether you are looking to reno

Interior Details

Square Feet
  • 1413

Bedrooms
  • 2

Bathrooms
  • 1

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Central

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    None

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Gas

Basement
  • Has Basement:

    No

  • Basement Type:

    Unfinished

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 6098

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • No

Patio
  • No

Fence
  • No

Pool
  • No

Porch
  • Yes

Stoop
  • No

Breezeway
  • No

Construction Details

Number of Stories
  • 2

Style
  • Conventional

Exterior
  • Wood

Foundation
  • N/A

Roof
  • Hip

Roofing Material
  • Composition Shingle

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$2,276

$71,400

$138,400

--%

$209,800

2019

$2,277

$71,400

$138,400

--%

$209,800

2018

$2,278

$71,400

$138,400

--%

$209,800

2017

$2,301

$71,400

$138,400

--%

$209,800

2016

$1,966

$45,100

$113,100

--%

$158,200

2014

$1,941

$45,100

$113,100

--%

$158,200

2013

$1,942

$45,100

$113,100

--%

$158,200

2012

$1,578

$36,000

$106,300

--%

$142,300

percent-home-icon

Average Home Price in 28801

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$665,044

3 Beds

2 Baths

1,428 Sqft

9,583 Lot (sqft)

Sold 08/14/2026

$699,000

3 Beds

2.5 Baths

1,598 Sqft

6,098 Lot (sqft)

Sold NaN/NaN/NaN

$481,798

2 Beds

1.5 Baths

1,334 Sqft

6,534 Lot (sqft)

Sold 10/06/2026

$690,000

3 Beds

2 Baths

1,616 Sqft

3,920 Lot (sqft)

Sold 10/05/2026

$272,896

2 Beds

1 Baths

1,413 Sqft

6,098 Lot (sqft)

Sold 10/05/2026

$592,668

3 Beds

2 Baths

1,364 Sqft

6,098 Lot (sqft)

Sold 10/06/2026

$825,000

3 Beds

2 Baths

1,510 Sqft

8,712 Lot (sqft)

Sold 09/29/2026

$734,000

3 Beds

2 Baths

1,396 Sqft

9,583 Lot (sqft)

Sold 09/29/2026

$375,000

3 Beds

1 Baths

1,238 Sqft

2,614 Lot (sqft)

Sold 08/06/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
272,896
$
Down payment
54,579.20
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
1,637.37
$
HOA (Monthly)
0
$
PMI
0
$
$1,767
Your Payment
Total Monthly Payment:$1,767
Percent of Income:30%
Affordable:No

Details for 49 MADISON AVE

Property Debt

Foreclosure Contact Details