$449,900
$30K PRICE DROP

Estimated payment $3,028/month

Total Views 23,416
1 Bed
1 Bath
739 Sq Ft
$609 Price per Sq Ft

Highlights

  • Rooftop Deck
  • City View
  • Wood Flooring
  • Asheville High Rated A-
  • Open Floorplan
  • 3-minute walk to Pritchard Park

About This Home

Here’s your chance to own a slice of Asheville’s vibrant history in the iconic Old Penney’s Building—a true masterpiece from the 1920s designed by famed architect Richard Sharp Smith and substantially renovated in 2000. This updated condo is filled with vintage character & timeless charm, featuring original hardwood floors, lofty ceilings, distinctive curved walls, and oversized windows. Enjoy the unique blend of old-world design and modern comfort in this elegant, artistic, and move-in-ready space! Relax on the rooftop terrace while soaking in panoramic views of the Blue Ridge Mountains, enchanting sunsets, and all of Asheville! Located in the heart of downtown, enjoy unbeatable access to dining, shopping, entertainment & the ultimate city life right outside your door. Thanks to the building’s historic designation, property taxes remain exceptionally low. Ground-level storage is available, & as a bonus, this unit is zoned live/work and allows for annual rentals. A truly special find!

Listing Agent

Marie Reed

Keller Williams Professionals Asheville Brokerage Email: Marie@MarieReedTeam.com License #244191 Listed on: 04/17/2025

Keller Williams Professionals Asheville

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,905

Year Built

  • Built in 1925

HOA Fees

  • $437 Monthly HOA Fees

Parking

  • On-Street Parking

Property Views

  • City
  • Mountain

Home Design

  • Entry on the 2nd floor
  • Brick Exterior Construction

Interior Spaces

  • 739 Sq Ft Home
  • 5-Story Property
  • Open Floorplan
  • Wood Flooring
  • Basement
  • Basement Storage
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Schools

  • Asheville City Elementary School
  • Asheville Middle School
  • Asheville High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 9649-30-4764-C0203

Community Details

Overview

  • Tessier Group Association, Phone Number (828) 254-9842
  • Old Penneys Building Condos Subdivision
  • Mandatory home owners association

Amenities

  • Rooftop Deck
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,905

Year Built

Built in 1925

Lot Details

0

HOA Fees

$437 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1925
  • Restrictions: Deed
  • Road Surface Type: Paved
  • Unit Levels: 5 Story or more
  • Ratio CurrentPrice/TotalPropertyHLA: 608.80
  • Geocode Confidence: High
  • Attribution Contact: Marie@MarieReedTeam.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement
  • Entry Level: 2
  • Fireplace: No
  • Flooring: Wood
  • Interior Amenities: Breakfast Bar, Open Floorplan
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 739
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 739
  • Has Basement: Storage Space
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Living Area: 739
  • Bedroom Main: 1
  • Room Count: 6

Exterior Features

  • New Construction: No
  • Roof: Other - See Remarks
  • Construction Type: Site Built
  • View: City, Long Range, Mountain(s), Year Round
  • Construction Type: Brick Partial, Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: On Street, Parking Deck

Utilities

  • Heating: Forced Air
  • Sewer: Public Sewer
  • Laundry Features: In Unit, Laundry Room
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Elevator, Rooftop Terrace
  • Association Fee: 437
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Tessier Group
  • Phone: 828-254-9842

Association/Amenities

  • Association Annual Expense: 5244.00

Schools

  • Middle Or Junior School: Asheville
  • HOA Subject To: Required

Lot Info

  • Lot Features: Views
  • Parcel Number: 9649-30-4764-C0203
  • Zoning: CBD
  • Plat Book Slide: 77/165
  • Land Included Yn: 0
  • Horse Amenities: None
  • Additional Parcels: No
  • Zoning Specification: CBD

Rental Info

  • Pets Allowed: Yes

MLS Schools

  • Elementary School: Asheville City
  • High School: Asheville

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,905 $339,900 -- $339,900
2023 $1,905 $339,900 $0 $339,900
2022 $1,695 $339,900 $0 $0
2021 $1,498 $300,500 $0 $0
2020 $1,478 $274,300 $0 $0
2019 $1,478 $274,300 $0 $0
2018 $1,478 $274,300 $0 $0
2017 $1,492 $191,100 $0 $0
2016 $1,174 $0 $0 $0
2015 $1,174 $191,100 $0 $0
2014 $1,159 $191,100 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Price Changed $449,900 -3.9% $609 / Sq Ft
06/05/2025 06/05/25 Price Changed $468,000 -2.5% $633 / Sq Ft
04/17/2025 04/17/25 For Sale $479,900 +7.8% $649 / Sq Ft
09/14/2023 09/14/23 Sold $445,000 -4.4% $572 / Sq Ft
07/06/2023 07/06/23 For Sale $465,500 +20.9% $598 / Sq Ft
04/28/2021 04/28/21 Sold $385,000 -3.5% $495 / Sq Ft
04/11/2021 04/11/21 Pending -- -- --
03/30/2021 03/30/21 Price Changed $399,000 -3.9% $513 / Sq Ft
01/01/2021 01/01/21 For Sale $415,000 -- $533 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $445,000 None Listed On Document
Warranty Deed $445,000 None Listed On Document
Warranty Deed $385,000 None Available
Warranty Deed $770 None Listed On Document
Warranty Deed $229,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $215,000 New Conventional
Closed $215,000 New Conventional
Previous Owner $179,000 New Conventional
Source: Public Records

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4244695

Canopy MLS (Canopy Realtor® Association)

APN: 9649-30-4764-C0203