711 Shawnee Trail Asheville, NC 28805 -- MLS# 4388610
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Property Description
Just three miles from the heart of downtown Asheville, this exceptional property offers a rare opportunity to either create a family compound or a new residential development project. Spanning over 12 acres, this sprawling estate combines end-of-the-road privacy with the convenience of being moments from downtown Asheville. The existing estate includes a main house with all the charm of a 1930s home that has been completely updated, a guest cottage ideal for guests or a caretaker, and a three-car, air-conditioned detached garage with apartment / living space above it. The home's position on the property allows for multiple development options. The existing estate could stay as is and the additional eight acres (approximately) could be developed, or the entire 12-plus acres could be developed. Buyer to confirm utility connections for development purposes and development potential with City of Asheville. Please see attachments for more development information. One of the few remaining large parcels available for development within Asheville city limits. No drive-bys as home not visible from road and driveway is gated. An 8.87-acre adjacent property is also available for purchase, see MLS #4331437. The address is 67 Shawnee Trail.
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- Interest rates and APRs presented are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables - call for details.
- This is not a credit decision or a commitment to lend.
- Depending on loan guidelines, mortgage insurance may be required
- If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
- APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points"), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan).
- Your monthly payment is not based on APR, but instead on the interest rate on your Note.
- Adjustable Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period.
- These special rates presented here are only available when you pre-qualify and are not guaranteed until lock-in.
- Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.
- Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
- Please contact a loan specialist to get specific payment examples and information regarding your particular needs.
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