CoolingCeiling Fan(s), Central Air, Heat Pump, Other
FireplaceOther - See Remarks
ViewCity, Mountain(s)
MLS #4004110
StatusActive
About 120 Biltmore Ave Unit 502
Welcome to the MK on Biltmore, luxury residences with views of the Blue Ridge Mountains and the city of Asheville. The MK on Biltmore is a world-class modern residence overlooking the South Slope neighborhood of Asheville. This new construction project offered by reputable developers is a sustainable design with luxury and comfort in mind. Ticking off all the right boxes it features steel and concrete modern architecture, upscale on-site restaurant, one on-site retail store, 42 residences, outdoor living areas, private balconies, off-street deeded parking, plus a secure courtyard with culinary and libation service area. So many features its impossible to list them all here. Without further ado, your new home awaits in the prime entrance to the "Paris of the South" and within reach of all things Downtown Asheville offers. Unit 502 is unbeatable sq footage inside AND out. Plus, it is a SouthWest facing unit. Think views!
Property Details
Property Features
Property Information:
Architectural Style: Contemporary
Year Built: 2024
Living Area: 1,657 SqFt
Listing Office:
Office Name: Allen Tate/Beverly-Hanks Biltmore Ave
Interior Features
Interior Information:
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Tile, Wood
Interior: Cable Prewire, Elevator, Kitchen Island, Open Floorplan, Other - See Remarks
Fireplace: Other - See Remarks
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 2
Exterior Features
Exterior Information:
View: City, Mountain(s)
Exterior: Other - See Remarks
Parking Information:
Parking: Parking Space(s)
Utilities
Utilities Information:
Heating: Heat Pump
Cooling: Ceiling Fan(s), Central Air, Heat Pump, Other
Other
Directions Information:
Directions: In the heart of Downtown Asheville on Biltmore Avenue. Across from the former Bar Taco building, catty corner from the Orange Peel.
Price Information
Listing Price Info
Price Summary:
List Price: $2,900,000
Price Per SqFt: $1,750/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Asheville, NC.
This property is $2.4M more than the Median Sold Price and $1.4K/SqFt more than other homes in Asheville, NC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #4004110
Listing Office:
Office Name: Allen Tate/Beverly-Hanks Biltmore Ave
Listings courtesy of Canopy MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$14.5K
Per Month
Principal & Interest
$14.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,761
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Isaac Dickson Elementary School
125 Hill St
Distance between this listing and this school0.82 miles
Public Magnet Grades PK-5
5
/10
Claxton Elementary School
241 Merrimon Ave
Distance between this listing and this school1.16 miles
Public Magnet Grades KG-5
3
/10
Hall Fletcher Elementary School
60 Ridgelawn Rd
Distance between this listing and this school1.71 miles
Public Magnet Grades PK-5
Nearby Schools
4
/10
Asheville Middle School
211 S French Broad Ave
Distance between this listing and this school0.58 miles
Public District Grades 6-8
6
/10
Montford North Star Academy
90 Montford Ave
Distance between this listing and this school0.74 miles
Public District Grades 6-8
6
/10
Francine Delany New School
119 Brevard Rd
Distance between this listing and this school2.70 miles
Public Charter Grades KG-8
Nearby Schools
6
/10
Asheville High School
419 McDowell St
Distance between this listing and this school1.26 miles
Public District Grades 9-12
6
/10
School of Inquiry and Life Sciences
419 McDowell St
Distance between this listing and this school1.27 miles
Public District Grades 9-12
10
/10
Early College
340 Victoria Rd
Distance between this listing and this school1.43 miles
The neighbors living near this home have an average income of $30,889. Residents of Asheville, NC typically earn less than $35k each year. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 120 Biltmore Ave Unit 502
What is the listing price of this property?
The listing price of 120 Biltmore Ave Unit 502 property is $2,900,000.
What type of property is this?
The property 120 Biltmore Ave Unit 502 is a condo located in Asheville, North Carolina, 28801.
Is this property for sale now?
Active Listing: 120 Biltmore Ave Unit 502 is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 120 Biltmore Ave Unit 502 has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 120 Biltmore Ave Unit 502 is 1,657 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 120 Biltmore Ave Unit 502 is 2024.
Interested in 120 Biltmore Ave Unit 502? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 120 Biltmore Ave Unit 502 in Asheville, NC and zip code 28801 in the Downtown Asheville neighborhood. This 1,657 square foot home was built in 2024. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 21, 2023 and is currently priced at $2,900,000.
In October 2024 more than 18 listings in Asheville, NC were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 37 were sold below. The inventory of homes for sale in Asheville, NC between September 2024 and October 2024 decreased by 8.5%. In October 2024 median list price was $490,473 and the average listing age was 32 days.
From Rocket Homes Real Estate and based on county public records data.