120 Biltmore Ave Unit 502, Asheville, NC, 28801

$2,900,000

2 Bedrooms
2 Full Baths
1,657 SqFt
$1,750/SqFt
Condo

Location

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Property Highlights

Home TypeCondominium
ParkingParking Space(s)
Year BuiltNew Const., 2024
HeatingHeat Pump
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
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Housing Market Comparison

See how this home compares to others in Asheville, NC.

Med. Sold Price

$490.4K

Med. Price/SqFt

$311

Avg. Days On Market

32

# of Sold Homes

70

120 Biltmore Ave Unit 502 vs Asheville

635 DAYS ON ROCKET

+603 Days

$2,900,000

+$2.4M More

$1,750/SqFt

+$1.4K More

KEY TAKEAWAY

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

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:21:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$14.5K

Per 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.

Nearby Schools

school-card-donut-493834
3
/10
  • Isaac Dickson Elementary School

  • 125 Hill St

  • 0.82 miles

  • Public Magnet Grades PK-5

school-card-donut-493835
5
/10
  • Claxton Elementary School

  • 241 Merrimon Ave

  • 1.16 miles

  • Public Magnet Grades KG-5

school-card-donut-493836
3
/10
  • Hall Fletcher Elementary School

  • 60 Ridgelawn Rd

  • 1.71 miles

  • Public Magnet Grades PK-5

Neighborhood

What Are The Neighbors Like?

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.
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Rocket HomesNorth CarolinaBuncombe CountyAsheville28801120 Biltmore Ave Unit 502

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.

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