7 Walnut Grove Ln, Asheville, NC, 28806

$2,910,000

5 Bedrooms
6 Full Baths, 2 Partial
11,163 SqFt
$261/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingGarage Door Opener, Garage Shop, Keypad Entry
Year Built2006
HeatingHeat Pump, Propane, Zoned
CoolingHeat Pump, Zoned
BasementYes
FireplaceFamily Room, Gas Unvented, Gas Vented, Great Room, Primary Bedroom, Recreation Room, See Through
ViewOther, Mountain(s)
MLS #4118495
StatusAccepting Backup Offers
(Active Under Contract)

About 7 Walnut Grove Ln

Paint a picture of an exquisite residence designed for comfort, entertainment, and privacy and you will see 7 Walnut Grove. Located in a gated community near Asheville, it's a blend of opulent amenities and natural beauty, standing on 10 acres of land that offer breathtaking panoramic views and are perfect for equestrian pursuits. The entryway sets a tone of elegance from the first impression, hinting at the quality and craftsmanship present throughout the home. Six stone fireplaces add aesthetic appeal while the primary suite includes a jacuzzi tub, a marble shower with multiple heads, and an adjoining steam room for ultimate relaxation. The land is suitable for horses, with the possibility of building a 4-stall horse barn with HOA approval, making it an ideal estate for equestrian enthusiasts. An in-law or caretaker suite with a mini kitchen and private porch is attached through the gallery hall.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary, Old World
  • Year Built: 2006
  • Living Area: 11,163 SqFt

Listing Office:

  • Office Name: Preferred Properties

Interior Features

Interior Information:

  • Appliances: Bar Fridge, Dishwasher, Disposal, Double Oven, Down Draft, Gas Cooktop, Microwave, Water Heater, Refrigerator, Warming Drawer, Washer/Dryer
  • Basement: Yes
  • Flooring Type: Carpet, Marble, Tile, Wood
  • Interior: Breakfast Bar, Built-in Features, Cable Prewire, Cathedral Ceiling(s), Elevator, Entrance Foyer, Garden Tub, Kitchen Island, Open Floorplan, Pantry, Sauna, Walk-In Closet(s), Wet Bar
  • Fireplace: Family Room, Gas Unvented, Gas Vented, Great Room, Primary Bedroom, Recreation Room, See Through

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 6
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: Other, Mountain(s)
  • Exterior: Elevator, Fence

Parking Information:

  • Parking: Garage Door Opener, Garage Shop, Keypad Entry

Virtual/3D Tour

  • 3D Tour: 7 Walnut Grove Ln

3D Tour

Utilities

Utilities Information:

  • Heating: Heat Pump, Propane, Zoned
  • Cooling: Heat Pump, Zoned

Other

Directions Information:

  • Directions: Patton Avenue to Leicester Hwy. to right on Mt. Carmel, to left on Old Leicester Hwy (at BP Station). OR Riverside Drive to left on Old Leicester Hwy. Stay on Old Leicester Hwy. At the second Foster Estates entrance and turn left on Foster Dr. Turn right on Plantation and left on Walnut Grove. First home immediately on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,910,000
  • Price Per SqFt: $261/SqFt

HOA Fees:

  • Amount: $300
  • Frequency: Annually

Tax Information:

  • Annual Amount: $15,080
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$487.9K

Med. Price/SqFt

$307

Avg. Days On Market

54

# of Sold Homes

143

7 Walnut Grove Ln vs Asheville

31 DAYS ON ROCKET

-23 Days

$2,910,000

+$2.4M More

$261/SqFt

-$47 Less

KEY TAKEAWAY

This property is $2.4M more than the Median Sold Price and $47/SqFt less than other homes in Asheville, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4118495

Listing Office:

  • Office Name: Preferred Properties

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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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: 4/29/2024, 9:21:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 01, 2013Home Sold
$1,550,000
Jan 09, 2008Home Sold
$1,000,000
Sep 01, 2005Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2021$15,080$2,334,400
2020$15,079$2,254,100
2019$14,854$2,254,100
2017$7,955$2,254,100

History based on county public records data.

Payment Calculator

$14.6K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,791

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-3358298
8
/10
  • West Buncombe Elementary School

  • 175 Erwin Hills Rd

  • 1.77 miles

  • Public District Grades KG-4

school-card-donut-3358299
4
/10
  • Woodfin Elementary School

  • 108 Elk Mountain Rd

  • 3.41 miles

  • Public District Grades KG-5

school-card-donut-3358300
5
/10
  • Emma Elementary School

  • 37 Brickyard Rd

  • 3.54 miles

  • Public District Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,929. Residents of Asheville, NC typically earn less than $35k each year. Residents typically live in married, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7 Walnut Grove Ln

What is the listing price of this property?

The listing price of 7 Walnut Grove Ln property is $2,910,000.

What type of property is this?

The property 7 Walnut Grove Ln is a house located in Asheville, North Carolina, 28806.

Is this property for sale now?

Accepting Backup Offers: 7 Walnut Grove Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $15,080 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 1, 2013 for $1,550,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7 Walnut Grove Ln has 5 bedrooms and 6 full and 2 half bathrooms.

What is the square footage of this property?

The property 7 Walnut Grove Ln is 11,163 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7 Walnut Grove Ln is 2006.
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Rocket HomesNorth CarolinaBuncombe CountyAsheville288067 Walnut Grove Ln

This home is located at 7 Walnut Grove Ln in Asheville, NC and zip code 28806. This 11,163 square foot home was built in 2006. Features: 5 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 29, 2024 and is currently priced at $2,910,000.

In March 2024, from all listings sold in Asheville, NC there were more than 31 sold above asking price, over 83 sold below and more than 29 were sold right at the asked price. In March 2024 in Asheville, NC there were 13% more homes for sale than in February 2024. While the average time on the market in March 2024 was 54 days, the median list price was $487,985.

From Rocket Homes Real Estate and based on county public records data.

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