Cottage / Storybook home in Asheville, NC
This Cottage home in Asheville, NC offers 2 bedrooms and 1 bathroom across 688 square feet. Standout details include deck / patio and hardwood floors.
| Price | $299,000 |
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| Beds | 2 |
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| Baths | 1 |
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| Sqft | 688 |
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| Architectural style | Cottage / Storybook (86% match) |
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| Address | 224 Aurora Drive Unit 3, Asheville, NC 28805 |
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Why buy this home
- Confirmed Cottage / Storybook architecture, matched from the listing photos by Enzo's vision model.
- Features: deck / patio, hardwood floors.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced below comparable homes.
- At $299K, this home is 46% below the $550K median for 589 similar Cottage / Storybook homes in Asheville, NC.
- That works out to $435 per square foot, 29% above the $337 comparable rate.
- New to market (3 days), so expect competition.
| This home | $299,000 |
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| Cottage / Storybook median in Asheville, NC | $550,000 (589 homes) |
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| Price per sq ft | $435 vs. $337 comps median |
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It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $1,953/month with 20% down at a 7.28% 30-year fixed rate. You would need about $83,703 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,637/mo |
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| Property tax (new-buyer reassessed rate) | $204/mo |
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| Homeowners insurance | $112/mo |
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| Total monthly | $1,953/mo |
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| Down payment (20%) | $59,800 |
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| Income needed | $83,703/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C+ (60 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C+ (60/100) |
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| Beats renting in | 11% of modeled paths |
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| Modeled 5-yr equity (median) | $136,307 |
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| Range (10th to 90th pct) | $79,351 to $203,739 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Asheville, NC where local data is thin.
Local home values
Typical home values in Asheville, NC have risen about 18% over the past 5 years (-3% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately