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14 Penelope Street

Black Mountain, NC 28711
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Bed 3

Bed

Bath 3

Bath

SqFt1,500

Sqft

Acres0.47

Acre(Lot)

Rare opportunity to own a fully renovated property just a short walk from charming downtown Black Mountain. Situated on a quiet, private corner lot with no damage from Hurricane Helene, this exceptional offering includes a beautifully updated brick main home and a separate income-producing accessory dwelling unit (ADU), making it ideal for multigenerational living, short- or long-term rental income, or a private guest retreat. The main residence has been thoughtfully transformed from top to bottom, featuring a durable metal roof, new HVAC, updated plumbing, most new electrical, and a newly permitted finished basement that nearly doubles the home's living space. Now offering 3 bedrooms and 2.5 bathrooms, the home blends timeless character with modern finishes throughout. A hidden speakea sy adds a one-of-a-kind entertaining space that is sure to impress family and friends. The detached 2-bedroom, 1-bath ADU has also been completely renovated and has a proven rental history with consistent occupancy, providing immediate income potential. Outside, enjoy mature landscaping, a one-car garage, and parking for four or more vehicles—an uncommon convenience this close to downtown. Whether you're looking for a primary residence with supplemental income, an investment property, or a flexible family compound, this turnkey property offers outstanding value in one of Black Mountain's most desirable walkable locations.

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Detail Ic Property Details

Property Type : Residential

Price : $665,000

AD Id : 86612713

MLS Id : CAR4394587

Beds : 3

Lot Size : 0.47 Acre

Living Area Size : 1,500

Year Built : 1965

Garage : 1

County : Buncombe

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Feature Features

  • Bedroom Information

    Total Bedroom: 3

    Bathroom Information

    Total Baths: 3 Full Baths: 2 Half Baths: 1

    Room Information

    Has Basement: Yes

    Interior Features

    Roof: Metal Appliances: Electric Oven, Electric Range, Electric Water Heater, Refrigerator Laundry Features: In Basement

    Roofing Information

    Metal
  • Flooring Information

    Flooring: Carpet, Linoleum, Wood Construction Materials: Brick Full
  • Heating & Cooling

    Heating: Forced Air, Heat Pump, Oil Cooling: Ceiling Fan(s), Central Air, Heat Pump WaterSource: City

  • Building Information

    Year Built: 1965

  • Lot Information

    Lot Description: Corner Lot, Private, Wooded Lot Size Area: 0.47 acre

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Style: Ranch

  • Listing Price Information

    Original List Price:$665000

  • Tax Information

    Tax Assessed Value: 588000 Parcel Number: 0710-31-1163-00000

  • Parking Information

    Open Parking: two areas to park, by or in the garage or on the other side of the house there is a parking area for 2+ cars Driveway, Attached Garage, Garage Faces Side

    Garage Information

    Has Garage: Yes Garage Space: 1

  • School Information

    Elementary School: Black Mountain Junior High School: Charles D Owen Senior High School: Charles D Owen
  • Utility Information

    Sewer: Public Sewer Water Source: City
  • Location Information

    Subdivision: none City: Black Mountain Direction: From Asheville, take I-240 E to I-40E to exit 64. Take a left on NC-9 towards Black Mountain/Montreat. Take a right onto Sutton Ave and a left onto S. Ridgeway Ave. Take a left onto 1st St and a right onto Montreat Rd. Take a left onto W. Cotton Ave and a right onto Penelope St. The homes will be on your left.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
48 & 50 Wild Turkey Run, Black Mountain, NC, 28711 $579,000 3 3 1,629 1,629 SqFt
173 Camp Elliott Road, Black Mountain, NC, 28711 $619,900 3 3 2,329 2,329 SqFt
2380 Old Fort Road, Black Mountain, NC, 28711 $950,000 5 2.0 1,236 1,236 SqFt
20 Laurel Cottage Lane, Black Mountain, NC, 28711 $439,000 2 2 1,440 1,440 SqFt
140 Elijah Hall Road, Black Mountain, NC, 28711 $749,000 3 3 2,008 2,008 SqFt
78 Bird Creek Estates R.., Black Mountain, NC, 28711 $465,000 2 2 1,571 1,571 SqFt
826 Shumont Road, Black Mountain, NC, 28711 $519,000 3 3 1,300 1,300 SqFt
488 Warbler Lane, Black Mountain, NC, 28711 $3,250,000 3 4 3,936 3,936 SqFt
192 Woodruff Lane, Black Mountain, NC, 28711 $1,790,000 5 4 3,000 3,000 SqFt
65 Roy Lane, Black Mountain, NC, 28711 $369,500 3 3 1,671 1,671 SqFt
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ByOwner last updated this listing 07/01/2026 @ 18:20

MLS: CAROLINA #4394587 LISTED BY: Eddie Colley, Keller Williams Professionals 828-669-5220 SOURCE: CAROLINA (Canopy MLS) (Listings courtesy of CAROLINA (Canopy MLS) as distributed by MLS GRID)

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