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505 Old Home Place Dr, Marshall, NC, 28753

5beds
4baths
3,658sqft
$775,000
$212price/sqft
$4,840/moest. monthly cost
$193,600/yrincome needed

About This Home

Don't miss this Mountain Paradise on 142.5 Acres. Nestled in pristine mountains, this land offers breathtaking views and serenity. Embark on daily hikes right on your property, discovering hidden spots and panoramic vistas. The private residence combines comfort with wilderness charm. The thoughtful layout with ample storage makes it an ideal mountain escape. The land holds logging potential and opportunities to revive pastures for farming. Bring your goats, cows, and chickens! Natural springs dot the property, suitable for livestock. Beautiful stone terraces showcase craftsmanship. Just a 45-minute drive to downtown Asheville, experience the tranquil mountain life with city amenities close by.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

7/10
6/10
Madison Middle SchoolGrades 6-86.6 mi

Construction

Condition

  • Year built: 1993

Materials

  • Construction materials: Vinyl,Wood

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Exhaust Hood
  • Laundry features: Laundry Room,Main Level

Basement

  • Has basement: Yes
  • Basement: Basement Shop,Daylight

Bedroom S

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bedrooms: 1

Features

  • Fireplace features: Wood Burning Stove
  • Finished area below ground: 0
  • Finished area above ground: 3,658

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 3,658
  • Total interior livable area: 3,658 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Living Room

  • Level: Upper

Primary Bedroom

  • Level: Main

Property

Details

  • Parcel number: 8775382148
  • Zoning: R-A
  • Special condition: Standard
  • Exclusions: machiners in basement and milling and metal lathe do not convey

Features

  • Levels: Two
  • Stories: 2
  • Fencing: Fenced
  • Has view: Yes
  • View description: Mountain(s)
  • On waterfront: Yes
  • Waterfront features: None,Creek,Pond,Creek/Stream

Lot

  • Lot size: 142.50 Acres
  • Features: Green Area,Hilly,Pasture,Pond(s),Private,Sloped,Wooded,Views

Parking

  • Total spaces: 1
  • Parking features: Basement,Driveway,Attached Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Lightning
Cold Wave
Ice Storm
Landslide
Strong Wind

FEMA Declared Disasters in Madison County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,918$47,016
Home Insurance *$273$3,276
Property Taxes $309$3,708
Electricity $340$4,088
Total$4,840$58,080
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$165,942/yr
40% on housing$145,200/yr
45% on housing$129,066/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$212This listing

vs Other Active Listings

Avg $/sqft

ZIP 28753$262
Madison County$248

vs Homes Sold Last Month

Median $/sqft

ZIP 28753$294
Madison County$243

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-26Price change$775,000
2025-10-03Price change$800,000
2025-01-01Listed for sale$850,000
2024-03-16Listing removed$900,000
2023-09-21Listed for sale$950,000
2023-07-18Listing removed--
2023-07-06Price change$896,975
2023-06-29Price change$897,000
2023-06-22Price change$897,025
2023-06-15Price change$897,050
2023-06-08Price change$897,075
2023-05-25Price change$897,100
2023-04-27Price change$897,125
2023-04-20Price change$897,150
2023-04-13Price change$897,175
2023-04-06Price change$897,200
2023-03-30Price change$897,225
2023-03-23Price change$897,250
2023-03-16Price change$897,275
2023-03-09Price change$897,300
2023-03-02Price change$897,325
2023-02-23Price change$897,350
2023-02-16Price change$897,375
2023-02-09Listed for sale$897,400

For Sale by Agent

AgentAmanda Simpkins
BrokerageColdwell Banker Advantage

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