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284 Chestnut St, Mars Hill, NC, 28754

5beds
3baths
4,018sqft
$500,000
$124price/sqft
$3,317/moest. monthly cost
$132,680/yrincome needed

About This Home

SUBDIVIDE-ABLE lot Ideally positioned on the corner of Chestnut and Main, this spacious 5 bedroom, 3 bathroom home offers a rare opportunity to enjoy all that downtown Mars Hill has to offer just steps from your front door. Perfectly situated to take in all four seasons as the charm and energy of downtown unfold, this home combines convenience, space, and mountain-town living. Inside, you’ll find generous living areas ready for the next owner to reimagine and make their own without sacrificing functionality or square footage. Additional features include a finished basement with kitchenette, a 2-car garage with abundant storage, and mountain views. Outside, enjoy a spacious back patio, extra-large level yard, and rare double lot offering flexibility, privacy, and room to spread out—all within walking distance to shops, dining, and everything downtown Mars Hill has to offer.

Getting Around

19
WalkingCar-Dependent
0
TransitVery Limited Transit
14
BikeSomewhat Bikeable

Schools

6/10
5/10
Madison Middle SchoolGrades 6-89.5 mi
4/10
Madison High SchoolGrades 9-127.2 mi

Construction

Condition

  • Year built: 1969

Materials

  • Roof: Metal
  • Construction materials: Brick Full

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Oven,Refrigerator
  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Apartment,Daylight,Exterior Entry,Full,Walk-Out Access

Bedrooms & Bathrooms

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

Features

  • Built-in Features,Storage,Walk-In Closet(s),Walk-In Pantry
  • Flooring: Wood
  • Fireplace features: Living Room
  • Finished area below ground: 1,182
  • Finished area above ground: 2,836

Heating & Cooling

  • Heating features: Oil
  • Cooling features: Ceiling Fan(s),Window Unit(s)

Interior Area

  • Total structure area: 2,836
  • Total interior livable area: 4,018 sqft

Kitchen

  • Level: Main

Property

Details

  • Parcel number: 9747962158
  • Zoning: R-A
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Front Porch
  • Fencing: Back Yard
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 1.75 Acres
  • Features: Corner Lot,Level,Open Lot,Views

Parking

  • Total spaces: 2
  • Parking features: Driveway,Attached Garage,Garage on Main Level
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Cold Wave
Ice Storm
Inland Flooding
Landslide
Strong Wind
Tornado
Wildfire
Winter Weather

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 $2,528$30,336
Home Insurance *$215$2,580
Property Taxes $200$2,400
Electricity $374$4,490
Total$3,317$39,804
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$113,725/yr
40% on housing$99,510/yr
45% on housing$88,453/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

$124This listing

vs Other Active Listings

Avg $/sqft

ZIP 28754$244
Madison County$250

vs Homes Sold Last Month

Median $/sqft

ZIP 28754$238
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)

Price History

DateEventPrice
2026-07-17Price change$500,000
2026-06-15Price change$530,000
2026-05-18Listed for sale$550,000

For Sale by Agent

AgentRyan Foley
BrokerageCentury 21 Foley Realty

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