227 Merchant St
Asheville, NC 28803
3 bd 3 ba 1,705 sqft Built 2004 Lot 10,890 sqft single_family
Most recent sale
$485,000
Oct 20, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 20, 2022 | Sold | $485,000 | MLS #3900043 |
| Aug 30, 2022 | Listed | $499,000 | MLS #3900043 |
| Oct 19, 2015 | Listing removed | $250,000 | NWCarolina |
| Oct 12, 2015 | Sold | $245,000 | MLS #NCM593188 |
| Oct 8, 2015 | Listed | $250,000 | MLS #NCM593188 |
| Sep 6, 2015 | Listed | $250,000 | MLS #NCM593188 |
| Sep 3, 2015 | Listed | $250,000 | MLS #593188 |
| Jun 9, 2008 | Sold | $220,000 | Public Record |
| Nov 1, 2004 | Sold | $134,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $214,600 | $71,700 | $286,300 | $2,830 |
| 2024 | $214,600 | $71,700 | $286,300 | $2,653 |
| 2023 | $214,600 | $71,700 | $286,300 | $2,579 |
| 2022 | $214,600 | $71,700 | $286,300 | $2,550 |
| 2021 | $214,600 | $71,700 | $286,300 | $2,551 |
| 2020 | $173,600 | $51,300 | $224,900 | $2,154 |
| 2019 | $173,600 | $51,300 | $224,900 | $2,154 |
| 2018 | $173,600 | $51,300 | $224,900 | $2,154 |
| 2017 | $173,600 | $51,300 | $224,900 | $2,177 |
| 2016 | $157,800 | $26,100 | $183,900 | $1,984 |
| 2015 | $157,800 | $26,100 | $183,900 | $1,984 |
| 2014 | $140,100 | $26,100 | $166,200 | $1,768 |
| 2013 | $140,100 | $26,100 | $166,200 | $1,768 |
| 2012 | $136,600 | $26,300 | $162,900 | $1,539 |
| 2011 | $136,600 | $26,300 | $162,900 | $1,539 |
| 2010 | $136,600 | $26,300 | $162,900 | $1,539 |
| 2009 | $136,600 | $26,300 | $162,900 | $1,539 |
| 2008 | $136,600 | $26,300 | $162,900 | $1,539 |
| 2007 | $136,600 | $26,300 | $162,900 | $1,539 |
Property facts
Year built
2004
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
1,705 sqft
Lot size
10,890 sqft
ZIP code
28803
City
Asheville
Street
Merchant St
Coordinates
35.55906, -82.51526
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,302
Gross rental yield
5.70%
Implied cap rate
3.70%
Trend-extrapolated value
—
Frequently asked questions
When did 227 Merchant St last sell?
227 Merchant St most recently sold on Oct 20, 2022 for $485,000.
What is the current tax assessment for 227 Merchant St?
The most recent total assessment for 227 Merchant St (year 2025) is $286,300 with $2,830 in property tax.
How does 227 Merchant St's assessment compare to its last sale price?
The current assessment is 41.0% below the last sale price of $485,000.
When was 227 Merchant St built?
227 Merchant St was built in 2004.
How does 227 Merchant St compare to others on Merchant St?
We track 8 other properties on Merchant St. Browse the list under "Other properties on Merchant St" to compare beds, baths, and sale history.
What are the property facts for 227 Merchant St?
227 Merchant St is a 3 bed, 3 bath, 1,705 sqft, 10,890 sqft lot single_family.
Is 227 Merchant St a flip candidate?
No — 227 Merchant St does not appear in our flips dataset.
Is 227 Merchant St a tax-appeal candidate?
No — 227 Merchant St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.0%
Implied 1-yr
-11.8%
2026 Q3
$830.6K
2026 Q4
$830.6K
ZIP 28803 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Merchant St