This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/38
$425,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/38
Property Description
Welcome to 15 Merion Drive-an exceptional opportunity in Asheville that blends comfort, flexibility, and income-producing potential in one thoughtfully updated property. This home offers a rare and highly desirable setup: a fully finished lower-level basement apartment with its own kitchenette, making it ideal for long-term rental, guest accommodations, or multigenerational living. The current owners have successfully rented the downstairs unit for over a year at $1,200 per month, creating immediate and proven income. For buyers, this presents a powerful advantage-live comfortably in the main upper level while the lower unit helps offset your mortgage, significantly reducing your monthly cost of ownership. Upstairs, the home is clean, well-maintained, and move-in ready, with thoughtful improvements throughout. The kitchen features a reverse osmosis water filtration system, clean and cared-for appliances, and a new microwave. Fresh paint touches many of the walls, and the home includes new window screens, updated outlets, and electronic keypads for convenience and security. A new, energy-efficient hot water heater and mini-split systems help keep utility costs manageable year-round. The property has also been proactively maintained behind the scenes, including recently excavated plumbing to reduce the risk of future issues, as well as a brand-new dryer and a well-maintained washer. Outside, the setting is equally appealing. The home is surrounded by mature trees, offering privacy and a peaceful, secluded feel, while skylights bring in natural light and views of the landscape. Enjoy evenings around the fire pit, with ample firewood ready to go, or take advantage of the peach tree out front and pear tree in the backyard. There is also a shed for additional storage and plenty of parking for residents and guests. Location is another standout feature. Situated within walking distance to two greenways and with easy biking access to Malvern Hills Park, this home supports an active, outdoor lifestyle. You'll also appreciate the quick access to Haywood Road, Patton Avenue, and major highways including I-26 and I-40, making commuting and exploring Asheville incredibly convenient. Whether you're looking for a primary residence with supplemental income, an investment property, or a flexible living arrangement, 15 Merion Drive delivers. The ability to generate consistent rental income while enjoying the main home is a compelling financial advantage-and one that's increasingly hard to find in today's market.
Full Property Details
Full Property Details for 15 Merion Dr
General
- Price: $425,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4361227
- Updated: 3/25/2026
- Added to Site: 1 day(s) ago
Interior
- Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Washer/Dryer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main - Full Baths: 1
- Basement Baths: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms-B: 1
- Bedrooms Upper: 2
Other Rooms
- Laundry: In Basement
Parking
- Parking Features: Driveway
Location
- County: Buncombe
- Driving Directions: I-240 west to Haywood Rd, turn Rt on Haywood. Turn left on Sand Hill Rd. Turn Rt on Narbeth. Continue on Narbeth which turns into Merion. #15 on left.
School Information
- Elementary School: Asheville City
- Middle School: Asheville
- High School: Asheville
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Ductless
- Heating Type: Baseboard, Ductless
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Construction: Site Built
- Exterior Const.: Hardboard Siding
- Basement: Yes
- Basement Desc.: Apartment
- Upper: 322 Sq. Ft.
- Main/1st Level: 589 Sq. Ft.
- Year Built: 1968
Lot Features
- Street/Road Desc.: Gravel, Paved
- Rcmdd Zoning: RM6
Financial Considerations
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Property ID: 9628-70-2573-00000
- Plat: 0192/0171
- Lot Number: 6361-685
Listed by Howard Hanna Beverly-Hanks Asheville-North
Get Pre-Approved Today
Schools
Schools serving 15 Merion Dr
School District:Asheville City Schools
| Name | Grades | Distance |
|---|---|---|
Vance Elementary, Asheville, NC 98 Sulphur Springs Road, Asheville, NC 28806 | K-5 | 0.9 mi |
Hall Fletcher Elementary 60 Ridgelawn Road, Asheville, NC 28806 | K-5 | 2 mi |
Asheville High 419 McDowell Street, Asheville, NC 28803 | 9-12 | 3.2 mi |
Asheville Middle 211 South French Broad Avenue, Asheville, NC 28801 | 6-8 | 3 mi |
School Of Inquiry And Life Science 419 McDowell Street, Asheville, NC 28803 | 9-12 | 3.2 mi |
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801 | K-5 | 4 mi |
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801 | K-5 | 4.2 mi |
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804 | K-5 | 5.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 15 Merion Dr
Date
Details
Price
Change
Source
3/25/2026
Listed
$425,000
2.41%
MLS
10/25/2023
Sold
$415,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 15 Merion Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,265
86%
$296,100
70%
2023
$1,757
1%
$174,400
—
2022
$1,739
2%
$174,400
2%
2021
$1,704
12%
$170,900
21%
2020
$1,525
-50%
$141,500
-50%
2018
$3,058
-1%
$283,700
—
2017
$3,086
15%
$283,700
30%
2015
$2,683
1%
$218,300
—
2014
$2,650
—
$218,300
—
2013
$2,650
—
$218,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 15 Merion Dr
15 Merion Drive, Asheville, NC 28806 (MLS# 4361227) is a Single Family property with 3 bedrooms and 2 full bathrooms. 15 Merion Drive is currently listed for $425,000 and was received on March 25, 2026. Want to learn more about 15 Merion Drive? Do you have questions about finding other Single Family real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

