Mars Hill · Mars Hill, NC
629 Bailey Street
Mars Hill, NC · 1,765 sqft
$335,000
- 2Beds
- 2Baths
- 1,765SqFt
- 1972Year
- 1Days on market
About this home
Charming 2-bedroom, 2-bath cottage in the heart of Mars Hill! This ideally located property is just a short walk to downtown, Mars Hill University, the elementary school, walking trails, local shops, restaurants, and everyday conveniences. Situated on a spacious lot, the property offers plenty of room for gardening, recreation, outdoor entertaining, or potential future expansion opportunities (buyer to confirm).
The home features a full lower-level apartment, creating excellent flexibility for multi-generational living, rental income potential, or housing for university faculty, staff, or students. Live in the main level and rent the lower unit, or explore the possibility of renting both units (buyer to verify with the Town of Mars Hill). A large detached outbuilding provides abundant space for storage, a workshop, hobbies, or additional uses.
Conveniently located just 0.5 miles from the Mars Hill University campus, this property offers a rare combination of charm, walkability, and investment potential in one of Western North Carolina's most desirable small-town settings.
Property details
- Beds
- 2
- Baths
- 2
- SqFt
- 1,765
- Lot
- —
- Year built
- 1972
- Type
- Single Family
- Days on market
- 1
- Style
- Cottage
- Heating
- Heat Pump, Radiant
- Cooling
- Heat Pump
- Foundation
- Basement
- Flooring
- Concrete, Vinyl, Wood
- View
- Mountain(s)
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$2,465/ month
- Principal & interest
- $2,074
- Property tax (~1.05%)
- $293
- Homeowners insurance
- $97
- HOA dues
- —
Down payment
$16,750 down · $318,250 financed
Income to qualify (28% rule)
~$105,668 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.