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Active
$478,500 Est. $3,297/mo — Get pre-qualified
4beds 2baths 2,130sq ft 0.42acres

490 Cranberry Street · Newland, NC 28657

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Huge price reduction, sellers are motivated to sell this fall. Twofer!!! Options!!! Two parcels on Cranberry street, a recently renovated classic Craftsman house (#490), PLUS a separate ADU/cottage (#494). The fully furnished one bedroom cottage currently rents for $1,400 per month and would cover half the principal and interest on a 30yr loan!!! But it could be office or other commercial use when the current lease expires. There are no use restrictions. Both properties underwent extensive renovations in 2023 which included metal roof, Hybrid HVAC, all new kitchen, bathrooms, finishing of the front enclosed porch and more for the house. The cottage was a full interior rebuild. The flat yard is completely fenced for Dogs and Kids. *** The parking and entrance are around the corner off of Sam Ray St.***. Walk to the courthouse square via Park Street. The location on Cranberry St means you wont' need to worry about getting snowed in because the road is state maintained and always well cleared. Most town services, ie EMS, Fire, are just across the street. Cannon hospital less than 15 minutes away. Broker interest.

Features & Amenities

Living Area2,130 Sq.Ft.
Bedrooms4
Baths2
FireplaceYes
Year Built1928
StatusActive
Lot Size0.42 Acres
CountyAvery
Property TypeResidential
Property SubTypeSingle Family Residence
Days on Market103
Last UpdatedSep 2, 2026
HOANo
ElementaryNewland Elementary School
MiddleAvery Middle School
HighAvery County High School
Presented By: Claybank Investors; tom@tomgolder.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Pricing History

DateEventPriceChange
Sep 2, 2026 Price Reduced $524,500 → $478,500 ▾ $46,000 (8.8%)
Jun 15, 2026 Price Change $499,000 —

Monthly Cost Estimate

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* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

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High Country Association of REALTORS (HCAOR) © Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Last Update: Sep 2, 2026