RONSTAKE
New listing — the property
Step 1 of 3 · about 20 minutes in total
Property address
218 Cumberland Avenue, Asheville, NC 28801
Beds
2
Baths
2
Square feet
1,310
Year built
1928
Photos
Drag photos here, or take them on your phone
RONSTAKE
New listing — your terms
Step 2 of 3 · all eight are required. A listing with a blank does not publish.
1 · Purchase price
$379,500
2 · Option fee
$11,385 — credits in full
3 · Monthly rent / credit
$2,300 / $580 (25%)
4 · Option term
36 months
5 · Maintenance threshold
$400 per incident
6 · Default & cure
15 days
7 · Assignment
Permitted with consent
8 · Closing window
Select…
Comparable listings in Buncombe County are crediting 22–28% of rent over 24–48 months. Yours sits mid-range.
RONSTAKE
Verification — 218 Cumberland Avenue
Usually clears in 2–4 business days. Nothing publishes until every row is green.
✓Owner of record — matched to Buncombe County deedCleared
✓Title search — no liens or clouds foundCleared
✓Eight material terms — complete, no blanksCleared
!Mortgage position — lender statement needed for due-on-saleAction needed
✓HOA — no associationCleared
Upload your most recent mortgage statement to finish. A lease option usually does not trigger a due-on-sale clause, but we check and disclose it.
RONSTAKE
Your listing is live.
218 Cumberland Avenue · published 12 August
Flat listing fee paid · one time
Commission on sale · $0
Listed until it sells
Views today
84
Saves
7
Enquiries
0
RONSTAKE
Enquiries · 3 new
D. Reyes · 218 Cumberland Avenue
D. Reyes · buyerI've read the full terms and they work for me. Could we look at splitting the option fee into two instalments? I'd also like to see the house this weekend.
YouTwo instalments works — $7,000 at signing, $5,450 at 60 days. Saturday 11am for a viewing?
Write a reply…Send
Buyers arrive having already read every term, so enquiries start at the amendment rather than at "what's the price."
RONSTAKE
Agreement generated from your terms
Residential Lease with Option to Purchase
218 Cumberland Avenue · drafted by real estate counsel · amended as agreed
Option fee split · $7,000 + $5,450
All other terms unchanged
Rowan Whitfield
Sign
We draft and check for completeness. We do not represent either party — have your own attorney review before you sign.
RONSTAKE
Option fee received
Released from escrow to you
$7,000
Second instalment $5,450
due 11 November
due 11 November
Monthly rent from
14 Sep
Rent per month
$2,300
Our commission
$0
Funds move through a licensed escrow agent. Iron Stake never holds your money.
RONSTAKE
Under option · month 22 of 36
Rent collected to date
$50,600
Buyer payments on time
22 / 22
Credits owed at closing
$25,210
Sep 202661% through the option termSep 2029
You remain the owner of record until the buyer exercises. Confirm the tax treatment of option income with your accountant — it is not uniform.
RONSTAKE
Buyer has exercised — closing in 45 days
Settlement summary
218 Cumberland Avenue · notice served 3 September 2029
Agreed price · $379,500
Less buyer credits · −$32,265
Cash at closing · $347,235
Rent collected over term · $82,800
Listing-side commission · $0
Sold. Deed recorded.
2 November 2029 · Buncombe County
Day 1 · about 20 minutes
You submit the property
Address, photos, and the basics. Photos can be taken on a phone and uploaded directly — most owners do this rather than hiring a photographer.
Cost so far: $0