$65,000

$95,000 31.6%

Est. payment - /mo

2 Beds

1 Bath

1,500 SqFt

UPDATED:

Key Details

Sold Price $65,000

Property Type Single Family Home

Sub Type Stick/Site Built

Listing Status Sold

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $43

MLS Listing ID 1218112

Bedrooms 2

Full Baths 1

Year Built 1920

Lot Size 7,840 Sqft

Property Sub-Type Stick/Site Built

Property Description

Below-assessed-value acquisition opportunity in Cooleemee's historic Erwin Mills neighborhood. Tax assessed at $117,120 — listed at $95,000. This 1920-built, 1,500 sq ft, 2BR/1BA mill cottage sits on a level 0.18-acre lot with city water, city sewer, & a paved, publicly maintained road. No HOA. No CCRs. The home requires a full renovation. Known scope includes: roof repair/replacement (active penetration above kitchen), kitchen rebuild (collapsed floor and ceiling), flooring throughout, and cosmetic updates. The structure is sound (crawl space foundation, architectural shingle roof on remaining sections, vinyl siding). Covered front porch, storage shed, asphalt driveway, and washer/dryer hookups are in place. Comparable renovated homes on Davie Street are selling in the $160,000–$190,000 range. At $95K acquisition plus estimated $40–60K renovation, this deal offers a realistic path to a 20%+ equity position at resale or a strong long-term rental hold in a market with limited inventory.

Location

State NC

County Davie

Interior

Heating Heat Pump, Electric

Cooling Central Air

Flooring Carpet, Wood

Laundry Dryer Connection, Washer Hookup

Exterior

Parking Features None

Fence None

Pool None

Building

Lot Description City Lot, Level

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Cooleemee

Middle Schools South Davie

High Schools Davie County

Others

Special Listing Condition Owner Sale

Read Less Info

Listed by Kirk Hanson • CK Select Real Estate
Bought with CK Select Real Estate

Nearby School & Business

Get More Information

Chad Elliot Kiger

+1(336) 287-8109

Homes for Sale Quick Search

113 Davie DR Mocksville, NC 27028