Nebo · Nebo, NC
185 Dulaney Drive
Nebo, NC · 1,321 sqft
$225,000
- 3Beds
- 2Baths
- 1,321SqFt
- 1981Year
- IrregularLot
- 1Days on market
About this home
ATTENTION SWEAT EQUITY BUYERS & INVESTORS!! 3BD/2BA OPPORTUNITY ON 5.23 ACRES NEAR LAKE JAMES!! >> Take advantage of this great opportunity to build equity. With some updating, this 1981 split-foyer build could yield a great ROI. Potential to subdivide and build multiple new homes, or keep as one private estate with 5.23 useable acres. Small creek on property. SPECS: 1,321 sq ft of heated living area on the main level w/additional 1,267 sq ft ready to be finished in the basement, 7'3" clearance in basement allows for future marketable living area, strong floor trusses 16" on center for a solid structure with all plumbing/HVAC/electrical above, wood-burning fireplace & wood-burning stove, Large open living/dining area, ensuite bath in master bedroom, 200-amp electrical panel with updated wiring, PVC plumbing waste lines & copper supply lines, and slate flooring in foyer. Outdoors the land is gently sloped with a small creek that runs across the property. There is also an old in-ground pool above the home that is overgrown. Assess for potential rehab or just fill in. This fixer-upper has great potential and is located off HWY 126 just 1 mile from Marion Lake Club, 2 miles from Lake James State Park, 3.7 miles from Lake James Canal Bridge Access, and 3.7 miles from I-40.
Property details
- Beds
- 3
- Baths
- 2
- SqFt
- 1,321
- Lot
- Irregular
- Year built
- 1981
- Type
- Single Family
- Days on market
- 1
- Garage
- 1
- Heating
- Electric, Heat Pump, Wood Stove
- Cooling
- Heat Pump
- Foundation
- Basement
- Flooring
- Carpet, Linoleum, Slate
Features
- Storage
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,656/ month
- Principal & interest
- $1,393
- Property tax (~1.05%)
- $196
- Homeowners insurance
- $65
- HOA dues
- —
Down payment
$11,250 down · $213,750 financed
Income to qualify (28% rule)
~$70,971 / 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.