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John KurtzNational Real Estate

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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.

Location

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.