129 S Bullock Street · Henderson, NC 27536

This sold listing just down the street highlights the value of a finished product versus a project. While it sold for a much lower price, the photos show it was a complete 'investor special' with exposed drywall, missing flooring, and no kitchen. 129 S Bullock Street is move-in ready with modern updates and a metal roof, so the higher price tag is expected for a home in significantly better condition. It is hard to compare a construction site to a finished home, but this shows the baseline for the neighborhood.

This property was a true restoration opportunity, selling at a deep discount because of its boarded-up windows and unfinished interior. Even though it offered more square footage than 129 S Bullock Street, the amount of work required to make it livable was substantial. The home for sale is positioned as a finished alternative for buyers who want to avoid the stress and cost of a major overhaul. The price difference reflects the 'sweat equity' required for the Harriett Street property.

This is a very telling comparison because the home on E Avenue was also recently updated with a modern feel, much like 129 S Bullock Street. However, even though it was smaller—which usually results in a higher price per square foot—it still sold for significantly less per foot than the home for sale. While 129 S Bullock Street offers more space and a carport, the price premium being asked is quite high compared to this recently renovated sale. Both homes offer a similar level of 'move-in ready' appeal.