Calling all investors! This home as well as surrounding lots which are also listed, are in need of a full remodel to meet current code and receive a new certificate of occupancy.
These homes are great for a buy and hold or rental opportunity. Homes on the same street rent for $1350/month. These homes have great potential!
7 categories
Doorify MLS #10179853$60,000$70/sqft Doorify MLS #10179853$60,000$70/sqft Doorify MLS #10179853$60,000−$30,000 · −33.3%$70/sqft Doorify MLS #10132426$90,000$105/sqft Doorify MLS #10132426$90,000$105/sqftNear 402 Spring Court · Henderson, NC 27536
Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.
Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.
When looking at this sold listing on Thomas Street, we see a very similar investment profile to 402 Spring Court. Both homes are positioned as 'as-is' opportunities requiring significant work to reach their full potential. While the home on Thomas Street sold for a lower total price, it was also slightly smaller and offered a bit more land for the buyer. The interior photos of both properties show they are essentially blank canvases for a complete remodel.
The home on Beacon Avenue offers a bit more architectural character with its cottage-style porch, but like 402 Spring Court, it was sold as a project needing a full overhaul. This property is larger and sits on a significantly bigger lot, which explains the higher sales price. When we look at the cost per square foot, 402 Spring Court is actually slightly more affordable, though it lacks the extra yard space found here.
This home on State Street gives us a great look at what 402 Spring Court could become after a renovation. This sold listing features fresh paint, updated flooring, and a clean, move-in-ready interior that commanded a much higher price per square foot. The $38,000 price difference between the two homes effectively represents the 'sweat equity' or renovation budget an investor would need to put into the home for sale to reach this level of finish.
This level of clarity is how we work with every buyer and seller.
When you partner with Second Story Realty, you get a team that studies the market deeply, explains the “why” behind the numbers, and guides you with transparency at every step.
You can contact us to talk strategy, ask questions, or schedule a showing, we will help you take the next step with confidence.
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Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
