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OVERVIEW
91 Catawba Ln, Brevard, NC 28712
At $140,000, this deal is priced roughly $196,700 below the renovated comp average of $336,667 in the immediate area — a spread of nearly $159/sqft against fully updated recent sales. The property sits on a private 2.1-acre lot with well & septic, giving a buyer room and privacy rare at this price point, and will be vacant at closing so rehab can start immediately. Brevard anchors Transylvania County’s outdoor tourism economy — minutes from Pisgah National Forest, DuPont State Forest, and downtown’s Main Street corridor — with steady buyer and renter demand from remote workers, retirees, and second-home buyers drawn to the area. Needs a new roof and HVAC, but even after rehab costs the spread to ARV remains substantial.
ARV (Sold Comps): ~$336,667 (~$306/sqft)
Rent Avg: ~$1,995/mo (post-repair)
DETAILS
Type: Single Family Home
Bedrooms / Baths: 3 bed / 1 bath
Living Area: 950 sq ft
Year Built: 1983
Lot Size: 2.1 acres
Utilities: Well & Septic
Occupancy at Closing: Will be vacant at closing
Closing Date: 7/27
Closing Attorney: Atlas Orange
CONDITION
- Needs new roof
- Needs new HVAC
- Property sold as-is
COMPARABLE SALES
565 Nicholson Creek Rd, Brevard, NC 28712 — 1,111 sqft — $390,000 ($351/sqft) — Sold Nov 2025
825 Pole Miller Ext, Brevard, NC 28712 — 1,004 sqft — $325,000 ($324/sqft) — Sold Jul 2025
120 Wolf Pen Cove Rd, Brevard, NC 28712 — 1,220 sqft — $295,000 ($242/sqft) — Sold Nov 2025
Comp Average: ~$336,667 (~$306/sqft)
Our Price: $140,000 ($147/sqft)
Your Spread: ~$196,667
Even after budgeting for a new roof and HVAC system, the spread between the $140,000 asking price and the $336,667 renovated comp average leaves substantial room for a flip. The rental math also holds up post-repair, with a projected ~17.1% gross yield at asking for a buy-and-hold exit.
DISCLAIMER — Please Read Before Submitting an Offer
Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal.
Closing will occur as quickly as possible, but no longer than 30 calendar days.
Buyer pays all closing costs — closing costs are NOT included in the asking price.
Taxes will be prorated and split between parties.
$495 transaction fee payable to Bright Home Offer LLC.
Closing will be conducted with our closing attorney.
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing.
No clean-out or clean-up of any kind will be completed.
Property will not be broom clean at closing.
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either:
Negotiate your commission/fee directly with your client, separate from the wholesale price, or
Adjust the wholesale price upward to include your fee.
If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.