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🔥 Broadway, NC. Single family. 3 bed / 2 bath. 1,432 sq ft on nearly half an acre. City water & sewer. Sold comps averaging $263K — priced at $169K. That’s $94K below market. 🤝
💰 Asking: $169,000 | Comp Average: ~$262,680 | 🔥 Spread: ~$93,680
| Type | Single Family Residence |
| Bedrooms / Baths | 3 bed / 2 bath |
| Living Area | 1,432 sq ft |
| Year Built | 1985 |
| Lot Size | 0.47 acres |
| Utilities | City Water & City Sewer |
| Occupancy at Closing | ⚠️ Seller needs 15 days post-closing to vacate |
| Closing Date | June 10, 2026 |
| Closing Attorney | Atlas Orange |
Roof Age – 15+ yrs.HVAC Age – heating and cooling; System is less than 2yr old.
🚨 OCCUPANCY AT CLOSING
Seller will remain in the property for up to 15 days after closing. 50% of sale proceeds will be held back until the Seller vacates. Factor this into your underwriting and financing plan. Buyers must be comfortable with a delayed vacancy and holdback structure.
Comparable Sales
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 117 Johnson St | 1,530 | $278,000 | $182/sq ft | Sold Apr 2026 — 3 bed/2 bath, updated |
| 201 McLeod Ave | 1,974 | $273,500 | $139/sq ft | Sold Mar 2026 — 3 bed/2 bath, renovated, larger sq ft |
| 215 Edgewater Dr | 1,663 | $269,900 | $162/sq ft | Sold Jan 2026 — 3 bed/2 bath, updated |
| 118 Hunter Dr | 1,650 | $263,000 | $159/sq ft | Sold Mar 2026 — 3 bed/2 bath |
| 301 Edgewater Dr | 1,538 | $250,000 | $163/sq ft | Pending — not included in avg |
| 709 Burgess Cir | 1,208 | $229,000 | $190/sq ft | Sold Oct 2025 — 3 bed/2 bath, smaller sq ft |
| Comp Average (sold) | ~1,605 | ~$262,680 | ~$166/sq ft | |
| 🏷️ Our Price | 1,432 | $169,000 | $118/sq ft | |
| 💸 Your Spread | ~$93,680 |
301 Edgewater Dr is pending and excluded from the comp average. 201 McLeod Ave is a notably larger home at 1,974 sq ft — the lower $/sq ft reflects the size premium; all other sold comps range from $159–$190/sq ft.
💡 Value Callout
Updated and renovated homes in Broadway are closing at $159–$190/sq ft. This property is priced at $118/sq ft — at least $41/sq ft below any sold comp on a per-square-foot basis. The closest size match (709 Burgess Cir, 1,208 sq ft) sold for $229K in Oct 2025. The subject is 224 sq ft larger and priced $60K lower. The pending at 301 Edgewater Dr (1,538 sq ft) is under contract at $250K. Broadway is an active market with all five sold comps closing in the last seven months. The math is clean — you’re buying a 1,432 sq ft SFR with city utilities at nearly a $94K discount to where this market is currently trading.
⚠️ 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 do not represent the owner.
🚫 Do not contact the Seller directly. Any attempt to contact, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed without our explicit written consent and execution of a joint venture agreement.
🔍 Due Diligence
Buyers are responsible for their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
💰 Offer & Deposit Terms
- $5,000 non-refundable deposit due within 24 hours of signing
- Closing no longer than 30 calendar days
- Buyer pays all closing costs — not included in asking price
- Taxes prorated and split between parties
- $495 transaction fee payable to Bright Home Offer LLC
- Closing through our closing attorney
🏚️ As-Is Terms
Property is offered as-is, where-is, no warranties. By submitting an offer you accept these terms.
- ❌ No repairs or improvements prior to closing
- ❌ No clean-out or clean-up of any kind
- ❌ Property will not be broom clean at closing
🤝 Realtors & Wholesalers
The wholesale price does not include your commission or fee. You may either negotiate your fee directly with your client or adjust the wholesale price upward to account for it. If you’d like to be compensated by us, include those terms in your offer or reach out before submitting.