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311 Beall St NW, Lenoir, NC 28645
OVERVIEW
At $81/sq ft against a comp average of $137/sq ft, this deal offers close to $60/sq ft of built-in equity before any work is done. The same-street comp alone sold for $307,000, nearly double the ask. Strong margin for a flip, and the yield still works for a buy-and-hold at asking.
Comp Average: ~$300,333 (~$137/sq ft)
Our Price: $169,000 ($81/sq ft)
Your Spread: ~$131,333
COMPARABLE SALES
308 Beall St NW, Lenoir, NC 28645 — 1,896 sq ft — $307,000 ($162/sq ft) — Sold, same street, smaller home
1412 Mimosa Ln NW, Lenoir, NC 28645 — 2,293 sq ft — $325,000 ($142/sq ft) — Sold
408 Spring St NW, Lenoir, NC 28645 — 2,468 sq ft — $269,000 ($109/sq ft) — Sold, as-is, dated
DETAILS
Type: Single Family
Bedrooms / Baths: 3 bed / 2 bath
Living Area: 2,079 sq ft
Year Built: 1920
Lot Size: 0.253 acres (11,000 sq ft)
Utilities: City Water & Sewer
Occupancy at Closing: Post occupancy. Seller needs 14 days after closing to vacate. 50% of proceeds held by closing attorney to protect buyer until vacancy is confirmed.
Closing Date: 09/09/26
Closing Attorney: Atlas Orange
Tax Value: $192,600
Electricity: Duke Energy
Gas: Nat gas heater and water heater, Piedmont Gas
CONDITION
- Roof approximately 4 years old
- HVAC: gas furnace, 10+ years old, heat only
Comp Average: ~$300,333 (~$137/sq ft)
Our Price: $169,000 ($81/sq ft)
Your Spread: ~$131,333
This 3 bed 2 bath, 2,079 sq ft single family home is priced at just $81/sq ft, well under the same-street comp at $162/sq ft and the neighborhood average near $138/sq ft. Located in the city limits of Lenoir, minutes from downtown, which just earned its 2026 National Main Street Accreditation for ongoing revitalization and investment. Lenoir sits at the gateway to the High Country, with easy access to Boone, Blowing Rock, and Hickory via Hwy 321 and 64. The home sits on a 0.253 acre city lot with city water and sewer, a newer roof, and post-closing occupancy already locked in with seller.
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.