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OVERVIEW

At $55,000, this deal is priced at roughly $48/sq ft — a fraction of the ~$160/sq ft that comparable sold homes on this same street are commanding. It sits on a generous 0.62-acre lot in Lenoir, part of the Hickory-Lenoir-Morganton metro area and home to a major Google data center and Bernhardt Furniture, one of the county’s largest employers. The home will be vacant at closing, giving a buyer a clean, immediate path to renovate or hold. With sold comps within a half-mile pulling $132K–$249K, this is one of the widest spreads you’ll find on Hartland Rd.

Comp Avg (Sold): ~$185,667 | For Sale Avg: ~$207,400
Rent Avg: ~$1,150/mo | Gross Yield at Asking: 25.1%

DETAILS

Type: Single Family

Bedrooms / Baths: 3 bed / 1 bath

Living Area: 1,148 sq ft

Year Built: 1958

Lot Size: 0.62 acres

Utilities: City Water & Septic; Electricity — Duke Energy

Occupancy at Closing: Currently occupied — WILL BE vacant at closing

Closing Date: 09/08/2026

Closing Attorney: Atlas Orange

Tax Value: $118,300

Parcel ID: 06252 1 28

Annual Taxes: $760

CONDITION

• Roof approximately 26 years old (installed ~2000)
• Propane heating system — unused for ~20 years, operational status unknown
• Kerosene heater — unused for ~10 years
• HVAC system 20+ years old — operational status unknown, budget for full replacement
• City water with septic system
• Property sold as-is

COMPARABLE SALES

Pending reference: 3028 Morganton Blvd, Lenoir, NC 28645 — 1,018 sq ft — $183,000 (~$179.76/sq ft) — Pending, excluded from average

3560 Hartland Rd, Morganton, NC 28655 — 1,082 sq ft — $176,000 (~$162.66/sq ft) — Sold

4585 Hartland Rd, Lenoir, NC 28645 — 877 sq ft — $132,000 (~$150.51/sq ft) — Sold

4268 Hartland Rd, Lenoir, NC 28645 — 1,495 sq ft — $249,000 (~$166.55/sq ft) — Sold

Comp Average: ~$185,667 (~$159.90/sq ft)
Our Price: $55,000 (~$47.91/sq ft)
Your Spread: ~$130,667

This deal pencils for both flippers and buy-and-hold investors: the $/sq ft discount to sold comps is still nearly 70%, and even a conservative rehab budget leaves substantial room to profit or cash flow. With the property vacant at closing and no landlord-tenant transition required, execution risk is low.

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.