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🔥 Littleton, NC. Lake Gaston area. 2 bed / 1 bath. 720 sq ft on nearly half an acre. Sold comps averaging $248K — priced at $80K. Land play opportunity. 🤝
💰 Asking: $80,000 | Comp Average: ~$248,333 | 🔥 Spread: ~$168,333
| Type | Single Family Residence |
| Bedrooms / Baths | 2 bed / 1 bath |
| Living Area | 720 sq ft |
| Year Built | 1974 |
| Lot Size | 0.46 acres |
| Utilities | Well & Septic |
| Occupancy at Closing | ✅ Vacant at closing |
| Closing Date | May 29, 2026 |
| Closing Attorney | Atlas Orange |
Condition Notes
🚨 CONDITION WARNING — BIOHAZARD / UNATTENDED DEATH
There was an unattended death inside the property. The interior is a biohazard scene and has not been remediated. Do not enter the property without proper protective gear. Entry is at your own risk. This property is being sold strictly for land value. Buyers should factor full remediation or demolition costs into their underwriting. No interior photos are available.
📷 NO INTERIOR PHOTOS AVAILABLE
Comparable Sales
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 111 Locus Ct | 1,150 | $284,000 | $247/sq ft | Sold Aug 2025 — 3 bed/2 bath, renovated, Lake Gaston area |
| 151 Sequoia Dr | 1,180 | $239,000 | $203/sq ft | Sold Sep 2025 — 3 bed/2 bath, renovated |
| 118 Anchor Dr | 1,188 | $222,000 | $187/sq ft | Sold Aug 2025 — 3 bed/2 bath, manufactured home |
| Comp Average (sold) | ~1,173 | ~$248,333 | ~$212/sq ft | |
| 🏷️ Our Price | 720 | $80,000 | $111/sq ft | |
| 💸 Your Spread | ~$168,333 |
All three comps are in the Lake Gaston / Wildwood Point / Spinnaker Pointe area. Note that 118 Anchor Dr is a manufactured home on a pier foundation. The other two are stick-built SFRs. Subject property is 2 bed/1.5 bath; comps are all 3 bed/2 bath. Factor the smaller footprint and biohazard condition into your numbers.
💡 Value Callout
This is a land play in the Lake Gaston corridor, where renovated homes are closing at $187–$247/sq ft. You’re buying at $111/sq ft on a nearly half-acre lot in a zip code where comparable homes are selling in the $220K–$284K range. The structure requires either full biohazard remediation or demolition — price it in accordingly. For an investor willing to tear down and build or gut and remediate, the margin here is significant. Vacant lots in this community have sold in the $40K–$70K range, which means the $80K ask includes a structure with upside attached to it, not a lot premium.
⚠️ 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.