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505 Kenmore Ave, Louisburg, NC 27549
DETAILS
Type: Single Family
Bedrooms / Baths: 3 bed / 1 bath
Living Area: 1,476 sq ft
Year Built: 1920
Lot Size: 0.20 acres
Utilities: City Water & Sewer
Occupancy at Closing: Vacant now
Closing Date: 10/23/26
Closing Attorney: Atlas Orange
Asking Price: $75,000
The home has no HVAC system, so a buyer will need to install one. Roof age is unknown.
COMPARABLE SALES
| Address | Home Size | $/sqft | Price | Status | Beds |
| 202 N Church St | 1,713 sq ft | $171 | $293,000 | Sold | 3 |
| 705 Kenmore Ave | 1,897 sq ft | $148 | $280,000 | Sold, same street | 3 |
| 712 Kenmore Ave | 1,268 sq ft | $174 | $220,000 | Sold, same street | 3 |
| 205 Williamson St | 1,200 sq ft | $171 | $205,000 | Sold | 3 |
| ⭐505 Kenmore Ave (SUBJECT) | 1,476 sq ft | $51 | $75,000 | Asking | 3 |
Comp Average: ~$249,500 (~$166/sq ft)
Our Price: $75,000 ($51/sq ft)
Spread: ~$174,500
OVERVIEW
This 3 bed/1 bath home on 0.20 acres is priced at $75,000, a $174,500 spread to the comp average of $249,500. Two of the four comps are on Kenmore Ave, the same street as the subject, and closed at $220,000 and $280,000. At $51/sq ft it sits far below every comp. Nearby 205 Williamson St last traded at $115,000 in March 2023 and has since sold for $205,000, a local example of what finished product commands. HVAC is the main item to budget for. Louisburg is in Franklin County, ranked the fifth-fastest-growing county in North Carolina in 2025, with a median household income of $74,655 and direct access to US-1, I-85, and I-540. That puts Raleigh and Research Triangle Park within an easy drive.
Source: Franklin County NC Economic Development
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.