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OVERVIEW
1122 E Old Phillips Rd, Pinnacle, NC 27043
This 3 bed/2 bath modular home with land sits on a spacious 0.92-acre lot, priced at $165,000 — roughly $41,250 below the average of four comparable manufactured home sales in the nearby King, NC area, which are averaging $206,250. The county’s own tax value on this property is $228,000, well above the comp average, underscoring the strength of this price point. With city water and city sewer already in place, plus a 784 sq ft garage, this is a well-equipped property offered at a compelling discount to the surrounding market.
Comp Avg (4 Comps): ~$206,250 (~$140/sq ft)
Our Price: $165,000 ($126/sq ft)
Spread: ~$41,250
DETAILS
Type: Modular Home with Land
Bedrooms / Baths: 3 bed / 2 bath
Living Area: 1,313 sq ft
Year Built: 2006
Lot Size: 0.92 acres / 40,075 sq ft
Utilities: City Water & Septic
Occupancy at Closing: Occupied, Vacant at Closing
Closing Date: TBD
Closing Attorney: Atlas Orange
ADDITIONAL INFO
Roof Age – 20yrs old.
HVAC Age – Heating and Cooling ; not functional, needs repairs.
Septic last pump approx 10yrs ago.
Flood Zone: Low Risk
Zoning: R-E-CU
Tax Value: $228,000
Annual Taxes: $1,630
Parcel ID: 597308896018
COMPARABLE SALES
1035 Sueron Dr, King, NC 27021 — 1,728 sq ft — $215,000 ($124/sq ft) — Sold November 2025
1030 Cliff View Dr, King, NC 27021 — 1,500 sq ft — $220,000 ($147/sq ft) — Sold September 2025
2556 Ymca Camp Rd, King, NC 27021 — 1,216 sq ft — $225,000 ($185/sq ft) — Sold July 2025 (2bd/2ba, built 2023)
103 Forest Dr, King, NC 27021 — 1,571 sq ft — $165,000 ($105/sq ft) — Sold October 2025
Comp Average: ~$206,250 (~$140/sq ft)
Our Price: $165,000 ($126/sq ft)
Spread: ~$41,250
At $126/sq ft, this property is priced well under the area average — a $41,250 spread to comp value, backed further by a county tax value of $228,000 that sits above every comp in the set.
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.