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OVERVIEW
231 Copas Rd SW, Shallotte, NC 28470
At $225,000 ($107/sqft), this 3-bed/2-bath sits well below both the neighborhood’s as-is floor ($117/sqft) and its renovated comp average ($157/sqft) — a rare same-street as-is match confirms the floor while three nearby renovated sales point to real upside. The 0.75-acre lot is nearly double the size of most comps in the area, and the home is vacant now for a clean, fast close. Shallotte sits minutes from Novant Health Brunswick Medical Center in Bolivia and roughly 15-20 minutes from Ocean Isle Beach and Holden Beach, squarely between Wilmington and Myrtle Beach — a steady draw for both retirees and coastal renters.
Comp Avg (Sold): ~$225,000 (As-Is) | For Sale Avg: ~$343,000
Rent Avg: ~$1,938/mo |
DETAILS
Type: Single Family Home
Bedrooms / Baths: 3 bed / 2 bath
Living Area: 2,101 sq ft
Year Built: 1967
Lot Size: 0.75 acres
Utilities: City water & sewer
Occupancy at Closing: Vacant now
Closing Date: 07/24/26
Closing Attorney: Atlas Orange
CONDITION
- City water and sewer
- Electricity provided by Brunswick Electric
- Gas dryer hookup — gas service through Blossoms Gas
- Roof is 20+ years old
- No central HVAC system
- Property sold as-is
COMPARABLE SALES
159 Pine St — 1,920 sq ft — $225,000 ($117/sqft) — Sold 1/28/26 — as-is, needing full renovation (included in As-Is Comp Avg)
Renovated reference: 60 Country Club Dr — 2,281 sq ft — $310,000 ($136/sqft) — Sold 3/26/26 — excluded from As-Is average, included in ARV average below
Renovated reference: 39 Country Club Dr — 2,218 sq ft — $370,000 ($167/sqft) — Sold 4/30/26 — fully updated (new roof, ductwork, windows, baths) — excluded from As-Is average, included in ARV average below
Renovated reference: 28 Country Club Dr — 2,350 sq ft — $392,500 ($167/sqft) — Sold 3/31/26 — fully renovated (new kitchen, roof, ductwork, windows) — excluded from As-Is average, included in ARV average below
For Sale reference: 302 Copas Rd SW — 1,840 sq ft — $375,000 active, not sold — same street, not fully renovated — excluded from both averages (not a completed sale)
As-Is Comp Avg (Sold): $225,000 (~$117/sqft)
ARV — Renovated Comp Avg (Sold): ~$357,500 (~$157/sqft)
Our Price: $225,000 ($107/sqft)
Spread to ARV: ~$132,500
This deal works for both sides of the table: flippers get a ~$132,500 spread to the renovated comp average with room to add HVAC and modernize, while the price still lands below even the as-is floor on a $/sqft basis. On the hold side, a 10.3% gross yield at asking clears the bar comfortably for a buy-and-hold investor in this market.
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.