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DETAILS
Type: Manufactured Home with Land
Bedrooms / Baths: 3 bed / 2 bath
Living Area: 1,352 sq ft
Year Built: 2000
Lot Size: 0.46 acres / 20,038 sq ft
Utilities: Well & Septic
Occupancy at Closing: Vacant
Closing Date: 10/19/26
Closing Attorney: Atlas Orange
Asking Price: $65,000
Annual taxes are $525 (Parcel ID 294400001400). Well and septic, electric through Lumbee River, no gas. Roof is 15+ years old. HVAC is operational for heating and cooling and is 15+ years old. Will be vacant at closing. Sold as-is.
COMPARABLE SALES
| Address | Home Size | $/sqft | Price | Status | Beds |
|---|---|---|---|---|---|
| 143 Russell Rd | 1,154 sq ft | $129 | $149,000 | Sold | 3 |
| 151 Mayberry Dr | 1,216 sq ft | $156 | $190,000 | Sold (8 acres) | 3 |
| 154 Butterfly Ln | 1,836 sq ft | $97 | $179,000 | Sold | 3 |
| 4987 Shannon Rd | 2,059 sq ft | $123 | $253,000 | Sold | 3 |
| ⭐ 249 Cook Rd (SUBJECT) | 1,352 sq ft | $48 | $65,000 | Asking | 3 |
Comp Average: ~$192,750 (~$126/sq ft)
Our Price: $65,000 ($48/sq ft)
Spread: ~$127,750
OVERVIEW
This 3 bed/2 bath manufactured home comes with its own 0.46 acre lot, will be vacant at closing, and is priced at $65,000, a ~$127,750 spread to the comp average of $192,750. At $48/sq ft against a ~$126/sq ft comp average, it is priced at well under half of what nearby homes have sold for, including a 3 bed on Russell Rd that sold for $149,000 at a smaller 1,154 sq ft. Shannon offers a quiet rural setting within commuting distance of Raeford, Fayetteville, and Fort Bragg, which keeps steady demand for affordable 3 bedroom rentals in the area. The HVAC is operational, annual taxes are only $525, and the land is included, so this works as a low-entry rental hold or a value-add resale. The roof and HVAC are both 15+ years old, so budget for updates.
Comp Avg (Sold): ~$192,750 | For Sale Avg: ~$200,000 (28386 average list)
Rent Avg: ~$1,000/mo | Gross Yield at Asking: ~18.5%
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.