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OVERVIEW
108 Brookhill Rd, Shelby, NC 28150
At $139,000 ($95/sqft), this 2-bed/1-bath home sits below both the neighborhood’s as-is floor ($123/sqft) and its renovated comp average ($177/sqft). With a newer HVAC system (5 years old, still operational for both heating and cooling) already in place, this is a strong value even before factoring in upside. The 0.3-acre lot in Shelby puts this within easy reach of Uptown Shelby and Highway 74, with quick access to the greater Charlotte-Gastonia corridor.
As-Is Floor: ~$169,000 (~$123/sqft)
ARV (Renovated Comps): ~$235,000 (~$177/sqft)
Our Price: $139,000 ($95/sqft)
Spread to ARV: ~$96,000
DETAILS
Type: Single Family Home
Bedrooms / Baths: 2 bed / 1 bath
Living Area: 1,460 sq ft
Year Built: 1943
Lot Size: 0.3 acres / 13,090 sq ft
Utilities: City Water & City Sewer
Occupancy at Closing: Vacant now
Closing Date: 08/03/26
Closing Attorney: Atlas Orange
ADDITIONAL INFO
Tax Value: $181,389
Annual Taxes: $1,805
Parcel ID: 17928
Zoning: R10
CONDITION
- City water and sewer
- Electric service through City of Shelby
- No gas service
- Roof age unknown
- HVAC is 5 years old, still operational (both heating and cooling)
COMPARABLE SALES
As-Is Comps:
323 Clegg St, Shelby, NC 28150 — 1,260 sq ft — $183,000 ($145/sq ft) — Sold, as-is, needing full renovation
1547 Kings Rd, Shelby, NC 28150 — 1,543 sq ft — $155,000 ($100/sq ft) — Sold, as-is
Renovated/Market-Rate Comps:
702 Grover St, Shelby, NC 28150 — 1,333 sq ft — $260,000 ($195/sq ft) — Sold
725 W Graham St, Shelby, NC 28150 — 1,292 sq ft — $225,000 ($174/sq ft) — Sold, updated kitchen
511 W Sumter St, Shelby, NC 28150 — 1,355 sq ft — $220,000 ($162/sq ft) — Sold, move-in ready
As-Is Floor: ~$169,000 (~$123/sq ft)
ARV (Renovated Comp Avg): ~$235,000 (~$177/sq ft)
Our Price: $139,000 ($95/sq ft)
Spread to ARV: ~$96,000
This deal works well for both sides of the table: flippers get a ~$96,000 spread to the renovated comp average, while the price already lands below even the as-is floor on a $/sqft basis — a strong number either way.
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.