🔥7623 Salem Chapel Rd, Walnut Cove, NC 27052. Manufactured on land. 3 bed / 2 bath. 1,248 sq ft on a full acre. Sold comps averaging $228K — priced at $120K. That’s $108K below market. 🤝
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💰 Asking: $120,000 | Comp Average: ~$228,000 | 🔥 Spread: ~$108,000
| Type | Manufactured Home WITH Land |
| Bedrooms / Baths | 3 bed / 2 bath |
| Living Area | 1,248 sq ft |
| Year Built | 2010 |
| Lot Size | 1.01 acres |
| Utilities | Well & Septic |
| Occupancy at Closing | 🚨 Tenant occupied — will be vacant at closing |
| Closing Date | May 08, 2026 |
| Closing Attorney | Atlas Orange |
Condition Notes
⚠️ Roof is original 2010 and will need attention. ⚠️ HVAC is also original 2010 — buyers should factor replacement into their rehab budget. ✅ Well head was replaced approximately one year ago. ✅ Septic was pumped approximately two years ago. Buyers are encouraged to conduct a full inspection of the well, septic, roof, and HVAC systems as part of their due diligence.
🚨 OCCUPANCY WARNING — Tenant Occupied Property is currently tenant occupied. It will be vacant at closing. Do not disturb the tenant and do not visit the property without prior coordination.
Comparable Sales
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 950 Waggoner Neal Rd | 2,052 | $325,000 | $158/sq ft | Pending — 10 acres; excluded from avg |
| 5661 Dewitt Farm Rd | 1,369 | $231,000 | $169/sq ft | Sold Nov 2025 — mfg on 1.64 acres |
| 6451 Bowman Rd | 1,360 | $225,000 | $165/sq ft | Sold Mar 2026 — mfg on 1 acre |
| Comp Average (sold) | ~1,365 | ~$228,000 | ~$167/sq ft | |
| 🏷️ Our Price | 1,248 | $120,000 | $96/sq ft | |
| 💸 Your Spread | ~$108,000 |
950 Waggoner Neal Rd is pending and sits on 10 acres — included for reference but excluded from the sold comp average.
💡 Value Callout
Sold comps for manufactured homes on acreage in this corridor are consistently landing between $165–$169/sq ft. At $96/sq ft, this property is priced roughly $70/sq ft below where the market is trading — and at $108K below the sold comp average. The roof and HVAC are original 2010, so buyers will want to price in updates, but even with a full cosmetic and mechanical rehab, the numbers have substantial room to breathe. The well head is recently replaced and septic is maintained, which removes two common unknowns from the equation. Own the home AND the acre — no lot rent, no park rules.
⚠️ 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 do not represent the owner.
🚫 Do not contact the Seller directly. Any attempt to contact, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed without our explicit written consent and execution of a joint venture agreement.
🔍 Due Diligence
Buyers are responsible for their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
💰 Offer & Deposit Terms
- $5,000 non-refundable deposit due within 24 hours of signing
- Closing no longer than 30 calendar days
- Buyer pays all closing costs — not included in asking price
- Taxes prorated and split between parties
- Closing through our closing attorney
🏚️ As-Is Terms
Property is offered as-is, where-is, no warranties. By submitting an offer you accept these terms.
- ❌ No repairs or improvements prior to closing
- ❌ No clean-out or clean-up of any kind
- ❌ Property will not be broom clean at closing
🤝 Realtors & Wholesalers
The wholesale price does not include your commission or fee. You may either negotiate your fee directly with your client or adjust the wholesale price upward to account for it. If you’d like to be compensated by us, include those terms in your offer or reach out before submitting.