Available
$120,000(ARV: $265,000)47% of ARV

Guilford County, Gibsonville, NC 27249

3 bd2 ba1,196 sfBuilt 1986

19 days ago

Gross spread$140,000

Description

Property Details: 3 Bedrooms / 2 Bathrooms, 1,196 Sq Ft, 1.32-Acre Lot, Built 1986, Gibsonville, NC 27249 Area comps include: 3320 Huffine Mill Rd sold for $322,500 (3/2, 1,269 sqft, built 1962); 5215 Hicone Rd sold for $285,000 (3/2, 1,516 sqft, built 1973). Adjusting for the subject's smaller square footage, these recent sales support an ARV in the $250K–$270K range, making $260K a realistic resale target. Asking Price: $135,000 Estimated Renovation Cost: $40,000 Total Investment: $175,000 ARV: $260,000 Projected Profit Margin: $85,000 (48.6% ROI) 70% Rule Check (MAO): $142,000 — asking price is $7,000 under MAO, leaving room for contingency With strong demand for renovated homes on larger lots in the area, this presents an attractive value-add opportunity for investors looking for a quick turnaround project. CONTACT MIKEY FOR MORE INFO [contact details hidden] OCCUPIED – DO NOT DISTURB TENANTS. SHOWINGS BY APPOINTMENT ONLY. VACANT AT CLOSING.

Price and status history

  1. $125,000 $120,000$5,000
    Aug 4, 2026 · 43d ago
  2. Sold → Available13d live
    Aug 4, 2026 · 43d ago
  3. Available → Sold9d live
    Aug 1, 2026 · 47d ago

Observed by our own harvest of the originating listing, not a public record.

$/sqft vs market

This deal$100/sqft
Market median$198/sqft
Difference49% below

Median of 6 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms3
Bathrooms2
Square feet1,196
Lot size24,829 sf
Year built1986
ConditionMajor Repair
OccupancyVacant
ParkingAssigned

Systems & condition

Roof age4-10 yrs
HeatingFurnace · 6-10 yrs
Air conditioningCentral AC
FoundationSlab
Foundation conditionGood

Self-reported by the seller. Not inspected.

Seller

CompanyWithheld
Disposition repWithheld
Documents on file0
Views on the source listing186
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