$249,900
●
House -
In Contract
101 Falls Street
Morganton, NC 28655
3 Beds
2 Baths
1,559 Ft²
$1,228
Est. Monthly
About This Property
PRICE IMPROVEMENT. Charming ranch in desirable Forest Hill
location near downtown Morganton. Many updates but many of the
original details remain. Natural and painted hardwood floors
in bedrooms and living areas. Large kitchen with slate floors
and bar seating. Formal dining room and cozy living room with
woodburning fireplace and tons of natural light. Attached
sunroom off the kitchen with laundry. Primary bedroom has an
updated bathroom with tile floor and shower. Two additional
bedrooms share the hall bath. Attached carport and additional
shed for storage. Lovely side patio provides a private place
to relax outside. Partially shared drive. Roof replaced in 2023.
New heat pump/air exchanger for AC installed 2026. Walk to
downtown Morganton and easy access to I-40.
Unit Size
1,559 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$160
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1948
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 28 days ago (CANOPYMLS #CAR4388949)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 27, 2026 | In contract | - | |
| In contract | |||
| Sep 23, 2026 | Price Decreased |
$249,900
↓ $5K
(2%) | |
| Price Decreased | |||
| Aug 7, 2026 | Price Decreased |
$254,900
↓ $5K
(1.9%) | |
| Price Decreased | |||
| Jul 9, 2026 | Price Decreased |
$259,900
↓ $2K
(0.8%) | |
| Price Decreased | |||
| Jun 10, 2026 | Listed by Engel & Volkers Foothills Lake James | $261,900 | |
| Listed by Engel & Volkers Foothills Lake James | |||
Show More
Property Highlights
Air Conditioning
Fireplace
With View
Parking Details
Has Carport
Parking Features: Attached Carport, Driveway
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar
Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Flooring Type: Slate, Tile, Wood, See Remarks
Door Features: Storm Door(s)
Laundry Features: Electric Dryer Hookup, Inside, Main Level, Washer Hookup, See Remarks
Has Fireplace
Fireplace Features: Living Room, Wood Burning
Basement: Exterior Entry, Partial, Sump Pump, Unfinished
Exterior Details
Square Footage: 1559
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Architectural Style: Ranch
Year Built: 1948
Waterfront Features: None
Levels: One
Other Structures: Shed(s)
Window Features: Insulated Windows
Construction Materials: Cedar, See Remarks, Brick Partial
Patio and Porch Features: Front Porch, Patio
Lot Features: Level
Lot Size Area: 0.36
Lot Size Units: Acres
Lot Size Acres: 0.36
Lot Size Square Feet: 15681.6
Water Source: Public
Financial Details
Tax Assessed Value: $191,056
Utilities Details
Cooling Type: Central Air, Electric, Heat Pump, Other - See Remarks
Heating Type: Central, Forced Air, Oil
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Morganton
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Polly Leadbetter, Engel & Volkers Foothills Lake James
Last Updated: 28 days ago
Data Source: CANOPYMLS, MLS# CAR4388949
Last Updated: 28 days ago
Data Source: CANOPYMLS, MLS# CAR4388949
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017