$425,000
↓ $40K (8.6%)
●
House -
For Sale
223 W Park Drive
Morganton, NC 28655
5 Beds
3 Baths
2,946 Ft²
$2,087
Est. Monthly
About This Property
PRICE IMPROVEMENT-So much house for the money! Beautifully
renovated home within walking distance of downtown Morganton.
Enjoy the charm and character of this 1959 built home with
all the modern updates. Open great room with exposed beam
ceilings over the living, dining and kitchen areas. All new kitchen
counters, cabinets and appliances. Main level primary suite
has spacious ensuite bath with double sinks, large walk in shower
and two closets. Additional 2 bedrooms and hall bath on the
main floor as well as a large laundry room with sink and pocket
office area. Plenty of space to spread out with the finished
lower level. Open family room with 2 more bedrooms and full
bath. Convenient entry off driveway. Brand new deck off
main level dining area as well as supersized covered front porch
and rear brick & concrete patio space for outdoor living. With all
new electrical, plumbing, HVAC, roof, gas tankless water heater,
Hardi and shake siding, theres nothing left to do but move in and
enjoy your new home. Sellers will consider all reasonable offers!
Unit Size
2,946 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$144
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959
Listed By
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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: 15 days ago (CANOPYMLS #CAR4357060)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 10, 2026 | Price Decreased |
$425,000
↓ $40K
(8.6%) | |
| Price Decreased | |||
| Jul 3, 2026 | Price Decreased |
$465,000
↓ $20K
(4.1%) | |
| Price Decreased | |||
| Mar 16, 2026 | Listed by Engel & Volkers Foothills Lake James | $485,000 | |
| Listed by Engel & Volkers Foothills Lake James | |||
| Dec 31, 2025 | No longer available | - | |
| No longer available | |||
| Sep 9, 2025 | Price Decreased |
$495,000
↓ $30K
(5.7%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: Driveway
Interior Details
Full Bathrooms: 3
Interior Features: Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Storage, Walk-In Closet(s)
Appliances: Dishwasher, Electric Range, Gas Water Heater, Tankless Water Heater
Flooring Type: Vinyl
Door Features: French Doors, Insulated Door(s)
Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level, Sink, Washer Hookup
Has Fireplace
Fireplace Features: Great Room
Basement: Daylight, Exterior Entry, Finished, Full, Interior Entry, Sump Pump, Walk-Out Access
Exterior Details
Square Footage: 2946
Security Features: Smoke Detector(s)
Architectural Style: Ranch
Year Built: 1959
Waterfront Features: None
Levels: One
Other Structures: None
Window Features: Insulated Windows
Construction Materials: Cedar, Hardboard Siding
Patio and Porch Features: Covered, Deck, Front Porch
Lot Features: Rolling Slope, Wooded, Views
Lot Size Area: 0.26
Lot Size Units: Acres
Lot Size Acres: 0.26
Lot Size Square Feet: 11325.6
Water Source: Public
Financial Details
Tax Assessed Value: $454,254
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Electric, Heat Pump
Heating Type: Central, Electric, Forced Air, Heat Pump
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
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Currently no similar homes aroundNearby Rentals
Listed by: Polly Leadbetter, Engel & Volkers Foothills Lake James
Last Updated: 15 days ago
Data Source: CANOPYMLS, MLS# CAR4357060
Last Updated: 15 days ago
Data Source: CANOPYMLS, MLS# CAR4357060
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.
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