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Burke 28655
2522 Saratoga Run
Photo of 2522 Saratoga Run

1

Map

$22,500
↓ $2K (8.2%)
● Land - For Sale

2522 Saratoga Run

Morganton, NC 28655
bedrooms
Studio
bathrooms
0 Bath
$111
Est. Monthly

About This Property

Fantastic opportunity to own an affordable lot in the highly desirable Salem area! Located in the peaceful Belmont subdivision, this property offers the convenience of city water hookup without the burden of HOA fees or city taxes. Plus, the lot has already passed a PERC test, making it ready for your dream home! The property has creek frontage.
Unit Size
-
Days on Market
-
Land Size
0.60 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Listed By

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Cap Rate Calculator

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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: 2 years ago (CANOPYMLS #CAR4181685)

Price History

Date / Event Date Event Price
Apr 16, 2025 Price Decreased $22,500
↓ $2K (8.2%)
Price Decreased
Mar 30, 2025 Price Decreased $24,500
↓ $2K (8.9%)
Price Decreased
Feb 5, 2025 Price Decreased $26,900
↓ $3K (10%)
Price Decreased
Sep 12, 2024 Listed by WNC Real Estate at Lake James $29,900
Listed by WNC Real Estate at Lake James

Property Highlights

Exterior Details
Lot Features: Cleared, Creek Front
Lot Size Area: 0.6
Lot Size Units: Acres
Lot Size Acres: 0.6
Lot Size Square Feet: 26136
Water Source: City
Financial Details
Tax Assessed Value: $25,750
Utilities Details
Sewer : Septic Needed

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,136
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Land Acres: 0000000600
  • Standard Land Use Code: 0010
  • Legal Description 1: BELMONT LO61

Neighborhood

  • School Tax School District: SALEM FD TAX
  • School Tax District Code 2: BURKE COUNTY TA
  • Census Tract: 021400

Geography

  • Parcel: 24069357
  • Latitude: 35.6928
  • Longitude: -81.728

    Address

  • Full Address: 2522 Saratoga Run
  • Address - House Number: 2522
  • Address - Street Name: Saratoga
  • Address - Suffix Type: Run
  • State: NC
  • City Name: Morganton
  • Zip Code: 28655

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,264

    Assessments Valuation

  • Assessed Year: 2023
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Burke

Stats & Trends

Median Asking:

$280,000

Sale Price/ft²

$189

Below Asking

0.03%

Average Days on Market

61

Average Home Size

2002 ft²

Average Home Age

-

Currently For Sale

361 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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CANOPYMLS

Listed by: Christie Leonard, WNC Real Estate at Lake James
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4181685
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.

Frequently Asked Questions

When was property at 2522 Saratoga Run built and last sold?
The property at 2522 Saratoga Run was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2522 Saratoga Run is $22,725.
What are some comparable homes to 2522 Saratoga Run?
There are currently no comparable homes to 2522 Saratoga Run.
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