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Morganton 28655
701 Carbon City Road
$199,999
● House - Off Market

701 Carbon City Road

Morganton, NC 28655
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,826 Ft²
$982
Est. Monthly

About This Property

Don't miss this incredible opportunity to own a beautifully updated home on 1.39 acres-just minutes from Downtown Morganton, I-40, and the stunning Lake James! This home features a brand new 30-year architectural roof and new HVAC system for added peace of mind. You'll also appreciate the tankless gas water heater, 9-foot ceilings, hardwood floors, and low-maintenance vinyl siding. Inside, every room offers generous space, and the eat-in kitchen includes a walk-in pantry-perfect for everyday living and entertaining. The full basement provides tons of storage and endless potential. With plenty of land, there's room to build a garage, add a pool, or expand however you wish. The seller has never lived in the home. Property is being sold AS-IS.
Unit Size
1,826 Ft²
Days on Market
-
Land Size
1.39 acres
Price per sqft
$109
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1929

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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 #CAR4287557)

Price History

Date / Event Date Event Price
Sep 11, 2025 Sold
Premium
Sold
Aug 14, 2025 In contract -
In contract
Aug 6, 2025 Listed by WNC Real Estate at Lake James $199,900
Listed by WNC Real Estate at Lake James
May 21, 2014 Sold
Premium
Sold
Sep 1, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1985
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 9
  • Basement Area: 408
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 60,548
  • Total Building Area: 1,630
  • Building Area: 1,630
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,630
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J T BRITTAIN TRACT
  • Land Acres: 0000001390
  • Standard Land Use Code: 1001
  • Legal Description 1: 701 CARBON CITY RD MORGANTON, NC 28655

Neighborhood

  • School District Name: Burke County Schools
  • School Tax School District: BURKE COUNTY LA
  • School Tax District Code 2: BURKE COUNTY TA
  • Census Tract: 021400

Zoning

  • Zoning: MEDIUM INT

Geography

  • District: 101
  • Parcel: 5052
  • Municipality: MORGANTON
  • Latitude: 35.7328
  • Longitude: -81.7365

    Address

  • Full Address: 701 Carbon City Rd
  • Address - House Number: 701
  • Address - Street Name: Carbon City
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Morganton
  • Carrier Code: C008
  • 4-Digit Zip Code: 4143
  • Zip Code: 28655

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $113,648
  • Tax Rate Code Area: 1063

    Appraisal Valuation

  • Standard Deviation: 0.3436
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 31
  • Final Value: 334,412
  • High Value: 449,330
  • Low Value: 219,493

    Market Valuation

  • Market Total Value: $187,229
  • Market Land Value: $26,126
  • Market Improvement Value: $161,103

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $187,229
  • Assessed Land Value: $26,126
  • Assessed Improvements Value: $161,103

    Sales

  • Current Sale Contract Date: May 21, 2014
  • Current Sale Recording Date: May 21, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014004014
  • Previous Sale Recording Date: Sep 01, 2005
  • Previous Sale Contract Date: Aug 31, 2005
  • Previous Sale Amount: $84,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Morganton

Stats & Trends

Median Asking:

$297,000

Sale Price/ft²

$176

Below Asking

0.04%

Average Days on Market

65

Average Home Size

2013 ft²

Average Home Age

-

Currently For Sale

79 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

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CANOPYMLS

Listed by: Christie Leonard, WNC Real Estate at Lake James
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4287557
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 701 Carbon City Road built and last sold?
The property at 701 Carbon City Road was built in 1929 and last sold on May 21, 2014 for $76,000.
How much is this home worth?
The estimated value of the home located at 701 Carbon City Road is $0.
What are some comparable homes to 701 Carbon City Road?
There are currently no comparable homes to 701 Carbon City Road.
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