Investor and flipper opportunity in Albemarle. This 2-bedroom, 1-bath home is essentially a shell and will require a full renovation making it ideal for experienced investors looking for their next project. The property offers approximately 921 square feet on a level lot with an existing layout that includes a spacious living area, spacious closets, kitchen overlooking the private backyard, and covered rear stoop.
Much of the demo and prep work has already been started, including newer drywall and doors, but the home still needs work throughout.
Located just 1/2 mile from Main Street in downtown Albemarle providing easy access to local shops, restaurants and parks.
Closed
Zestimate®
$82,000
1224 Bailey St, Albemarle, NC 28001
2beds
921sqft
Single Family Residence
Built in 1956
0.21 Acres Lot
$82,000 Zestimate®
$89/sqft
$1,105 Estimated rent
Home value
$82,000
$75,000 - $89,000
$1,105/mo
Zestimate® history
Owner options
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$1,105/mo
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$1,105/mo
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$382/mo
Est. payment
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$382/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Thomas Elrod listings@hprea.com,
Keller Williams Ballantyne Area,
Brian Boger,
Keller Williams Ballantyne Area
Bought with:
Eric Trejo
Nestlewood Realty, LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4380736
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Bedroom s
- Level: Main
Bedroom s
- Level: Main
Bathroom full
- Level: Main
Dining area
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- None
Appliances
- Included: None
- Laundry: In Kitchen
Features
- Flooring: Vinyl
- Has basement: No
Interior area
- Total structure area: 921
- Total interior livable area: 921 sqft
- Finished area above ground: 921
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Garage on Main Level
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Rear Porch
Lot
- Size: 0.21 Acres
- Features: Level
Details
- Parcel number: 654804832721
- Zoning: R8
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & neighborhood
Location
- Region: Albemarle
- Subdivision: None
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Dirt, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Sold | $82,000-17.2%$89/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4380736 Report a problem | ||
| 5/15/2026 | Listed for sale | $99,000-17.5%$107/sqft |
Source: Canopy MLS as distributed by MLS GRID #4380736 Report a problem | ||
| 4/16/2026 | Listing removed | $120,000$130/sqft |
Source: Canopy MLS as distributed by MLS GRID #4251606 Report a problem | ||
| 2/6/2026 | Price change | $120,000-4%$130/sqft |
Source: Canopy MLS as distributed by MLS GRID #4251606 Report a problem | ||
| 12/3/2025 | Price change | $125,000-3.1%$136/sqft |
Source: Canopy MLS as distributed by MLS GRID #4251606 Report a problem | ||
| 11/4/2025 | Price change | $129,000-0.8%$140/sqft |
Source: Canopy MLS as distributed by MLS GRID #4251606 Report a problem | ||
| 4/28/2025 | Listed for sale | $130,000+863%$141/sqft |
Source: Canopy MLS as distributed by MLS GRID #4251606 Report a problem | ||
| 9/14/2005 | Sold | $13,500 |
Source:  Triad MLS #W360216 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $472 +100.4% | $42,160 +118.3% |
| 2024 | $236 | $19,313 |
| 2023 | $236 | $19,313 |
| 2022 | $236 | $19,313 |
| 2021 | $236 -4.7% | $19,313 +2.4% |
| 2020 | $247 | $18,869 |
| 2019 | $247 | $18,869 |
| 2018 | $247 +4% | $18,869 |
| 2017 | $238 -16% | $18,869 -15.1% |
| 2016 | $283 | $22,235 |
| 2015 | $283 | $22,235 |
| 2014 | $283 | $22,235 |
| 2013 | -- | $22,235 -36.9% |
| 2012 | -- | $35,222 |
| 2011 | -- | $35,222 |
| 2010 | -- | $35,222 |
| 2009 | -- | $35,222 |
| 2008 | -- | $35,222 |
| 2007 | -- | $35,222 |
| 2006 | -- | $35,222 |
| 2005 | -- | $35,222 |
| 2004 | -- | $35,222 +2% |
| 2003 | -- | $34,548 |
| 2002 | -- | $34,548 |
Find assessor info on the county website
Neighborhood: 28001
Nearby schools
GreatSchools rating
- 6/10Central Elementary SchoolGrades: K-5Distance: 1 mi
- 3/10Albemarle Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Albemarle High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Central
- Middle: Albemarle
- High: Albemarle
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- North Carolina
- Stanly County
- Albemarle
- 28001
- 1224 Bailey St
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