ATTENTION SWEAT EQUITY BUYERS & INVESTORS!! 3BD/2BA OPPORTUNITY ON 5.23 ACRES NEAR LAKE JAMES!! >> Take advantage of this great opportunity to build equity. With some updating, this 1981 split-foyer build could yield a great ROI. Potential to subdivide and build multiple new homes, or keep as one private estate with 5.23 useable acres. Small creek on property. SPECS: 1,321 sq ft of heated living area on the main level w/additional 1,267 sq ft ready to be finished in the basement, 7'3" clearance in basement allows for future marketable living area, strong floor trusses 16" on center for a solid structure with all plumbing/HVAC/electrical above, wood-burning fireplace & wood-burning stove, Large open living/dining area, ensuite bath in master bedroom, 200-amp electrical panel with updated wiring, PVC plumbing waste lines & copper supply lines, and slate flooring in foyer. Outdoors the land is gently sloped with a small creek that runs across the property. There is also an old in-ground pool above the home that is overgrown. Assess for potential rehab or just fill in. This fixer-upper has great potential and is located off HWY 126 just 1 mile from Marion Lake Club, 2 miles from Lake James State Park, 3.7 miles from Lake James Canal Bridge Access, and 3.7 miles from I-40.
Closed
Zestimate®
$230,000
185 Dulaney Dr, Nebo, NC 28761
3beds
1,321sqft
Single Family Residence
Built in 1981
5.23 Acres Lot
$230,000 Zestimate®
$174/sqft
$2,018 Estimated rent
Home value
$230,000
Estimated sales range
Not available
$2,018/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Rusty Davis getmoving@rustyrealestate.com,
Rus/D Real Estate
Bought with:
Kari Owens
Carolina Properties
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4392925
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Features: En Suite Bathroom
- Level: Main
Heating
- Electric, Heat Pump, Wood Stove
Cooling
- Heat Pump
Appliances
- Included: Electric Range
- Laundry: In Basement
Features
- Storage
- Flooring: Carpet, Linoleum, Slate
- Doors: Sliding Doors, Storm Door(s)
- Basement: Basement Garage Door,Exterior Entry,Full,Interior Entry,Partially Finished,Storage Space
- Fireplace features: Den, Living Room, Wood Burning, Wood Burning Stove
Interior area
- Total structure area: 1,321
- Total interior livable area: 1,321 sqft
- Finished area above ground: 1,321
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Basement, Driveway, Attached Garage
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Pool features: In Ground
- Waterfront features: Other - See Remarks, Creek/Stream
Lot
- Size: 5.23 Acres
- Features: Level, Private, Sloped, Wooded
Details
- Parcel number: 173300109570
- Zoning: None
- Special conditions: Standard
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Partial, Wood
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & HOA
Community
- Subdivision: None
Location
- Region: Nebo
- Elevation: 1000 Feet
Financial & listing details
- Price per square foot: $174/sqft
- Tax assessed value: $127,110
- Annual tax amount: $849
- Date on market: 6/12/2026
- Cumulative days on market: 4 days
- Listing terms: Cash,Construction Perm Loan,Conventional,FHA 203(K)
- Road surface type: Concrete, Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Sold | $230,000+2.2%$174/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4392925 Report a problem | ||
| 6/12/2026 | Listed for sale | $225,000$170/sqft |
Source: Canopy MLS as distributed by MLS GRID #4392925 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $849 | $127,110 |
| 2024 | $849 | $127,110 |
| 2023 | $849 +21.7% | $127,110 +23.5% |
| 2022 | $698 | $102,930 |
| 2021 | $698 -1.5% | $102,930 |
| 2020 | $708 -98.8% | $102,930 +17.2% |
| 2017 | $57,134 +9900% | $87,830 |
| 2016 | $571 | $87,830 |
| 2014 | $571 +1.7% | $87,830 |
| 2013 | $562 | $87,830 |
| 2012 | -- | $87,830 |
Find assessor info on the county website
Neighborhood: 28761
Nearby homes
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Nearby schools
GreatSchools rating
- 5/10Nebo Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 6/10East McDowell Junior High SchoolGrades: 6-8Distance: 4.7 mi
- 10/10McDowell Early CollegeGrades: 9-12Distance: 5 mi
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Estimated market value
$230,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$230,000
- North Carolina
- McDowell County
- Nebo
- 28761
- 185 Dulaney Dr
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