Check out this excellent investment opportunity! A 3 bedroom, 1 bathroom home that is currently in good condition and offers immediate cash flow. This property generates excellent rental income and is currently tenant-occupied. Schedule your showing today!
Closed
$57,000
1950 Gay St, Statesville, NC 28625
2beds
860sqft
Single Family Residence
Built in 1935
0.18 Acres Lot
$97,000 Zestimate®
$66/sqft
$1,165 Estimated rent
Home value
$97,000
$71,000 - $128,000
$1,165/mo
Zestimate® history
Owner options
List your home for rent
$1,165/mo
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$1,165/mo
Rent Zestimate®
Refinance and save
$273/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$273/mo
Est. payment
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List your homeWhat's special
Good condition
Zillow last checked:
Listing updated:
Listed by:
Thomas Gregory thomasg@lakenormanrealty.com,
Lake Norman Realty, Inc.
Bought with:
Samantha Carpenter
Keller Williams Unified
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4292337
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Bedroom s
- Level: Main
Bathroom full
- Level: Main
Dining area
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Heat Pump
Cooling
- Window Unit(s)
Appliances
- Included: Electric Oven, Electric Range, Refrigerator
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Linoleum
- Windows: Storm Window(s)
- Has basement: No
Interior area
- Total structure area: 860
- Total interior livable area: 860 sqft
- Finished area above ground: 860
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Exterior features: Storage
- Waterfront features: None
Lot
- Size: 0.18 Acres
- Dimensions: 50 x 158 x 51 x 158
- Features: Level
Living quarters
- Secondary features: None
Details
- Parcel number: 4754016361.000
- Zoning: R8MFM
- Special conditions: Standard
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Vinyl
- Foundation: Crawl Space
- Roof: Composition
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Cable Available, Electricity Connected
Community & HOA
Community
- Subdivision: none
Location
- Region: Statesville
Financial & listing details
- Price per square foot: $66/sqft
- Tax assessed value: $37,530
- Annual tax amount: $442
- Date on market: 8/20/2025
- Cumulative days on market: 14 days
- Listing terms: Cash,Conventional
- Exclusions: Window Unit
- Electric utility on property: Yes
- Road surface type: Dirt, Gravel, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2025 | Sold | $57,000-18.6%$66/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4292337 Report a problem | ||
| 9/3/2025 | Pending sale | $70,000$81/sqft |
Source: Canopy MLS as distributed by MLS GRID #4292337 Report a problem | ||
| 8/20/2025 | Listed for sale | $70,000+79.9%$81/sqft |
Source: Canopy MLS as distributed by MLS GRID #4292337 Report a problem | ||
| 1/1/2019 | Listing removed | $38,900$45/sqft |
Source: Allen Tate Statesville #3401153 Report a problem | ||
| 10/10/2018 | Price change | $38,900-9.3%$45/sqft |
Source: Allen Tate Statesville #3401153 Report a problem | ||
| 6/8/2018 | Listed for sale | $42,900$50/sqft |
Source: Allen Tate Statesville #3401153 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $442 | $37,530 |
| 2024 | $442 | $37,530 |
| 2023 | $442 +11% | $37,530 +46.4% |
| 2022 | $398 -12.3% | $25,640 |
| 2021 | $454 | $25,640 |
| 2020 | $454 +0.6% | $25,640 |
| 2019 | $452 +4.2% | $25,640 -1.1% |
| 2018 | $433 | $25,920 |
| 2017 | $433 +46.9% | $25,920 |
| 2016 | $295 | $25,920 |
| 2015 | $295 -3.6% | $25,920 -8.7% |
| 2014 | $306 | $28,380 |
| 2013 | -- | $28,380 |
| 2012 | -- | $28,380 |
| 2011 | -- | $28,380 -8% |
| 2010 | -- | $30,840 |
| 2009 | -- | $30,840 |
| 2008 | -- | $30,840 |
| 2007 | -- | $30,840 +10.4% |
| 2006 | -- | $27,930 |
| 2005 | -- | $27,930 |
| 2004 | -- | $27,930 |
| 2003 | -- | $27,930 +6% |
| 2002 | -- | $26,360 |
| 2001 | -- | $26,360 |
| 2000 | -- | $26,360 |
Find assessor info on the county website
Neighborhood: 28625
Nearby homes
- $37,4602 bd1 ba816 sqft1952 Gay St, Statesville, NC 28625Off Market
- $49,1002 bd1 ba592 sqft1948 Gay St, Statesville, NC 28625Off Market
- $2,500-- bd-- ba-- sqft1968 Gay St, Statesville, NC 28625Off Market
- $35,0502 bd1 ba936 sqft1958 Gay St, Statesville, NC 28625Off Market
- $182,0003 bd1 ba1k sqft1940 Gay St, Statesville, NC 28625Sold
- $38,5402 bd1 ba936 sqft1960 Gay St, Statesville, NC 28625Off Market
- $128,6003 bd1 ba1.2k sqft1943 Gay St, Statesville, NC 28625Off Market
- $53,8002 bd1 ba816 sqft1957 Gay St, Statesville, NC 28625Off Market
Nearby schools
GreatSchools rating
- 2/10East Iredell Elementary SchoolGrades: PK-5Distance: 2.3 mi
- 1/10Statesville Middle SchoolGrades: 6-8Distance: 1.6 mi
- 2/10Statesville High SchoolGrades: 9-12Distance: 2.7 mi
Get a cash offer in 3 minutes
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Estimated market value
$97,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$97,000
- North Carolina
- Iredell County
- Statesville
- 28625
- 1950 Gay St
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