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    • $437,000

    227 Reep Dr, Morganton, NC 28655

    5beds
    2,919sqft
    Single Family Residence
    Built in 1920
    0.86 Acres Lot
    $434,300 Zestimate®
    $150/sqft
    $2,728 Estimated rent

    Home value

    $434,300

    $352,000 - $534,000

    $2,728/mo

    Zestimate® history
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    What's special

    Koi pondGorgeous in-ground poolHuge covered front porchSeveral decksBeautiful large kitchenCircular driveOwn parking areas
    This is a stunning MULTI FAMILY or RENTAL OPPORTUNITY PROPERTY. A steal at under $500k!!! BRAND NEW ROOF on the main house and carport! 3 separate living quarters! Each with its own parking areas, 2 large carports and a circular drive. It features the main house with a bedroom & full bath on the main floor & a full bath/bed upstairs.A BEAUTIFUL LARGE KITCHEN with new fingerprint-resistant stainless steel appliances (which stay) LOOKS OUT TO THE GORGEOUS POOL & lush yard.The main house has a door that leads to the adjacent apartment which has a bedroom/office on the main level & a living room, kitchen, bedroom, & full bathroom/laundry room upstairs.The apartment has it's own huge carport(that can accommodate tall trucks or RV's) & 2 outside access doors.The cottage is a charming separate 1 bedroom, living room, kitchen, laundry, bathroom, home that has a private back deck & parking area.The main house features 2 enclosed sunroom/porches & you can enjoy the evening's sunsets from the upper EAGLE'S NEST DECK WITH CAPTIVATING VIEWS OF THE MOUNTAINS. A great property for entertaining with a huge covered front porch, several decks, a gazebo, a koi pond, greenhouse, countless flowering bushes and beautiful trees with mountain views & a gorgeous in-ground pool. Pool solar blanket,cover & furniture to remain. All 3 sets of washers & dryers to stay. All 3 refrigerators to stay. At the property it feels like you are miles away from the hustle and bustle, but conveniences are close by. Just a few minutes to i-40, restaurants, grocery stores, medical practices, the hospital and the greenway. It is also close to the charming downtown of Morganton where they hold concerts, festivals and other fun entertainment. NO HOA!

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa Hines myagentlisahines@gmail.com,

    Hines Rose Realty LLC

    Bought with:

    Lynn DeLoi

    New Trails Realty Inc

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4280318MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    • Main level bedrooms: 2
    Primary bedroom
    • Level: Upper
    • Area: 289.04 Square Feet
    • Dimensions: 23' 9" X 12' 2"
    Heating
    • Heat Pump, Wall Furnace
    Cooling
    • Ceiling Fan(s), Central Air, Window Unit(s)
    Appliances
    • Included: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator with Ice Maker, Washer/Dryer
    • Laundry: Utility Room, Multiple Locations
    Features
    • Soaking Tub, Storage, Walk-In Closet(s), Total Primary Heated Living Area: 2236
    • Flooring: Tile, Vinyl, Wood
    • Doors: French Doors, Screen Door(s), Sliding Doors, Storm Door(s)
    • Windows: Skylight(s)
    • Has basement: No
    Interior area
    • Total structure area: 2,236
    • Total interior livable area: 2,919 sqft
    • Finished area above ground: 2,236
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached Carport, Circular Driveway, Shared Driveway
    • Carport spaces: 2
    • Has uncovered spaces: Yes
    • Details: Circular driveway with tall large carports on both sides of the main house and apartment. Cottage has parking area next to front door.
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Deck, Enclosed, Front Porch, Glass Enclosed, Patio, Porch, Rear Porch, Side Porch, Terrace
    • Exterior features: Rooftop Terrace, Storage
    • Has private pool: Yes
    • Pool features: Fenced, In Ground, Outdoor Pool
    • Has view: Yes
    • View description: Mountain(s), Year Round
    Lot
    • Size: 0.86 Acres
    • Features: Views
    Living quarters
    • Secondary living space: 683 sqft
    • Secondary features: Exterior Connected,Exterior Not Connected,Guest House,Interior Connected,Main Level,Separate Entrance,Separate Kitchen Facilities,Separate Living Quarters,Separate Utilities,Other - See Remarks
    Details
    • Additional structures: Gazebo, Greenhouse, Shed(s)
    • Parcel number: 1782098516
    • Zoning: AB0
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Vinyl
    • Foundation: Crawl Space
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: City

    Community & HOA

    Community
    • Subdivision: none
    Location
    • Region: Morganton

    Financial & listing details

    • Price per square foot: $150/sqft
    • Tax assessed value: $331,762
    • Annual tax amount: $1,331
    • Date on market: 7/10/2025
    • Cumulative days on market: 224 days
    • Listing terms: Cash,Conventional
    • Road surface type: Asphalt, Paved

    Price history

    DateEventPrice
    3/16/2026Sold$437,000-12.4%$150/sqft
    Source: Canopy MLS as distributed by MLS GRID #4280318 Report a problem
    3/12/2026Pending sale$499,000$171/sqft
    Source: Canopy MLS as distributed by MLS GRID #4280318 Report a problem
    11/6/2025Price change$499,000-9.1%$171/sqft
    Source: Canopy MLS as distributed by MLS GRID #4280318 Report a problem
    8/10/2025Price change$549,000-6.8%$188/sqft
    Source: Canopy MLS as distributed by MLS GRID #4280318 Report a problem
    7/11/2025Listed for sale$589,000+110.4%$202/sqft
    Source: Canopy MLS as distributed by MLS GRID #4280318 Report a problem
    7/31/2023Sold$280,000+115.4%$96/sqft
    Source: Public Record Report a problem
    7/31/2014Sold$130,000$45/sqft
    Source: Canopy MLS as distributed by MLS GRID #B25877 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,331 -0.5%$331,762
    2024$1,338 -31.3%$331,762
    2023$1,946 +27.9%$331,762 +60.2%
    2022$1,521 +0.4%$207,082 -9.7%
    2021$1,515 0%$229,245 +10.3%
    2020$1,516 -13.3%$207,761 -13.8%
    2019$1,748 $241,110
    Find assessor info on the county website

    Neighborhood: 28655

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $434,300
    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
    $434,300

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