Investor Opportunity on 2.29 Acres! Calling all investors, flippers, and general contractors! This 2-bedroom, 1-bath home offers an excellent opportunity to bring your vision to life. Situated on a spacious 2.29-acre lot in a great location, this property provides plenty of room for renovation potential, expansion, outdoor improvements, or future investment possibilities. The home is a prime fix-and-flip opportunity for those looking to add value and create something special. With the right updates and renovations, this property has the potential to shine. Whether you're an experienced investor, GC, or buyer looking for your next project, this one deserves a closer look. Don't miss the opportunity to capitalize on the location, acreage, and potential this property has to offer! Bring your plans, tools, and vision and make this property your next successful project. Listing Firm does not hold EMD. This is an entry only listing.
Active
$257,000
389 Midway Lake Rd, Mooresville, NC 28115
2beds
1,008sqft
Single Family Residence
Built in 1963
2.3 Acres Lot
$232,800 Zestimate®
$255/sqft
$-- HOA
What's special
- 2 days |
- 312 |
- 7 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Ondria Ortiz ondriajw@gmail.com,
The Brown Keys Real Estate
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4414433
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Heating
- Natural Gas
Cooling
- None
Appliances
- Included: None
- Laundry: Inside
Features
- Has basement: No
- Fireplace features: Family Room
Interior area
- Total structure area: 1,008
- Total interior livable area: 1,008 sqft
- Finished area above ground: 1,008
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 2.3 Acres
Details
- Parcel number: 4655505483.000
- Zoning: RA
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Full
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & HOA
Community
- Subdivision: Southwest
Location
- Region: Mooresville
Financial & listing details
- Price per square foot: $255/sqft
- Tax assessed value: $218,840
- Annual tax amount: $1,351
- Date on market: 8/13/2026
- Cumulative days on market: 26 days
- Listing terms: Cash,Conventional
- Road surface type: Concrete, Paved
Estimated market value
$232,800
$221,000 - $244,000
$1,327/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $257,000+7.1%$255/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4414433 Report a problem | ||
| 7/27/2026 | Listing removed | $240,000$238/sqft |
Source: Canopy MLS as distributed by MLS GRID #4400331 Report a problem | ||
| 7/3/2026 | Listed for sale | $240,000$238/sqft |
Source: Canopy MLS as distributed by MLS GRID #4400331 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,351 | $218,840 |
| 2024 | $1,351 | $218,840 |
| 2023 | $1,351 +61.8% | $218,840 +77.1% |
| 2022 | $835 +0.5% | $123,540 |
| 2021 | $831 | $123,540 |
| 2020 | $831 +4.7% | $123,540 |
| 2019 | $794 +9.1% | $123,540 +7.4% |
| 2018 | $728 | $115,060 |
| 2017 | $728 +0.8% | $115,060 |
| 2016 | $722 | $115,060 |
| 2015 | $722 +0.7% | $115,060 -8.3% |
| 2014 | $717 | $125,500 |
| 2013 | -- | $125,500 |
| 2012 | -- | $125,500 |
| 2011 | -- | $125,500 -2.4% |
| 2010 | -- | $128,590 |
| 2009 | -- | $128,590 |
| 2008 | -- | $128,590 |
| 2007 | -- | $128,590 +14.4% |
| 2006 | -- | $112,410 |
| 2005 | -- | $112,410 |
| 2004 | -- | $112,410 |
| 2003 | -- | $112,410 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 28115
Nearby schools
GreatSchools rating
- 4/10Coddle Creek Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 6/10Woodland Heights MiddleGrades: 6-8Distance: 6.1 mi
- 7/10Lake Norman High SchoolGrades: 9-12Distance: 6.5 mi
Schools provided by the listing agent
- Elementary: Coddle Creek
- Middle: Brawley
- High: Lake Norman
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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A local agent can set up tours, give advice and negotiate with sellers.
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