Investor opportunity within walking distance to Downtown Morganton. This 2-bedroom, 1.5-bath bungalow offers strong potential for a flip or rental investment. The home does require TLC but presents a great opportunity to add value and customize to your vision.
Features include a charming covered front porch ideal for relaxing, an outdoor patio area, a playhouse, and a detached metal-covered carport. Conveniently located near downtown Morganton, NC which means shops, dining, and local amenities.
Property is being sold as-is. Great opportunity for investors or buyers looking for a renovation project in a desirable location.
Closed
$130,000
507 S College St, Morganton, NC 28655
2beds
900sqft
Single Family Residence
Built in 1922
0.19 Acres Lot
$129,600 Zestimate®
$144/sqft
$1,560 Estimated rent
Home value
$129,600
$119,000 - $140,000
$1,560/mo
Zestimate® history
Owner options
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$1,560/mo
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$1,560/mo
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$834/mo
Est. payment
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$834/mo
Est. payment
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List your homeWhat's special
Charming covered front porchDetached metal-covered carportOutdoor patio area
Zillow last checked:
Listing updated:
Listed by:
Mark Causby markcausbyrealty@gmail.com,
Coldwell Banker Newton RE
Bought with:
Joe Wilson
C Shane Cook & Associates
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4362056
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10' 0" X 12' 0"
Heating
- Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Electric Oven, Refrigerator
- Laundry: None
Features
- Has basement: No
Interior area
- Total structure area: 900
- Total interior livable area: 900 sqft
- Finished area above ground: 900
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached Carport, Driveway
- Carport spaces: 1
- Has uncovered spaces: Yes
- Details: Parking behind house
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
Lot
- Size: 0.19 Acres
Living quarters
- Secondary features: None
Details
- Parcel number: 2703353192
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick Partial
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1922
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Morganton
- Elevation: 1000 Feet
Financial & listing details
- Price per square foot: $144/sqft
- Tax assessed value: $52,544
- Annual tax amount: $389
- Date on market: 3/26/2026
- Cumulative days on market: 14 days
- Listing terms: Cash,Conventional
- Road surface type: Gravel, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/27/2026 | Sold | $130,000$144/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4362056 Report a problem | ||
| 3/26/2026 | Listed for sale | $130,000$144/sqft |
Source: Canopy MLS as distributed by MLS GRID #4362056 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $389 +0.4% | $52,544 |
| 2024 | $387 +1.3% | $52,544 |
| 2023 | $382 -5.4% | $52,544 +13.4% |
| 2022 | $404 +1.5% | $46,325 |
| 2021 | $398 +1% | $46,325 |
| 2020 | $394 -70.5% | $46,325 |
| 2019 | $1,338 +242.3% | $46,325 +1% |
| 2018 | $391 +3.7% | $45,862 |
| 2017 | $377 | $45,862 |
| 2016 | $377 +0.8% | $45,862 |
| 2015 | $374 | $45,862 |
Find assessor info on the county website
Neighborhood: 28655
Nearby homes
- $194,0003 bd1 ba1.4k sqft509 S College St, Morganton, NC 28655Off Market
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Nearby schools
GreatSchools rating
- 4/10Mountain View ElementaryGrades: PK-5Distance: 1.3 mi
- 5/10Walter R Johnson MiddleGrades: 6-8Distance: 2.8 mi
- 4/10Freedom HighGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Mountain View
- Middle: Walter Johnson
- High: Freedom
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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Estimated market value
$129,600
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
$129,600
- North Carolina
- Burke County
- Morganton
- 28655
- 507 S College St
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