$390,000

700 Fernwood Drive

Clayton, NC 27520

3 bd · 2.5 ba · 2,801 sqft

Features

• Bookcases
• Ceiling Fan(s)
• Eat-in Kitchen
• Entrance Foyer
• High Ceilings
• Pantry
• Primary Downstairs
• Separate Shower
• Soaking Tub
• Walk-In Closet(s)
• Playground
• Rain Gutters

About this home

"INCREDIBLE EQUITY OPPORTUNITY! Rare chance to build instant sweat equity in a highly desirable Clayton location. This expansive 2,801 sqft all-brick ranch sits on a private 0.6-acre lot and boasts fantastic bones and character. Features include vaulted ceilings with exposed beams, two fireplaces, a newly renovated bathroom with elegant tilework, brand-new rear doors, and a new outdoor pergola. Recently appraised at $480,000, this property is an absolute dream for investors, contractors, or handy buyers looking to customize and create instant value. The property requires TLC, a full clean-out, and cosmetic updates. Sold strictly AS-IS. HUGE BONUS: This property features an FHA ASSUMABLE mortgage! Seller is highly motivated and open to Creative Financing, including Lease-Option / Rent-to-Own terms with an upfront option fee. Due to current condition and utilities being off, this will not qualify for traditional Conventional/FHA/VA loans. Cash, Hard Money, Assumable FHA, or Lease-Option only. Bring your vision and don't miss this rare chance to secure a property with massive upside potential!