Closed Aug. 24, 2026
Private marketValue-add opportunity · Morganton, NC
As-is offering
1615 Conley Road
A brick ranch with a full unfinished basement, offered for buyers prepared to evaluate repairs, complete their own due diligence, and unlock the property’s potential.
$185,000Estimated ARV · $230,000
Buyer snapshot
As-is. Occupied. Vacant at closing.
County water and septic are installed. Per the county, no septic permit is on record. Reported condition includes water damage in the basement and repair needed to a portion of the deck.
Request a showing or detailsAsking price$185,000
Property1974 brick ranch
Above-grade HSFApprox. 1,125 SF
BasementApprox. 1,125 SF unfinished
Bedrooms / baths3 / 2 full
LotApprox. 0.30 acre
The opportunity
Solid fundamentals with room for a thoughtful renovation.
The property offers approximately 1,125 heated square feet above grade plus an approximately 1,125-square-foot unfinished basement. Tax records show three bedrooms, and the home has two full bathrooms on an approximately 0.30-acre lot.
The $230,000 after-repair value is a stated estimate—not an appraisal or guaranteed resale price. Buyers should independently evaluate the scope of work, repair costs, financing, comparable sales, and intended exit strategy.
01
Value-add condition
Reported basement water damage and partial deck repair create a defined starting point for inspection and contractor review.
02
Full basement
The unfinished lower level provides substantial additional area for storage, systems, workshop use, or other lawful future plans.
03
Clear delivery
The property is currently occupied and is expected to be delivered vacant at closing.
Property photos
See the condition before you schedule.
Use the arrows or thumbnail strip to review all 36 photos. Buyers should verify current condition during their own inspection and due-diligence period.
Offer framework
Terms shared with prospective buyers.
Final terms are governed only by the fully executed purchase contract and closing documents.
Due diligence$2,500
Due diligence fee proposed with the offer.
Earnest money$2,500
To be held in escrow by the closing attorney.
Closing costsBuyer paid
As specified in the signed purchase contract.
PossessionVacant at closing
The property is currently occupied.
Selected closed sales
Context for the stated ARV.
The comparables differ in condition, acreage, basement features, and included property. They are reference points—not a promise of future value.
Closed May 14, 2026
578 Conley Road #37 & #38
$265,0001,203 SF · $220/SF · Basement · 1.04 acres including an additional lotView property detailsClosed Nov. 24, 2025
5029 Scott Road
$235,0001,029 SF · $228/SF · 0.46 acre · No reported basementView property detailsRental snapshot
A starting point for rental underwriting.
Rentometer reported an average and median rent of $1,500 per month for the available comparison set. The report was generated September 23, 2026.
Average monthly rent$1,500
Reported average and median for the comparison set.
Annual gross rent$18,000
Monthly benchmark multiplied by 12, before vacancy and expenses.
Report sample2 rentals
Three-bedroom, two-bath apartment rentals within 10 miles, observed within 12 months.
Use this as a limited benchmark—not a rent appraisal. Both samples were apartments located more than eight miles from the property. Buyers should verify achievable rent, condition, lease-up costs, vacancy, management, utilities, maintenance, taxes, insurance, financing, and local rental requirements.
Download Rentometer reportBuyer information
Take the property details with you.
Download the buyer-information flyer or the supporting Rentometer rental report.
1615 Conley Road · Morganton
Interested in the property? Start with your financing and intended strategy.
Property is offered as-is. Information is deemed reliable but is not guaranteed and may change. Measurements, condition, repairs, utilities, septic information, comparable sales, after-repair value, financing, and investment performance must be independently verified by the buyer and the buyer’s qualified professionals. This page is for property marketing and informational purposes only.