27 days on rocket

227 5th Ave, Lexington, NC, 27292

$225,000

Home List Price

$2,672*

Closing Credit

6 Bedrooms
2 Full Baths
2.1K - 2.6K SqFt
$86 - $105/SqFt
House
Schools Nearby

Location

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227 5th Ave, Lexington$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1898
HeatingNone
CoolingNone
MLS #1137388
Lot Size0.27 Acres
StatusActive

About 227 5th Ave

CREATIVE FINANCING opportunity! Can you afford 1100-1500 per month?? Look no further. Welcome to this expansive 2400+ Sq Ft, 6-bedroom, 2-bath home located at 227 W 5th Street in Lexington, NC. Offering a unique seller financing option, potential buyers can enjoy terms of 5-20% down with an interest rate between 5-10%, refinance within 3-5 years. While the home currently lacks HVAC, installation is required before the balloon payment, ensuring future comfort. This massive property has received a series of updates including a new roof and fresh paint. Its large, flat lot and ample parking space add to its appeal. Inside, find two modernized bathrooms and rooms brimming with potential. An extra structure on the property presents a rare opportunity for those looking to open a convenient store or explore other business ventures. Don't miss out on this versatile offering!

Property Details

Property Features

Property Information:

  • Year Built: 1898

Listing Office:

  • Office Name: Keller Williams One
  • Office Phone: (336) 297-4545
  • Listing Agent: Jason Coleman

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Basement: No
  • Flooring Type: Carpet
  • Interior: Built-in Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

Other

Directions Information:

  • Directions: Take I-85BL S/US-29 S/US-70 W. Slight right onto I-85BL SI-85BL S. Keep left to continue on N Main St. Turn right onto W 5th Ave. House will be on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $86 - $105/SqFt
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Housing Market Comparison

See how this home compares to others in Lexington, NC.

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Lexington, NC

City

Med. Sold Price

$280.7K

Med. Price/SqFt

$155

Avg. Days On Market

61

# of Sold Homes

94

227 5th Ave vs Lexington

27 DAYS ON ROCKET

-34 Days

$225,000

-$55.7K Less

$86 - $105/SqFt

+$85.9K More

KEY TAKEAWAY

This property is $55.7K less than the Median Sold Price and $85.9K/SqFt more than other homes in Lexington, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triad MLS
  • MLS Number: #1137388

Listing Office:

  • Office Name: Keller Williams One
  • Office Phone: (336) 297-4545
  • Listing Agent: Jason Coleman

IDX Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 11:25:13 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3402699
3
/10

  • Southwest Elementary School

  • 434 Central Ave

  • 1.12 miles

  • Public District Grades 1-5

school-card-donut-3402700
4
/10

  • Charles England Elementary School

  • 111 Cornelia St

  • 1.28 miles

  • Public District Grades 1-5

school-card-donut-3402701
4
/10

  • Pickett Elementary School

  • 200 Biesecker Rd

  • 1.63 miles

  • Public District Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,250. Typical income of Lexington, NC residents is less than $35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 227 5th Ave

What is the listing price of this property?

The listing price of 227 5th Ave property is $225,000.

What type of property is this?

The property 227 5th Ave is a house located in Lexington, North Carolina, 27292.

Is this property for sale now?

Active Listing: 227 5th Ave is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 227 5th Ave has 6 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 227 5th Ave is 2100 - 2600 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 227 5th Ave is 1898.

Rocket Homes›North Carolina›Davidson County›Lexington›27292›227 5th Ave

This home is located at 227 5th Ave in Lexington, NC and zip code 27292. This home was built in 1898. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $225,000.

Over 14 listings were sold over their listed price in March 2024 in Lexington, NC. In the same period over 50 listings were sold below the listed price and 30 listings were sold for the listed price. Between February 2024 and March 2024, Lexington, NC real estate market has seen increase in the number of listings by 4%. In March 2024 median list price was $280,737 and the average listing age was 61 days.

From Rocket Homes Real Estate and based on county public records data.

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