For Sale $295,000
Investors, take note! This turnkey 3-bedroom, 1-bath home comes with a new lease already in place, providing guaranteed monthly income from day one. Recently remodeled prior to the current tenant’s move-in, the property requires minimal upkeep, making it a low-hassle addition to your portfolio. The home is currently being utilized as a 4-bedroom, 2-bath home which helps rental marketability. Set back from the road and surrounded by farmland, the home offers a quiet, private setting that is highly desirable for tenants and future homeowners alike. With its floor plan and updated finishes, this property is both comfortable and marketable, ensuring continued rental demand.Whether you’re looking to expand your rental portfolio or secure a home for yourself in the future, 126 Penguin Ln is an opportunity you want to check out.
| List Price: | $295,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1528 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4300681 |
| Subdivision: | None |
| Bathrooms: | 1 |
| Lot Description: | Private |
| Year Built: | 1975 |
| Sewer Type: | Septic Installed |
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
| Date | Event | Price | $/SQFT |
| 12-10-2025 | Price Decrease | $295,000-3.28% | $194 |
| 10-14-2025 | Listed | $305,000 | $200 |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Scotts Elementary School | 3 miles | PK-05 | 5 |
| N B Mills Elementary School | 3 miles | PK-05 | 1 |
| Celeste Henkel Elementary School | 4 miles | PK-05 | 5 |
| American Renaissance School | 5 miles | KG-06 | 9 |
| Cloverleaf Elementary School | 6 miles | PK-05 | 2 |
| Pressly School | 6 miles | KG-06 | N/A |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 126 Penguin Lane, Statesville NC | 0 mi | $295,000 | days | |
| 104 Castle Pines Lane, Statesville NC | 0.3 mi | $360,000 | days | |
| 155 Greythorn Drive, Statesville NC | 0.3 mi | $390,000 | days | |
| 115 Peacock Hollar Road, Statesville NC | 0.4 mi | $344,499 | days | |
| 200 Staffordshire Drive, Statesville NC | 0.4 mi | $429,000 | days | |
| 163 Castle Pines Lane, Statesville NC | 0.5 mi | $360,000 | days |
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
A Courtesy Listing Provided By Guardian Real Estate Group LLC
126 Penguin Lane, Statesville NC is a 1528 ft2 on a 1.570 acres Private Estate lot. This is for $295,000. This has 3 bedrooms, 1 baths, and was built in 1975.
Based on information submitted to the MLS GRID as of 2025-10-14 11:36:47 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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