For Sale $350,000
Discover a rare opportunity to restore a piece of local history with this 1909 farmhouse nestled on 6.19 acres. Located just outside Drexel, with easy access to Morganton & Valdese, this property offers both the charm of country living & the convenience of nearby amenities. With a little vision & dedication, this timeless home can be brought back to its former glory—blending classic character with modern comforts. Features include hardwood & pine floors, two wood-burning fireplaces, a main-level living room, sunroom, kitchen, bedroom, full bath, & laundry. A heated/cooled rear porch leads to the backyard & a 370 sq ft detached guest house with kitchenette, laundry, & bath. Upstairs offers two bedrooms, a den/office, & a second full bath. A converted singlewide at the rear serves as storage/workshop. Old shared driveway near 350 Settlemyre Rd. Sold as-is; priced accordingly. Cash, conventional or reno loan preferred. A unique opportunity to own a slice of history with endless potential!
List Price: | $350,000 |
Status: | For Sale |
Bedrooms: | 3 |
Type: | Single Family Residence |
Approx Sq. Ft.: | 1519 sqft |
Parking: | Detached Carport, Circular Driveway, Driveway |
MLS Number: | CAR4264485 |
Subdivision: | None |
Style: | Farmhouse |
Bathrooms: | 3 |
Lot Description: | Wooded |
Year Built: | 1909 |
Sewer Type: | Septic Installed |
Elementary: | Drexel |
Middle: | Heritage |
High: | Jimmy C Draughn |
Date | Event | Price | $/SQFT |
07-02-2025 | Listed | $350,000 | $231 |
These schools are only nearby your property search, you must confirm exact assigned schools.
School Name | Distance | Grades | Rating |
The New Dimensions School | 4 miles | KG-06 | 7 |
NC School for the Deaf | 5 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 |
368 Settlemyre Road, Morganton NC | 0 mi | $350,000 | days | |
315 Settlemyre Road, Morganton NC | 0.1 mi | $392,000 | days | |
456 Settlemyre Road, Morganton NC | 0.2 mi | $222,000 | days | |
103 Habitat Lane, Morganton NC | 0.3 mi | $222,000 | days | |
200 Woodside Drive, Morganton NC | 0.4 mi | $419,000 | days | |
211 Abee Street, Morganton NC | 0.4 mi | $295,000 | 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)
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Total Monthly Payment | $20,941 |
Occupancy Types |
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 C Shane Cook & Associates
368 Settlemyre Road, Morganton NC is a 1519 ft2 on a 6.190 acres Wooded lot. This is for $350,000. This has 3 bedrooms, 3 baths, and was built in 1909.
Based on information submitted to the MLS GRID as of 2025-07-02 09:35:37 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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