For Sale $240,000
Back on the Market Through No Fault of the Seller! Investor & Development Opportunity in Forest City!** Or make it your own home and enjoy 4.85 acres with a natural creek, privacy, and room to grow, all just five minutes from downtown. Renovate the existing home for potential rental income while exploring the possibilities for the additional acreage. Zoned R-8 Residential, the property offers potential for additional homesites, subdivision, or duplex development. Features include city water, an existing septic system, road frontage, open and wooded areas, established paths, and a cleared entrance. Whether you're an investor, builder, developer, or buyer looking for space and future possibilities, this property offers a unique opportunity to make the most of its land and location. Home is being sold AS IS. Buyer to verify development potential and all proposed uses with the appropriate agencies.
Storage
| List Price: | $240,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1020 sqft |
| Parking: | Attached Carport, Driveway |
| MLS Number: | CAR4374908 |
| Subdivision: | None |
| Style: | Traditional |
| Bathrooms: | 2 |
| Lot Description: | Cleared, Flood Fringe Area, Green Area, Level, Private, Creek/Stream, Wooded, Other - See Remarks |
| Year Built: | 1983 |
| Sewer Type: | Septic Installed |
| Elementary: | Forest City-Dunbar |
| Middle: | East Rutherford |
| High: | East Rutherford |
| Date | Event | Price | $/SQFT |
| 10-17-2026 | Price Decrease | $240,000-4.34% | $236 |
| 09-01-2026 | Price Decrease | $250,900-8.73% | $246 |
| 08-12-2026 | Relisted | $274,900-3.51% | $270 |
| 07-21-2026 | Under Contract | $284,900 | $280 |
| 06-26-2026 | Price Decrease | $284,900-3.10% | $280 |
| 06-17-2026 | Price Decrease | $294,000-1.67% | $289 |
| 05-15-2026 | Listed | $299,000 | $294 |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Forrest W. Hunt Elementary School | 2 miles | PK-05 | 8 |
| Forest City-Dunbar Elementary School | 2 miles | PK-05 | 4 |
| Harris Elementary School | 3 miles | PK-05 | 7 |
| Spindale Elementary School | 4 miles | PK-05 | 6 |
| Ellenboro Elementary School | 6 miles | PK-05 | 7 |
| Rutherfordton Elementary School | 6 miles | PK-05 | 7 |
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 |
| 450 Washington Street, Forest City NC | 0 mi | $240,000 | days | |
| 194 Crescent Drive, Forest City NC | 0.2 mi | $229,500 | days | |
| 191 Sycamore Street, Forest City NC | 0.2 mi | $270,000 | days | |
| 268 Brackett Road, Forest City NC | 0.3 mi | $210,000 | days | |
| 150 Greenfield Drive, Forest City NC | 0.3 mi | $154,900 | days | |
| 187 Oakridge Drive, Forest City NC | 0.4 mi | $160,000 | 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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| 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 Howard Hanna Beverly-Hanks
450 Washington Street, Forest City NC is a 1020 ft2 on a 4.850 acres lot. This is for $240,000. This has 3 bedrooms, 2 baths, and was built in 1983.
Based on information submitted to the MLS GRID as of 2026-05-15 10:10:29 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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