Charming 1930's home with endless potential. While well-maintained and perfectly livable, many areas are ready for updates—offering a rare opportunity to blend vintage appeal with modern comforts. Whether you're a renovator, investor, or a homeowner with vision, this property presents a wonderful canvas in a location that continues to grow in value. The main floor has 2 bedrooms and 1 full bath, while the basement is great for a potential office, den, or playroom. Ample storage space in basement. Detached outbuilding is wired making it an ideal workshop. Detached carport. Beautiful lot with gentle slope to rear tree line. Just outside of the city limits, the home is conveniently located to shopping and restaurants. Minutes to Highway 321 with easy access to Gastonia and Charlotte. Don't miss this affordable home that can be lived in and updated later!
Closed
$175,000
118 Downey Lake Rd, Dallas, NC 28034
2beds
937sqft
Single Family Residence
Built in 1930
0.69 Acres Lot
$176,200 Zestimate®
$187/sqft
$1,364 Estimated rent
Home value
$176,200
$160,000 - $194,000
$1,364/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 12, 2025 at 05:30am
Listing Provided by:
Toni Whiteside toniwrealestate@gmail.com,
Toni Whiteside Real Estate LLC
Bought with:
Susan Huntsinger
Huntsinger Real Estate
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4286812
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Bedroom s
- Level: Main
Bedroom s
- Level: Main
Other
- Level: Basement
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Floor Furnace
Appliances
- Included: Gas Range, Gas Water Heater, Refrigerator
- Laundry: Gas Dryer Hookup, In Kitchen
Features
- Flooring: Carpet
- Basement: Exterior Entry,Interior Entry,Partially Finished,Storage Space
Interior area
- Total structure area: 937
- Total interior livable area: 937 sqft
- Finished area above ground: 937
- Finished area below ground: 0
Property
Parking
- Parking features: Detached Carport, Driveway
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
Lot
- Size: 0.69 Acres
Details
- Additional structures: Workshop
- Parcel number: 171064
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Other
- Roof: Shingle
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & neighborhood
Location
- Region: Dallas
- Subdivision: None
Other
Other facts
- Road surface type: Gravel, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2025 | Sold | $175,000$187/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4286812 | ||
| 8/5/2025 | Listed for sale | $175,000$187/sqft |
Source: Canopy MLS as distributed by MLS GRID #4286812 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $575 | $162,700 +0.9% |
| 2024 | $575 +2.7% | $161,190 |
| 2023 | $560 | $161,190 +81.1% |
Find assessor info on the county website
Neighborhood: 28034
Nearby schools
GreatSchools rating
- 2/10Costner Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 2/10William C Friday Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10North Gaston High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Costner
- Middle: W.C. Friday
- High: North Gaston
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$176,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$176,200