**Investor's Opportunity!** Don’t miss out on this rare chance to invest in a property with incredible potential! Situated on a large lot, totaling 1.26-acres, this home is primed for a full renovation to maximize its value. With an after-repair value (ARV) of over $450,000+, this property offers the potential for excellent returns once completed. Boasting over 3,000 sq. ft., the home includes 4 spacious bedrooms, 3 large bathrooms, and convenient washer/dryer hookups on both the main and upper levels. The expansive layout provides the perfect foundation for a modern makeover, and the large kitchen is ready to be transformed into a culinary enthusiasts dream! The additional parcel adds significant value, offering options for further development, or outdoor living spaces. Whether you want to enhance the property with more development or simply enjoy the added privacy, this oversized lot presents endless possibilities. Act fast and schedule your showing today!
Closed
$242,000
507 Rector Ave SE, Valdese, NC 28690
4beds
3,073sqft
Single Family Residence
Built in 1977
1.26 Acres Lot
$249,500 Zestimate®
$79/sqft
$2,400 Estimated rent
Home value
$249,500
Estimated sales range
Not available
$2,400/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 01, 2025 at 09:05am
Listing Provided by:
Hannah Fox hannah@nctruenorthrealty.com,
True North Realty
Bought with:
Stephanie Mora
Realty Executives of Hickory
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4242038
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom s
- Level: Main
Bedroom s
- Level: Upper
Bedroom s
- Level: Upper
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Upper
Den
- Level: Main
Dining room
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Main
Living room
- Level: Main
Heating
- Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Exhaust Hood
- Laundry: Main Level, Upper Level
Features
- Flooring: Carpet, Tile, Vinyl
- Has basement: No
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 3,073
- Total interior livable area: 3,073 sqft
- Finished area above ground: 3,073
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage, Garage on Main Level
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Covered, Front Porch, Rear Porch
Lot
- Size: 1.26 Acres
Details
- Additional parcels included: 2743122025
- Parcel number: 14472
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood
- Foundation: Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & neighborhood
Location
- Region: Valdese
- Subdivision: None
Other
Other facts
- Listing terms: Cash,Other - See Remarks
- Road surface type: Asphalt, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2025 | Sold | $242,000-6.6%$79/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4242038 Report a problem | ||
| 4/4/2025 | Listed for sale | $259,000$84/sqft |
Source: Canopy MLS as distributed by MLS GRID #4242038 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,009 -0.4% | $255,088 -15% |
| 2024 | $3,020 -8.9% | $300,173 |
| 2023 | $3,315 +83.6% | $300,173 +21% |
Find assessor info on the county website
Neighborhood: 28690
Nearby schools
GreatSchools rating
- 5/10Valdese ElementaryGrades: PK-5Distance: 0.7 mi
- 4/10Heritage MiddleGrades: 6-8Distance: 2.1 mi
- 8/10Jimmy C. Draughn High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Valdese
- Middle: Heritage
- High: Jimmy C Draughn
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
$249,500