$390,000
About this home
"INCREDIBLE EQUITY OPPORTUNITY! Rare chance to build instant sweat equity in a highly desirable Clayton location. This expansive 2,801 sqft all-brick ranch sits on a private 0.6-acre lot and boasts fantastic bones and character. Features include vaulted ceilings with exposed beams, two fireplaces, a newly renovated bathroom with elegant tilework, brand-new rear doors, and a new outdoor pergola. Recently appraised at $480,000, this property is an absolute dream for investors, contractors, or handy buyers looking to customize and create instant value. The property requires TLC, a full clean-out, and cosmetic updates. Sold strictly AS-IS. HUGE BONUS: This property features an FHA ASSUMABLE mortgage! Seller is highly motivated and open to Creative Financing, including Lease-Option / Rent-to-Own terms with an upfront option fee. Due to current condition and utilities being off, this will not qualify for traditional Conventional/FHA/VA loans. Cash, Hard Money, Assumable FHA, or Lease-Option only. Bring your vision and don't miss this rare chance to secure a property with massive upside potential!
Highlights
Property details
- MLS
- Doorify MLS
- MLS #
- 10164244
- Property type
- Single Family Residence
- Subdivision
- Dogwood Forest
- Status
- Active
- Days on market
- 174
- On market date
- May 1, 2026
- Stories
- N/A
- Total bathrooms
- 2.5
- Garage spaces
- 2
- Parking spaces
- 4
- Lot size
- 0.6 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 813
- Student:teacher ratio
- 15.3:1
- District
- Johnston County Public Schools
- Enrollment
- 646
- Student:teacher ratio
- 18.5:1
- District
- Johnston County Public Schools
- Enrollment
- 1,977
- Student:teacher ratio
- 18.7:1
- District
- Johnston County Public Schools
Walkability
Blended score for Clayton's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Clayton, from live MLS data.
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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 7 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.