$390,000
 $2,094 est/mo Sourced by Back At You

700 Fernwood Drive,Clayton, NC 27520

Clayton, NC 27520

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Description

"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!

Details

MLS #10164244
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1965
Days On Site170
Listing Provided ByColdwell Banker HPW | ISIS ROMERO Romero

Features

Bed(s)3
Bath(s) 3 Total
SQ Feet2,801
Garage2
Story(s)1
ZoningRES
Acreage0.60

Interior

Interior FeaturesBookcases, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, High Ceilings, Pantry, Primary Downstairs, Separate Shower, Soaking Tub, Walk-In Closet(s)
Heating Yes / NoYes
Cooling Yes / NoYes
CoolingCentral Air
Fireplaces Total2
Fireplace Yes / NoYes
Laundry FeaturesLaundry Room, Main Level
Rooms Total9

Exterior

Exterior FeaturesPlayground, Rain Gutters
RoofShingle
Foundation DetailsBrick/Mortar
Lot FeaturesLandscaped
Construction MaterialsBrick, Vinyl Siding
Door FeaturesFrench Doors
Patio And Porch FeaturesCovered, Patio, Porch

Parking

Attached Garage Yes / NoYes
Garage Yes / NoYes
Parking FeaturesConcrete, Driveway, Garage, Garage Faces Side

Utilities

SewerSeptic Tank

Taxes

Tax Assessed Value383600
Tax Legal DescriptionUs Hwy 70 Bus W And Ncsr 1592
Tax Year2025

Other

Accessibility FeaturesAccessible Central Living Area

Area Information

StateNC
CountyJohnston
CityClayton
Zip Code27520
AreaJohnston
Community NameDogwood Forest
School DistrictJohnston - Clayton High
Elementary SchoolJohnston - West Clayton Elementa
High SchoolJohnston - Clayton High
Listing VS Median (in Dogwood Forest)
Price:
$390,000
low | high
Med:
$424,900
41.051282051282% of Average
sqft:
2,801
low | high
Med:
2,282
68.52909675116% of Average
$ / sqft:
$139
low | high
Med:
$186
16.272848828064% of Average
On site:
170
low | high
Med:
141
100% of Average
Sourced by Back At You

Market Activity 27520

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Learn More About This Property

StateNC
CountyJohnston
CityClayton
Zip Code27520
AreaJohnston
Community NameDogwood Forest
School DistrictJohnston - Clayton High
Elementary SchoolJohnston - West Clayton Elementa
High SchoolJohnston - Clayton High
Listing VS Median (in Dogwood Forest)
Price:
$390,000
low | high
Med:
$424,900
41.051282051282% of Average
sqft:
2,801
low | high
Med:
2,282
68.52909675116% of Average
$ / sqft:
$139
low | high
Med:
$186
16.272848828064% of Average
On site:
170
low | high
Med:
141
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $292K - $487K
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
3 Dogwood Forest Property Photo 1
$424,900
3 Dogwood Forest
Clayton, NC 27520
Listing Updated: September 29, 2026 at 2:43:05 PM PDT