Statesville · Statesville, NC
225 Midway Road
Statesville, NC · 2,755 sqft
$1,850,000
- 4Beds
- 2Baths
- 2,755SqFt
- 1967Year
- 4Days on market
About this home
A beautiful nearly 90 acre tract only minutes from shopping, restaurants, and I40. This comes with peaceful and private setting and scenic rural views. The east side of both halves of the property is bordered by a creek. The property is split down the middle by Midway Road, providing ideal access for residential development. The property is a working tree farm with agricultural exemption. 58 acres of Loblolly Pines were recently harvested leaving approximately 30 acres of standing timber. It has been replanted for your future income and tax benefits. The existing home is also utilized as an investment/ rental property (current renters on a month-to-month lease). Build and/or develop now or earn income while you watch your property values increase. The possibilities are endless with this acreage.
Property details
- Beds
- 4
- Baths
- 2
- SqFt
- 2,755
- Lot
- —
- Year built
- 1967
- Type
- Single Family
- Days on market
- 4
- Garage
- 2
- Heating
- Heat Pump
- Cooling
- Central Air
- Foundation
- Basement
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$13,615/ month
- Principal & interest
- $11,457
- Property tax (~1.05%)
- $1,618
- Homeowners insurance
- $539
- HOA dues
- —
Down payment
$92,500 down · $1,757,500 financed
Income to qualify (28% rule)
~$583,539 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.