Davidson · Davidson, NC
504 Potts Street
Davidson, NC · 2,451 sqft
$1,275,000
Reduced from $1,650,000
- 4Beds
- 2Baths
- 2,451SqFt
- 1910Year
- 299 x 102 x 297 x102Lot
- 256Days on market
About this home
Beautiful, level .645 acre parcel at the corner of Potts Street & Catawba Avenue in Davidson! Currently has a home built in 1910 with 2452 heated square feet. One option would be to renovate the home and subdivide the rear of parcel into 2 buildable lots. Regardless, at this price, the property's main value is in the land for a Minor Exempt Subdivision (up to 3 lots on a parcel less than 2 acres). The property is located in the Village Infill Zoning Area & Orange Overlay District. It has 300' of road footage on Catawba Avenue and 100' of road frontage on Potts Street. Appears to set up nicely for three lots with 100' frontage each and rear depth of 100' - roughly .215 acres each.
One block from South Main Street in Davidson. Great opportunity for a custom builder or an investor in Davidson.
Property details
- Beds
- 4
- Baths
- 2
- SqFt
- 2,451
- Lot
- 299 x 102 x 297 x102
- Year built
- 1910
- Type
- Single Family
- Days on market
- 256
- Heating
- Electric, Forced Air
- Cooling
- None
- Foundation
- Crawl Space
- Flooring
- Carpet, Vinyl, Wood
Features
- Entrance Foyer
- Pantry
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$9,383/ month
- Principal & interest
- $7,896
- Property tax (~1.05%)
- $1,115
- Homeowners insurance
- $371
- HOA dues
- —
Down payment
$63,750 down · $1,211,250 financed
Income to qualify (28% rule)
~$402,169 / 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.