$259,900

1115 Lorraine St Graham, NC 27253

Estimated payment $1,530/month

Total Views 2,237
4 Beds
1.5 Baths
1,251 Sq Ft
$208 Price per Sq Ft

Highlights

  • Wood Flooring
  • Brick Veneer
  • 1-Story Property
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

This charming 4-bedroom, 1.5-bathroom house at 1115 Lorraine St offers exceptional renovation potential in the heart of Graham's most desirable residential corridor. Situated in the well-established Lorraine Street neighborhood, this property combines small-town charm with convenient access to major transportation routes and urban amenities.

The home's interior layout maximizes functionality across its spacious floor plan. The main level features a generous living room, creating seamless flow for both daily living and entertaining. The kitchen, while ready for modern updates, provides a potential for complete customization to today's open-concept preferences. A formal dining room adjacent to the kitchen offers flexibility as additional living space or home office. The main floor half-bathroom adds convenience for guests.

This neighborhood represents a residential community characterized by mature trees, well-maintained properties, and a strong sense of community pride. The location provides ideal access to Graham's historic downtown district, featuring local restaurants, shops, and community events that celebrate the area's rich heritage. Residents enjoy proximity to both rural tranquility and urban conveniences, with Alamance County's agricultural landscapes just minutes away.

The renovation potential here is truly remarkable. The home's solid construction provides an excellent foundation for modern updates including kitchen expansion, bathroom additions, and potential primary suite creation and the flex space possibilities are endless.

Local educational options include Graham schools within the Alamance-Burlington School System. Elementary, middle, and high school options are all conveniently located nearby. The area also benefits from proximity to Alamance Community College and reasonable commuting distance to University of North Carolina campuses.

Transportation connectivity stands as a major advantage, with the Graham Park & Ride facility just over half a mile away, providing convenient access to regional transit options and major highway connections. Interstate 40 and 85 are easily accessible, facilitating commutes to Greensboro, Durham, Raleigh, and Charlotte metropolitan areas. This transportation advantage significantly enhances the property's appeal for both residents and rental market considerations.

Current market conditions in Graham show strong appreciation trends, with established neighborhoods like Lorraine Street maintaining excellent value stability. Comparable properties in this area demonstrate consistent demand from both owner-occupants and investors seeking reliable rental income opportunities. The combination of affordable entry pricing and substantial improvement potential creates exceptional value proposition in today's competitive market.

Outdoor space possibilities are extensive with the lot providing multiple options for customization. The backyard offers excellent potential for deck installation, garden development, or outdoor entertaining areas. Mature landscaping provides natural privacy while leaving room for personalization. Front yard space allows for additional parking or landscape enhancement that could significantly boost curb appeal.

This property represents a rare opportunity to acquire substantial square footage in a Graham neighborhood at competitive pricing. Whether pursuing personal residence with customization potential or investment property with proven rental demand, 1115 Lorraine St delivers exceptional value in today's dynamic real estate environment.

Listing Agent

NANCY OVERBEY

Sweatt Realty, LLC License #355098 Listed on: 08/24/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,830

Year Built

  • Built in 1969

Lot Details

  • 10,454 Sq Ft Lot

Home Design

  • Brick Veneer
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,251 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • S Graham Elementary School
  • Graham Middle School
  • Graham High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 143694

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,830

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Year Built: 1969
  • Prop. Type: Residential
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1251.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • General Property Information Basement YN: No
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Room Types Primary Bedroom Level: Main
  • Flooring Vinyl: Yes
  • Flooring Wood: Yes
  • General Property Information Senior Community YN: No
  • Flooring Laminate: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Above Grade Finished Area: 1251.0
  • Roof Composition: Yes
  • General Property Information Lot Size Square Feet2: 10454.0
  • General Property Information Lot Size Acres: 0.24
  • General Property Information Stories2: 1
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Flooring: Carpet, Laminate, Tile, Vinyl, Wood
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Total Bedrooms: 8
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Acres: 0.24
  • Construction Type: Brick Veneer
  • Foundation Details: Slab
  • Construction Materials:Brick Veneer: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Alamance - Graham
  • Middle Or Junior School: Alamance - Graham

Lot Info

  • Zoning: residential
  • Lot Size Sq Ft: 10454.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 143694

Tax Info

  • Tax Annual Amount: 1829.84
  • Tax Year: 2024
  • Tax Map Number: 6

MLS Schools

  • Elementary School: Alamance - S Graham

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,191 $241,117 $30,000 $211,117
2024 $1,131 $241,117 $30,000 $211,117
2023 $1,036 $241,117 $30,000 $211,117
2022 $1,140 $103,501 $20,000 $83,501
2021 $1,151 $103,501 $20,000 $83,501
2020 $1,161 $103,501 $20,000 $83,501
2019 $1,164 $103,501 $20,000 $83,501
2018 $0 $103,501 $20,000 $83,501
2017 $597 $103,501 $20,000 $83,501
2016 $1,131 $109,323 $20,000 $89,323
2015 $633 $109,681 $20,000 $89,681
2014 $578 $109,681 $20,000 $89,681
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2025 08/24/25 For Sale $259,900 -- $208 / Sq Ft
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Deed $90,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $85,500 No Value Available
Source: Public Records

Source: Doorify MLS

MLS Number: 10116587

Doorify MLS

APN: 143694