$30,000
SOLD SEP 5, 2025

116 E Ingram St Mount Gilead, NC 27306

3 Beds
2 Baths
2,498 Sq Ft
0.47 Acres

Recently Sold

$12 Per Sq Ft

54% Below List Price

15 Days on Market

About This Home

As of September 2025

Attention investors and rehab specialists! This vacant SFR that is set up to host multi-family living offers a rare opportunity to restore a historic duplex just steps from downtown Mount Gilead. One side featuring a 2-bedroom, 1-bath layout and the other 1-bedroom, 1-bathroom , ideal for room rentals, long-term tenants, or a full flip.

The structure is in very poor condition and will require a complete renovation—but the upside is undeniable. With strong rental demand in the area and is the perfect blank canvas for a seasoned investor looking to maximize returns.

Situated on a nearly half-acre lot, there's potential for yard use, additional parking, or exterior upgrades to increase curb appeal.

Highlights

Two unit living

Separate entrances

Strong rental comps nearby

Sold as-is, no repairs by seller

Bring your vision, your contractor, and your calculator—this one won’t last.

Last Agent to Sell the Property

Cynthia Hegler

Southern Home Group Realty LLC Brokerage Email: cynthia.hegler@gmail.com License #289616 Listed on: 08/05/2025

Last Buyer's Agent

Tammy Sheffield

EXP Realty LLC Ballantyne License #341964

EXP Realty LLC Ballantyne

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Parking

  • Driveway

Home Design

  • Asbestos

Interior Spaces

  • 2,498 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 7503-09-15-4269

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1900
  • Road Surface Type: Dirt, Paved
  • Unit Levels: One
  • Ratio CurrentPrice/TotalPropertyHLA: 12.01
  • Geocode Confidence: High
  • Attribution Contact: cynthia.hegler@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2498
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: None
  • Above Grade Finished Sq Ft: 2498
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 2498
  • Bedroom Main: 3

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Asbestos

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: None
  • Sewer: Public Sewer
  • Laundry Features: None
  • Cooling: None
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 7503-09-15-4269
  • Additional Parcels: No
  • Zoning Specification: SFR

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2025
Closed on
Sep 4, 2025
Sold by
Lemonds Todd
Bought by
Lemonds Tracey
Seller's Agent
Cynthia Hegler
Southern Home Group Realty LLC
Buyer's Agent
Tammy Sheffield
EXP Realty LLC Ballantyne
List Price
$65,000
Sold Price
$30,000
Premium/Discount to List
-$35,000
-53.85%
Views
52
Current Estimated Value
$53,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,977
Avg. Annual Appreciation
526.83%

Purchase Details

Closed on
Apr 19, 2005
Sold by
King James Lunsford
Bought by
Lemonds Todd S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $35,000 None Listed On Document
Trustee Deed $21,525 None Available
Warranty Deed $21,525 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2025 09/05/25 Sold $30,000 -41.1% $12 / Sq Ft
08/14/2025 08/14/25 Price Changed $50,900 -15.2% $20 / Sq Ft
08/11/2025 08/11/25 Price Changed $60,000 -7.7% $24 / Sq Ft
08/05/2025 08/05/25 For Sale $65,000 -- $26 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

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 $652 $53,641 $5,550 $48,091
2024 $652 $53,641 $5,550 $48,091
2023 $636 $53,641 $5,550 $48,091
2022 $636 $53,641 $5,550 $48,091
2021 $636 $53,641 $5,550 $48,091
2020 $636 $53,641 $5,550 $48,091
2018 $860 $72,300 $5,550 $66,750
2017 $860 $72,300 $5,550 $66,750
2016 $860 $72,300 $5,550 $66,750
2015 $824 $72,300 $0 $0
2014 $824 $72,289 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cynthia Hegler

    Seller's Agent in 2025

    Cynthia Hegler

    Southern Home Group Realty LLC

    (970) 275-1977

    145 Total Sales

    Cynthia Hegler
    Section Image

  • T

    Buyer's Agent in 2025

    Tammy Sheffield

    EXP Realty LLC Ballantyne

    (704) 984-1450

    13 Total Sales

    Tammy Sheffield
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4289012

Canopy MLS (Canopy Realtor® Association)

APN: 7503-09-15-4269

North Carolina Montgomery County Mount Gilead 27306

116 E Ingram St, Mount Gilead, NC

Sold

Detached

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