$199,000

1206 US Highway 29 Bus Reidsville, NC 27320

Estimated payment $1,205/month

3 Beds
2 Baths
2,052 Sq Ft
$97 Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • Outdoor Storage
  • Corner Lot
  • 2 Car Attached Garage
  • Ceiling Fan

About This Home

Offers will be reviewed after 7 days on the market. This Property was previously financed by a mortgage loan that was insured by the U.S. Department of Housing and Urban Development (“HUD”) and requires 30-day priority purchase period for Owner-Occupant buyers, Eligible Nonprofit Organizations, and governmental entities. Applicable buyers MUST SUBMIT the Notice of Interest document for offer review (attached in documents). Investor offers can be accepted after 31 days on market(12/26/25). Awesome opportunity for a brick ranch surrounded by mature oaks and located on a peninsula lot near Lake Reidsville. Formal living room, three bedrooms, eat in kitchen, den and bonus workshop area. Oversized block storage building and attached two car garage. Property is being sold "AS-IS, WHERE IS" Will not qualify FHA financing in current condition. ***Agents - see Agent only Section for offer instructions and requirements***

Listing Agent

Thomas Somerville

eXp REO BROKERS, Inc License #190717 Listed on: 11/25/2025

eXp REO BROKERS, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,848

Year Built

  • Built in 1960

Lot Details

  • 0.83 Acre Lot
  • Corner Lot
  • Level Lot
  • Property is zoned RP

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,052 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Dishwasher
  • Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Outdoor Storage

Utilities

  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 148777
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,848

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.83
  • Subdivision Name: None
  • Directions: ***Access property via rear driveway on Reid Lake Rd*** From Greensboro - N on 29 - Exit 29 Business - Left Reid Lake Rd (Tight Hairpin Turn). From Reidsville - S Scales or 87 to south on Business 29 Right Reid Lake Rd.
  • Above Grade Finished Sq Ft: 2052
  • Architectural Style: Ranch
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1960
  • TRIADMLS_PrimaryOnMainYN: Yes
  • Idx Status: Active
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_LandDescription: Corner, Level
  • Special Features: None

Interior Features

  • Appliances: Oven, Cooktop, Dishwasher, Remarks, Electric Water Heater
  • Flooring: Carpet, See Remarks, Vinyl, Wood
  • Interior Amenities: Ceiling Fan(s), Dead Bolt(s), See Remarks
  • Has Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 2052
  • Main Level Bathrooms: 2
  • Attic Description: Remarks
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Exterior Features: Remarks
  • Lot Features: Corner Lot, Level
  • Pool Features: None
  • Construction Type: Brick
  • Other Structures: Storage
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage, Driveway, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Septic Tank
  • Laundry Features: Dryer Connection, Washer Hookup
  • Cooling: Other
  • Heating: See Remarks
  • Water Source: Well
  • TRIADMLS_HeatingFuel: Remarks
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 148777
  • Zoning: RP

Tax Info

  • Tax Annual Amount: 1847.81
  • Tax Year: 2025
  • TRIADMLS_TaxRate: 0.6801

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

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 $1,848 $271,696 $35,543 $236,153
2024 $1,800 $271,696 $35,543 $236,153
2023 $1,800 $159,575 $28,331 $131,244
2022 $1,285 $159,575 $28,331 $131,244
2021 $1,285 $159,575 $28,331 $131,244
2020 $1,285 $159,575 $28,331 $131,244
2019 $1,285 $159,575 $28,331 $131,244
2018 $1,155 $143,297 $35,756 $107,541
2017 $1,155 $143,297 $35,756 $107,541
2015 $258 $143,297 $35,756 $107,541
2014 -- $143,297 $35,756 $107,541
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2025 11/25/25 For Sale $199,000 -- $97 / Sq Ft
Source: Triad MLS

Purchase History

Date Type Sale Price Title Company
Trustee Deed $167,900 None Listed On Document
Interfamily Deed Transfer -- Americas Reverse Title Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $225,000 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Source: Triad MLS

MLS Number: 1203175

Triad MLS

APN: 148777

North Carolina Rockingham County Reidsville 27320

1206 US Highway 29 Bus, Reidsville, NC

For Sale

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Triad MLS Copyright 2025 Triad MLS, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.

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Thomas Somerville
Listing Agent
Thomas Somerville
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eXp REO BROKERS, Inc
(743) 226-3552