$70,000
PENDING

1950 Gay St Statesville, NC 28625

Estimated payment $410/month

Total Views 4,583
2 Beds
1 Bath
860 Sq Ft
$81 Price per Sq Ft

Highlights

  • Front Porch
  • 1-Story Property
  • Level Lot
  • Storm Windows

About This Home

Check out this excellent investment opportunity! A 3 bedroom, 1 bathroom home that is currently in good condition and offers immediate cash flow. This property generates excellent rental income and is currently tenant-occupied. Schedule your showing today!

Listing Agent

Thomas Gregory

Lake Norman Realty, Inc. Brokerage Email: thomasg@lakenormanrealty.com License #297746 Listed on: 08/20/2025

Lake Norman Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $442

Year Built

  • Built in 1935

Lot Details

  • Lot Dimensions are 50x158x51x158
  • Level Lot
  • Property is zoned R8MFM

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 860 Sq Ft Home
  • 1-Story Property
  • Linoleum Flooring
  • Crawl Space
  • Storm Windows
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • On-Street Parking

Outdoor Features

  • Front Porch

Utilities

  • Window Unit Cooling System
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4754-01-6361.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$442

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1935
  • Restrictions: No Representation
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Special Assessment Description: N/A
  • Proposed Special Assessment Desc: N/A
  • Second Living Quarters: None
  • Road Surface Type: Dirt, Gravel, Paved
  • Unit Levels: One
  • Ratio CurrentPrice/TotalPropertyHLA: 81.40
  • Property Sub Type Additional: None
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: thomasg@lakenormanrealty.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Linoleum
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 860
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Above Grade Finished Sq Ft: 860
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 860
  • Window Features: Storm Window(s)
  • Bedroom Main: 2
  • Room Count: 5
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • Exterior Features: Storage
  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Waterfront Features: None
  • Exclusions: Window Unit
  • Construction Type: Block, Vinyl
  • Patio And Porch Features: Front Porch

Garage/Parking

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

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Window Unit(s)
  • Utilities: Cable Available, Electricity Connected
  • Water Source: City

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.18
  • Lot Size Units: Acres
  • Parcel Number: 4754-01-6361.000
  • Zoning: R8MFM
  • Development Status: Completed
  • Horse Amenities: None
  • Lot Size: 50X158X51X158
  • Additional Parcels: No
  • Zoning Specification: R8MFM

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

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
2024 $442 $37,530 $10,000 $27,530
2023 $442 $37,530 $10,000 $27,530
2022 $398 $25,640 $4,410 $21,230
2021 $454 $25,640 $4,410 $21,230
2020 $454 $25,640 $4,410 $21,230
2019 $452 $25,640 $4,410 $21,230
2018 $433 $25,920 $4,410 $21,510
2017 $428 $25,920 $4,410 $21,510
2016 $428 $25,920 $4,410 $21,510
2015 $295 $25,920 $4,410 $21,510
2014 $306 $28,380 $4,410 $23,970
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Pending -- -- --
08/20/2025 08/20/25 For Sale $70,000 -- $81 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4292337

Canopy MLS (Canopy Realtor® Association)

APN: 4754-01-6361.000