368 Settlemyre Rd Morganton, NC 28655
Estimated payment $1,764/month
Highlights
- Guest House
- Wood Burning Stove
- Wood Flooring
- Heritage Middle School Rated A-
- Wooded Lot
- Farmhouse Style Home
About This Home
Discover a rare opportunity to restore a piece of local history with this 1909 farmhouse nestled on 6.19 acres. Located just outside Drexel, with easy access to Morganton & Valdese, this property offers both the charm of country living & the convenience of nearby amenities. With a little vision & dedication, this timeless home can be brought back to its former glory—blending classic character with modern comforts. Features include hardwood & pine floors, two wood-burning fireplaces, a main-level living room, sunroom, kitchen, bedroom, full bath, & laundry. A heated/cooled rear porch leads to the backyard & a 370 sq ft detached guest house with kitchenette, laundry, & bath. Upstairs offers two bedrooms, a den/office, & a second full bath. A storage/workshop from a converted singlewide at the rear of the property, considered of no value. Old shared driveway near 350 Settlemyre Rd. Sold as-is; priced accordingly. Cash, conventional or reno loan preferred. A unique opportunity to own a slice of history with endless potential! Reduced $15,000 to $335,000!
Listing Agent
C Shane Cook & Associates Brokerage Email: cshanecook@yahoo.com License #210804 Listed on: 05/28/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $28
Year Built
- Built in 1909
Lot Details
- Wooded Lot
- Property is zoned R-20
Home Design
- Farmhouse Style Home
- Metal Roof
- Wood Siding
Interior Spaces
- 2-Story Property
- Wired For Data
- Wood Burning Stove
- Wood Burning Fireplace
- Wood Flooring
- Crawl Space
Kitchen
- Gas Range
- Dishwasher
Bedrooms and Bathrooms
- 3 Full Bathrooms
Laundry
- Laundry Room
- Laundry in Bathroom
Parking
- 2 Detached Carport Spaces
- Circular Driveway
Outdoor Features
- Enclosed Patio or Porch
- Separate Outdoor Workshop
Additional Homes
- Guest House
- Separate Entry Quarters
Schools
- Drexel Elementary School
- Heritage Middle School
- Jimmy C Draughn High School
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Radiant Heating System
- Propane
- Septic Tank
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 2724-41-1490
Map
Home Values in the Area
Average Home Value in this Area
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 | $28 | $4,320 | $4,320 | $0 |
| 2024 | $29 | $4,320 | $4,320 | $0 |
| 2023 | $29 | $4,320 | $4,320 | $0 |
| 2022 | $28 | $3,600 | $3,600 | $0 |
| 2021 | $28 | $3,600 | $3,600 | $0 |
| 2020 | $28 | $3,600 | $3,600 | $0 |
| 2019 | $28 | $3,600 | $3,600 | $0 |
| 2018 | $28 | $3,600 | $3,600 | $0 |
| 2017 | $28 | $3,600 | $3,600 | $0 |
| 2016 | $27 | $3,600 | $3,600 | $0 |
| 2015 | $27 | $3,600 | $3,600 | $0 |
| 2014 | $27 | $3,600 | $3,600 | $0 |
| 2013 | $27 | $3,600 | $3,600 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/10/2025 10/10/25 | Pending | -- | -- | -- | |
| 09/19/2025 09/19/25 | Price Changed | $335,000 | -4.3% | $118 / Sq Ft | |
| 07/24/2025 07/24/25 | For Sale | $350,000 | 0.0% | $124 / Sq Ft | |
| 07/19/2025 07/19/25 | Pending | -- | -- | -- | |
| 05/28/2025 05/28/25 | For Sale | $350,000 | +159.3% | $124 / Sq Ft | |
| 03/28/2014 03/28/14 | Sold | $135,000 | 0.0% | $55 / Sq Ft | View Prior Sale |
| 03/28/2014 03/28/14 | Pending | -- | -- | -- | |
| 01/14/2014 01/14/14 | For Sale | $135,000 | -- | $55 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $135,000 | None Available |
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4264485
APN: 56864
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