Michelle Galloway
RE/MAX Legendary
(920) 547-3983
90 Total Sales
1 in Drexel
$325,000 Price
368 Settlemyre Rd Morganton, NC 28655
Drexel AreaEstimated Value: $321,000
3
Beds
3
Baths
2,828
Sq Ft
$114/Sq Ft
Est. Value
Highlights
- Guest House
- Wooded Lot
- Farmhouse Style Home
- Wood Burning Stove
- Wood Flooring
- No HOA
About This Home
As of November 2025Discover 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!
Last Agent to Sell the Property
C Shane Cook & Associates Brokerage Email: cshanecook@yahoo.com License #210804 Listed on: 05/28/2025
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Home Details
Home Type
- Single Family
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 on main level
- 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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Morganton, NC
-
Michelle Galloway
-
Nichole Sedberry
Nichole Sedberry
True North Realty
(843) 703-1912
27 Total Sales
2 in Drexel
$85K - $455K Price Range
-
Scott David
Scott David
Keller Williams Lake Norman
(980) 580-8869
167 Total Sales
1 in Drexel
$228,000 Price
-
Crisandra Ashley
Crisandra Ashley
Home & Heart Realty, LLC
(828) 624-4488
90 Total Sales
1 in Drexel
$168,000 Price
-
Ameliah Davidson
Ameliah Davidson
GreyBeard Realty
(828) 484-0239
115 Total Sales
1 in Drexel
$239,900 Price
-
Sarah Benfield
Sarah Benfield
Home & Heart Realty, LLC
(828) 624-3793
48 Total Sales
1 in Drexel
$132,000 Price
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/21/2025 11/21/25 | Sold | $327,500 | -2.2% | $116 / Sq Ft | |
| 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 |
Source: Canopy MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
C. Shane Cook
Seller's Agent in 2025
C. Shane Cook
C Shane Cook & Associates
(828) 443-3205
125 Total Sales
-
Daisy Donnahue
Buyer's Agent in 2025
Daisy Donnahue
Coldwell Banker Newton RE
(828) 448-2290
64 Total Sales
Map
Source: Canopy MLS
MLS Number: 4264485
APN: 56864
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID
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