505 Mimosa Ave Morganton, NC 28655
Highlights
- Wood Flooring
- No HOA
- Laundry Room
- Heritage Middle School Rated A-
- Front Porch
- 1-Story Property
About This Home
Investor Opportunity in the Heart of Drexel! This 2-bedroom, 1-bath home offers over 1,000 square feet of living space. It is centrally located within the town of Drexel, just minutes from local shops, restaurants, and convenient access to I-40 for an easy commute to Morganton, Hickory, and surrounding areas. This property has significant potential and would be an excellent opportunity for investors, flippers, or buyers looking to renovate and add value. Inside, you'll find original hardwood floors throughout most of the home and a functional layout that makes great use of the space. The home features two fireplaces—one in the living room and another in the kitchen—both believed to be wood-burning if uncovered, offering character and charm that could really shine with the right updates. Situated on approximately 0.77 acres, the lot is mostly cleared and relatively flat, providing plenty of room for outdoor enjoyment, gardening, or future improvements. With its convenient location, spacious lot, and solid bones, this property is ready for someone with vision to bring it back to life. Don't miss the opportunity to unlock the potential this Drexel property has to offer!
Listing Agent
Chase Gray Realty LLC Brokerage Email: madelinepollardrealestate@gmail.com License #354995 Listed on: 03/16/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1935
Lot Details
- 0.77 Acre Lot
- Cleared Lot
- Property is zoned R-8
Parking
- Driveway
Home Design
- Architectural Shingle Roof
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Wood Burning Fireplace
- Living Room with Fireplace
- Electric Range
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Interior Basement Entry
- Dirt Floor
Outdoor Features
- Front Porch
Schools
- Drexel Elementary School
- Heritage Middle School
- Jimmy C Draughn High School
Utilities
- Window Unit Cooling System
- Floor Furnace
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 2723785679
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 | $735 | $70,506 | $24,479 | $46,027 |
| 2024 | $488 | $70,506 | $24,479 | $46,027 |
| 2023 | $483 | $70,506 | $24,479 | $46,027 |
| 2022 | $431 | $50,231 | $19,698 | $30,533 |
| 2021 | $425 | $50,231 | $19,698 | $30,533 |
| 2020 | $421 | $50,231 | $19,698 | $30,533 |
| 2019 | $421 | $50,231 | $19,698 | $30,533 |
| 2018 | $390 | $45,780 | $19,698 | $26,082 |
| 2017 | $388 | $45,780 | $19,698 | $26,082 |
| 2016 | $376 | $45,780 | $19,698 | $26,082 |
| 2015 | $373 | $45,780 | $19,698 | $26,082 |
| 2014 | $372 | $45,780 | $19,698 | $26,082 |
| 2013 | $372 | $45,780 | $19,698 | $26,082 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/16/2026 03/16/26 | For Sale | $85,000 | -- | $85 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4357887
APN: 10659
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Ask me questions while you tour the home.