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311 Soco Gap Rd, Ellenboro, NC, 28040

2beds
1baths
988sqft
$644,900
$653price/sqft
$4,057/moest. monthly cost
$162,280/yrincome needed

About This Home

This property truly offers the perfect balance of expansive acreage and endless potential, providing a rare blank canvas for your vision. Whether you are looking to restore a piece of 1930s history or build a modern mountain-view estate, the sheer scale of this 51-acre tract makes it possible. The Best of Both Worlds The Expansive Acres: Explore a vast terrain that transitions from lush, rolling clearings to dense stands of hardwoods. This footprint is large enough to ensure total seclusion, create a private trail system, or support a full-scale equestrian setup or hobby farm. The Endless Potential: With no restrictive covenants, your imagination is the only limit. You can renovate the original 1938 farmhouse to preserve its vintage soul, use it as a rental/guest house while you build your primary residence on one of the higher ridges, or capitalize on the land's potential for subdivision or agricultural ventures. This isn't just a home; it’s a legacy property where the quiet of the countryside meets a world of opportunity.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
11
BikeSomewhat Bikeable

Schools

9/10
4/10
Chase Middle SchoolGrades 6-84.1 mi
6/10
Chase High SchoolGrades 9-124.9 mi

Construction

Condition

  • Year built: 1938

Materials

  • Foundation: Crawl Space
  • Roof: Composition
  • Construction materials: Wood

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Range,Electric Water Heater,Refrigerator
  • Laundry features: Electric Dryer Hookup,Laundry Room

Bathroom Full

  • Level: Main

Bedroom S

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Level: Main

Features

  • Finished area below ground: 0
  • Finished area above ground: 988

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 988
  • Total interior livable area: 988 sqft

Laundry

  • Level: Main

Living Room

  • Level: Main

Primary Bedroom

  • Level: Main

Property

Details

  • Parcel number: 322831
  • Zoning: None
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 51 Acres

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Ice Storm
    Ice StormRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Ice Storm
Cold Wave
Inland Flooding
Lightning
Tornado

FEMA Declared Disasters in Rutherford County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,260$39,120
Home Insurance *$266$3,192
Property Taxes $331$3,972
Electricity $200$2,405
Total$4,057$48,684
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$139,097/yr
40% on housing$121,710/yr
45% on housing$108,186/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.6%
11.6%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 8.5%
8.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$653This listing

vs Other Active Listings

Avg $/sqft

ZIP 28040$156
Rutherford County$227

vs Homes Sold Last Month

Median $/sqft

ZIP 28040$164
Rutherford County$196

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-23Listed for sale$644,900

For Sale by Agent

AgentTina White
BrokerageRE/MAX Executive

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