5929 Mourglea Ave, Connelly Springs, NC, 28612
About This Home
Located just south of Rutherford College & Valdese, this desirable investment property offers both immediate income & long-term potential. The property includes four well-maintained 1990s singlewide mobile homes, each thoughtfully updated by the current owner. These units currently generate $3,200/month ($38,400/year) in rental income, with room for increased returns. Recent improvements across the homes include: carpet, flooring, paneling, paint, interior & exterior doors, vanities & toilets, water heaters & many appliances. Each home is equipped with a heat pump, making them more attractive to quality tenants. The landlord currently handles lawn care, provides town water, & maintains a shared dumpster. Tenants are responsible for all other utilities. Each unit is on its own septic system. Set in a scenic location at the foot of Mineral Springs Mountain, just outside the town limits. Properties are tenant occupied. Please allow at least 24 hours for showings. The landlord will ask a tenant or 2 to accommodate showings. Additional units may be shown to serious, qualified buyers.
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Year built: 1991
Materials
- Foundation: Other - See Remarks
- Construction materials: Metal
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Range,Refrigerator
- Laundry features: Electric Dryer Hookup,Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 7
- Full bathrooms: 7
Features
- Finished area below ground: 0
- Finished area above ground: 3,668
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Heat Pump
Interior Area
- Total structure area: 3,668
- Total interior livable area: 3,668 sqft
Property
Details
- Parcel number: 2742991529
- Zoning: R-3
- Special condition: Standard
Lot
- Lot size: 1.17 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
- Ice Storm
- Lightning
- Cold Wave
- Hail
- Inland Flooding
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Burke County and North Carolina
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,567 | $18,804 |
| Home Insurance * | $146 | $1,752 |
| Property Taxes | $167 | $2,004 |
| Electricity | $341 | $4,099 |
| Total | $2,221 | $26,652 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-10 | Price change | $290,000 |
| 2026-07-07 | Price change | $310,000 |
| 2026-06-04 | Listed for sale | $315,000 |
| 2026-05-01 | Listing removed | $309,900 |
| 2025-11-02 | Price change | $309,900 |
| 2025-09-03 | Price change | $312,500 |
| 2025-08-18 | Listed for sale | $320,000 |
| 2024-06-21 | Listing removed | -- |
| 2024-05-16 | Price change | $490,000 |
| 2024-04-22 | Price change | $355,000 |
| 2024-01-05 | Price change | $365,000 |
| 2023-12-13 | Listed for sale | $375,000 |
For Sale by Agent
View on Zillow