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5350 Jay Rd, Morganton, NC, 28655

4beds
2baths
2,355sqft
$220,000
$93price/sqft
$1,543/moest. monthly cost
$61,720/yrincome needed

About This Home

INVESTOR SPECIAL!! Unlock the potential in this 4-bedroom, 2-bath home offering approximately 2,300 square feet on 0.55 acres. Whether you're searching for your next flip, investment property, or renovation project, this home provides the space and layout to bring your vision to life. Featuring two separate living areas, generously sized rooms, and original hardwood floors throughout much of the home, the possibilities for transformation are endless. The oversized den with gas logs creates an ideal focal point, while the additional living room adds valuable square footage for today's buyers. Outside, the spacious side deck overlooks the approximately 0.55-acre lot, providing another opportunity to enhance the property's appeal. With solid bones, a functional floor plan, and years of meticulous care, this home is primed for cosmetic updates that could significantly increase its value. Whether you're an experienced investor, a flipper, or someone looking to build equity through renovations, this property is packed with potential and ready for its next chapter. The home is being sold AS-IS!!

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
4
BikeSomewhat Bikeable

Schools

8/10
Mull ElementaryGrades PK-53.0 mi
5/10
Liberty MiddleGrades 6-83.5 mi
8/10

Construction

Condition

  • Year built: 1957

Materials

  • Foundation: Crawl Space
  • Roof: Metal
  • Construction materials: Brick Partial,Vinyl

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Other
  • Laundry features: Inside

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Upper

Bedroom S

  • Level: Main

Bedroom S

  • Level: Main

Bedroom S

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 3

Den

  • Level: Main

Dining Area

  • Level: Main

Features

  • Flooring: Carpet,Wood
  • Fireplace features: Family Room,Gas Log
  • Finished area below ground: 0
  • Finished area above ground: 2,355

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,355
  • Total interior livable area: 2,355 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Primary Bedroom

  • Level: Main

Property

Details

  • Parcel number: 2710366515
  • Zoning: R-MU
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Front Porch,Porch

Lot

  • Lot size: 0.55 Acres
  • Features: Cleared

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

  • Lightning
    LightningRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Lightning
Inland Flooding
Ice Storm
Tornado

FEMA Declared Disasters in Burke 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 $1,112$13,344
Home Insurance *$86$1,032
Property Taxes $126$1,512
Electricity $219$2,632
Total$1,543$18,516
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$52,902/yr
40% on housing$46,290/yr
45% on housing$41,146/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: 10.5%
10.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.1%
2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$93This listing

vs Other Active Listings

Avg $/sqft

ZIP 28655$184
Burke County$187

vs Homes Sold Last Month

Median $/sqft

ZIP 28655$177
Burke County$195

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
2026-08-13Price change$210,000
2026-06-15Listed for sale$220,000

For Sale by Agent

AgentMadeline Pollard
BrokerageChase Gray Realty LLC

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