See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

535 Merrimac Road, Edenton, NC, 27932

6beds
3baths
2,600sqft
$335,000
$129price/sqft
$2,279/moest. monthly cost
$91,160/yrincome needed

About This Home

Looking for a property with space and potential? This unique opportunity offers six bedrooms and three bathrooms with a flexible layout that could easily serve a variety of needs. While it's currently configured as it is today, it could also be converted back into a single-family home if that better fits your vision. Looking for your next investment? This property has a proven solid rental history as short, medium and long term rental. The three units offer flexibility and opportunity for great cash flow. Yes, it could use some TLC, but the hard part is already here. With generous square footage and endless possibilities, this property is a great opportunity for someone ready to add their own style and make it shine. Whether you're looking to create a spacious home or reimagine the space, the potential is easy to see Don't miss the porches with great views! Enjoy year around perfect for dining, relaxing or entertaining

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

--
White Oak ElementaryGrades PK-24.0 mi
4/10
Chowan MiddleGrades 6-84.5 mi
3/10
John A Holmes HighGrades 9-1210.6 mi

Construction

Condition

  • Year built: 1964

Materials

  • Foundation: Slab
  • Roof: Metal
  • Construction materials: Block,Vinyl Siding

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • None

Heating & Cooling

  • Heating features: Heat Pump,Electric
  • Cooling features: Central Air,Wall/Window Unit(s),Heat Pump,Multi Units

Interior Area

  • Total structure area: 2,600
  • Total interior livable area: 2,600 sqft

Property

Details

  • Parcel number: 687910353765
  • Zoning: A-1

Features

  • Levels: One
  • Patio & porch: Porch,Screened
  • Fencing: None
  • Has view: Yes
  • View description: River
  • Has water view: Yes
  • Water view: River
  • Frontage type: See Remarks
  • Living area range: 2600 - 2799

Lot

  • Lot size: 9,312 sqft
  • Lot size dimensions: 48 x 194

Parking

  • Parking features: Off Street

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

  • Hurricane
    HurricaneVery High
  • Winter Weather
    Winter WeatherVery High
  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Hurricane
Winter Weather
Heat Wave
Lightning
Strong Wind
Coastal Flooding
Cold Wave
Drought
Hail
Inland Flooding

FEMA Declared Disasters in Chowan 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 $1,693$20,316
Home Insurance *$131$1,572
Property Taxes $213$2,556
Electricity $242$2,905
Total$2,279$27,348
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$78,137/yr
40% on housing$68,370/yr
45% on housing$60,773/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: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 15.9%
15.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$129This listing

vs Other Active Listings

Avg $/sqft

ZIP 27932$184
Chowan County$187

vs Homes Sold Last Month

Median $/sqft

ZIP 27932
Chowan County$183

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)

No zestimate history available

Price History

DateEventPrice
2026-08-03Price change$335,000
2026-06-30Listed for sale$360,000

For Sale by Agent

AgentVan-Dee Hetherington
BrokerageWelcome Home Realty NC

Similar Homes