405 Park Ave Lot 1, Morganton, NC, 28655
About This Home
In the heart of Drexel you'll find this home. It is in need of a major remode. The roof is newer. This home is in a very convenient location. It is just 4 blocks from Drexel Elementary School and easily a walkable distance to Drexel Fairgrounds and street festivals. 15 minutes from major shopping and less than that to restaurants and healthcare facilities. This home needs lots of care but will make someone a nice someplace someday. The flooring in the dining room has been removed due to termite damage and will have to be rebuilt. There is also a beam on the side of the deck that will need to be rebuilt. The owner is leaving a set of kitchen cabinets and several building materials for the buyer. IF you're looking for a fixer upper to save lots of money, this might be your next project.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1924
Materials
- Foundation: Other - See Remarks
- Construction materials: Wood
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: None
- Laundry features: None
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Features
- Finished area below ground: 0
- Finished area above ground: 0
Heating & Cooling
- Heating features: None
- Cooling features: None
Interior Area
- Total structure area: 0
Primary Bedroom
- Features: None
- Level: Main
Property
Details
- Parcel number: 2723695553
- Zoning: R-8
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Fencing: Fenced
Lot
- Lot size: 0.29 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
- Lightning
- Ice Storm
- Tornado
- Cold Wave
- Heat Wave
- Inland Flooding
- Strong Wind
- Winter Weather
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 | $455 | $5,460 |
| Home Insurance * | $35 | $420 |
| Property Taxes | $45 | $540 |
| Electricity | $200 | $2,405 |
| Total | $735 | $8,820 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-16 | Price change | $70,000 |
| 2026-07-24 | Listed for sale | $90,000 |
For Sale by Agent
View on Zillow