408 Bailey Rd, Madison, NC, 27025
About This Home
This property is eligible under The Freddie Mac First Look Initiative through 7/8/26. This home has 2 bedrooms and 1 bath. There is a staircase up to second floor area that is unfinished. New Roof... Galley kitchen that is open to dining room area. Laundry room has tile flooring and leads to side deck. Detached garage/storage or shop and sits on an .88 acre lot. Bring your vision to this one!! This property is SOLD "AS-IS". Schedule your showing today!!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1957
Materials
- Construction materials: Vinyl Siding,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Stick/Site Built,Residential,Single Family Residence
Interior
Appliances
- Appliances included: Oven,Dishwasher,Remarks,Cooktop,Electric Water Heater
- Laundry features: Dryer Connection,Washer Hookup
Basement
- Basement: Crawl Space
Bedroom2
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Dining Room
- Level: Main
Features
- See Remarks
- Flooring: Laminate,See Remarks,Vinyl
- Number of fireplaces: 1
- Fireplace features: Living Room
- Fireplace: Yes
- Attic: Partially Floored,Permanent Stairs
- Finished area above ground: 910
Heating & Cooling
- Heating features: Heat Pump,See Remarks,Electric
- Cooling features: Other
Interior Area
- Total structure area: 910
- Total interior livable area: 910 sqft
Kitchen
- Level: Main
Laundry
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Main
Property
Details
- Parcel number: 124753
- Zoning: RP
- Special condition: Foreclosure/REO/Bank
Features
- Levels: One and One Half
- Stories: 1
- Pool features: None
- Patio & porch: Porch
- Exterior features: Garden
- Fencing: None
Lot
- Lot size: 0.88 Acres
- Features: Natural Land
- Lot size dimensions: 99 x 252 x 98 x 90 x 201
Parking
- Total spaces: 1
- Parking features: Driveway,Detached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- 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
- Inland Flooding
- Ice Storm
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Rockingham 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 | $580 | $6,960 |
| Home Insurance * | $45 | $540 |
| Property Taxes | $66 | $792 |
| Electricity | $200 | $2,405 |
| Total | $891 | $10,692 |
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 |
|---|---|---|
| 2026-07-25 | Price change | $114,900 |
| 2026-06-08 | Listed for sale | $119,900 |
| 2025-11-12 | Sold | $130,000 |
| 2025-10-28 | Listed for sale | -- |
| 2025-10-27 | Listing removed | $149,000 |
| 2025-06-13 | Price change | $149,000 |
| 2025-05-14 | Listed for sale | $158,000 |
| 2025-01-30 | Listing removed | $159,900 |
| 2025-01-23 | Listed for sale | $159,900 |
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