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3 Beds
3 Baths
2,801 sqft

$390,000

700 Fernwood Drive, Clayton NC, 27520

Price per sqft$139.24
Built in1965
Property size2,801 sqft
Property typeResidential
Listing courtesy of Coldwell Banker HPW

Overview

Active

Listed May 1, 2026

Updated 9 days ago

"INCREDIBLE EQUITY OPPORTUNITY! Rare chance to build instant sweat equity in a highly desirable Clayton location. This expansive 2,801 sqft all-brick ranch sits on a private 0.6-acre lot and boasts fantastic bones and character. Features include vaulted ceilings with exposed beams, two fireplaces, a newly renovated bathroom with elegant tilework, brand-new rear doors, and a new outdoor pergola. Recently appraised at $480,000, this property is an absolute dream for investors, contractors, or handy buyers looking to customize and create instant value. The property requires TLC, a full clean-out, and cosmetic updates. Sold strictly AS-IS. HUGE BONUS: This property features an FHA ASSUMABLE mortgage! Seller is highly motivated and open to Creative Financing, including Lease-Option / Rent-to-Own terms with an upfront option fee. Due to current condition and utilities being off, this will not qualify for traditional Conventional/FHA/VA loans. Cash, Hard Money, Assumable FHA, or Lease-Option only. Bring your vision and don't miss this rare chance to secure a property with massive upside potential!

$2,595/mo

Est. mortgage payment based on a $390,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
10164244

Interior Features

Bedrooms
3
Bathrooms
3
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.6 Acres

Other Property Details

Garage
Yes
55+/Senior Community
No
MLS provider logo

Listed by ISIS ROMERO Romero, , Coldwell Banker HPW

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Data last updated 7:31 AM UTC, 9/30/2026

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