700 Fernwood Dr, Clayton, NC 27520
- $390,000
- 3
- BD
- 3
- BA
- 2,801
- SqFt
Seller Representative Coldwell Banker HPW
- List Price
- $390,000
- Price Change
- ▼ $20,000 1789782978
- Status
- ACTIVE
- MLS#
- 10164244
- Bedrooms
- 3
- Bathrooms
- 3
- Full-baths
- 2
- Half-baths
- 1
- Living Area
- 2,801
- Lot Size
- 26,136
- Subdivision
- Dogwood Forest
- Year Built
- 1965
- Acres
- 0.60
Property Description
"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!
/u.realgeeks.media/raleighrealestatesearch/HoffmanRealty_Logo_V1_Primary.png){kind=logo}
Additional Information
- Style
- Ranch
- Foundation
- Brick/Mortar
- Interior Features
- Bookcases, Ceiling Fans, Entrance Foyer, Eat-In Kitchen, High Ceilings, Pantry, Primary Downstairs, Soaking Tub, Walk-In Closet(s), Separate Shower
- Accessibility Features
- Accessible Central Living Area
- Exterior Features
- Playground, Rain Gutters
- Elementary School
- Johnston - West Clayton Elementary
- Middle School
- Johnston - Clayton Middle
- High School
- Johnston - Clayton High
- Garage Spaces
- 2
- Water
- Public
- Flooring
- Hardwood, Laminate, Tile
- Roof
- Shingle
- Heating
- Electric, Heat Pump
Mortgage Calculator
Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .