Shelby · Shelby, NC
1506 S Morgan Street
Shelby, NC · 1,125 sqft
$250,000
- 2Beds
- 1Baths
- 1,125SqFt
- 1952Year
- 2Days on market
About this home
This precious cottage is neat as a pin! So much potential on a large corner lot with possible additional building site across the street from the proposed rail trail!!! 2 bedrooms, 1 bathroom, living room, office, bathroom, eat-in kitchen, and large laundry/mudroom with work sink. Peaceful screened porch at the side entrance, and covered Trex deck off the back. Separate outbuilding with shelving and a work bench provides extra storage. Back yard behind the house is fenced. Extra large corner lot that could possibly be divided and carved off for an additional homesite! The old building on the corner is sold "As Is". New roof in 2025! A 2nd bathroom was converted into a closet, but the plumbing pipes could be accessed to return it to a bathroom if desired! Hot water heater is two years old. Nelon Cole termite bond and updated crawlspace. Propane tank is owned and will convey. Buyer to verify any info deemed important regarding specific plans for subdivision. Call TODAY!
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 1,125
- Lot
- —
- Year built
- 1952
- Type
- Single Family
- Days on market
- 2
- Style
- Cottage, Traditional
- Heating
- Heat Pump, Propane, Wall Furnace
- Cooling
- Central Air, Heat Pump
- Foundation
- Crawl Space
- Flooring
- Bamboo, Carpet, Tile, Vinyl, Wood, Other - See Remarks
Features
- Walk-In Closet(s)
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,808/ month
- Principal & interest
- $1,548
- Property tax (~0.90%)
- $187
- Homeowners insurance
- $72
- HOA dues
- —
Down payment
$12,500 down · $237,500 financed
Income to qualify (28% rule)
~$77,517 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.