Tryon · Tryon, NC
161 Melrose Avenue #3
Tryon, NC · 409 sqft
$149,000
Reduced from $153,000
- 1Beds
- 1Baths
- 409SqFt
- 1910Year
- 56Days on market
About this home
Check out this turn-key investment opportunity in the heart of Tryon, NC! The space is fully, tastefully furnished and totally cute. It is stocked and ready to go for your future tenant or your weekend getaway. The property has an excellent rental history (3 month minimum lease required by HOA) and would be a smart investment. Located at the back of the building, this unit is private and quiet. The view is of the well-maintained patio, yard, and the lush woods that are part of the L’Auberge property. It is peaceful and easy to live here. The monthly HOA fee covers electric, water, sewer, trash pick-up, and the yard/building maintenance. Units don’t come up for sale at L’Auberge very often! Residents and renters love this unique and historic building. Its convenience to downtown Tryon and all the many offerings of the eclectic community draw people in and they just end up staying! Come and see what makes this condo and this town so special.
PLEASE NOTE: while drive-bys are welcome, please do not park in the gravel parking area in front of the building.
Property details
- Beds
- 1
- Baths
- 1
- SqFt
- 409
- Lot
- —
- Year built
- 1910
- Type
- Condo
- Days on market
- 56
- Style
- Mediterranean
- Heating
- Baseboard
- Cooling
- Window Unit(s)
- Foundation
- Crawl Space
- Flooring
- Laminate, Tile
- HOA dues
- $196 / mo
Features
- Lawn Maintenance
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance, HOA
$1,274/ month
- Principal & interest
- $922
- Property tax (~0.90%)
- $111
- Homeowners insurance
- $43
- HOA dues
- $196
Down payment
$7,450 down · $141,550 financed
Income to qualify (28% rule)
~$54,600 / 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.