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$995,000

Listing Price

4beds

3baths

1,956sqft

41,818sqft lot

502 Long Shoals Rd, Arden, NC 28704

Member Features

Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

508.69

Price / sqft

1966

Year built

Home Details

Rare investor opportunity centered around potential commercial frontage on Long Shoals Road. This nearly 1-acre property offers excellent visibility along a high-traffic corridor, while the existing income-producing home sits privately toward the rear of the lot with separate driveway access from Memory Lane.nnCurrently zoned R2, the property features a 4-bedroom, 3-bath bungalow with strong rental history, mountain views, private deck, lower-level theatre room, second primary suite with separate entry, 1-car garage, and roof replaced in 2014. The home can continue generating income while a buyer explores the long-term value of the Long Shoals Road frontage.nnCity sewer is believed to be very close by near the corner of Memory Lane and Clayton Road, creating potential upside for a buyer willing to pursue sewer connection, subdivision, or possible commercial rezoning, all subject to applicable approvals. The property also benefits from strong sight lines near the Clayton Road intersection and visually reads like a corner lot because the lot at the intersection in front of it is not buildable.nnHold the rental home, pursue the frontage opportunity, and unlock the future potential of this highly visible Long Shoals Road parcel.nOwner also owns the property next door at 506 Long Shoals, if interested in more frontage potential, please reach out.

Interior Details

Square Feet
  • 1956

Bedrooms
  • 4

Bathrooms
  • 3

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Central

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    Central

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    Partial

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 41818

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    Garage, Basement

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    1

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • Conventional

Exterior
  • Wood

Foundation
  • N/A

Roof
  • Hip

Roofing Material
  • Composition Shingle

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$1,171

$42,100

$143,800

--%

$185,900

2019

$1,171

$42,100

$143,800

--%

$185,900

2018

$1,171

$42,100

$143,800

--%

$185,900

2017

$1,171

$42,100

$143,800

--%

$185,900

2015

$1,002

$38,500

$105,700

--%

$144,200

2014

$1,002

$38,500

$105,700

--%

$144,200

2013

$1,002

$38,500

$105,700

--%

$144,200

2012

$921

$43,800

$109,000

--%

$152,800

percent-home-icon

Average Home Price in 28704

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$412,076

3 Beds

3 Baths

1,744 Sqft

13,504 Lot (sqft)

Sold 09/23/2026

$995,000

4 Beds

3 Baths

1,956 Sqft

41,818 Lot (sqft)

Sold 10/26/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
995,000
$
Down payment
199,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
5,970
$
HOA (Monthly)
0
$
PMI
0
$
$6,441
Your Payment
Total Monthly Payment:$6,441
Percent of Income:110%
Affordable:No

Details for 502 LONG SHOALS RD

Property Debt

Foreclosure Contact Details