Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
3 Beds
2 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

Overview

Active

Listed Apr 29, 2026

Updated 2 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
Available since
April 29, 2026

Interior Features

Bedrooms
3
Bathrooms
2
Fireplace
Yes
Basement
No

Exterior Features

Lot Size
0.6 Acres

Other Property Details

Taxes
$2,436
Tax Frequency
Annually
Garage
Yes

 

Courtesy of Isis Romero

Based on information from DASH - Coldwell Banker (CB) as of 10/10/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

©2026 DASH - Coldwell Banker (CB). All rights reserved. 

Data last updated 9:03 AM UTC, 10/10/2026

Powered by Luxury Presence