Leicester Turnkey Home With Heated Bonus Space

This Leicester 3/2 has 1,630 sq. ft. of main living area plus a 770 sq. ft. heated bonus room, 2-car garage, and 1.79 acres in Flood Zone X. Property is pretty clean, with wood cabinetry, stone/granite surfaces in some areas, hardwood/tile flooring, updated bath finishes, fireplace, laundry area, garage/workshop storage, and wooded outdoor space. This is not a heavy rehab; the play is buying below retail on an assignment and cleaning up light cosmetics/presentation.

Repairs Needed Estimated

• Light cosmetic touchups
• Interior paint/touchups where needed
• Declutter/staging cleanup
• Exterior/yard cleanup
• Garage/workshop organization
• Kitchen and bath updates
• Some landscaping

Comparable Sales

1. 45 Bakers Acres Ln, Leicester, NC 28748 | 0.58 acres | Closed Dec 1, 2025 | $377,000 | 0.22 mi
   Closest clean qualified sale. Smaller lot and likely less overall utility than the subject, so this is lower support.
2. 44 Millard Cove Rd, Leicester, NC 28748 | 2/1 | 882 finished SF per county sections | 1.65 acres | Built 1946 | Closed Apr 16, 2026 | $350,000 | 0.47 mi
   Very close acreage comp, but much smaller and only 1 bath. This supports the floor, not the subject’s ceiling.
3. 19 Bakers Acres Ln, Leicester, NC 28748 | 3/2.5 | 1,530 finished SF per county sections | 3.33 acres | Built 1992 | Closed Jan 23, 2026 | $435,000 | 0.17 mi
   Very close and useful, but sale is not marked as a clean qualified sale. Larger acreage, but subject has stronger finished bonus-space utility.
4. 38 Bakers Acres Ln, Leicester, NC 28748 | 2/2.5 | 2,016 finished SF per county sections | 0.82 acres | Built 2010 | Closed Feb 23, 2021 | $485,000 | 0.22 mi
   Older sale, so it cannot drive value by itself. Still important because it shows this immediate pocket can support upper-$400Ks when the home is stronger.
5. 689 S Turkey Creek Rd / 1106 Stanridge Dr, Leicester, NC 28748 | 3/2 | 1,792 finished SF per county sections | 2.34 acres | Built 2022 | Closed Mar 20, 2023 | $579,000 | 0.77 mi
   Strong upper support inside 1 mile, but much newer construction. Useful ceiling context, not a direct match.
6. 20 Sharpes Cove Rd, Leicester, NC 28748 | 3/2 | 1,630 SF + 770 heated bonus room | 1.79 acres | Closed Jun 14, 2022 | $375,000 | Subject prior sale
   The subject’s own 2022 sale supports the current ask, especially with the current county value now at $523,100.

ARV & Rental Analysis

Estimated retail value: $485,000 to $515,000 +/-
Estimated rent: $2,500 to $2,900/month +/-