Homes/North Carolina/Troy/1120 N Main St
CompCasa Property Analysis · single_family

1120 N Main St

Classic 1926 Bungalow on a Spacious 0.44‑Acre Lot in Troy

Charming hardwood floors, fireplace, and big-yard potential near downtown

2 beds1 baths968 sq ftBuilt 19260.44 acresnone
CompCasa valuation analysis
Estimated market value
$155,900
Low $140,000 · Midpoint $155,900 · High $171,000
Confidence75%Sales comparison approach
Last recorded sale$115,000Jun 1, 2022
Assessed value$65,2822024 assessment
CompCasa estimate$155,900Mar 6, 2026
Estimate vs. last recorded sale+$40,900 / +35.6%
$140,000$155,900 midpoint$171,000
Price / sq ft$161
Median sale price$160,000
Avg days on market98 days
Inventory3.5 months

Sales comparison approach using recent sales of similar properties in Troy, NC. Adjusted for size, condition, and lot size.

About the property

Classic 1926 Bungalow on a Spacious 0.44‑Acre Lot in Troy

This bungalow announces itself with old‑town character and an unusually generous yard for a Main Street address. Set on a level 0.44‑acre parcel with frontage on N Main St, 1120 N Main St offers 968 square feet of single‑story living where original hardwood floors and a working fireplace remain focal points. The footprint is compact and comfortable — two bedrooms and one full bath — but the property’s true value is the outdoor space and location close to downtown Troy.

Inside, the home shows vintage details that will appeal to buyers who appreciate period character: hardwood floors underfoot, classic proportions in the living area, and a fireplace that anchors gatherings. The roof is asphalt shingle; cooling is currently provided by a wall unit and the property does not list a central heating system, so buyers should plan for mechanical updates. Practical systems aside, the layout lends itself to thoughtful cosmetic refreshes or a modest renovation that preserves the home’s historic feel while adding contemporary comforts.

The lot invites many possibilities — substantial yard room for gardening, a workshop, future garage, or kids’ play area — rare for an in‑town parcel. Driveway parking accommodates two vehicles. Utilities are municipal water and sewer, and the property is served by Piedmont Natural Gas and Duke Energy. Zoned R‑1 for single‑family residential use, this home is ideal for first‑time buyers, downsizers seeking one‑level living, or investors looking for a value‑add rental close to schools and community amenities.

Location is a standout: just 0.5 miles from the Montgomery County Courthouse, 0.6 miles to Troy Elementary, and roughly 1.2 miles to Montgomery Community College. Downtown Troy’s small‑town rhythms — local shops, civic buildings, and community events — are all within a short walk or drive. The home last sold in June 2022 for $115,000 and sits in a market where median area sales are around $160,000; with the right updates, this property offers upside in a stable, slowly appreciating local market.

Buyers should verify systems, roof and foundation condition, and exact lot boundaries during inspection (see audit notes). With period charm, a sizable lot, and a central location, 1120 N Main St is a rare opportunity to secure an affordable bungalow in the seat of Montgomery County.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$125,300
Property address1121 N Main St, Troy, NC 27371
2 bed1 bath840 sq ftBuilt 19490.1 mi29,185 sq ft lot$149/SF
Sold Jul 1, 2025
Subject difference
  • 128 SF smaller
  • 10,019 SF larger lot
  • 23 years newer
Research comparison noteSimilar size and age; larger lot
02Sold price$53,500
Property address1048 N Main St, Troy, NC 27371
3 bed1 bath1,120 sq ftBuilt 19300.2 mi23,522 sq ft lot$48/SF
Sold Nov 1, 2024
Subject difference
  • 152 SF larger
  • 1 additional bedroom
  • 4,356 SF larger lot
  • 4 years newer
Research comparison noteLarger home; lower price per SF
03Sold price$114,900
Property address709 S Main St, Troy, NC 27371
3 bed1 bath1,168 sq ftBuilt 19500.5 mi6,970 sq ft lot$98/SF
Sold Jul 2, 2025
Subject difference
  • 200 SF larger
  • 1 additional bedroom
  • 12,196 SF smaller lot
  • 24 years newer
Research comparison noteLarger home; smaller lot
Comp methodology: Comparable sales and rentals selected based on proximity, size, and age to provide accurate market context.
Property details

A 1926 bungalow on 0.44 acres.

Building

Year built1926
ConstructionWood Frame
RoofAsphalt Shingle
Heatingnone
Coolingwall unit

Site & utilities

Lot size0.44 acres
Garagenone
Stories1
ConditionAverage
BasementNone
FireplaceYes
Improvement notes2 bedrooms, 1 bathroom, hardwood floors, fireplace
Lot area19,166 sq ft
TopographyLevel
FrontageFrontage on N Main St
ParkingDriveway
Parking spaces2
Parking notesDriveway parking available
AccessStandard residential driveway from N Main St
WaterMunicipal
SewerMunicipal
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

Troy, NC

Researched nearby locations

Montgomery County Courthouse (0.5 mi)
Troy Elementary School (0.6 mi)
Montgomery Community College (1.2 mi)

Location

1120 N Main St, Troy, NC 27371

View in Google Maps
Editorial neighborhood context

Troy is the county seat of Montgomery County and offers a small‑town lifestyle with convenient civic amenities. Residents enjoy proximity to the courthouse, local schools, community college, and a compact downtown with shops and services. The area attracts buyers seeking an affordable, walkable in‑town experience with the calm of a residential main street and easy access to nearby county parks and regional roadways. Schools are served by Montgomery County Schools, and the community hosts seasonal events and local gatherings that reinforce its close‑knit character.

Nearby access summary

Moderate access to outdoor recreation — downtown green spaces and community college facilities are close by, with additional regional parks and trails a short drive away.

ElementaryTroy Elementary
Middle schoolWest Middle
High schoolMontgomery Early College
School districtMontgomery County Schools
Market context

A factual market snapshot around 1120 N Main St.

Median sale price$160,000
Avg days on market98 days
Inventory3.5 months
1-year appreciation5.0%
5-year appreciation15.0%
Editorial market perspective

Local market data points to a buyer‑leaning environment with pockets of steady demand. Montgomery County and Troy specifically show a median sale price near $160,000 and modest appreciation — roughly 5% over the past year and about 15% over five years. Inventory sits at approximately 3.5 months with an average days‑on‑market near 98, indicating homes in this price band often take longer to move than in faster metro markets. Comparable recent sales in the immediate area range widely: nearby smaller homes closed from about $53,500 to $125,300 in the last 12–18 months, reflecting condition and lot differences; price per square foot among comps varies from roughly $48 to $149.

Single‑family bungalows and small homes in Troy perform as affordable entry points for owner‑occupants and buy‑and‑hold investors. Rental comparables and rental estimates suggest a reasonable gross yield (estimated monthly rent around $1,114 and rent per sf roughly $1.15 in comparable units), supporting investment interest. Given the inventory level and longer DOM, buyers have negotiating leverage, while buyers willing to invest in mechanical upgrades and targeted renovations can capture appreciable value. Sellers should price realistically and be prepared to address condition items; buyers should capitalize on a market where quality, affordable homes near downtown are available but demand is steady enough to support long‑term appreciation.

Zoning & land use

Single-Family Residential

Zoning

Zoning codeR-1
DescriptionSingle-Family Residential
JurisdictionTown of Troy
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 25', side 10', rear 20'

Research-indicated uses

  • Single Family
  • Home Occupation
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$65,282
Assessed improvements$0
Total assessed$65,282
Assessment year2024
Annual property tax$401
Tax year2024

Sale history

2022-06-01$115,000 · $119/SF
2011-04-06$25,000 · $26/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$1,009/mo
Property address1130 N Main St, Troy, NC 27371
3 bed1 bath1,500 sq ft$0.67/SF
Leased Jun 1, 2025
Subject difference
  • 532 SF larger
  • 1 additional bedroom
Research comparison noteLarger home; similar location
02Monthly rent$1,114/mo
Property address1110 N Main St, Troy, NC 27371
2 bed2 bath1,400 sq ft$0.8/SF
Leased May 15, 2025
Subject difference
  • 432 SF larger
  • 1 additional bathroom
Research comparison noteSimilar size; additional bathroom
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • Last sold in June 2022 for $115,000 ($119/SF)
  • Built in 1926 with 968 SF of living space
  • Located 0.5 miles from Montgomery County Courthouse
  • Median sale price in area: $160,000; average days on market: 98

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify age and condition of heating and cooling systems
  • Assess condition of roof and foundation
  • Review any recent renovations or updates
Highlights & features

What stands out about this property.

Interior Features

  • Hardwood floors throughout main living areas
  • Working fireplace in living room
  • Single‑story layout — 968 sq ft
  • 2 bedrooms, 1 full bathroom
  • Wall unit cooling (no central heating listed)

Exterior & Lot

  • 0.44‑acre level lot with Main Street frontage
  • Driveway parking for approximately 2 vehicles
  • Asphalt shingle roof
  • Generous yard space with room for additions or outbuildings
  • Zoning: R‑1 (Single‑Family Residential)

Location & Neighborhood

  • 0.5 miles to Montgomery County Courthouse
  • 0.6 miles to Troy Elementary School
  • ~1.2 miles to Montgomery Community College
  • Short distance to downtown Troy shops and civic services
  • Served by Montgomery County Schools

Walkability & Recreation

  • Walkability Rating: 50/100 — Some walkable amenities
  • Close to downtown amenities and civic destinations
  • Community college (recreational classes/facilities) within 1.2 miles
  • Short drives to regional parks and outdoor recreation
  • Neighborhood sidewalks and level streets for walking
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Zillow property details and tax historyView source
2
Realtor.com recently sold properties in 27371View source
3
Town of Troy zoning mapView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.