$85,000
125 E Andrews St, Norwood, NC 28128
Large-In-Town 4BR Fixer on .61-Acre Lot — $85K
4 Bed · 2.5 Bath · 2,414 Sq Ft
Historic 1920 home with big yard and upside for renovators
4
Beds
2.5
Baths
2,414
Sq Ft
1920
Built
0.61 acres
Lot
Driveway only — no attached garage
Garage
About 125 E Andrews St
Offered at $85,000, 125 E Andrews is a substantial single-story home that offers a rare combination in Norwood: four bedrooms, two and a half baths, and a private .61-acre lot inside town limits. The home totals approximately 2,414 square feet and sits within easy walking distance of downtown services and community nodes. Mechanicals reported: central HVAC and natural gas heat. Kitchen equipment includes an electric cooktop and oven, microwave and dishwasher; there is a dedicated laundry room for practical convenience.
This property is being marketed as a renovation opportunity. The seller and listing agent note the house needs repairs; bring contractors and inspectors. The floor plan and generous room sizes make it suitable for a straightforward cosmetic program or a deeper restoration that highlights the home's original era and character. The large lot opens possibilities: garden beds, expanded outdoor living, or an accessory structure (subject to local permitting). For investors, the price creates stretch room for capital improvements and potential upside on resale or conversion to a long-term rental.
Practical points: there is driveway parking but no garage, city water and public sewer are connected, and the home was last sold publicly in 2019 in the high $80k range. The listing agent cannot represent buyer clients; please use your own representation. Showings are available through buyer agents; seller and agent availability is Monday–Friday, 8:30am–5:30pm. Caution advised when touring — property requires repairs.
If you’re seeking a roomy in-town lot with strong potential, or an investor looking for an affordable entry into Stanly County with immediate value-add possibilities, schedule a showing and bring your renovation plan.
Home Highlights
Property Features
Interior Features
- Approximately 2,414 finished square feet
- 4 bedrooms, 2.5 bathrooms
- Central Air and Natural Gas heating
- Appliances: dishwasher, electric cooktop and oven, microwave
- Laundry room on-site
- Spacious rooms suited for flexible floorplans
Exterior & Lot
- Large 0.61-acre lot (26,571 sqft)
- Driveway parking; potential to add garage/covered parking
- Town location with walkable access to downtown Norwood
- Mature trees and room for garden/landscaping or outbuildings (verify permits)
Location & Neighborhood
- In-town Norwood location — short walk to Main Street amenities
- Part of Stanly County and the greater Charlotte MSA commuter area
- Small-town character with community services nearby
- Easy driving access to regional retail and employment centers
Walkability & Recreation
- Walkability Rating: 55/100
- Local parks and downtown amenities within walking distance
- Short drives to regional outdoor recreation and lakes in Stanly County
Neighborhood & Location
Norwood is a small, close-knit town with a traditional Main Street and local civic institutions. Residents enjoy a quieter pace than larger Charlotte suburbs but with reasonable commuting distance to regional employment centers. The neighborhood around E Andrews St mixes historic single-family homes and small-scale local businesses, offering an in-town lifestyle with access to Stanly County services and community events.
Market Insights
Norwood sits within the Charlotte metro commuter belt but operates as a distinct small town market. Inventory for entry-level single-family homes and fixers tends to be steady; demand comes from local buyers, investors, and commuters seeking lower-priced alternatives to Charlotte suburbs. Median home prices in Stanly County are well below Charlotte metro averages, and appreciation has been modest (~2–3% year-over-year in recent periods). For this property specifically, the low list price positions it strongly for investor attention — renovated product in town typically captures a premium versus distressed listings. Expect slightly longer marketing cycles for as-is projects compared with turnkey homes, but the wide pricing gap between 'as-is' and renovated comps creates room for attractive returns if rehab budgets are controlled.
Nearby Schools
Norwood Elementary School
Elementary · 0.5 mi
East Stanly Middle School
Middle · 7 mi
East Stanly High School
High · 7 mi
Walkability & Recreation
Short walks to downtown amenities and community spaces; driving distance to regional lakes and parks for outdoor recreation.
Investment Highlights
- Large 0.61-acre lot in-town — rare for this price point.
- Generous living area: ~2,414 sqft with four bedrooms offers flexible floorplan.
- Low list price ($85k) relative to replacement cost for a renovated home in the region.
- Central heating and air present — lowers immediate mechanical replacement risk compared with some comparable properties.
- Close to Norwood downtown amenities and within Charlotte commuting range for buyers seeking lower-cost entry.
Key Findings
- Property listed at $85,000 (as of 2026-03-09).
- 4 beds, 2.5 baths, 2,414 sqft on 0.61 acres (26,571 sqft).
- Built in 1920; likely includes original-period features and deferred maintenance.
- Utilities: city water and public sewer; natural gas heating and central AC reported.
- Recent AVM: $94,322 (directional). Prior sale in 2019 near $89k.
Things to Consider
- Property 'needs repairs' — inspection recommended; unknown structural, roof, or systems issues may increase costs.
- Historic build date may require specialized materials/labor for sympathetic renovations.
- Limited comparable active sales for direct one-to-one comps in this micro-market without a live comp search.
- No garage — buyers seeking covered parking will have to add structure (permits required).
Opportunity Analysis
Acquire a deeply discounted historic single-family home on a large in-town lot, invest in targeted renovations to create a market-ready asset for resale or long-term rental. Given the low acquisition price, reasonable rehab budgets can drive attractive IRR for an investor or provide affordable entry for an owner-occupant who will invest sweat equity.
Potential Use Scenarios
- Purchase-as-is for renovation and resale (BRRRR-style rehab + rent or flip).
- Cosmetic/targeted systems rehab (roof, HVAC, kitchen/baths) to minimize capex and maximize near-term saleability.
- Convert interior to modernized finishes while preserving character elements to capture buyer premium.
- Consider subdividing or adding accessory dwelling unit only after confirming zoning and setbacks with Norwood/Stanly County planning.
Risk Factors
- Hidden structural or environmental issues (lead paint, asbestos, termite) in an older home.
- Local resale market depth for renovated product in Norwood is limited compared with Charlotte suburbs.
- Permit or code constraints for additions/ADUs in historic neighborhoods.
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$75K
Midpoint
$88K
High
$100K
$35.22/SF estimated price per square foot
Estimate anchored to current list price ($85k), prior 2019 sale (~$89k), and an AVM of $94,322. Range accounts for condition (needs repairs), historic build date (1920), and local small-town market dynamics. No live comparable sales pulled — use for directional guidance only.
As of 2026-03-13
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Small town with modest population growth; many households commute to nearby towns or Charlotte metro for employment.
Nearby Points of Interest
- Norwood downtown / Main Street (0.1 mi)
- Stanly County services (regional, within 10-15 mi)
Property sits within walkable distance to Norwood's small downtown (shops, churches, civic services). Driving access to larger retail and employment hubs in Albemarle and the greater Charlotte MSA.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
Sale History
Current listing
Most recent public sale
Under contract previously (2019)
Prior listing in 2019
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