$450,000
5 Bed · 5.5 Bath · 3,580 Sq Ft
Dual residences, large workshop, income-ready rural acreage near US-74
5
Beds
5.5
Baths
3,580
Sq Ft
1995
Built
3.72 acres
Lot
Double-garage workshop
Garage
What sets 166 Fleece Ln apart is its combination of flexible living space and functional outbuildings: two residences on a level, unrestricted 3.72-acre parcel, plus a large double-garage workshop ready for projects or business use. The main residence (built 1995) delivers single-level living across 2,677 square feet with 3 bedrooms and 3.5 baths—hard stucco construction, an asphalt roof, central air and supplemental ductless systems/heat pump, and a layout that keeps daily living convenient and accessible.
A fully renovated 2-bedroom, 2-bath mobile residence (903 sq ft) sits on the property as a private rental or guest suite, offering immediate income potential or a comfortable space for multi-generational living. The two homes together total 3,580 square feet under roof, giving buyers multiple options: live in the main house and lease the second unit, host extended family, or convert part of the acreage for agricultural or recreational use under the property’s unrestricted zoning.
The grounds are level and easy to maintain, reached by a private road (Fleece Lane) and offering ample driveway parking—estimated capacity for six vehicles—alongside the oversized workshop/garage. Utilities are practical and rural-appropriate: county water, septic, propane heating, and Duke Energy electric service. With proximity to US Highway 74 (about 1.5 miles), the property balances country privacy with straightforward access for commuting or deliveries.
From an investment standpoint, the list price of $450,000 (~$126/sqft) reflects both living area and functional acreage; assessed value sits at $270,500 with annual taxes of $1,941. Comparable sales in the broader market range widely, but this parcel’s unrestricted zoning, dual residences, and substantial workshop create value that appeals to small-business owners, investors, and buyers seeking multi-generational arrangements. Showings by appointment—this is the sort of property where the land and the outbuildings deliver as much opportunity as the homes themselves.
Mooresboro offers a rural lifestyle within reach of regional highways and the Forest City area. The community is characterized by open acreage, small farms, and quiet residential streets—appealing to buyers seeking space and privacy. Essential services and town centers are a short drive away, while highly rated Cliffside Elementary serves local families. The area suits owners who want country living with convenient access to US-74 for commuting to neighboring towns and employment centers.
This corner of Rutherford County currently favors buyers: inventory is elevated and average days on market sit near 88 days, giving motivated purchasers negotiating leverage. The area’s median sale price is around $240,000, but properties with acreage, additional dwellings, or commercial-flexible zoning command premiums for their utility. Single-family ranch-style homes and properties with auxiliary units perform well for owner-occupiers seeking space and for investors targeting short- or long-term rentals. For 166 Fleece Ln, the listed $450,000 price reflects combined living area, a renovated secondary residence, and a substantial workshop—features that allow multiple monetization strategies. Given the buyer’s market dynamics, now is a strategic time for someone looking to acquire acreage with built-in income potential: competitive offers, financing packages for multi-unit holdings, or owner-occupant leverage may all produce favorable terms. Verify permits and inspect the workshop and second residence carefully; those due diligences are the keys to unlocking full upside in this rural, flexible asset.
Cliffside Elementary School
Elementary · 4.6 mi
Chase Middle School
Middle · 7.1 mi
Chase High School
High · 5.9 mi
Moderate outdoor access: property-scale acreage for immediate recreation, with regional hiking, biking, and golf options a short drive away and community parks accessible in nearby towns.
Versatile property with dual residences and a workshop on unrestricted land, offering income potential and flexible use in a rural setting.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$440K
Midpoint
$450K
High
$460K
$126/SF estimated price per square foot
Sales comparison approach using recent listings and sales in the area. Adjusted for property size, condition, and unique features.
As of 2026-03-07
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Rural area with stable population and income levels.
Rural setting with nearby schools and access to major highways.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$126/SF
Listed for sale
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