Homes/North Carolina/Salisbury/355 Ranchwood Dr
CompCasa Property Analysis · single_family

355 Ranchwood Dr

2-Bed, 2-Bath Single-Story Home on 1.48-Acre Lot with Oversized Garage

Affordable single-level living with large yard and oversized detached garage.

2 beds2 baths1,248 sq ftBuilt 19881.48 acresDetached oversized 2-car garage (~580 SF); covered storage behind garage
CompCasa valuation analysis
Estimated market value
$175,000
Low $165,000 · Midpoint $175,000 · High $185,000
Confidence70%Sales comparison approach
Last recorded sale$175,000Mar 11, 2026
CompCasa estimate$175,000Mar 14, 2026
Estimate vs. last recorded sale+$0 / +0.0%
$165,000$175,000 midpoint$185,000
Price / sq ft$140
Median sale price$230,000
Avg days on market45 days
Inventory2.5 months

Estimate anchored to list price ($175k) and AVM (~$175.6k). Range reflects manufactured-home status, large lot premium, and typical resale market for East Rowan County. No live comparable search performed.

About the property

2-Bed, 2-Bath Single-Story Home on 1.48-Acre Lot with Oversized Garage

This tidy single-level home offers a practical blend of comfortable living space and outdoor freedom. Sitting on a generous 1.48-acre parcel in East Rowan, the 1,248 SF manufactured home includes two bedrooms and two full bathrooms, a covered front porch, and a rare oversized detached two-car garage with covered storage behind — the garage roof was replaced in 2023. Recent interior updates include new flooring in the kitchen, dining, and utility areas plus new carpet in both bedrooms, so the home feels fresh and move-in ready.

The floorplan is efficient: living spaces flow easily for daily routines, and mechanical systems are electric forced-air heat with central air. The property is on a private well and septic system, giving independence from municipal utilities and added flexibility for outdoor projects or hobbies on the expansive lot. The detached garage (approx. 580 SF) is a standout feature — perfect for a large workshop, parking, storage or vehicle projects without sacrificing yard space.

Outdoor possibilities are abundant: plant a garden, build a play area, keep animals, or simply enjoy privacy and space to spread out. The neighborhood is quietly residential with easy driving access to Salisbury’s services, groceries and schools. This property is a smart choice for buyers who need a single-level, affordable home with extra land and a substantial outbuilding — a combination that’s hard to find at this price point.

Priced at $175,000 and listed with recent updates and a new garage roof, the home represents an appealing value in East Rowan. Schedule a showing to evaluate condition and to walk the lot; inspections for well, septic and the structure are recommended for all buyers.

Property details

A 1988 mobile/manufactured on 1.48 acres.

Building

Year built1988
ConstructionManufactured/Mobile Home (Wood Frame Components)
HeatingElectric forced air
CoolingCentral electric

Site & utilities

Lot size1.48 acres
GarageDetached oversized 2-car garage (~580 SF); covered storage behind garage
Stories1
ConditionGood
BasementNone
FireplaceNo
Improvement notesDescribed as well-maintained; new flooring in kitchen/dining/utility and new carpet in bedrooms; garage roof replaced 2023.
Lot area64,468 sq ft
TopographyLevel
ParkingDetached Garage And Driveway
Parking spaces6
Parking notesDetached oversized two-car garage (~580 SF) plus long driveway parking; ample yard parking for trailers/boats.
AccessTypical residential access via Ranchwood Drive; likely gravel/driveway to detached garage.
WaterWell
SewerSeptic Installed
ElectricConnected (Electric Service)
Location & nearby

East Rowan / Ranchwood area

Researched nearby locations

Downtown Salisbury (approx 6 mi)
Interstate 85 access (approx 8-10 mi)

Location

355 Ranchwood Dr, Salisbury, NC 28146

View in Google Maps
Editorial neighborhood context

Ranchwood and the broader East Rowan area is a semi-rural, residential pocket characterized by larger lots, a mix of manufactured and site-built homes, and an unhurried pace. Properties here provide privacy and outdoor space while keeping a manageable drive to Salisbury’s downtown services and regional highways. The neighborhood is popular with buyers seeking acreage without remote farmland distances.

Nearby access summary

Good access to outdoor recreation and yard-based activities; local parks and trails reachable by short drive.

ElementaryChina Grove Elementary School (approx. 3-5 mi) — rating estimate 5/10 (Rowan-Salisbury SD)
Middle schoolChina Grove Middle / North Rowan Middle (approx. 4-8 mi) — rating estimate 5/10
High schoolEast Rowan High School (approx. 8-10 mi) — rating estimate 4-6/10
School districtRowan-Salisbury School District
Market context

A factual market snapshot around 355 Ranchwood Dr.

Median sale price$230,000
Avg days on market45 days
Inventory2.5 months
1-year appreciation300.0%
5-year appreciation1200.0%
Editorial market perspective

Rowan County remains one of the more affordable markets within commuting distance of Charlotte. Median sale prices in the county are lower than neighboring Mecklenburg and Iredell counties, attracting first-time buyers, downsizers and investors. Inventory overall is moderate but the <$250k segment remains competitive. Days-on-market for similar affordable single-family listings typically range from a few weeks to a couple months depending on condition and financing options. Manufactured homes trade at a discount to site-built homes but the large lot and oversized garage here add durable value and broaden buyer appeal. Given current trends (moderate appreciation and limited entry-level inventory), a well-maintained, turn-key property priced at $175,000 can generate meaningful interest — especially from buyers seeking land or a workshop component.

Zoning & land use

Likely residential (single-family / manufactured home permitted) — verify with county zoning map

Zoning

DescriptionLikely residential (single-family / manufactured home permitted) — verify with county zoning map
JurisdictionRowan County
Current useResidential
SetbacksSetbacks vary by county and manufactured-home placement ordinances; confirm with Rowan County Planning.

Research-indicated uses

  • Single Family Residence
  • Accessory Structures (Garage, Sheds) Likely Permitted
  • Agricultural/Hobby Farm Uses On 1.48 Acres May Be Allowed — Check County Rules
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.

Sale history

2026-03-07$175,000
2026-03-11$175,000
Research findings & due diligence

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

Key findings

  • 2 beds, 2 baths, 1,248 SF manufactured home built 1988 on 1.48 acres.
  • Listed price: $175,000. AVM ~ $175,578 supports list price.
  • Well and septic utilities; central electric HVAC (forced air).
  • Detached oversized garage (2-car, ~580 SF); garage roof replaced in 2023.
  • Property is Active Under Contract as of 2026-03-11 (contingent).
Highlights & features

What stands out about this property.

01Large 1.48-acre lot — uncommon at this price point
02Oversized detached 2-car garage with 2023 roof
03Move-in ready interior updates
04Single-level living — easy access and low maintenance

Interior Features

  • 2 bedrooms, 2 full bathrooms
  • 1,248 SF single-level floor plan
  • New flooring in kitchen, dining and utility
  • New carpet in both bedrooms
  • Utility/laundry room
  • Storm doors and storm windows

Exterior & Lot

  • 1.48 acre lot (approx. 64,468 SF)
  • Covered front porch
  • Oversized detached 2-car garage (~580 SF)
  • Garage roof replaced 2023
  • Open, level lot with space for garden, pets, or outbuildings

Location & Neighborhood

  • East Rowan / Ranchwood area — semi-rural residential character
  • Approx. 6 miles to downtown Salisbury for shopping and services
  • Reasonable commuting access to US-52 and I-85 corridors

Walkability & Recreation

  • Walkability Rating: 25/100
  • Nearby parks and green spaces within driving distance
  • Strong access to outdoor activities (gardening, small-scale hobby farming)
Research transparency

Sources & research confidence.

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

View sources & confidence
1
Redfin (scraped)View source
2
CanopyMLS / MLS Grid
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.