$175,000
355 Ranchwood Dr, Salisbury, NC 28146
2-Bed, 2-Bath Single-Story Home on 1.48-Acre Lot with Oversized Garage
2 Bed · 2 Bath · 1,248 Sq Ft
Affordable single-level living with large yard and oversized detached garage.
2
Beds
2
Baths
1,248
Sq Ft
1988
Built
1.48 acres
Lot
Detached 2-car (approx. 580 SF)
Garage
About 355 Ranchwood Dr
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.
Home Highlights
Property Features
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)
Neighborhood & Location
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.
Market Insights
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.
Nearby Schools
China Grove Elementary School
Elementary · 3-5 mi (approx.)
China Grove Middle School / North Rowan Middle
Middle · 4-8 mi (approx.)
East Rowan High School
High · 8-10 mi (approx.)
Walkability & Recreation
Good access to outdoor recreation and yard-based activities; local parks and trails reachable by short drive.
Investment Highlights
- Large 1.48-acre lot provides privacy and exterior-use flexibility.
- Oversized detached 2-car garage (~580 SF) with new roof (2023).
- Move-in ready interior updates: new flooring in high-traffic areas and new bedroom carpet.
- Single-level layout (1,248 SF) attractive to downsizers or rental market.
- Priced at $175,000 — positioned at affordable segment of local market.
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).
Things to Consider
- Manufactured-home construction can limit financing options (fewer conventional loans) and may reduce resale multiples versus site-built homes.
- Well and septic systems require inspection and ongoing maintenance; replacement can be expensive if problems are found.
- Confirm zoning/permit history for the manufactured unit and the detached garage to avoid post-sale compliance issues.
Opportunity Analysis
Buyers seeking affordable single-level homes with large outdoor space and detached storage will find this property attractive. It is suitable for an owner-occupant seeking low-cost entry to the market, an investor targeting steady rental demand, or a buyer wanting acreage for hobbies. The oversized garage is a notable value-add relative to typical manufactured-home listings.
Potential Use Scenarios
- For owner-occupant buyers: pursue conventional or FHA financing with a thorough inspection of foundation tie-downs, HVAC and mechanical systems; negotiate minor seller repairs where needed.
- For investors: consider a conservative gross rent estimate and prefer cash or portfolio loans; maintain property to attract stable tenants.
- For brokers: market the property emphasizing the acreage and oversized garage to differentiate from typical manufactured-home ads.
Risk Factors
- Potential financing limitations for manufactured homes (lender restrictions).
- Large-lot maintenance costs and septic replacement risk.
- Market perception of manufactured homes may limit pool of buyers compared to site-built product.
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$165K
Midpoint
$175K
High
$185K
$140/SF estimated price per square foot
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.
As of 2026-03-14
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Rowan County has seen modest growth with commuter flows to Charlotte; more affordable pricing attracts first-time buyers and downsizers.
Nearby Points of Interest
- Downtown Salisbury (approx 6 mi)
- Interstate 85 access (approx 8-10 mi)
Property sits in an East Rowan semi-rural residential area with quick access to Salisbury retail services, community parks and regional highway access to Charlotte to the south.
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
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