Price Reduction - Lease to Own
Address
700 Fernwood Drive, Clayton, NC
Price
$ 390,000
Property Attributes
- MLS#10164244
- TypeSingle Family
- Listing Status Active
- CountyJohnston
- CityClayton
- NeighborhoodDogwood Forest
- Zip27520
- StyleRanch
- Year Built1965
- Price$ 390,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms1
- Sqr Footage2801
- Lot Size0.6 Acres
Data Source:
Triangle MLS (TMLS)
Property Description
"INCREDIBLE EQUITY OPPORTUNITY! Rare chance to build instant sweat equity in a highly desirable Clayton location. This expansive 2,801 sqft all-brick ranch sits on a private 0.6-acre lot and boasts fantastic bones and character. Features include vaulted ceilings with exposed beams, two fireplaces, a newly renovated bathroom with elegant tilework, brand-new rear doors, and a new outdoor pergola. Recently appraised at $480,000, this property is an absolute dream for investors, contractors, or handy buyers looking to customize and create instant value. The property requires TLC, a full clean-out, and cosmetic updates. Sold strictly AS-IS. HUGE BONUS: This property features an FHA ASSUMABLE mortgage! Seller is highly motivated and open to Creative Financing, including Lease-Option / Rent-to-Own terms with an upfront option fee. Due to current condition and utilities being off, this will not qualify for traditional Conventional/FHA/VA loans. Cash, Hard Money, Assumable FHA, or Lease-Option only. Bring your vision and don't miss this rare chance to secure a property with massive upside potential!
| Elementary School | Middle School | High School |
|---|---|---|
| Johnston - West Clayton Elementary Elementary School | Johnston - Clayton Middle Middle School | Johnston - Clayton High High School |
| Price History | |
|---|---|
| 8/19/2026 | Listed $410,000 |
| 9/18/2026 | 5$390,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Electric,Heat Pump |
| Cooling | Central Air |
| Roof | Shingle |
| Appliances | Dishwasher,Electric Cooktop,Propane Water Heater,Wall Oven |
| Zoning | RES |
| Garage Spaces | 2 |
| Patio/Porch Features | Covered,Patio,Porch |
| Architectural Style | Ranch |
| Construction Materials | Brick,Vinyl Siding |
| Year Built | 1965 |
| Stories Count | 1 |
| Levels | One |
| Property Subtype | Single Family Residence |
| Accessibility | Accessible Central Living Area |
| County | Johnston |
| New Construction | false |
| Property Type | Residential |
| HOA | false |
| Attached Garage | true |
| Subdivision Name | Dogwood Forest |
| Garage Y/N | true |
| Other Structures | Pergola |
| Total Rooms | 9 |
| Full Baths | 2 |
| Status | Active |
| Directions | From Raleigh take I 40 - Use the right 2 lanes to take exit 306 to merge onto US-70 BUS E toward Clayton. Turn right ontoFernwoodDr |
| High School | Johnston - Clayton High |
| City | Clayton |
| Senior Community Y/N | false |
| Open Parking Spaces | 2 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 26136 |
| Carport Y/N | false |
| Elementary School | Johnston - West Clayton Elementary |
| Tax Annual Amount | 2435.86 |
| Middle/Junior High School | Johnston - Clayton Middle |
| Structure Type | Site Built |
| Standard Status | Active |
Interior Features
| Interior Amenities | Bookcases,Ceiling Fan(s),Eat-in Kitchen,Entrance Foyer,High Ceilings,Pantry,Primary Downstairs,Separate Shower,Soaking Tub,Walk-In Closet(s) |
|---|---|
| Flooring | Hardwood,Laminate,Tile |
| Total Fireplaces | 2 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Above Grade Finished Area | 2801 |
| Half Baths | 1 |
| Laundry Features | Laundry Room,Main Level |
| Total Bedrooms | 3 |
| Total Baths | 3 |
Exterior Features
| Exterior Amenities | Playground,Rain Gutters |
|---|---|
| Parking Features | Concrete,Driveway,Garage,Garage Faces Side |
| Lot Features | Landscaped |
| Water Source | Public |
| Lot Size Area | 0.6 |
| Foundation Details | Brick/Mortar |
| Building Area Total | 2801 |
| Lot Size Acres | 0.6 |
| Road Surface Type | Asphalt |
| Waterfront Y/N | false |
| Door Features | French Doors |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 27520
Price
Year Built
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