ADDRESS: 220 E Church St, Edenton, NC 27932
Property Type: Single-Family Home
Bedrooms / Bathrooms: 4 bd / 1 ba
Square Feet: 1,482 sq ft
Condition: Full Rehab Needed – all systems and interiors require rehab
Asking Price: $120K
Earnest Money Deposit (EMD): $5,000
Due Diligence: No DD
Access: On Lockbox – Available for Showings
Area Summary
- Located in Historic Downtown Edenton, one of North Carolina’s most charming waterfront towns on the Albemarle Sound.
- Surrounded by beautifully restored historic homes and thriving local businesses.
- Walkable to shops, restaurants, the courthouse green, and the waterfront park.
- Strong tourism appeal and appreciation potential as the historic district continues to revitalize.
Highlights
- Spacious 4-bedroom layout offers flexibility for resale or rental conversion.
- Prime historic street with multiple $300K–$500K homes nearby.
- Significant value-add potential — perfect for experienced investors or contractors.
- Historic charm + great location = high resale or Airbnb potential.
Comparable Sales
- 219 E Church St, Edenton, NC 27932 — Sold for $338,000
- 3 bd / 3 ba, 1,448 sq ft
- Approx. $233 per sq ft
- Directly adjacent to subject; beautifully restored, strong anchor comp.
- 302 W Church St, Edenton, NC 27932 — Sold for $512,500
- 3 bd / 3 ba, 1,651 sq ft
- Approx. $310 per sq ft
- Fully renovated, high-end finish; showcases top-end potential for Church St.
- 128 E Gale St, Edenton, NC 27932 — Sold for $405,000
- 3 bd / 2 ba, 1,341 sq ft
- Approx. $302 per sq ft
- Renovated historic home nearby; supports strong resale value post-rehab.
Average ARV Range: $275–$300 per sq ft
Projected ARV (1,482 sq ft): ≈ $400,000 – $445,000+ after full renovation
Investment Strategy Options
1. Full Rehab / Flip
- Entry: $120K + full renovation ($100K–$120K est.)
- Potential resale: $400K–$445K+
- Ideal margin for experienced rehab investors.
2. Long-Term Hold / Short-Term Rental (STR)
- Historic district and waterfront proximity attract premium nightly rates.
- After rehab, expect strong rental and Airbnb demand year-round.