507 Rector Ave SE

Valdese, NC 28690

$242,000
Last Sold Price
4
Beds
3,073 Sq. Ft.
$79 / Sq. Ft.
3,073
Sq. Ft.
$79
per Sq. Ft.

Description

Investor's Opportunity! Don’t miss out on this rare chance to invest in a property with incredible potential! Situated on a large lot, totaling 1.26-acres, this home is primed for a full renovation to maximize its value. With an after-repair value (ARV) of over $450,000+, this property offers the potential for excellent returns once completed. Boasting over 3,000 sq. ft., the home includes 4 spacious bedrooms, 3 large bathrooms, and convenient washer/dryer hookups on both the main and upper levels....Investor's Opportunity! Don’t miss out on this rare chance to invest in a property with incredible potential! Situated on a large lot, totaling 1.26-acres, this home is primed for a full renovation to maximize its value. With an after-repair value (ARV) of over $450,000+, this property offers the potential for excellent returns once completed. Boasting over 3,000 sq. ft., the home includes 4 spacious bedrooms, 3 large bathrooms, and convenient washer/dryer hookups on both the main and upper levels. The expansive layout provides the perfect foundation for a modern makeover, and the large kitchen is ready to be transformed into a culinary enthusiasts dream! The additional parcel adds significant value, offering options for further development, or outdoor living spaces. Whether you want to enhance the property with more development or simply enjoy the added privacy, this oversized lot presents endless possibilities. Act fast and schedule your showing today!
  1. Listed by Hannah Fox • True North Realty • hannah@nctruenorthrealty.com

Property Details for 507 Rector Avenue Southeast

Parking Features
Driveway, Attached Garage
Subdivision Name
None
LISTING UPDATED: 05/01/2025 12:05 PM

Property Details for 507 Rector Avenue Southeast

StatusClosed
MLS #4242038
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1977
Lot Size1.26 AC / 54,885 SF
CountyBurke County

Location

Listing Courtesy of True North Realty

Sold By Realty Executives of Hickory

Add your commute

Building Information for 507 Rector Avenue Southeast

Stories-Year Built1977Building Size-Lot Size1.26 AC / 54,885 SF

Payment Calculator

$1,520 per month

30 year fixed, 6.845% Interest

Principal and Interest

$1,268

Property Taxes

$252

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 507 Rector Avenue Southeast

Summary
Location and General Information
  • Longitude: -81.557552
  • Latitude: 35.734812
Taxes and HOA Information
  • HOA Subject To: None
  • Tax Assessed Value: $300,173.00
  • Parcel Number: 14472
  • City Taxes Paid To: Valdese
School Information
  • Middle Or Junior School: Heritage
  • High School: Jimmy C Draughn
  • Elementary School: Valdese
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
  • Garage Spaces: 2.0
  • Garage YN: Yes
  • Garage Main Level YN: Yes
Property
Lot Information
  • Above Grade Finished Area: 3073.0
  • Below Grade Finished Area: 0.0
  • Sq Ft Lower: 0
  • Sq Ft Main: 2177
  • Sq Ft Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 896
  • Sq Ft Total Property HLA: 3073.0
  • Lot Size Units: Acres
  • Property Type: Residential
Property and Assessments
  • Geocode Confidence: High
  • Down Payment Resource YN: Yes
  • New Construction YN: No
  • Photos Count: 37
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Additional Parcels Description: 2743122025
  • Senior Community YN: No
  • Plat Book Slide: 5/89
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood
  • Patio And Porch Features: Covered, Front Porch, Rear Porch
  • Road Surface Type: Asphalt, Paved
  • Roof: Shingle
Interior Features
  • Appliances: Dishwasher, Electric Oven, Electric Range, Exhaust Hood
  • Levels: One and One Half
  • Cooling: Central Air, Heat Pump
  • Heating: Heat Pump
  • Laundry Features: Main Level, Upper Level
  • Fireplace Features: Living Room, Wood Burning
  • Fireplace YN: Yes
  • Flooring: Carpet, Tile, Vinyl
  • Foundation Details: Crawl Space
  • Basement YN: No
  • Bedroom Main: 2
  • Bedroom Upper: 2
  • Full Bath Main: 2
  • Full Bath Upper: 1
  • Half Bath Main: 0
Room Information
Room Information
  • Room Count: 12.0
Room 1
  • Room Types: Living Room
  • Room Level: Main
Room 2
  • Room Types: Den
  • Room Level: Main
Room 3
  • Room Types: Dining Room
  • Room Level: Main
Room 4
  • Room Types: Kitchen
  • Room Level: Main
Room 5
  • Room Types: Primary Bedroom
  • Room Level: Main
Room 6
  • Room Types: Bedroom(s)
  • Room Level: Main
Room 7
  • Room Types: Bathroom-Full
  • Room Level: Main
Room 8
  • Room Types: Bathroom-Full
  • Room Level: Main
Room 9
  • Room Types: Laundry
  • Room Level: Main
Room 10
  • Room Types: Bedroom(s)
  • Room Level: Upper
Room 11
  • Room Types: Bedroom(s)
  • Room Level: Upper
Room 12
  • Room Types: Bathroom-Full
  • Room Level: Upper

Property History for 507 Rector Avenue Southeast

DateEvent & SourcePriceAppreciation
Apr 30, 2025

Closed (Public Record)

Public Record #1556552995

$242,000
Apr 30, 2025

Closed

CANOPY #4242038

$242,000
Apr 4, 2025

Listed (Active)

CANOPY #4242038

$259,000
DateEvent & SourcePrice
04/30/2025

Closed (Public Record)

Public Record #1556552995

$242,000
04/30/2025

Closed

CANOPY #4242038

$242,000
04/04/2025

Listed (Active)

CANOPY #4242038

$259,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 507 Rector Avenue Southeast

Taxable ValueLand$22,276Additions$277,897Total$300,173
Tax Record2024$3,020 ($252 / month)
Home Facts
Beds4Total Finished SqFt3,073 SqFtAbove Grade Finished SqFt3,073 SqFtStories2Lot Size29,185 SqFtStyleSingle Family ResidenceYear Built1977Year Renovated1985ZoningR-12 RESIDENTCountyBURKEAPN14472Fireplace TypeHas Fireplace

Schools near 507 Rector Avenue Southeast

This home is within Burke County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Valdese Elementary
PublicPK to 5

Heritage Middle
Public6 to 8

Jimmy C. Draughn High School
Public9 to 12

Chesterfield Elementary
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of True North Realty

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 07/29/2025 08:56 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.