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For sale
    • Price cut: $3K (9/25)
    $255,000

    1516 Cypress Dr, Henderson, NC 27536

    3beds
    2,263sqft
    : 
    $1,656/mo
    Get pre-qualified
    Single Family Residence
    Built in 1951
    0.46 Acres Lot
    $246,400 Zestimate®
    $113/sqft
    $-- HOA

    What's special

    Turnkey brick ranch homeUnfinished basementCeiling fans
    A rare opportunity for all landlords! Seller financing available. This turnkey brick ranch home with an unfinished basement has quality tenant already placed. Tenant is Nursing Manager in a senior living community. Immediate rare to find cash flow for landlord investors and built-in equity from day one! Currently rented for $1,825/month. One year lease that expires on 6/30/2027, but tenants intend to stay long term. Located in a quiet, established neighborhood near Henderson Country Club, the home has benefited from numerous recent improvements. One-year Platinum Home Warranty is included. Property has numerous new items done: Electrical Panel by licensed electrician, Furnace by licensed HVAC company, Water Heater by licensed plumber, Refrigerator, Microwave, Washer, Dryer, Ceiling fans. Buy below market value, collect rent from day one, and add a well-improved property with built-in equity to your portfolio. Finish the basement yourself and further significantly enhance your return. Seller will provide a 1-year Old Republic Platinum Home Warranty, offering additional protection and peace of mind for the new owner. Schedule your showing today.
    20 days
    784
    50

    Zillow last checked:

    Listing updated:

    Listed by:

    Peter Cheng 919-219-4787,

    Southern Properties Group Inc.,

    Aisha Liu 919-638-2994,

    Southern Properties Group Inc.

    Source: Doorify MLS,MLS#: 10191143MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 2
      • Main level bedrooms: 3
      Primary bedroom
      • Level: Main
      • Area: 19008 Square Feet
      • Dimensions: 132.0 x 144.0
      Bedroom 2
      • Level: Main
      • Area: 18216 Square Feet
      • Dimensions: 132.0 x 138.0
      Bedroom 3
      • Level: Main
      • Area: 19221 Square Feet
      • Dimensions: 129.0 x 149.0
      Den
      • Level: Main
      • Area: 2505321 Square Feet
      • Dimensions: 1911.0 x 1311.0
      Dining room
      • Level: Main
      • Area: 16472 Square Feet
      • Dimensions: 116.0 x 142.0
      Kitchen
      • Level: Main
      • Area: 186876 Square Feet
      • Dimensions: 116.0 x 1611.0
      Living room
      • Level: Main
      • Area: 4326 Square Feet
      • Dimensions: 21.0 x 206.0
      Heating
      • Electric
      Cooling
      • Electric
      Features
      • Flooring: Carpet, Hardwood, Vinyl
      • Basement: Unfinished
      • Number of fireplaces: 1
      Interior area
      • Total structure area: 2,263
      • Total interior livable area: 2,263 sqft
      • Finished area above ground: 2,263
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Carport
      • Carport spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Smart Lock(s)
      Lot
      • Size: 0.46 Acres
      Details
      • Parcel number: 0015 06007
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Brick Veneer
      • Foundation: Block
      • Roof: Shingle
      Condition
      • Fixer
      • New construction: No
      • Year built: 1951

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Henderson

      Financial & listing details

      • Price per square foot: $113/sqft
      • Tax assessed value: $234,581
      • Annual tax amount: $3,347
      • Date on market: 9/7/2026
      • Listing agreement: Exclusive Agency
      • Listing terms: Assumable,Conventional,FHA,Lease Option,Lease Purchase
      • Lease term: 12 Months

        Estimated market value

        $246,400

        $234,000 - $259,000

        $1,530/mo

        Price history

        DateEventPrice
        9/25/2026Price change$255,000-1.2%$113/sqft
        Source: Doorify MLS #10191143 Report a problem
        9/7/2026Listed for sale$258,000+20.6%$114/sqft
        Source: Doorify MLS #10191143 Report a problem
        6/1/2026Listing removed$1,825$1/sqft
        Source: Zillow Rentals Report a problem
        4/3/2026Price change$1,825+1.4%$1/sqft
        Source: Zillow Rentals Report a problem
        2/26/2026Listed for rent$1,800$1/sqft
        Source: Zillow Rentals Report a problem
        2/10/2026Sold$214,000-11.9%$95/sqft
        Source: Public Record Report a problem
        1/31/2023Sold$243,000-2.8%$107/sqft
        Source: Public Record Report a problem
        12/10/2022Contingent$249,900$110/sqft
        Source: Doorify MLS #2468332 Report a problem
        8/30/2022Price change$249,900-3.5%$110/sqft
        Source: Doorify MLS #2468332 Report a problem
        8/12/2022Listed for sale$259,000$114/sqft
        Source: Doorify MLS #2468332 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,343 +4.6%$234,581
        2024$3,197 +54.4%$234,581 +97.2%
        2023$2,071 +2.2%$118,951
        2022$2,026 $118,951
        2021$2,026 +0.1%$118,951
        2020$2,023 +0.2%$118,951
        2019$2,018 $118,951
        2018$2,018 +0.3%$118,951
        2017$2,011 $118,951
        2016$2,011 $118,951 -4.9%
        2015$2,011 +7.5%$125,070 0%
        2014$1,871 +6.7%$125,077
        2013$1,754 +925.6%$125,077
        2012$171 -90%$125,077
        2011$1,710 $125,077
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 27536

        Getting around

        36 / 100
        Car-Dependent
        30 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Henderson - Atkinson Elementary
        • Middle: Henderson - Apple Valley Middle
        • High: Henderson - East Henderson High

        Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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