For sale

Price cut: $5K (7/25)

$114,900

408 Bailey Rd, Madison, NC 27025

2beds

910sqft

$739/mo

Get pre-qualified

Stick/Site Built, Residential, Single Family Residence

Built in 1957

0.88 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

This property is eligible under The Freddie Mac First Look Initiative through 7/8/26. This home has 2 bedrooms and 1 bath. There is a staircase up to second floor area that is unfinished. New Roof... Galley kitchen that is open to dining room area. Laundry room has tile flooring and leads to side deck. Detached garage/storage or shop and sits on an .88 acre lot. Bring your vision to this one!! This property is SOLD "AS-IS". Schedule your showing today!!

67 days

882

40

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1

Primary bedroom

Level: Main
Dimensions: 10.17 x 9.5

Bedroom 2

Level: Main
Dimensions: 10.25 x 8.58

Dining room

Level: Main
Dimensions: 9.58 x 8.67

Kitchen

Level: Main
Dimensions: 14.5 x 12

Laundry

Level: Main
Dimensions: 10 x 6.42

Living room

Level: Main
Dimensions: 14.5 x 11.08

Heating

Heat Pump, See Remarks, Electric

Cooling

Other

Appliances

Included: Oven, Dishwasher, Remarks, Cooktop, Electric Water Heater
Laundry: Dryer Connection, Washer Hookup

Features

See Remarks
Flooring: Laminate, See Remarks, Vinyl
Basement: Crawl Space
Attic: Partially Floored,Permanent Stairs
Number of fireplaces: 1
Fireplace features: Living Room

Interior area

Total structure area: 910
Total interior livable area: 910 sqft
Finished area above ground: 910

Property

Parking

Total spaces: 1
Parking features: Driveway, Detached
Garage spaces: 1
Has uncovered spaces: Yes

Features

Levels: One and One Half
Stories: 1
Patio & porch: Porch
Exterior features: Garden
Pool features: None
Fencing: None

Lot

Size: 0.88 Acres
Dimensions: 99 x 252 x 98 x 90 x 201
Features: Natural Land

Details

Parcel number: 124753
Zoning: RP
Special conditions: Foreclosure/REO/Bank

Construction

Type & style

Home type: SingleFamily
Architectural style: Cottage
Property subtype: Stick/Site Built, Residential, Single Family Residence

Materials

Vinyl Siding, Wood Siding

Condition

Year built: 1957

Utilities & green energy

Sewer: Septic Tank
Water: Well

Community & HOA

HOA

Has HOA: No

Location

Region: Madison

Financial & listing details

Tax assessed value: $148,795
Annual tax amount: $989
Date on market: 6/8/2026
Cumulative days on market: 58 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

$1,217/mo

Price history

Date	Event	Price
7/25/2026	Price change	$114,900-4.2%
Source: Triad MLS #1223582 Report a problem
6/8/2026	Listed for sale	$119,900-7.8%
Source: Triad MLS #1223582 Report a problem
11/12/2025	Sold	$130,000-12.8%$143/sqft
Source: Public Record Report a problem
10/28/2025	Listed for sale	--
Source: Auction.com 4 #APID1300679 Report a problem
10/27/2025	Listing removed	$149,000
Source: Triad MLS #1180512 Report a problem
6/13/2025	Price change	$149,000-5.7%
Source: Triad MLS #1180512 Report a problem
5/14/2025	Listed for sale	$158,000-1.2%
Source: Triad MLS #1180512 Report a problem
1/30/2025	Listing removed	$159,900
Source: Triad MLS #1167553 Report a problem
1/23/2025	Listed for sale	$159,900
Source: Triad MLS #1167553 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,034 +4.5%	$148,795
2024	$989 +38.1%	$148,795 +69.3%
2023	$716 +3.2%	$87,899
2022	$694	$87,899
2021	$694	$87,899
2020	$694	$87,899
2019	$694 -1%	$87,899 -7.9%
2018	$701 -8%	$95,409
2017	$762	$95,409
2015	$762 +1%	$95,409
2014	$755 +1.5%	$95,409
2013	$743	$95,409
2012	$743 +3.4%	$95,409 +3.7%
2011	$719 +18.3%	$92,015 +21.5%
2010	$608 +0%	$75,703
2009	$608 +3.5%	$75,703
2008	$587	$75,703
2007	$587 +9.9%	$75,703
2005	$534	$75,703
2004	$534	$75,703
2003	$534 +26.8%	$75,703 +42.1%
2002	$421	$53,264
2001	$421	$53,264