Active

$445,000

537 Old Newfound Rd, Leicester, NC 28748

9beds

5baths

--sqft

Est.:

Multi Family

Built in 1991

-- sqft lot

$428,300 Zestimate^®

$--/sqft

$-- HOA

What's special

Perfect opportunity for an investor to revive this existing park with one Double Wide and 3 older single-wide units with potentially additional spots. Double wide unit has its own separate well and 3 bedroom septic and well. The three Single wide units are on 9 bedroom septic. There are multiple wells on the property but the main well and system will need work. All units will need work, but the bones of the park are there and ready for your vision. Please do not disturb existing tenants.

49 days

425

20

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 5

Heating

Heat Pump

Cooling

Other

Appliances

Included: None
Laundry: None

Features

Has basement: No

Interior area

Finished area above ground: 0
Finished area below ground: 0

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Lot

Size: 2.13 Acres

Details

Parcel number: 879093263900000
Zoning: OU
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Metal, Vinyl, Other
Foundation: Other - See Remarks
Roof: Other - See Remarks

Condition

New construction: No
Year built: 1991

Utilities & green energy

Sewer: Septic Installed, Other - See Remarks
Water: Shared Well, Well

Community & HOA

Location

Region: Leicester

Financial & listing details

Tax assessed value: $218,100
Annual tax amount: $1,498
Date on market: 4/2/2026
Tenant pays: Cable TV, Electricity
Road surface type: Gravel, Paved

Estimated market value

$428,300

$407,000 - $450,000

$1,777/mo

Price history

Date	Event	Price
4/2/2026	Listed for sale	$445,000-1.1%
Source: Canopy MLS as distributed by MLS GRID #4363729 Report a problem
5/9/2025	Listing removed	$449,900
Source: Canopy MLS as distributed by MLS GRID #4222020 Report a problem
2/25/2025	Listed for sale	$449,900
Source: Canopy MLS as distributed by MLS GRID #4222020 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,498 +4.4%	$218,100
2024	$1,435 +3.1%	$218,100
2023	$1,392 +1.6%	$218,100
2022	$1,370	$218,100
2021	$1,370 +29.2%	$218,100 +37.6%
2020	$1,060 -4.9%	$158,500 -4.9%
2019	$1,115	$166,700
2018	$1,115 +86.9%	--
2017	$597 -1.5%	--
2016	$606 -22.8%	--
2015	$785 -8.5%	--
2014	$858	--
2013	--	--
2012	--	--
2011	--	--
2010	--	$76,600
2009	--	$76,600

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 28748

Getting around

7 / 100

Car-Dependent

7 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

5/10
Leicester Elementary
Grades: PK-4Distance: 2.2 mi
6/10
Clyde A Erwin Middle School
Grades: 7-8Distance: 4.3 mi
3/10
Clyde A Erwin High
Grades: PK,9-12Distance: 4.5 mi

Schools provided by the listing agent

Elementary: Leicester/Eblen
Middle: Clyde A Erwin
High: Clyde A Erwin

Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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