505 Mimosa Avenue

Off Market

505 Mimosa Avenue

Drexel NC 28655

1004 sq. ft.

0.77 ac.

Single-Family

Last sold for $85,000

Madeline Pollard, last sold this property on 01 April 2026 after 15 days on market.

Overview

Investor Opportunity in the Heart of Drexel! This 2-bedroom, 1-bath home offers over 1,000 square feet of living space. It is centrally located within the town of Drexel, just minutes from local shops, restaurants, and convenient access to I-40 for an easy commute to Morganton, Hickory, and surrounding areas. This property has significant potential and would be an excellent opportunity for investors, flippers, or buyers looking to renovate and add value. Inside, you'll find original hardwood floors throughout most of the home and a functional layout that makes great use of the space. The home features two fireplaces—one in the living room and another in the kitchen—both believed to be wood-burning if uncovered, offering character and charm that could really shine with the right updates. Situated on approximately 0.77 acres, the lot is mostly cleared and relatively flat, providing plenty of room for outdoor enjoyment, gardening, or future improvements. With its convenient location, spacious lot, and solid bones, this property is ready for someone with vision to bring it back to life. Don't miss the opportunity to unlock the potential this Drexel property has to offer!

Features

2 bedrooms

1 bathroom

1004 sq. ft. floor area

0.77 ac. lot size

Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Drexel over the last 12 months, the estimated median property value of 505 Mimosa Avenue is $210k.

Median value

$210k

Estimated value range

$65k - $693k

Median days on market

Estimated value trend

11%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Drexel. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 505 Mimosa Avenue

2026

Sold

$85,000

01 Apr 2026 by Madeline Pollard, of Chase Gray Realty LLC

Happy sellers in Drexel

96%

96% of sellers in Drexel reported that their sale price either exceeded or met their price expectations.

Drexel stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Drexel over the last 12 months.

Local market activity for 2 bedroom single-family properties in Drexel

In the last 12 months, 69 two-bedroom single-family properties similar to 505 Mimosa Avenue, have been sold.

This represents a 3% increase in two-bedroom single-family properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Drexel for a market analysis.

Adriano & Katie Lamboglia

at True North Realty

(60 reviews)

Get a market analysis

Robyn St. Clair

at Realty ONE Group @Home | Hickory

(80 reviews)

Get a market analysis

Hannah Fox

at The Pinnacle Property Group NC

(38 reviews)

Get a market analysis

Kevin Kee

at Berkshire Hathaway HomeServices Blue Ridge REALTORS??

(7 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Drexel

Adriano & Katie Lamboglia

Sellers who recommend Adriano & Katie Lamboglia have praised them for being local expert, clear communication, responsive, supportive, strategic, empathetic, and detail-oriented