About 700 Fernwood Drive
"INCREDIBLE EQUITY OPPORTUNITY! Rare chance to build instant sweat equity in a highly desirable Clayton location. This expansive 2,801 sqft all-brick ranch sits on a private 0.6-acre lot and boasts fantastic bones and character. Features include vaulted ceilings with exposed beams, two fireplaces, a newly renovated bathroom with elegant tilework, brand-new rear doors, and a new outdoor pergola. Recently appraised at $480,000, this property is an absolute dream for investors, contractors, or handy buyers looking to customize and create instant value. The property requires TLC, a full clean-out, and cosmetic updates. Sold strictly AS-IS. HUGE BONUS: This property features an FHA ASSUMABLE mortgage! Seller is highly motivated and open to Creative Financing, including Lease-Option / Rent-to-Own terms with an upfront option fee. Due to current condition and utilities being off, this will not qualify for traditional Conventional/FHA/VA loans. Cash, Hard Money, Assumable FHA, or Lease-Option only. Bring your vision and don't miss this rare chance to secure a property with massive upside potential!
Features of 700 Fernwood Drive
| MLS® # | 10164244 |
|---|---|
| Price | $390,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Full Baths | 2 |
| Half Baths | 1 |
| Square Footage | 2,801 |
| Acres | 0.60 |
| Year Built | 1965 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Ranch |
| Status | Active |
Community Information
| Address | 700 Fernwood Drive |
|---|---|
| Subdivision | Dogwood Forest |
| City | Clayton |
| County | Johnston |
| State | NC |
| Zip Code | 27520 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Concrete, Driveway, Garage Faces Side, Garage |
| # of Garages | 2 |
| Has Pool | No |
Interior
| Interior Features | Bookcases, Ceiling Fan(s), Entrance Foyer, Eat-in Kitchen, High Ceilings, Pantry, Primary Downstairs, Soaking Tub, Walk-In Closet(s), Separate Shower |
|---|---|
| Appliances | Dishwasher, Electric Cooktop, Propane Water Heater, Wall Oven |
| Heating | Electric, Heat Pump |
| Cooling | Central Air |
| Fireplace | Yes |
| # of Fireplaces | 2 |
| # of Stories | 1 |
| Stories | One |
| Has Basement | No |
Exterior
| Exterior Features | Playground, Rain Gutters |
|---|---|
| Lot Description | Landscaped |
| Roof | Shingle |
| Construction | Brick, Vinyl Siding |
| Foundation | Brick/Mortar |
School Information
| Elementary | Johnston - West Clayton Elementary |
|---|---|
| Middle | Johnston - Clayton Middle |
| High | Johnston - Clayton High |
Additional Information
| Date Listed | April 29th, 2026 |
|---|---|
| Zoning | RES |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker HPW |
|---|