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$327,500
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Property Description
Discover a rare opportunity to restore a piece of local history with this 1909 farmhouse nestled on 6.19 acres. Located just outside Drexel, with easy access to Morganton & Valdese, this property offers both the charm of country living & the convenience of nearby amenities. With a little vision & dedication, this timeless home can be brought back to its former glory-blending classic character with modern comforts. Features include hardwood & pine floors, two wood-burning fireplaces, a main-level living room, sunroom, kitchen, bedroom, full bath, & laundry. A heated/cooled rear porch leads to the backyard & a 370 sq ft detached guest house with kitchenette, laundry, & bath. Upstairs offers two bedrooms, a den/office, & a second full bath. A storage/workshop from a converted singlewide at the rear of the property, considered of no value. Old shared driveway near 350 Settlemyre Rd. Sold as-is; priced accordingly. Cash, conventional or reno loan preferred. A unique opportunity to own a slice of history with endless potential! Reduced $15,000 to $335,000!
Full Property Details
Full Property Details for 368 Settlemyre Rd
General
- Sold For: $327,500
- Status: Closed
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4264485
- Added to Site: 268 day(s) ago
Interior
- Fireplace: Yes
- Fireplace(s): Wood Burning, Wood Burning Stove, Wood Burning, Wood Burning Stove
- Appliances: Dishwasher, Gas Range, Refrigerator
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Upper 2 - Full Baths: 1
- Upper - Full Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Upper: 2
- Bedrooms Main & Up: 1
Other Rooms
- Laundry: In Bathroom, Main Level
Parking
- Carports: Yes
- Carport Spaces: 2
- Parking Features: Detached Carport, Circular Driveway, Driveway
Location
- County: Burke
School Information
- Elementary School: Drexel
- Middle School: Heritage
- High School: Jimmy C Draughn
Heating & Cooling
- Cooling Type: Central Air, Heat Pump
- Heating Type: Forced Air, Heat Pump, Radiant
Utilities
- Sewer: Septic Installed
- Water: City
- Utility Description: Cable Available, Electricity Connected, Propane, Wired Internet Available
Structural Information
- Architectural Style: Farmhouse
- Construction: Site Built
- Exterior Const.: Wood
- Roof: Metal
- Upper: 935 Sq. Ft.
- Main/1st Level: 1,519 Sq. Ft.
- Year Built: 1909
Lot Features
- Street/Road Desc.: Gravel, Paved
- Elevation (Approx.): 1000
- Lot Features: Wooded
Financial Considerations
- Terms: Cash, FHA 203(K)
Disclosures and Reports
- Property ID: 2724-41-1490
- Lot Number: 1497/964
Listed by C Shane Cook & Associates
Sold by Western Piedmont Real Estate, LLC
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Schools
Schools serving 368 Settlemyre Rd
School District:Burke County Schools
| Name | Grades | Distance |
|---|---|---|
Drexel Primary 100 Alta Vista Street, Morganton, NC 28655 | PK-5 | 0.8 mi |
Heritage Middle, Valdese, NC 1951 Enon Road, Valdese, NC 28690 | 6-8 | 2.1 mi |
Jimmy C. Draughn High School 709 Lovelady Road Northeast, Valdese, NC 28690 | 9-12 | 4.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 368 Settlemyre Rd
Date
Details
Price
Change
Source
11/21/2025
Sold
$327,500
-2.24%
MLS
9/19/2025
Price Reduced
$335,000
-4.29%
MLS
5/28/2025
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
368 Settlemyre Road, Morganton, NC 28655 (MLS# 4264485) is a Single Family property that was sold at $327,500 on November 21, 2025. Want to learn more about 368 Settlemyre Road? Do you have questions about finding other Single Family real estate for sale in Morganton? You can browse all Morganton real estate or contact a Coldwell Banker agent to request more information.

