Fayetteville Corner-Lot Fixer Gets $10K Price Cut, Now Listed for $75,000
A compact two-bedroom home in Fayetteville, North Carolina, has received a $10,000 price reduction, bringing its current asking price down to just $75,000.
Located at 4901 Schmidt Street, the single-story residence was built in 1948 and offers approximately 791 square feet of finished living space.
The home includes two bedrooms and one full bathroom and sits on a corner lot in the Bonnie Doone subdivision.
The property originally entered the market on August 5, 2026, at $85,000.
On September 18, the asking price was reduced by $10,000, or nearly 12%, to its current $75,000 price.
At that figure, the home works out to approximately $95 per square foot.
The property is being sold as-is, making it more appropriate for investors, renovators or buyers who are comfortable making improvements after closing.
Inside, the home follows a straightforward single-story floor plan.
Both bedrooms and the full bathroom are located on the main level, while flooring includes a mixture of wood and vinyl.
The home does not have a fireplace or basement, although it does sit on a crawl-space foundation.
Heating is currently listed simply as “other,” so prospective buyers should verify the exact heating system and its condition during their inspection.
One practical feature is that a refrigerator is included with the sale.
Outside, the corner-lot setting gives the property additional street frontage and a more open feel than many interior lots.
The yard is fully fenced, which could be particularly appealing to buyers with pets or anyone looking for a clearly defined outdoor area.
An exterior storage area is also included, providing additional room for lawn equipment, tools or seasonal belongings.
The listing categorizes the lot as less than one-quarter acre.
Older public records place the parcel at approximately 4,792 square feet, although buyers should rely on a current survey or county records if exact lot dimensions are important to their plans.
Public water and public sewer serve the property.
There is no homeowners association, eliminating monthly HOA dues.
The home is located within the Terry Sanford school district and sits on a paved street.
Another important detail is financing.
The current MLS lists cash as the purchase term, which may limit the property to investors or buyers able to purchase without conventional mortgage financing.
That restriction, combined with the as-is condition, helps explain why the home is being marketed at a relatively low price compared with many other Fayetteville properties.
The 2025 tax-assessed value is listed at approximately $74,500, almost identical to the current $75,000 asking price.
Annual property taxes were reported at approximately $1,196.
Public records also show that the home last sold for just $5,000 in August 1994, although that transaction occurred more than three decades ago and has little relevance to today’s market value.
For buyers searching for a move-in-ready home, this property may require too much work.
But for someone looking for a lower-priced Fayetteville fixer, the combination of a corner lot, fully fenced yard, two bedrooms and a newly reduced asking price could make 4901 Schmidt Street worth a closer look.
Listed on Zillow