1020 N Nc Highway 37 N Gates, NC $ 50,000
1020 N Nc Highway 37 N
$ 50,000
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1020 N Nc Highway 37 N

Gates, NC, 27937
$ 50,000
Bedrooms2 Baths1.0

Monthly Estimate*

$ 308

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Single Family Home for sale in Gates, NC

for $50,000 with 2 bedrooms and 1 full bath. This home was built in 1958 on a lot size of 0.49.

Great opportunity to purchase a fixer-upper at auction and renovate to your own specifications! Located in the Town of Gates, this home was built in 1958 and sits on approximately 0.49 acres. The property features 2 bedrooms, 1 bathroom, a kitchen, dining area, living room, enclosed front porch, and utility room. Conveniently located near US Highway 13, the property offers easy access to Virginia and the surrounding northeastern North Carolina region. The home is being sold as-is and offers potential as a long-term rental investment, renovation project, or possible resale opportunity. The property is being sold with the representation that it does not currently have a functioning heat source. As a result, exact heated square footage is unavailable; however, the home is estimated to contain approximately 900 to 1,000 square feet. No septic permit on file! The property will be sold via online-only auction with bidding ending July 14, 2026, at 7:00 PM. Bidding opens on July 1st! Cash sale only. No pre-auction offers will be considered. Contact the listing agent for auction terms, bidding instructions, and information on how to participate. The list price is for advertising purposes only and does not represent the seller's asking price, a starting bid amount, or the final sales price

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Single Family Active

Price

$ 50,000

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 943

Style

Single Family Residence

Lot Size

0.49

Year Built

1958

Town/City

Gates

County/Region

Gates

MLS | Web ID

100581644

Features
General
Living Area 0.0
Heating None
Cooling None
Utilities Water Connected
Possession Close Of Escrow At Closing
Roof Composition
Appliances None
Zoning R-1
Patio/Porch Features Enclosed Front Porch
Construction Materials Brick Veneer Wood Frame
Year Built 1958
View See Remarks
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Taxes 943.87
Parcel Number 03-00268
Waterfront Features None
Accessibility None
County Gates
Operating Expense 0.0
New Construction N
Property Type Residential
In City Limits? (Y/N) Y
HOA N
Attached Garage N
Subdivision Name None
Garage Y/N N
Total Rooms 6
Full Baths 1
Status Active
Directions Take Hwy 37 into the Town of Gates. Home is located at 1020 Hwy 37 N.
High School Gates County High
City Gates
Lot Size Units Acres
Lot Size Square Feet 21344.0
Carport Spaces 0.0
Carport Y/N N
Green Building Verification Type None
Elementary School Buckland Elementary
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School Central Middle School
Lease Considered Y/N N
Structure Type Wood Frame Stick Built
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 97592
Legal Description Tax Pin: 6051.61-02-0300
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Interior
Interior Amenities None
Basement None
Flooring Carpet
Water Heater Electric
Master Bed Level N/A
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Half Baths 0
Total Bedrooms 2
Attic Features Pull-Down Stairs
Entry Level 1
Room Type Bedroom 1 Bedroom 2 Living Room Dining Area Dining Room Utility Room Bathroom 1
Total Baths 1
Living Area Range 0 - 200
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Exterior
Exterior Finish Brick Veneer
Fencing None
Parking Features Unpaved
Water Source County Water
Total Parking 0.0
Lot Size Area 0.49
Foundation Details Crawl Space
Spa N
Building Area Total 0.0
Lot Dimensions x
Lot Size Acres 0.49
Road Surface Type Paved
Frontage Type See Remarks
Waterfront Y/N N
Road Frontage Type City Street State Road Paved
Crops Included Y/N N
Horse Y/N N
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Internal Only
Street Number 1 1020
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* Excluded Features
List By
Jake Forbes

Listing Agent

United Country Forbes Realty & Auctions Llc

Broker

forbes_thomasjacob@yahoo.com

Email

Affordability Calculator

$386
Per Month
80%
20%
0%
Monthly Principal & Interest
$308
Monthly Property Taxes
$79
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4735740 Elementary School
4736465 Middle School
Gates County High High School
Pricing History
DatePricePrice ChangeDescription
6/14/2026$50,000 Listed Price

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1020 N Nc Highway 37 N, Gates, NC, 27937 is a Single Family Home for sale at $50,000 with a lot size of 0.49. 1020 N Nc Highway 37 N has 2 bedrooms, 1.0 baths, and was built in 1958. The property's zip code is 27937 which is in Gates, NC