This charming two bedroom, one bath home in Nebo offers an affordable opportunity to own a home just minutes from the beautiful Lake James area. Featuring 898 square feet of living space, the home offers a functional, single level floor plan with a cozy living room, a kitchen with an adjoining dining area and a metal roof. Situated on approximately 0.20 acres, the level, unrestricted property features a small creek running through the back of the property, a detached carport, and an additional storage shed. With no HOA or restrictions, there's room to make this property your own! The location is a standout feature, offering convenient access to Lake James State Park, Fonta Flora Brewery, and Bear Creek Marina, with boating, fishing, hiking, and outdoor recreation nearby. Whether you're searching for a primary residence, weekend getaway, or investment opportunity, this property offers an affordable option in a desirable location near Lake James. Property is being sold as-is, with the seller making no repairs. Cash offers only.
Sale and tax history for 7345 S Mountain Institute Rd
Sale History
Tax History
Date
Event
Price
CANOPYMLS as Distributed by MLS Grid #4439098
Nov 4, 2026
Listed
$160,000
$178/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$155 (+1.7%)
$7,020 + $34,050
$41,070
2025
$152 (−0.5%)
$7,020 + $34,050
$41,070
2024
$153
$7,020 + $34,050
$41,070
2023
$153 (+72.5%)
$7,020 + $34,050
$41,070
2022
$89 (+3.5%)
$6,000 + $24,869
$30,869
2021
$86 (+2.4%)
$6,000 + $24,869
$30,869
2020
$84
$6,000 + $24,869
$30,869
2019
$84 (−0.5%)
$6,000 + $24,869
$30,869
2018
$84 (−74.1%)
$6,000 + $24,920
$30,920
2017
$325 (+3.4%)
$6,000 + $25,243
$31,243
2016
$314 (−1.6%)
$6,000 + $25,243
$31,243
2014
$319
$6,000 + $25,243
$31,243
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
8,712 Sq. Ft.
Year renovated
1960
Finished Sq. Ft.
896
Unfinished Sq. Ft.
—
Total Sq. Ft.
896
Year built
1958
Style
Single Family Residential
County
McDowell County
APN
19052
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 16, 2026.
R-3
SCENIC OVERLAY
Residential District
The R-3 Residential District is a less restrictive residential district that allows a broader range of residential uses including Class A and Class B manufactured homes. A variety of compatible non-residential uses are allowed in areas that may be less suburban in nature.
Zone overlays
Permitted uses
Include but are not limited to:
Agriculture
Greenhouse / nursery
Housing-Single unit
Housing-Multiple units
Housing-Other
Infrastructure
Public service
Communications tower
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
1% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 103° expected this year, 19 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Nebo, NC • 28761
Average low and high temperatures (°F)
47
27
55
35
68
43
75
52
76
56
86
65
89
70
79
65
78
59
69
49
62
43
51
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7345 S Mountain Institute Rd
$158,445
$1,555 under list price of $160K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $151K to $284K.