308 Meadow Dr Lexington, NC 27295
Property details
About 308 Meadow Dr
Discover Sleepy Meadows Mobile Home Park, a strategically located 10-unit mobile home park with an additional stick-built home, offering a unique investment opportunity in the heart of Lexington. This established community features many long-term tenants, ensuring steady cash flow and tenant stability. One tenant handles property upkeep in exchange for free rent, helping to keep operational costs down. For investors looking for value-add potential, the county has approved the addition of more mobile homes and the park is grandfathered in to replace mobile homes when needed. This creates an opportunity to increase revenue. Coin laundry on-site creating more revenue. While some of the existing units may require work, this presents a chance to enhance the property and boost long-term profitability. Whether you’re a seasoned investor or new to the mobile home park asset class, Sleepy Meadows offers stability, expansion potential, and a prime location.
Highlights
Summary
- MLS Number: 4223423
- Office Name: Guardian Real Estate Group LLC
- Office Email: josh@guardianrealestategrp.com
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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Get an agent. Get a mortgage. Save big.¹
$549,900
308 Meadow Dr
$6,530
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 27, 2023 | Home Sold | $315,000 |
| Aug 03, 2012 | Home Sold | $224,000 |
| Jun 23, 2006 | Home Sold | $135,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $246,980 | $1,897 |
| 2023 | $246,980 | $1,926 |
| 2022 | $246,980 | $1,926 |
| 2021 | $246,980 | $1,848 |
| 2020 | $198,960 | $1,489 |
| 2019 | $198,960 | $1,512 |
| 2018 | $198,630 | $1,509 |
| 2017 | $198,630 | $1,509 |
History based on county public records data.
Nearby schools
6
Pickett Elementary School
Public District KG-5
0.8 mi
•200 Biesecker Rd
6
Davidson Charter Academy
Public Charter KG-6
1.0 mi
•500 Biesecker Rd
6
Charles England Elementary School
Public District 1-5
2.4 mi
•111 Cornelia St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,162. Residents of Lexington, NC typically earn less than $<35k each year. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
Extreme Sports
Where do the neighbors shop?
Wal-Mart
Kmart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Sonic
Bob Evans
Little Caesars
What do the neighbors drive?
Oldsmobile
Buick
Chevrolet
What do the neighbors listen to?
Contemporary Inspirational- Oldies
Country
Frequently asked questions
About 308 Meadow Dr
This home is located at 308 Meadow Dr in Lexington, NC and zip code 27295. This 7,760 square foot home was built in 1951. Features: 20 bedrooms, 13 bathrooms. It has been listed on Rocket Homes since February 17, 2025 and is currently priced at $549,900.
Over 4 listings were sold over their listed price in February 2025 in Lexington, NC. In the same period over 49 listings were sold below the listed price and 21 listings were sold for the listed price. The inventory of homes for sale in Lexington, NC between January and February 2025 did not move. In February 2025, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $290,916.