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220 1 Montpelier Drive

Edenton, NC 27932 · Chowan County

Price Reduced

220 1 Montpelier Drive, Edenton, NC 27932 — main photo

220 1 Montpelier Drive, Edenton, NC 27932 — photo 2

220 1 Montpelier Drive, Edenton, NC 27932 — photo 3

220 1 Montpelier Drive, Edenton, NC 27932 — photo 4

220 1 Montpelier Drive, Edenton, NC 27932 — photo 5

0.47 Acres

John A. Holmes High District

About This Property

Residential building lot in the Montpelier section of Cape Colony.This unimproved lot is wooded and would need clearing, the future connections could include fiber internet, septic system, county water and Town of Edenton Electric. Neighbors enjoy the short commute into Historic, Downtown Edenton and the community with a sandy beach and swimmable access into the Albemarle Sound. Cape Colony has boat slips available upon inquiry and for a fee. Get started building with this lot!

Price History & Market Timeline

Original List Price$22,000

Current List Price (Price Reduced)$18,500Reduced by $3,500

Property Details

SubdivisionCape Colony

TypeResidential Lot

Lot Size0.470 acres

WaterfrontNo

Parcel781315534142

Location & Neighborhood Intelligence

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Distance to Key Places (straight-line)

ECU Health Chowan Hospital4.1 mi John A. Holmes High School3.7 mi Edenton Historic District & Waterfront3.3 mi College of The Albemarle — Edenton-Chowan3.9 mi

Coastal & Environmental Information

Properties in northeastern North Carolina near coastal waters may be subject to Coastal Area Management Act (CAMA) regulations, municipal historic district overlays, or specific flood zone designations. Buyers are advised to independently verify setback rules, elevation certificates, and flood insurance requirements with licensed surveyors, engineers, and insurance professionals.

Schools

ElementaryWhite Oak/D F Walker

MiddleChowan Middle

High SchoolJohn A. Holmes High

Tax & Assessment

Assessed Value$6,386

Annual Tax$49 (2024)

Monthly Tax Est.$4/mo

Hyper-Local Buyer Tool

Edenton True Cost of Ownership Calculator

Calculate your actual monthly carrying cost — including Chowan County taxes, Town municipal rates, your own flood insurance quote, and historic district reserves.

Home Purchase Price$18,500

Down Payment5%

Tap a marker for the exact program, or drag freely for any other amount. Snaps to 0% (USDA/VA), 3.5% (FHA), 5% (Conventional) and 20% (no PMI).

Interest Rate (%)

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Local Tax & Municipal Variables

Chowan County TaxChowan County charges $0.72 per $100 of assessed value for fiscal year 2026-2027. Tax rate updated: August 3, 2026. Verify with the local tax office.

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Town of Edenton LimitsApplies additional $0.4800 / $100 municipal tax. Switch off for county-only parcels outside town.

Historic Overlay District (COA)Adds $150/mo reserve for custom wood, slate/metal roof & COA maintenance

CAMA Flood Zone / Waterfront TierProperties near the Albemarle Sound or Queen Anne Creek fall into CAMA-regulated flood zones. Your zone determines whether flood insurance is required — we don't quote rates, so enter your own insurer's quote below.

Flood Insurance — Annual Premium

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Renovation Financing Roll-In (FHA 203k / HomeStyle)$0

Finance repair scope directly into mortgage via FHA 203(k) or Fannie Mae HomeStyle loan.

Estimated Monthly True Cost

Includes P&I, taxes, insurance & local reserves

Principal & Interest$0
Chowan County Property Tax ($0.72)$0
Town of Edenton Municipal Tax ($0.4800)$0
Hazard / Homeowners Insurance (Est.)$0
Flood Insurance (Your Quote)$0
Historic Overlay COA Reserve$0
PMI / Mortgage Insurance$0

Total Loan Amount$0

Down Payment$0

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Independent buyer representation Travis Old, Broker and REALTOR®, works for you.

Travis Old, Broker

Horizon Realty Group

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Listed By

CarolinaEast Real Estate

Amber Hardy, Listing Agent

Office Phone: (252) 312-6154

The above listing agent, if hired also by you, would become a dual agent. Dual agents are forbidden by NC Law from helping you gain an advantage over the other party. For example, they could ask for that price break you might want, but they cannot advocate for it to their Seller. By hiring a buyer's agent, you have someone on your team who can advocate for what you want. See what hiring a Buyer's Agent means.

True Cost Summary

$145/mo

Includes P&I, Chowan County tax, Edenton municipal tax, insurance & PMI.

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