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535 Merrimac Road

Edenton, NC 27932 · Chowan County

76 days on market
$335,000
Was $360,000
$335,000Chowan County (Rural)$250K – $500KUnder $375KActive
335000
Price Reduced
6 Bedrooms
3 Bathrooms
2,600 Sq.Ft.
0.21 Acres
Built in 1964
John A. Holmes High District

About This Property

Looking for a property with space and potential? This unique opportunity offers six bedrooms and three bathrooms with a flexible layout that could easily serve a variety of needs. While it's currently configured as it is today, it could also be converted back into a single-family home if that better fits your vision. Looking for your next investment? This property has a proven solid rental history as short, medium and long term rental. The three units offer flexibility and opportunity for great cash flow. Yes, it could use some TLC, but the hard part is already here. With generous square footage and endless possibilities, this property is a great opportunity for someone ready to add their own style and make it shine. Whether you're looking to create a spacious home or reimagine the space, the potential is easy to see Don't miss the porches with great views! Enjoy year around perfect for dining, relaxing or entertaining

Price History & Market Timeline

Original List Price$360,000
Current List Price (Price Reduced)$335,000Reduced by $25,000

Property Details

SubdivisionNone
TypeSingle Family Residence
Living Area2,600 sq ft
Full Baths3
Price / sq ft$129
Lot Size0.210 acres
Year Built1964
Total Rooms9
WaterfrontNo
Parcel687910353765

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.

Interior & Exterior

HeatingHeat Pump, Electric
CoolingCentral Air, Wall/Window Unit(s), Heat Pump, Multi Units
RoofMetal
ConstructionBlock, Vinyl Siding
ParkingOff Street

Schools

ElementaryWhite Oak/D F Walker
MiddleChowan Middle School
High SchoolJohn A. Holmes High
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.

$335,000
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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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Applies additional $0.4300 / $100 municipal tax. Switch off for county-only parcels outside town.
Adds $150/mo reserve for custom wood, slate/metal roof & COA maintenance
Properties 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.

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

Estimated Monthly True Cost
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Includes P&I, taxes, insurance & local reserves
  • Principal & Interest$0
  • Chowan County Property Tax ($0.72)$0
  • Town of Edenton Municipal Tax ($0.4300)$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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MLS# 100585318 · HIVE MLS via SourceRE · Last updated: August 19, 2026 at 10:57 PM UTC. Information deemed reliable but not guaranteed. © 2026 Horizon Realty Group.