451 Walnut Ln, Vilas, NC 28692
OFF MARKET

451 Walnut Ln
Vilas, NC 28692

  • 2 Beds
  • 2 Baths
  • 1,230 sqft (on 12 acres)
2 Beds
2 Baths
1,230 sqft
(on 12 acres)

Local Information

Map showing home location
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-- mins to
Commute Destination

Description

Awesome 12.1 acre property in Vilas with long range views of Grandfather mountain just off Linville Creek Rd and only 10 min from downtown Boone and ASU.

Property has a 1230 sq ft ranch house built in 1972 that has already been gutted ready for a full rehab. Also has a full basement that adds another 1230 sq ft to the total living space. No HOA.

With the long driveway in place, the clearing at the top of the ridge where the house sits, the well, the septic, the basement, the plumbing and a newer 200 amp electric service, you have already $120K-135K of equity built into the property so you are only paying about $100K for the 12.1 acres.

I have already estimated all costs to turn this house into a brand new 5 bed, 3 bath, 2460 sq ft house on 12.1 acres. The full rehab cost estimated at $95K-$105K in labor and materials. So for $230K (Property AS-IS) + $105K (Rehab) = $335K total, you have a brand new house valued anywhere from $185-$200/sq ft once completed ($455k-$492K). That's a profit of $120K-$157K and you are still left with a lot of additional land to build other homes or structures if you want.

If you want to see the numbers, contact me and I will be glad to share them with you.

Buyer Agents welcomed for a 3% commission.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 451 Walnut Ln

Interior Features

Interior Details
Basement
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Concrete

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Composition
Parking & Garage
Parking Spaces: 6Parking: Off Street

Property Information

Year Built
Year Built: 1972
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Lot Information

Lot Area: 12.00 acres

Price History for 451 Walnut Ln

DatePriceEventSource
03/09/2021ListingRemovedN/A
09/28/2020$230,000ListingRemovedN/A
09/28/2020$230,000PendingN/A
08/26/2020$230,000Listed For SaleN/A

Market trends in Vilas

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
50
12MoM
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Property Tax and Assessment

Year2020
Tax$29
Assessment$6,400
Home facts updated by county records

Homeowner tools

Estimated monthly rent$1,890/mo
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Homes for rent near 451 Walnut Ln

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Comparable Sales for 451 Walnut Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
612 Joe Shoemaker Road, Vilas, NC
1.56
Single-Family Home
$510,000
10/15/25
2
2
1,031
622 Sherwood Road, Vilas, NC
1.14
Single-Family Home
$235,000
08/28/25
2
1
936
297 W Circle Drive, Vilas, NC
1.28
Single-Family Home
$385,000
07/17/25
3
2
2,082
207 Georges Gap Rd, Sugar Grove, NC
1.70
Single-Family Home
$370,000
11/13/25
3
1
904
205 Old US Highway 421, Sugar Grove, NC
1.49
Single-Family Home
$950,000
09/15/25
3
3
3,116
265 Georges Gap Rd, Sugar Grove, NC
1.48
Single-Family Home
$170,000
11/13/25
2
1
934
2322 Bairds Creek Rd, Vilas, NC
2.11
Single-Family Home
$265,000
04/02/26
2
2
576
195 Willard Johnson Rd, Vilas, NC
2.16
Single-Family Home
$375,000
02/02/26
3
2
1,248
205 Burl Lawrence Road, Vilas, NC
1.70
Single-Family Home
$155,000
12/15/25
2
1
1,208
403 Linville Creek Road, Vilas, NC
1.79
Single-Family Home
$555,000
07/03/25
3
2
1,972

Nearby homes

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Assigned Schools

These are the assigned schools for 451 Walnut Ln.
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The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Vilas

At least 11 Trulia users voted on each feature.

  • 100 % Say yards are well-kept

  • 92 % Say there's holiday spirit

  • 92 % Say there's wildlife

  • 87 % Say car is needed

  • 82 % Say parking is easy

  • 73 % Say it's quiet

  • 58 % Say neighbors are friendly

  • 56 % Say it's dog friendly

  • 46 % Say kids play outside

  • 46 % Say people would walk alone at night

  • 44 % Say they plan to stay for at least 5 years

  • 31 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Kristen Vitale
    "It’s a very rural area. For the most part, properties here have a yard, so there is a space right at home for your dog - no need to try to locate dog parks or anything like that"
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  • Kristen Vitale
    "This street is off of a main route with heavy traffic. There are no sidewalks, and I personally do not walk much around here because it doesn’t feel safe to walk on a road with a 55 mph speed limit, especially without sidewalks"
    0
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  • Kristen Vitale
    "We live on a main route that gets us where we need to go relatively quickly. Although we are out of the busyness of being in town, there are stores and gas stations along this man in route"
    0
    Flag
  • marcie0305
    "Lived here for 5 years. Peaceful, beautiful, close to anything you could want or need with Boone & App State close by. Can't say enough."
    0
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Apartments for Rent

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Homes for sale near 451 Walnut Ln

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Off Market Homes Near 451 Walnut Ln

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451 Walnut Ln, Vilas, NC 28692 is a 2 bedroom, 2 bathroom, 1,230 sqft single-family home built in 1972. This property is not currently available for sale.