Property Description:
This 1,925 sq ft 3-bed, 2-bath ranch-style home sits on a 0.28-acre lot in Browns Summit, NC. Built in 1992, the property features a 2-car garage, stucco exterior, asphalt shingle roof, and block/concrete construction. The home has central electric HVAC (forced air heat and central air). Interior condition is dated and will require full cosmetic updating to bring to market standards.
🛠️ Dated Interior – Solid Bones with Cosmetic Rehab Needed
The home needs paint, flooring, kitchen and bath updates, fixtures, and general modernization throughout. Exterior appears structurally sound with stucco finish in fair condition, but landscaping clean-up is needed for curb appeal. Mechanical systems appear functional but should be tested during due diligence. Roof condition is unknown from photos and should be verified.
🔴 Recently Sold
· 1209 Foxhaven Dr – 1,471 sq ft, 3/2, built 2001 → Sold $348,220 ($237/sq ft) – updated, larger lot (1.15 acres)
· 7707 French Dr – 4,130 sq ft, 3/5, built 1999 → Sold $491,000 ($119/sq ft) – significantly larger, dated
· 7514 Fairhaven Rd – 2,018 sq ft, 3/3, built 2002 → Sold $375,000 ($186/sq ft) – updated, similar age, larger lot
· 7512 Oak Valley Ln – 2,277 sq ft, 3/2, built 1987 → Sold $472,510 ($208/sq ft) – updated, larger, 2.22-acre lot
· 3616 Millennium Dr – 3,144 sq ft, 4/4, built 2024 → Sold $507,130 ($161/sq ft) – new construction
This property is expected to attain an ARV of $325,000–$375,000, based on comparable updated homes in the area at $186–$237/sq ft. Due to the smaller lot size compared to some comps, targeting the lower to mid end of the range is realistic after a full cosmetic rehab. However, strong demand for well-maintained ranch-style homes in this Browns Summit submarket supports a confident flip or hold strategy with solid upside.