1970 Built 3/1 on 0.83 Acres in Zebulon

This 3-bedroom, 1-bathroom home is situated on a 0.83-acre lot in a rural setting in Zebulon. Built in 1970, the property has 1,032 sq. ft. of living space but is currently in severe distress. The home lacks functioning electric and water service (currently heated by kerosene lamps) and requires a massive trash-out and deep cleaning. Some visible foundation cracks have been noted, but we are unsure of the severity. It could be superficial but will need to be looked at.

🛠️ Rehab Scope (Estimated)

• Professional inspection of cracks around the perimeter.
• Installation of a new roof, HVAC system, electrical work, and plumbing work
• Heavy Trash-Out: Removal of significant debris and accumulation to clear the property.
• Interior Gut: Full cosmetic renovation including drywall, insulation, flooring, and modern fixtures throughout.
• Utilities: Inspect and service private well/septic systems to restore water service.

🟣 Comparable Sales

1. 12471 Selma Rd – 4/2 | 2,309 sf | Sold $334,000 ($145/sf) | 01/06/2026 | 2023 Built | Condition: New Construction
2. 477 Creech Johnson Rd – 3/2 | 2,088 sf | Sold $242,000 ($116/sf) | 10/30/2025 | 1893 Built | Condition: Renovated Historic
3. 699 Creech Johnson Rd – 3/1 | 1,323 sf | Sold $90,000 ($68/sf) | Public Record | 1900 Built | Condition: Distressed/Fixer
4. 14952 NC 96 Hwy N – 2/1 | 726 sf | Est. Value $174,990 ($241/sf) | Off Market | 1966 Built | Condition: Dated/Standard

💰 ARV Analysis

The market data shows a clear split between distressed inventory and updated homes. While distressed properties like 699 Creech Johnson trade around $68/sf, new construction nearby (12471 Selma Rd) has established a ceiling of $145/sf for larger homes. Older renovated homes (477 Creech Johnson) are selling around $116/sf. Given the subject’s smaller size (1,032 sq. ft.), it should command a bit higher price-per-square-foot than the larger 2,000+ sq. ft. comps once fully renovated.

Estimated ARV: $155,000 – $170,000 +/-