This investment property offers a solid opportunity with over three acres of land in a peaceful rural location just outside of Benson. The property includes a well-maintained home with ample living space and the potential for future improvements or expansion. The large lot provides various options for enhancing the property's value, whether through landscaping, additional structures, or maximizing the space for outdoor use. The home is conveniently located near local shops, restaurants, and schools, with easy access to major highways for commuting or travel. This makes the property an attractive option for long-term rentals or flipping opportunities. Additionally, the peaceful surroundings and proximity to Benson's growing community offer significant appeal to potential renters or future buyers. With the potential for both short- and long-term returns, this property offers a promising investment in an area with strong community ties and local growth. Photos have been virtually staged to show the properties potential.
Single-familyProperty Type
1961Year Built
3.71 acresLot Size
$158Price/Sq.Ft.
2 spacesParking
Listed by Delphine Camara• Keller Williams Realty Cary
Directions: From The Paisley Barn (7585 Old Fairground Rd), head southwest on Old Fairground Rd for about 0.5 miles. 7540 Old Fairground Rd will be on the right.
Subdivision Name: Not In Subdivision
Public facts
Beds: 4
Baths: 3.0
Finished Sq. Ft.: 3,080
Unfinished Sq. Ft.: —
Total Sq. Ft.: 3,080
Stories: 1.0
Lot Size: 3.71 acres
Style: Single Family Residential
Year Built: 1961
Year Renovated: 1974
County: Johnston County
APN: 13C05047
Home facts updated by county records on Aug 31, 2026
Other
Listing Information
List AOR: Cape Fear Realtors MLS, Inc.
Sale and tax history for 7540 Old Fairground Rd
Sale History
Tax History
Date
Event
Price
ForSaleByOwner.com #24407117
Jun 4, 2026
Listed
$400,000
$158/sq ft
Discover the perfect blend of space, privacy, and flexibility in this rare dual-residence property. Situated on a sprawling 3.71-acre lot with no HOA, this estate offers a combined 3,080 sq. ft. of living space split between a spacious main home and a fully equipped detached guest house. Whether you need a true in-law suite, a private home office, or a rental opportunity, this property delivers. Main Residence The primary home provides a functional and roomy layout for the whole family: Interior: 4 Bedrooms and 3 Full Bathrooms. Layout: Generous living areas including a family room and dining space. Comfort: First-floor primary suite options and ample natural light throughout. Detached In-Law Quarters A standout feature of this property is the separate, independent secondary home: Living Space: 1 Bedroom and 1 Full Bathroom. Full Kitchen: Includes its own cooking and dining area for total autonomy. Versatility: Ideal for multi-generational living, long-term guests, or a professional studio. The Grounds & Location 3.71 Acres: Massive, flat acreage offering privacy and room for gardening, animals, or workshops. No HOA: Freedom to park your boat, RV, or equipment without restrictive covenants. Parking: Features a 2-car carport and a large driveway for multiple vehicles. Convenience: Enjoy peaceful rural living just minutes from downtown Benson and easy access to I-40/I-95. Property Summary Total Living Area: 3,080 Combined Sq. Ft. Main House: 4 BR / 3 BA Guest House: 1 BR / 1 BA + Full Kitchen Lot Size: 3.71 Acres Key Perks: Detached ADU, No HOA, Massive Private Lot To make this even better, could you tell me: Are there any recent upgrades (new roof, HVAC, flooring)? Does the property have any outdoor extras (fencing, a shed, or a deck)? Are you aiming for a specific price point? I can adjust the tone to be more luxury-focused or practical/investment-focused based on your needs!
TMLS #10154481
May 13, 2026
Listing Removed
—
Apr 23, 2026
Pending
—
Apr 16, 2026
Price Changed
$400,000
$158/sq ft
Mar 20, 2026
Listed
$450,000
$178/sq ft
Hive MLS #100561731
Apr 23, 2026
Pending
—
Apr 16, 2026
Price Changed
$400,000
$158/sq ft
Mar 20, 2026
Listed
$450,000
$178/sq ft
Public Records
Jun 1, 2001
Sold
$170,000
$67/sq ft
Public Records
Dec 1, 1998
Sold
$120,000
$47/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$2,056 (−1.6%)
$111,300 + $217,690
$328,990
2025
$2,089 (+27.2%)
$111,300 + $217,690
$328,990
2024
$1,642 (+3.8%)
$52,870 + $149,880
$202,750
2023
$1,581 (−4.9%)
$52,870 + $149,880
$202,750
2022
$1,663 (+2.5%)
$52,870 + $149,880
$202,750
2021
$1,622 (−3.6%)
$52,870 + $149,880
$202,750
2020
$1,683 (−1.3%)
$52,870 + $149,880
$202,750
2019
$1,705 (+14.0%)
$52,870 + $149,880
$202,750
2018
$1,495
$41,740 + $130,480
$172,220
2017
$1,495 (−0.5%)
$41,740 + $130,480
$172,220
2016
$1,502 (−0.2%)
$41,740 + $130,480
$172,220
2014
$1,505 (−1.3%)
$41,740 + $130,480
$172,220
2013
$1,525
$41,740 + $130,480
$172,220
2012
$1,526 (+4.3%)
$41,740 + $130,480
$172,220
2011
$1,464
$41,740 + $130,480
$172,220
Public record
Public record
Zoning
Beds
4
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
3.71 Acres
Year renovated
1974
Finished Sq. Ft.
3,080
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,080
Year built
1961
Style
Single Family Residential
County
Johnston County
APN
13C05047
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 31, 2026.
AR
Agricultural-Residential District
The agricultural-residential district (AR) is intended to encourage the continuance of agricultural uses as well as to ensure that residential development will occur at sufficient densities to provide for a range of housing opportunities throughout the county. Further, it is the intention of the regulations of this district to ensure that residential development having access and connecting to public water and sanitary sewer systems will occur within a healthful environment.
Permitted uses
Include but are not limited to:
Community / recreation center
Religious facility
Housing-Single unit
Housing-Multiple units
Infrastructure
Educational/school
Library
Cemetery
Housing-Mobile home park
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
6/10 Wind Factor
67% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Benson, NC • 27504
Average low and high temperatures (°F)
49
28
55
35
71
45
77
54
79
60
89
69
91
73
84
68
81
64
72
52
66
44
55
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7540 Old Fairground Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $365,000 and $499,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $365K to $499K.