Property will need a new septic system. Due to soil conditions it will most likely have to be above ground. This 3 bed & 3 full bath home offers a unique investment opportunity for those looking to flip a fixer-upper or add to their rental portfolio. Despite being affected by a hurricane with the flooding of the left side of the property 5 years ago. This property was updated before the flood and mainly needs structural work to be brought back to life. It has the potential to be a great investment with the right renovations. Whether you're looking to flip for profit or rent for passive income to students at the local university, the property has the potential to deliver a strong return on investment. This property is being sold as-is with the buyer interested in cash offers. Property is not in a flood zone was just effected from hurricane Matthew. Bring Offers!
Single-familyProperty Type
1948Year Built
0.32 acresLot Size
$80Est. Price/Sq.Ft.
Listed by Christian Jacobsen• Sewell Realty Group
Bought with Lesly Penick• JA REALTY & CONSULTING LLC
Property will need a new septic system. Due to soil conditions it will most likely have to be above ground. This 3 bed & 3 full bath home offers a unique investment opportunity for those looking to flip a fixer-upper or add to their rental portfolio. Despite being affected by a hurricane with the flooding of the left side of the property 5 years ago. This property was updated before the flood and mainly needs structural work to be brought back to life. It has the potential to be a great investment with the right renovations. Whether you're looking to flip for profit or rent for passive income to students at the local university, the property has the potential to deliver a strong return on investment. This property is being sold as-is with the buyer interested in cash offers. Property is not in a flood zone was just effected from hurricane Matthew. Bring Offers!
Year
Property tax
Land + Additions
Assessment*
2025
$881 (+19.0%)
$15,000 + $101,130
$116,130
2024
$741 (+2.9%)
$15,000 + $101,130
$116,130
2023
$720
$10,200 + $72,900
$83,100
2022
$720 (+4.2%)
$10,200 + $72,900
$83,100
2021
$691 (+5.6%)
$10,200 + $72,900
$83,100
2020
$655
$10,200 + $72,900
$83,100
2019
$655 (+0.4%)
$10,200 + $72,900
$83,100
2018
$652
$10,200 + $72,900
$83,100
2017
$652
$9,600 + $73,170
$82,770
2016
$652 (−0.2%)
$9,600 + $73,170
$82,770
2015
$653 (−0.2%)
$9,600 + $73,170
$82,770
2014
$654
$9,600 + $73,170
$82,770
2013
$655
$9,600 + $73,170
$82,770
Tax history for 1078 Old Smith Chapel Rd
Year
Property tax
Land + Additions
Assessment*
2025
$881 (+19.0%)
$15,000 + $101,130
$116,130
2024
$741 (+2.9%)
$15,000 + $101,130
$116,130
2023
$720
$10,200 + $72,900
$83,100
2022
$720 (+4.2%)
$10,200 + $72,900
$83,100
2021
$691 (+5.6%)
$10,200 + $72,900
$83,100
2020
$655
$10,200 + $72,900
$83,100
2019
$655 (+0.4%)
$10,200 + $72,900
$83,100
2018
$652
$10,200 + $72,900
$83,100
2017
$652
$9,600 + $73,170
$82,770
2016
$652 (−0.2%)
$9,600 + $73,170
$82,770
2015
$653 (−0.2%)
$9,600 + $73,170
$82,770
2014
$654
$9,600 + $73,170
$82,770
2013
$655
$9,600 + $73,170
$82,770
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.32 Acres
Year renovated
1975
Sq. Ft.
1,488
Year built
1948
Style
Single Family Residential
County
Wayne County
APN
2562872661
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 8, 2026.
Jul 29, 2026 • Final
Building (residential) - new
New construction
May 6, 2024 • Final
Septic - existing system septic (reconnect)
Gas
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: Driveway, Gravel, Unpaved
Interior
Bathroom Information
Bathrooms Full: 3
Bedroom Information
Bedrooms Total: 3
Interior Features
Appliances: Electric Water Heater
Fireplace: Yes
Fireplaces Total: 1
Flooring: Carpet, Hardwood
Room Information
Crawl Space
Exterior
Building Information
Construction Materials: Vinyl Siding
Building Area Total: 1449.0
Structure Type: Site Built
Property information
Above Grade Finished Area: 1449.0
Below Grade Finished Area: 0.0
Levels: One
Ownership Type: Other
Lot Information
Lot Size Acres: 0.32
Lot Size Area: 0.32
Lot Size Dimensions: See Plate
Lot Size Square Feet: 13939.2
Lot Size Units: Acres
Financial
Tax Information
Tax Annual Amount: 691.0
Financial Information
Buyer Financing: Cash
Utilities
Heating & Cooling
Heating: Yes
Heating Information: Electric, Heat Pump
Cooling: Yes
Cooling Information: Central Air
Location
HOA Information
Association: No
Association Fee: 0.0
Association Fee 2: 0.0
School Information
Elementary School: Wayne - Carver
Middle Or Junior School: Wayne - Mount Olive
High School: Wayne - Southern Wayne
Location Information
County Or Parish: Wayne
Directions: Turn right onto Old Smith Chapel right before creek bring property on left. Behind small trees and brush.
Latitude: 35.196389
Longitude: -78.102019
Postal Code: 28365
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,488
Stories: 1.0
Lot Size: 0.32 acres
Style: Single Family Residential
Year Built: 1948
Year Renovated: 1975
County: Wayne County
APN: 2562872661
Home facts updated by county records on Oct 8, 2026
Other
Listing Date Information
Contract Status Change Date: 2023-03-08
Documents Change Timestamp: 2024-06-15T01:51:24Z
Photos Change Timestamp: 2023-09-15T20:17:04Z
Price Change Timestamp: 2023-03-08T23:45:00Z
Listing Price Information
Previous List Price: 39000.0
Around this home
Schools
K - 12
Preschool & daycare
Mount Olive Middle School
Public 5-8 • Assigned • 1.7mi
7/10
Southern Wayne High School
Public 9-12 • Assigned • 5.1mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
7/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 106° expected this year, 17 days in 30 years
8/10 Wind Factor
80% 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
Mount Olive, NC • 28365
Average low and high temperatures (°F)
50
30
56
37
71
47
77
55
80
61
89
69
91
73
83
68
82
64
72
52
67
45
55
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 5.3 hours in December, which is comparable to the
U.S. average for solar exposure.
9.2 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$110,000 – $133,000
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