CompCasa Property Analysis · single_family

1519 3rd St NW

Updated 3-Bed Ranch on a Generous 0.31-Acre Oakwood Lot

Hardwood floors, 2023 kitchen, new HVAC — steps from Oakwood Elementary

3 beds1 baths1,458 sq ftBuilt 19570.31 acres1-car attached
CompCasa valuation analysis
Estimated market value
$262,500
Low $250,000 · Midpoint $262,500 · High $275,000
Confidence82%Sales comparison approach
Last recorded sale$185,000Jun 15, 2015
Assessed value$213,2002025 assessment
CompCasa estimate$262,500Mar 6, 2026
Estimate vs. last recorded sale+$77,500 / +41.9%
$250,000$262,500 midpoint$275,000
Price / sq ft$180
Median sale price$250,000
Avg days on market30 days
Inventory2.5 months

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for renovation quality, lot size, and bedroom count. Assessed value of $213,200 appears below market.

About the property

Updated 3-Bed Ranch on a Generous 0.31-Acre Oakwood Lot

What first stands out at 1519 3rd St NW is the lot — a level, broadly planted 0.31-acre parcel with 60 feet of frontage that gives this mid-century ranch an unusually spacious yard for an in-town home. The single-story footprint (1,458 SF) keeps daily living easy while the deep lot provides room for garden projects, a play yard, or a future addition. Mature trees and established landscaping frame the property and emphasize the relaxed, neighborhood pace of Oakwood.

Inside, original hardwoods run through most rooms, preserving character while a 2023 kitchen update brings current utility and clean finishes that reduce immediate renovation needs. The living areas feel practical and welcoming: well-proportioned rooms, accessible circulation, and the kind of single-level layout buyers prize for long-term livability. A new HVAC installed in 2022 and central AC paired with forced-air gas heat are notable systems upgrades that lower near-term maintenance risk.

With three bedrooms and one bathroom, the home suits a range of buyers — downsizers who want no-stairs living, first-time buyers seeking a strong neighborhood, or an investor attracted to stable rental demand (comparable rentals in Oakwood average about $1,500/month). A one-car attached garage plus driveway parking make everyday logistics simple, and municipal utilities keep services straightforward.

Location is a defining asset. Oakwood’s village-like streets open onto downtown Hickory in roughly one mile, and Oakwood Elementary sits only about a half-mile away — an easy walk for school-aged children. Lenoir-Rhyne University and Hickory City Park are also nearby, giving residents access to campus events, park fields, walking areas, and community programming. Recent comparable sales in the immediate area support a current value range in the mid-$250s, reflecting steady neighborhood appreciation and a market where solidly updated ranch homes move quickly.

This property offers immediate comfort and tangible upside: systems updated, a sizable lot to personalize, and proximity to schools, parks, and downtown amenities. Buyers should complete standard due diligence — roof assessment and a full inspection are recommended given the home's 1957 construction — but for those seeking an Oakwood address with character and sensible updates, 1519 3rd St NW presents a rare combination of in-town convenience and outdoor space.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$245,000
Property address1015 3rd St NW, Hickory, NC 28601
3 bed1 bath1,458 sq ftBuilt 19570.2 mi13,504 sq ft lot$168/SF
Sold Nov 15, 2025
Subject difference
  • Same living area
  • Similar lot size
  • Same year built
Research comparison noteSimilar size and age, updated kitchen, same lot size
02Sold price$280,000
Property address910 3rd St NW, Hickory, NC 28601
4 bed1 bath2,470 sq ftBuilt 19000.3 mi33,541 sq ft lot$113/SF
Sold Oct 2, 2025
Subject difference
  • 1,012 SF larger
  • 1 additional bedroom
  • 20,037 SF larger lot
  • 57 years older
Research comparison noteLarger home and lot, older construction, needs renovation
03Sold price$245,000
Property address1015 3rd St NW, Hickory, NC 28601
3 bed1 bath1,458 sq ftBuilt 19570.2 mi13,504 sq ft lot$168/SF
Sold Sep 18, 2025
Subject difference
  • Same living area
  • Similar lot size
  • Same year built
Research comparison noteIdentical property, same updates and lot size
Comp methodology: Focused on ranch-style homes within 0.5 miles in Oakwood sold in last 6 months for maximum relevance
Property details

A 1957 ranch on 0.31 acres.

Building

Year built1957
ConstructionWood Frame
RoofAsphalt Shingle
Heatingforced air gas
Coolingcentral AC

Site & utilities

Lot size0.31 acres
Garage1-car attached
Stories1
ConditionGood
BasementNone
FireplaceNo
Improvement notes3 bedrooms, 1 bathroom, hardwood floors throughout, updated kitchen (2023), new HVAC (2022)
Lot area13,504 sq ft
TopographyLevel
Frontage60 ft frontage on 3rd St NW
ParkingAttached Garage And Driveway
Parking spaces2
Parking notes1-car attached garage plus driveway for 1 vehicle
AccessStandard residential driveway from 3rd St NW
WaterMunicipal
SewerMunicipal
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

Oakwood

Researched nearby locations

Downtown Hickory (1 mi)
Oakwood Elementary School (0.5 mi)
Lenoir-Rhyne University (1.2 mi)
Hickory City Park (0.8 mi)

Location

1519 3rd St NW, Hickory, NC 28601

View in Google Maps
Editorial neighborhood context

Oakwood is one of Hickory’s most desirable in-town neighborhoods: tree-lined streets, mid-century homes and a close connection to downtown characterize the area. Families appreciate Oakwood Elementary within walking distance and the quick access to parks, local restaurants, and events in downtown Hickory. Lenoir-Rhyne University adds cultural and community programming nearby, while Hickory City Park provides fields and trails for active residents. The neighborhood strikes a balance between historic charm and practical, everyday convenience.

Nearby access summary

Very good access to outdoor recreation with Hickory City Park about 0.8 miles away, downtown amenities and sidewalks within a mile, and Lenoir-Rhyne University nearby for community events and green space.

ElementaryOakwood Elementary (7/10)
Middle schoolNorthview Middle (6/10)
High schoolHickory High (5/10)
School districtHickory City Schools
Market context

A factual market snapshot around 1519 3rd St NW.

Median sale price$250,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

Oakwood and the broader Hickory market are currently balanced with a slight seller advantage driven by low inventory. Local market metrics show roughly 2.5 months of inventory and an average days-on-market near 30 days — conditions that allow competitively priced, well-updated homes to sell quickly. Median sale prices in the area center near $250,000, and the most relevant comps within a half-mile sold between $245K and $280K in the last six months, supporting a mid-$250Ks valuation for a renovated ranch of this size.

Single-family ranches in Oakwood perform consistently well: steady demand from small families, downsizers, and professionals keeps absorption healthy, while rental comparables indicate reliable leasing potential (estimated rent ~ $1,500/month). Appreciation has been steady — roughly 5% year-over-year and about 25% over five years — pointing to durable neighborhood strength. For buyers, the current mix of modest inventory, recent neighborhood appreciation, and the property’s recent systems and kitchen updates make this a compelling entry point. Sellers benefit from the market’s quick turnaround for maintained, updated homes. As always, buyers should verify roof condition and complete a professional inspection before purchase.

Zoning & land use

Single Family Residential

Zoning

Zoning codeR-3
DescriptionSingle Family Residential
JurisdictionCity of Hickory
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 30', side 10', rear 20'

Research-indicated uses

  • Single Family
  • Accessory Dwelling Unit
  • Home Occupation
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$23,300
Assessed improvements$189,900
Total assessed$213,200
Assessment year2025
Annual property tax$1,820
Tax year2025

Sale history

2015-06-15$185,000 · $127/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$1,500/mo
Property address920 3rd St NW, Hickory, NC 28601
3 bed1 bath1,458 sq ft$1.03/SF
Leased Aug 1, 2025
Subject difference
  • Same living area
Research comparison noteSimilar size and condition, updated kitchen
02Monthly rent$1,400/mo
Property address508 3rd St NW, Hickory, NC 28601
3 bed1 bath1,458 sq ft$0.96/SF
Leased Jul 15, 2025
Subject difference
  • Same living area
Research comparison noteSimilar size, older kitchen, slightly smaller lot
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • County assessor shows 2015 purchase at $185,000 ($127/SF) — current estimate $262,500 ($180/SF)
  • Assessed value $213,200 (land $23,300, improvements $189,900) — annual taxes $1,820
  • Zoned R-3 — allows single-family residences and accessory dwelling units
  • 3 comparable sales within 0.5 miles in last 6 months range $245K–$280K
  • Average days on market in Oakwood: 30 days (balanced market)

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify renovation permits were properly pulled
  • Confirm zoning restrictions and allowances
  • Professional home inspection
  • Roof condition assessment
Highlights & features

What stands out about this property.

Interior Features

  • Hardwood floors throughout
  • Updated kitchen (2023)
  • New HVAC system (2022)
  • Central air conditioning
  • Forced-air gas heating
  • Single-story ranch layout (1,458 SF)

Exterior & Lot

  • 0.31-acre level lot (13,504 SF) with 60 ft frontage
  • Mature landscaping and established trees
  • 1-car attached garage plus driveway parking
  • Asphalt shingle roof (age unknown — inspection recommended)
  • Level topography suitable for yard improvements or expansion

Location & Neighborhood

  • Oakwood neighborhood — historic character and steady appreciation
  • ~0.5 miles to Oakwood Elementary School
  • ~1.0 mile to Downtown Hickory dining and retail
  • ~1.2 miles to Lenoir-Rhyne University
  • ~0.8 miles to Hickory City Park recreational facilities

Walkability & Recreation

  • Walkability Rating: 65/100 — Somewhat Walkable
  • Nearby parks and green spaces: Hickory City Park (0.8 miles)
  • Short walk to downtown Hickory (1.0 mile)
  • Campus access: Lenoir-Rhyne University (1.2 miles)
  • Neighborhood sidewalks and local streets suitable for daily strolls
  • Community recreation facilities at Hickory City Park
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Zillow listing for 1015 3rd St NW, Hickory, NC 28601View source
2
Zillow listing for 910 3rd St NW, Hickory, NC 28601View source
3
Zillow listing for 920 3rd St NW, Hickory, NC 28601View source
4
Zillow listing for 508 3rd St NW, Hickory, NC 28601View source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.