$262,500
3 Bed · 1 Bath · 1,458 Sq Ft
Hardwood floors, 2023 kitchen, new HVAC — steps from Oakwood Elementary
3
Beds
1
Baths
1,458
Sq Ft
1957
Built
0.31 acres
Lot
1-car attached
Garage
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.
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.
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.
Oakwood Elementary
Elementary · 0.5 mi
Northview Middle
Middle
Hickory High
High
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.
Well-maintained ranch in desirable Oakwood neighborhood with recent renovations and below-assessed-value pricing. Strong appreciation trends and proximity to downtown amenities suggest solid investment potential.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$250K
Midpoint
$263K
High
$275K
$180/SF estimated price per square foot
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.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Oakwood neighborhood has seen steady appreciation over the past 5 years. Walkability Rating estimate: 65/100.
Proximity to downtown Hickory's dining and retail, Oakwood Elementary School, and recreational facilities at Hickory City Park.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$127/SF
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