Property listing for 1519 3rd St NW, Hickory, NC 28601
For SaleSingle Family Home

$262,500

1519 3rd St NW, Hickory, NC 28601

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

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

About 1519 3rd St NW

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.

Home Highlights

Updated kitchen (2023)New HVAC installed in 2022Hardwood floors throughout0.31-acre level lot with mature landscaping1-car attached garage and driveway parkingShort distance to Oakwood Elementary and downtown HickoryEstimated market value midpoint: $262,500Balanced, quick-moving Oakwood market

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Oakwood Elementary

Elementary · 0.5 mi

7/10

Northview Middle

Middle

6/10

Hickory High

High

5/10

Walkability & Recreation

65
Walkability
75
Recreation

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.

Investment Highlights

  • Updated kitchen (2023) and new HVAC (2022) reduce near-term capex
  • Oakwood neighborhood has seen steady appreciation over the past 5 years
  • Proximity to downtown Hickory's dining and retail
  • 0.8 miles to Hickory City Park — access to recreational facilities
  • 0.31-acre lot provides ample outdoor space

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)

Things to Consider

  • Built in 1957 — foundation, plumbing, and electrical systems should be inspected
  • Roof age unknown — asphalt shingle roofs typically last 20-25 years
  • Hickory High School rated 5/10 — may impact family buyer interest

Opportunity Analysis

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.

Potential Use Scenarios

  • Potential primary residence in walkable neighborhood
  • Spacious lot allows for outdoor enhancements or potential expansion
  • Comparable rentals suggest estimated rent of $1,500/mo if used as investment property

Risk Factors

  • 1957 construction — hidden maintenance costs possible
  • School ratings may deter some family buyers
  • Roof condition unknown — potential near-term replacement needed

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$250K

Midpoint

$263K

High

$275K

$180/SF estimated price per square foot

82% confidence

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.

Market & Area Data

Market Trends

Area Median Price$250,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$60,000

Oakwood neighborhood has seen steady appreciation over the past 5 years. Walkability Rating estimate: 65/100.

Nearby Points of Interest

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

Proximity to downtown Hickory's dining and retail, Oakwood Elementary School, and recreational facilities at Hickory City Park.

School District

DistrictHickory City Schools
ElementaryOakwood Elementary (7/10)
MiddleNorthview Middle (6/10)
HighHickory High (5/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1957
Constructionwood frame
Stories1
Roofasphalt shingle
Heatingforced air gas
Coolingcentral AC
Basementnone
FireplaceNo
Conditiongood

Lot & Site

Lot Size0.31 acres (13,504 SF)
Topographylevel
Parkingattached_garage_and_driveway
Parking Spaces2
Frontage60 ft frontage on 3rd St NW

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeR-3
DescriptionSingle Family Residential
JurisdictionCity of Hickory

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$213,200
Land$23,300
Improvements$189,900
Annual Tax (2025)$1,820

Sale History

2015-06-15$185,000

$127/SF

Arm's length transaction

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