Property listing for 1703 Raeford Rd, Fayetteville, NC 28305
For SaleSingle Family Home

$575,000

1703 Raeford Rd, Fayetteville, NC 28305

Sprawling Haymount Traditional on a 0.61-Acre Corner Lot

4 Bed · 4.5 Bath · 3,552 Sq Ft

Classic 1941 brick-veneer home with finished basement and hardwoods

4

Beds

4.5

Baths

3,552

Sq Ft

1941

Built

0.61 acres

Lot

2-car attached carport

Garage

About 1703 Raeford Rd

What sets 1703 Raeford Rd apart is the combination of scale, provenance, and lot — a substantial 3,552-square-foot Traditional built in 1941 that occupies a prominent 0.61-acre corner site in Haymount. The brick-veneer façade and mature street presence give the house immediate curb appeal; step inside and the rhythm of hardwood floors, formal living and dining rooms, and a cozy fireplace reveal the home’s original character updated for everyday life.

The kitchen serves as an anchor for family activity: granite countertops surround a cooktop island designed for hands-on prep, and there’s ample cabinetry for storage. Formal rooms flank the central circulation, while a dedicated study adds a quiet place to work or read. Four bedrooms and four and a half baths are distributed across two stories, providing flexible arrangements for guests, multigenerational living, or a home office tucked away from main entertaining areas.

One of the most valuable assets here is the partially finished basement — a built-in secondary living area with its own kitchen set-up and full bath. That space can function as an au pair suite, in-law wing, long-term rental, or recreation zone with direct utility for household needs. Systems include central air and natural gas forced air; the roof is shingle. Parking is straightforward: a two-car attached carport plus a long driveway for extra vehicles.

Outside, the corner lot offers room to expand gardens, play areas, or an outdoor entertaining terrace while remaining within Haymount’s established streetscape. The house is being offered As-Is; prospective buyers should review inspection items and the property’s historic-neighborhood considerations. Practical highlights — hardwood floors through most rooms, granite counters, the basement’s extra living/kitchen area, and an oversized lot near city conveniences — make this a compelling opportunity for someone seeking a substantial home with both period detail and multi-use potential.

Positioned minutes from Cross Creek Mall, Cape Fear Valley Medical Center, and Fayetteville Technical Community College, the home sits within a walkable, amenity-rich pocket of Fayetteville. Whether you’re attracted to the neighborhood’s steady appreciation or the flexible floorplan and lot, 1703 Raeford Rd rewards a buyer with vision and an appreciation for classic Haymount character.

Home Highlights

Spacious 3,552 SF with period details and updated kitchen0.61-acre corner lot in desirable HaymountPartially finished basement with separate kitchen and bathHardwood floors through most of the homeGranite countertops and cooktop islandAttached 2-car carport with ample driveway parkingClose to top-rated elementary and middle schools

Property Features

Interior Features

  • 4 bedrooms and 4.5 bathrooms
  • Hardwood floors throughout most rooms
  • Formal living and dining rooms
  • Study / home office
  • Granite countertops
  • Cooktop island in kitchen
  • Fireplace
  • Partially finished basement with full bath and kitchen area

Exterior & Lot

  • 0.61-acre corner lot
  • Brick veneer construction
  • Shingle roof
  • Attached 2-car carport plus driveway parking
  • Level topography with mature landscaping potential
  • Frontage on Raeford Rd

Location & Neighborhood

  • Haymount neighborhood — historic, established streetscape
  • Cross Creek Mall (approx. 2.5 miles)
  • Cape Fear Valley Medical Center (approx. 1.8 miles)
  • Fayetteville Technical Community College (approx. 2.2 miles)
  • Airborne & Special Operations Museum and Festival Park nearby
  • Cumberland County Schools district

Walkability & Recreation

  • Walkability Rating: 65/100 — Some walkable amenities
  • Nearby parks and green spaces (Festival Park, neighborhood parks)
  • Hiking and biking routes and museum trails within 2 miles
  • Golf courses within the broader Fayetteville area
  • Running/walking paths and neighborhood sidewalks
  • Community recreation facilities and cultural anchors nearby

Neighborhood & Location

Haymount is one of Fayetteville’s most established neighborhoods, prized for mature trees, brick-veneer homes, and walkable streets. Residents value proximity to shopping, healthcare, and cultural destinations — Cross Creek Mall, Cape Fear Valley Medical Center, Festival Park, and the Airborne & Special Operations Museum are all minutes away. Local schools receive strong ratings at the elementary and middle levels, and the area sustains a friendly, small-community feel while remaining convenient to city-wide transportation corridors. Haymount’s steady appreciation and architectural variety attract buyers who want character and civic access in equal measure.

Market Insights

Haymount currently sits in a tightly balanced market that modestly favors sellers. Inventory in the area is roughly 2.5 months — low enough to keep upward pricing pressure but not so scarce as to create bidding-war conditions. The neighborhood’s median sale price is near $450,000, while nearby comparables for traditional single-family homes have closed between roughly $290,000 and $500,000 in the last 12 months; those sales posted price-per-square-foot metrics from about $106 to $156. Average days on market in Haymount runs near 35 days, reflecting steady demand and relatively quick sales when homes are well-priced and show ready.

Single-family homes, particularly larger, historic properties with generous lots, perform especially well here because of limited supply and the draw of top-rated elementary and middle schools. For buyers, this means a realistic window to negotiate but also the need to move decisively once a property meets inspection and financial criteria. Given the property’s size, corner lot, and partially finished basement, 1703 Raeford Rd aligns with buyer priorities in this micro-market and represents an attractive entry point relative to the market-based valuation range of $550,000–$600,000. Sellers should anticipate competitive interest; buyers should plan for timely due diligence including roof, HVAC, and basement condition verifications.

Nearby Schools

Vanstory Hills Elementary

Elementary

9/10

R Max Abbott Middle

Middle

7/10

Terry Sanford High

High

6/10

Walkability & Recreation

65
Walkability
78
Recreation

Very good access to outdoor recreation with Festival Park and local green spaces within 2 miles, cultural walking routes around the Airborne & Special Operations Museum, plus nearby golf and multi-use trails for running, biking, and leisure.

Investment Highlights

  • Significant appreciation since last sale in 2023
  • Desirable Haymount neighborhood with historic charm
  • Spacious 0.61-acre corner lot
  • Partially finished basement with additional living space and kitchen area
  • Proximity to shopping, medical facilities, and educational institutions

Key Findings

  • Assessed value of $572,676 aligns with market estimate
  • Zoned SF15 - Single Family Residential 15
  • 4 bedrooms, 4.5 bathrooms, 3,552 SF of living space
  • Built in 1941 with classic architectural features
  • Located in Haymount neighborhood with strong community ties

Things to Consider

  • Built in 1941 — potential for aging infrastructure
  • Partially finished basement may require updates
  • Corner lot may have increased exposure to traffic noise
  • Historic neighborhood may have preservation guidelines affecting renovations
  • Property is being sold As-Is, indicating potential for deferred maintenance

Opportunity Analysis

Well-maintained traditional home in a historic neighborhood with significant appreciation potential. Spacious lot and proximity to amenities enhance desirability. Potential for further value addition through updates to basement and infrastructure.

Potential Use Scenarios

  • Potential primary residence in a desirable neighborhood
  • Opportunity for value addition through basement updates
  • Consideration for rental income potential given proximity to educational institutions

Risk Factors

  • Aging infrastructure may require updates
  • Historic preservation guidelines may limit renovation options
  • As-Is sale indicates potential for deferred maintenance

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

AI Valuation Estimate

Low

$550K

Midpoint

$575K

High

$600K

$162/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 12 months. Adjusted for size, condition, and lot size. Assessed value of $572,676 aligns with market estimate.

As of 2026-03-08

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$450,000
Avg Days on Market35 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$65,000

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

Nearby Points of Interest

  • Cross Creek Mall (2.5 mi)
  • Cape Fear Valley Medical Center (1.8 mi)
  • Fayetteville Technical Community College (2.2 mi)
  • Festival Park (1.5 mi)
  • Airborne & Special Operations Museum (1.7 mi)

Conveniently located near shopping centers, medical facilities, educational institutions, and cultural attractions. Easy access to major highways and public transportation.

School District

DistrictCumberland County Schools
ElementaryVanstory Hills Elementary (9/10)
MiddleR Max Abbott Middle (7/10)
HighTerry Sanford High (6/10)

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

Property Details

Building Details

Year Built1941
Constructionbrick veneer
Stories2
Roofshingle
Heatingforced air, natural gas
Coolingcentral air
Basementpartially finished
FireplaceYes
Conditionaverage

Lot & Site

Lot Size0.61 acres (26,572 SF)
Topographylevel
Parkingattached_carport
Parking Spaces6
FrontageCorner lot with frontage on Raeford Rd

Utilities

Waterpublic
Sewerpublic
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeSF15
DescriptionSingle Family Residential 15
JurisdictionCity of Fayetteville

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$572,676
Land$170,910
Improvements$401,766
Annual Tax (2025)$5,176

Sale History

2023-05-25$365,000

$103/SF

Arm's length transaction

2021-10-20$396,000

$111/SF

Foreclosure sale

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