Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and lot size. Assessed value of $150,500 appears below market.
Spacious 5BR Fairview Park Home on 0.71-Acre Lot
What stands out first at 216 31st Ave NW is the property’s generous 0.71-acre yard — a rare, level parcel in Fairview Park framed by mature trees and classic mid-century homes. The single-family residence offers 2,551 sf across 1.5 stories, with five bedrooms and 2.5 baths laid out to support both active family life and quieter moments. Original wood floors and plantation shutters remain in key rooms, giving the home warmth and character alongside practical updates.
Inside, living spaces center around a gas fireplace and flexible floorplan that includes a partially finished basement — perfect for a recreation room, home office, or media area — plus an unfinished workshop/storage area for projects. The downstairs hallway received new hardwood in 2023, and the interior was refreshed with a coat of paint the same year. A water filtration system and modern HVAC/heat pump (installed 2023) reduce near-term maintenance needs, while a Lorex security system and Wi‑Fi thermostat add convenience.
Daily life extends outdoors: a screened porch overlooks the expansive backyard, and LeafGuard gutters help keep maintenance low. Covered parking is provided by an upper driveway carport with electricity; a lower driveway offers additional parking and access. Appliances — washer, dryer, refrigerator — convey with the sale, easing the move-in process.
Located less than two miles from Lake Hickory and minutes from downtown Hickory’s dining and cultural offerings, this home pairs neighborhood calm with easy access to parks, the Hickory Museum of Art, and regional arteries for commuting. With recent mechanical upgrades, a large lot offering expansion potential, and flexible living areas, 216 31st Ave NW is an appealing choice whether you’re seeking a long-term family home or a property with value-add possibilities.
See the properties helping shape the valuation.
Comparable sales
- 541 SF smaller
- 0.5 fewer bathrooms
- 6,969 SF smaller lot
- 8 years newer
- 1,159 SF smaller
- 2 fewer bedrooms
- 1.5 fewer bathrooms
- 15,681 SF smaller lot
- 9 years newer
- 552 SF larger
- 2 fewer bedrooms
- 0.5 fewer bathrooms
- 9,148 SF larger lot
- 4 years newer
A 1951 traditional on 0.71 acres.
Building
Site & utilities
Fairview Park
Researched nearby locations
Location
216 31st Ave NW, Hickory, NC 28601
Fairview Park is an established, tree-lined neighborhood known for classic mid-century homes and larger lots close to downtown Hickory. Residents enjoy quick access to Lake Hickory for water recreation, nearby parks, and cultural destinations such as the Hickory Museum of Art. The area feels residential and walkable for short errands, while downtown dining, shops, and everyday services are an easy drive. Families will note average public school ratings within the Hickory City Schools district and may explore private school options nearby.
Very good access to outdoor amenities with Lake Hickory just 1.5 miles away, Hickory City Park within 2 miles, and local green spaces and cultural attractions nearby for weekend outings.
A factual market snapshot around 216 31st Ave NW.
Fairview Park and the broader Hickory market are currently balanced, leaning neither strongly to buyers nor sellers. Local metrics show roughly 3.5 months of inventory and an average days-on-market near 68 days, indicating steady demand without aggressive upward pressure. Area median sale price sits around $343,000, with one-year appreciation near 4% and five-year appreciation around 15% — modest, consistent growth. Recent comparable sales within 0.5 miles fall roughly in a $375K–$425K range, supporting an estimated midpoint value near $400,000 for a well-maintained, larger-lot home like this one.
Single-family homes in this pocket of Hickory perform well when they combine lot size and usable living areas; this property’s 0.71-acre lot and partially finished basement are differentiators. Inventory is stable, not oversupplied, so thoughtfully priced homes with recent system upgrades (HVAC 2023, updated hot water and security) can attract qualified buyers without long marketing periods. For investors, estimated rental income near $2,000/month and a gross yield around 6% reflect moderate rental demand. Overall, this is a pragmatic market for buyers seeking value and for sellers who have completed sensible updates.
Single Family Residential
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 1 SF smaller
- 251 SF smaller
- 1 fewer bedroom
- 0.5 fewer bathrooms
What the research supports — and what is still worth verifying.
Key findings
- County assessor shows 2024 purchase at $340,000 ($133/SF) — current estimate $400,000 ($157/SF)
- Assessed value $150,500 (land $31,400, improvements $119,100) — annual taxes $2,254
- Zoned R-2 allowing single-family residences and accessory dwelling units
- 3 comparable sales within 0.5 miles in last 6 months range $375K–$425K
- Average days on market in Hickory: 68 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 regulations and any restrictions
- Professional home inspection
- Roof condition assessment
What stands out about this property.
Interior Features
- 5 bedrooms, 2.5 bathrooms
- 2,551 SF living space
- Original wood floors and plantation shutters
- Gas fireplace in main living area
- Partially finished basement with recreation space
- New hardwood in downstairs hallway (2023)
- Water filtration system (2023)
- Washer, dryer, and refrigerator convey
Exterior & Lot
- 0.71-acre level lot with mature trees
- Screened porch overlooking backyard
- Carport with electricity and additional lower driveway parking
- LeafGuard gutter protection
- Brick and wood-frame construction
- Shingle roof
Location & Neighborhood
- Fairview Park neighborhood
- 1.5 miles to Lake Hickory
- Minutes to downtown Hickory dining and shops
- Near Hickory Museum of Art and local parks
- Zoned R-2 (allows accessory dwelling units)
Walkability & Recreation
- Walkability Rating: 50/100 — Some walkable amenities
- Nearby parks and green spaces
- Lake Hickory (1.5 miles)
- Hickory City Park (2 miles)
- Hickory Museum of Art (3 miles)
- Catawba Valley Medical Center (4 miles)
Sources & research confidence.
See where the property research came from and how confidence varies by field.