$400,000
216 31st Ave NW, Hickory, NC 28601
Spacious 5BR Fairview Park Home on 0.71-Acre Lot
5 Bed · 2.5 Bath · 2,551 Sq Ft
Updated systems, large yard, screened porch — minutes to Lake Hickory
5
Beds
2.5
Baths
2,551
Sq Ft
1951
Built
0.71 acres
Lot
Carport and driveway
Garage
About 216 31st Ave NW
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.
Home Highlights
Property Features
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)
Neighborhood & Location
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.
Market Insights
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.
Nearby Schools
Jenkins Elementary
Elementary
Northview Middle
Middle
Hickory High
High
Walkability & Recreation
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.
Investment Highlights
- Recent HVAC system and other updates reduce near-term capital expenditures
- Large 0.71-acre lot offers potential for expansion or outdoor amenities
- Proximity to Lake Hickory (1.5 miles) enhances lifestyle appeal
- Partially finished basement provides additional living or recreational space
- Established neighborhood with mature trees and classic homes
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)
Things to Consider
- Built in 1951 — potential for aging infrastructure requiring maintenance
- School ratings are average, which may impact family buyer interest
- Assessed value significantly below market value, indicating potential for tax reassessment
Opportunity Analysis
Well-maintained home in an established neighborhood with recent updates and a large lot. Proximity to Lake Hickory and flexible living spaces enhance appeal. Balanced market conditions suggest stable investment potential.
Potential Use Scenarios
- Potential primary residence with ample space for family and guests
- Opportunity to add outdoor amenities or expand living space on large lot
- Partially finished basement could be fully finished to increase usable space
Risk Factors
- Potential maintenance costs associated with a 1951-built home
- Average school ratings may deter some family buyers
- Possibility of property tax reassessment due to low current assessed value
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$375K
Midpoint
$400K
High
$425K
$157/SF estimated price per square foot
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.
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
Demographics
Stable population with moderate income levels. Walkability Rating estimate: 50/100.
Nearby Points of Interest
- Lake Hickory (1.5 mi)
- Hickory City Park (2 mi)
- Hickory Museum of Art (3 mi)
- Catawba Valley Medical Center (4 mi)
Located in an established residential neighborhood with proximity to Lake Hickory, parks, and cultural amenities.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
Sale History
$133/SF
Arm's length transaction
$98/SF
Arm's length transaction
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