Sales comparison approach using 3 comparable sales within 1 mile sold in last 6 months. Adjusted for lot size, condition, and additional features. Assessed value of $227,300 appears below market.
Brick Ranch on 1.26 Acres with Walk-Out Basement & Bonus Space
What sets 2203 Longwood Ave apart is the scale of the yard: a level, 1.26-acre parcel surrounding a solid brick ranch that invites both straightforward living and serious imagination. This 1969 brick home delivers nearly 3,000 square feet under one roof — three bedrooms, three bathrooms, a working fireplace and a generous 528 sq. ft. enclosed bonus area that can serve as a home office, playroom, studio, or multigenerational hub.
Step inside and you’ll notice comfortable, lived-in spaces suited to everyday family life. The main level is practical and roomy; a gas heat pump provides central climate control, and a partially finished walk-out basement with its own entrance dramatically expands the property’s possibilities. That lower level is an immediate candidate for an in-law suite or rental unit, especially since the City’s RA zoning supports accessory dwelling use — a meaningful plus for buyers seeking rental income or flexible living arrangements.
Outdoor life is a highlight here. The long driveway and one-car attached garage leave ample room for cars, trailers, or toys; the broad yard has space for future landscaping projects, a workshop, a pool, or simply wide-open play areas. The shingle roof, brick construction, and classic ranch footprint speak to durable, low-maintenance bones, while the interior presents a clear canvas for cosmetic updates and systems work (roof and HVAC should be verified per listing notes).
Location ties everything together: this property sits in Temple Terrace with Downtown Sanford just about two miles away for dining, events, and community life, San-Lee Park three miles out for larger outdoor activities, and Central Carolina Community College 2.5 miles from the front door. With an assessed value that historically sits below market and an estimated market midpoint near $310,000, 2203 Longwood Ave appeals to buyers who want space, flexibility, and a tangible path to add value — whether through modest renovations, an ADU conversion in the walk-out basement, or landscape and outdoor enhancements. Sold as-is and priced with potential in mind, this ranch rewards buyers who can envision the next chapter.
See the properties helping shape the valuation.
Comparable sales
- 1,483 SF smaller
- 1.5 fewer bathrooms
- 14,810.6 SF smaller lot
- 5 years older
- 1,106 SF smaller
- 34,885.6 SF smaller lot
- 34 years newer
- 1,457 SF smaller
- 1 fewer bathroom
- 33,105.6 SF smaller lot
- 3 years older
A 1969 ranch on 1.26 acres.
Building
Site & utilities
Temple Terrace
Researched nearby locations
Location
2203 Longwood Ave, Sanford, NC 27330
Temple Terrace is a quiet, established residential neighborhood with easy access to Downtown Sanford’s shops, eateries, and community events just two miles away. Residents benefit from nearby recreational options such as San-Lee Park, plus educational institutions including Central Carolina Community College. The area blends suburban lot sizes with a small-town feel: long yards, mature trees, and streets designed for family living. Buyers who appreciate space and proximity to local amenities will find Temple Terrace a practical, community-oriented choice.
Good access to parks and community recreation — San-Lee Park is about 3 miles away, downtown Sanford amenities are 2 miles out, and neighborhood open space provides room for yard-based recreation and future outdoor projects.
A factual market snapshot around 2203 Longwood Ave.
Sanford’s single-family market is currently balanced, favoring neither buyer nor seller strongly. Local data shows roughly 3.5 months of inventory and an average days-on-market near 90 — indicators of steady demand without the volatility of a hot seller’s market. Median sale price in the area is approximately $326,000 and year-over-year appreciation is modest (+1.4%), while longer-term growth over five years is healthy (~15%).
Comparable sales on Longwood Avenue over recent months range from roughly $122K (older sale) to $246K and higher, with price-per-square-foot figures varying significantly by age and condition. For 2203 Longwood Ave — a large-lot brick ranch with nearly 3,000 SF and a walk-out basement — valuation models place a fair market midpoint near $310,000. For investors, estimated monthly rent near $2,000 and a gross rental yield around 7.7% make this property competitive in the local rental market, particularly if the lower level is converted to a separate unit. For owner-occupiers, the sizable lot and flexibility for expansion make now a reasonable time to buy while the market remains measured and renovation costs can translate into long-term equity gains. Due diligence should focus on system ages, roof condition, and confirming zoning/ADU requirements.
Residential Agricultural
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
- 1,106 SF smaller
- 1,457 SF smaller
- 1 fewer bathroom
What the research supports — and what is still worth verifying.
Key findings
- County assessor shows 2016 purchase at $162,000 ($88/SF) — current estimate $310,000 ($104/SF)
- Assessed value $227,300 — annual taxes $3,064
- Zoned RA — Residential Agricultural, allowing single-family and accessory dwelling units
- Comparable sales within 1 mile in last 6 months range $290K–$330K
- Average days on market in Sanford: 90 days (balanced market)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify condition of roof and HVAC systems
- Confirm zoning restrictions and allowable uses
- Professional home inspection
- Review school zone assignments
What stands out about this property.
Interior Features
- 3 bedrooms, 3 bathrooms
- Approximately 2,981 total square feet
- 528 sq. ft. enclosed bonus area
- Partially finished walk-out basement with separate entrance
- Fireplace
- Central AC with gas heat pump
- Single-story main living level
Exterior & Lot
- 1.26-acre level lot (54,886 sq. ft.)
- Brick construction with shingle roof
- 1-car attached garage plus driveway parking for additional vehicles
- Standard residential frontage on Longwood Ave
- Zoned RA — Residential Agricultural
Location & Neighborhood
- Temple Terrace neighborhood
- 2 miles to Downtown Sanford (restaurants, shops, community events)
- 3 miles to San-Lee Park
- 2.5 miles to Central Carolina Community College
- Close to Lee County Schools
Walkability & Recreation
- Walkability Rating: 40/100 — Car-Dependent
- Nearby parks and green spaces: San-Lee Park (3 miles)
- Recreation and community facilities within a short drive
- Two-mile access to downtown amenities and seasonal community events
- Neighborhood suitable for walking short errands within a short drive
Sources & research confidence.
See where the property research came from and how confidence varies by field.