$90,000
3 Bed · 1 Bath · 1,215 Sq Ft
Investor-friendly 3BR/1BA ranch with large lot and attached garage
3
Beds
1
Baths
1,215
Sq Ft
1971
Built
0.67 acres
Lot
2-car attached
Garage
This one-story brick ranch at 2621 Fairwood Dr SE announces its value from the lot—the deep, level 0.67-acre parcel gives rare breathing room for this part of Hudson and immediate scope for expansion, outdoor amenities, or a complete site reimagining. The home itself offers 1,215 square feet of single-level living: three bedrooms, one bathroom, an attached two-car garage and traditional brick construction that provides a solid starting point for rehabilitation.
Having toured the property, the single-level layout is straightforward and practical: a conventional floorplan with durable original finishes that will reward an investor or hands-on homeowner who’s ready to renovate. Systems include central air and forced-air heat; the roof is asphalt-shingle. The home is in poor condition and will require significant updates throughout—this is an intentional opportunity for someone looking to add value through cosmetic and mechanical upgrades, or more substantial reconfiguration.
Location is quietly functional. The house sits in a residential pocket of Hudson within easy reach of everyday conveniences: Hudson Elementary is about 1.7 miles away, Hudson Middle roughly 1.8 miles, and a Walmart Neighborhood Market less than a mile from the front door. Local restaurants such as BBQ Man are minutes away, and the Hickory-Lenoir-Morganton MSA commuter routes are within easy driving distance. These are the practical neighborhood anchors that support rental demand and resale after renovation.
From an investment standpoint, recent activity is instructive: the property sold in November 2025 for $67,500 and carries an assessed value of $54,300 for 2025. Comparable renovated homes in the immediate area have sold between roughly $245,000 and $295,000; a conservative valuation analysis places this home in the $85,000–$95,000 range in its current state, with a midpoint estimate of $90,000. Rental estimates suggest roughly $900/month in current market conditions, producing a gross yield near 12% before expenses—another pathway for buyers evaluating buy-and-hold strategies.
Key due diligence items: confirm lot dimensions and setback limits, assess the full scope of renovation work, verify zoning for potential additions, and obtain a professional inspection. Whether you’re an investor seeking a value-add project or a homeowner ready to rebuild on an exceptional lot, 2621 Fairwood Dr SE presents a clear opportunity to create meaningful equity in a steady, small-town market.
Hudson is a small, steady town in Caldwell County that offers practical, family-oriented living with proximity to regional employment centers in the Hickory-Lenoir-Morganton MSA. The immediate area around Fairwood Drive is residential and quiet, with essential services—grocery, dining, and schools—within a few miles. Hudson Elementary is a well-rated neighborhood school, while middle and high school ratings are average. The community appeals to buyers seeking affordability, room for outdoor living, and short commutes to nearby towns for shopping, medical services, and recreation.
Hudson’s market is tilted toward buyers at the moment. Local market metrics show inventory at roughly 2.1 months and an average days-on-market near 98—indicators of a market with more choice and longer listing timelines than in a seller’s market. Median sale prices in the broader area sit near $254,000 with modest appreciation of about 0.05% over the past year and roughly 15% over five years, signaling slow but steady value growth. Single-family homes here perform variably by condition: turnkey or renovated properties command healthy prices and quicker sales (see nearby renovated comps at $245K–$295K), while houses needing work commonly remain available longer and require a value-add strategy.
For this particular property type—a small brick ranch in poor condition—now is a favorable moment for investors and renovators. Buyer-friendly conditions reduce acquisition competition; financing and contractor timelines can be negotiated more deliberately; and the large lot enhances upside through expansion or added site amenities. Rental demand in Hudson is stable, and rental comps suggest achievable monthly income near $900, supporting short-term cashflow scenarios. That said, prospective buyers should budget conservatively for renovation costs and timeline risk, and confirm property-specific details (inspection, zoning, boundaries) before committing.
Hudson Elementary School
Elementary · 1.7 mi
Hudson Middle School
Middle · 1.8 mi
South Caldwell High
High · 4.1 mi
Limited immediate park infrastructure but easy driving access to regional green spaces; local streets are walkable for short loops and schools, with broader hiking, biking, and golf options in the Hickory-Lenoir-Morganton region within a short drive.
Brick ranch on large lot with significant renovation potential in a stable market. Proximity to schools and amenities enhances appeal. Post-renovation, the property could yield substantial returns through resale or rental income.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$85K
Midpoint
$90K
High
$95K
$74/SF estimated price per square foot
Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for condition and lot size. Assessed value of $54,300 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.
Stable population with modest income levels. Walkability Rating estimate: 15/100.
Located in a quiet residential area with proximity to schools, shopping, and dining options.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$56/SF
Arm's length transaction
$14/SF
Distressed sale
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