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.
Brick Ranch on 0.67 Acre — Renovation Opportunity in Hudson
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.
See the properties helping shape the valuation.
Comparable sales
- 218 SF larger
- 1 additional bathroom
- 11,761 SF smaller lot
- 9 years newer
- 113 SF larger
- 1 additional bathroom
- 18,731 SF smaller lot
- 13 years older
- 895 SF larger
- 1 additional bathroom
- 7,841 SF smaller lot
- 4 years newer
A 1971 ranch on 0.67 acres.
Building
Site & utilities
Hudson, NC
Researched nearby locations
Location
2621 Fairwood Dr SE, Hudson, NC 28638
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.
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.
A factual market snapshot around 2621 Fairwood Dr SE.
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.
Residential
Zoning
Research-indicated uses
- Single Family Residential
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
- 113 SF larger
- 1 additional bathroom
- 895 SF larger
- 1 additional bathroom
What the research supports — and what is still worth verifying.
Key findings
- Property sold in November 2025 for $67,500
- Assessed value of $54,300 for tax year 2025
- Zoned Residential (R) in the Town of Hudson
- Comparable sales suggest current value around $90,000
- Located 1.7 miles from Hudson Elementary School
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Assess extent of necessary renovations
- Verify zoning regulations for potential expansions
- Evaluate local rental market conditions
- Conduct professional home inspection
What stands out about this property.
Interior Features
- 3 bedrooms, 1 bathroom
- Single-story ranch layout
- Central air and forced-air heating
- Original durable finishes (in need of renovation)
- 1,215 square feet of living area
Exterior & Lot
- Brick construction
- 0.67-acre level lot (29,185 SF)
- Attached 2-car garage
- Asphalt-shingle roof
- Standard residential driveway from Fairwood Dr SE
Location & Neighborhood
- Hudson Elementary School (1.7 mi)
- Hudson Middle School (1.8 mi)
- South Caldwell High School (4.1 mi)
- Walmart Neighborhood Market (0.96 mi)
- Local dining: BBQ Man Restaurant (0.5 mi)
Walkability & Recreation
- Walkability Rating: 15/100 — Car-Dependent
- Nearby parks and green spaces within a short drive
- Local schools and shopping within 2 miles
- Neighborhood streets suitable for walking and biking
- Community recreational opportunities in the greater Hickory-Lenoir-Morganton area
Sources & research confidence.
See where the property research came from and how confidence varies by field.