Homes/North Carolina/Lenoir/2742 Hwy 268 Hwy
CompCasa Property Analysis · single_family

2742 Hwy 268 Hwy

Riverside Bungalow on 3 Acres with River & Mountain Views

Turnkey 3-bed, 2-bath home with Yadkin River frontage and updated systems.

3 beds2 baths1,320 sq ftBuilt 19483 acresNo garage; outbuilding/storage on lot
CompCasa valuation analysis
Estimated market value
$350,000
Low $330,000 · Midpoint $350,000 · High $370,000
Confidence65%Sales comparison approach
CompCasa estimate$350,000Mar 14, 2026
$330,000$350,000 midpoint$370,000
Price / sq ft$265
Median sale price$240,000
Avg days on market60 days
Inventory4.5 months

Estimate anchored to asking price **$349,900**, subject-level characteristics (river frontage, **3.0 acres**, updates) and general market context for Lenoir/Caldwell County. No live MLS comparable search performed; adjust after due diligence.

About the property

Riverside Bungalow on 3 Acres with River & Mountain Views

A rare slice of riverside living just outside Lenoir — this updated bungalow sits on 3.0 acres with direct frontage on the Yadkin River and long mountain views. The home’s efficient single-level layout (approximately 1,320 sq ft) includes a spacious living area that flows into a large, well-appointed kitchen with generous cabinetry. Hardwood floors have been refinished, walls freshly painted, and the floorplan offers three bedrooms plus a versatile bonus room that can serve as an office, nursery, or luxury walk-in closet off the primary suite.

The primary suite features a large walk-in shower with built-in bench and direct access to the covered back deck — a perfect spot to unwind while watching sunset colors behind the ridgeline. Practical upgrades make this property move-in ready: a metal roof provides long-term durability, a newer heat pump covers year-round comfort, and a recently replaced septic tank reduces near-term infrastructure concerns. A large mud/laundry room off the kitchen keeps daily life organized and connects to the full-length covered rear porch overlooking the river and valley.

Outside, the level yard flows to a scenic riverside seating area with picnic table and fire pit where evenings are spent listening to the current and enjoying privacy and wildlife. An outbuilding provides storage for tools, toys, or small equipment. The parcel’s size and flat usable acreage make it well-suited for gardening, small-scale homesteading, or creating additional outdoor amenities. Seller indicates willingness to also sell a neighboring unfinished home and acreage if a buyer seeks a larger holding — ask agent for details.

This property is an excellent choice for buyers seeking a turnkey country retreat with authentic riverfront character and practical updates. Schedule a showing to walk the grounds and experience why riverside properties in the Happy Valley / Yadkin corridor are highly sought after.

Property details

A 1948 bungalow on 3 acres.

Building

Year built1948
ConstructionWood Frame (Likely) With Brick/Wood Exterior Elements
RoofMetal Roof (Updated)
Heatingheat pump (newer, per listing)
Coolingheat pump (AC)

Site & utilities

Lot size3 acres
GarageNo garage; outbuilding/storage on lot
Stories1
ConditionGood
BasementNone
FireplaceNo
Improvement notesReported updates include metal roof, newer heat pump, newer septic tank, interior paint, refinished hardwood floors. Semi-open plan with large kitchen, covered front and full-length covered back deck.
Lot area130,680 sq ft
TopographyLevel
FrontageDirect frontage on the Yadkin River per listing description; level yard down to riverside.
ParkingDriveway And Surface Parking
Parking spaces6
Parking notesNo attached garage; outbuilding present for equipment/parking; ample drive/yard parking.
AccessDirect access from NC Hwy 268. Property likely driveway off highway; verify sight lines for resale.
WaterLikely Well (Not Municipal) — Listing Does Not List Municipal Water; Confidence Moderate
SewerSeptic (Newer Septic Tank Reported)
ElectricLikely Duke Energy (Regional Utility) Or Local Co Op — Verify
GasLikely Bottled Propane Or None (Rural Property) — Verify
Location & nearby

Happy Valley / Yadkin River area

Researched nearby locations

Yadkin River (on-property)
Happy Valley mountains (views, <5 mi)

Location

2742 Hwy 268 Hwy, Lenoir, NC 28645

View in Google Maps
Editorial neighborhood context

The Happy Valley/Yadkin River corridor near Hwy 268 is a rural, scenic stretch of Caldwell County where river access, pocket farmland and low-density residential lots dominate. Properties generally attract buyers seeking outdoor recreation, privacy, and a slower pace while maintaining a manageable drive to Lenoir’s services. Neighbors are a mix of long-time residents, hobby farmers, and weekend retreat owners.

Nearby access summary

Excellent on-site river recreation (fishing, picnics, river access) and close to mountain trails; strong outdoor lifestyle appeal.

ElementaryHappy Valley Elementary (Caldwell County Schools) — estimated rating 6/10
Middle schoolGamewell Middle School (Caldwell County Schools) — estimated rating 6/10
High schoolHibriten High School (Caldwell County Schools) — estimated rating 7/10
School districtCaldwell County Schools
Market context

A factual market snapshot around 2742 Hwy 268 Hwy.

Median sale price$240,000
Avg days on market60 days
Inventory4.5 months
1-year appreciation300.0%
5-year appreciation1200.0%
Editorial market perspective

This property sits in the rural edges of Lenoir within Caldwell County, a market that has shown steady but modest appreciation over recent years. Median home prices across the area are generally lower than larger nearby metros, but riverfront and mountain-view parcels routinely command premiums. Inventory in the market is balanced to slightly favor buyers, which explains a longer days-on-market for specialty rural listings. For sellers: targeted marketing to outdoor lifestyle buyers, local second-home buyers from the High Country, and Browning/boating enthusiasts typically produces the best results. For buyers: value is found when a property combines usable acreage with updated systems — both are present here. Expect local median sales near the mid-$200k range, with a premium for waterfront parcels reflected in this listing’s pricing.

Zoning & land use

Rural Residential / Agricultural county zoning likely (single-family residential, accessory structures, agricultural uses permitted).

Zoning

DescriptionRural Residential / Agricultural county zoning likely (single-family residential, accessory structures, agricultural uses permitted).
JurisdictionCaldwell County
Current useResidential
SetbacksSetbacks vary by county; building envelope assumed conforming for existing improvements. New construction or significant changes require county permitting.

Research-indicated uses

  • Single Family Residence
  • Accessory Outbuildings (Barns, Sheds)
  • Agriculture / Homesteading
  • Possible Limited Commercial/Agricultural Activities Depending On County Rules
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • 3 bedrooms, 2 baths, **1320 sq ft** — efficient single-story floorplan.
  • Listed at **$349,900**; AVM close to list at **$349,651** (Redfin AVM).
  • Property contains **3.0 acres (130,680 sq ft)**, per listing data.
  • Newer systems reduce near-term capex risk (roof, heat pump, septic).
  • On-market for 191 days — indicates niche demand; targeted marketing required.
Highlights & features

What stands out about this property.

Interior Features

  • 3 bedrooms, 2 full bathrooms
  • Approximately 1,320 sq ft single-story living
  • Refinished hardwood floors
  • Large kitchen with extensive cabinetry and storage
  • Primary suite with walk-in shower and built-in seat
  • Bonus room adaptable as office, nursery, or closet
  • Mud/Laundry room adjacent to kitchen

Exterior & Lot

  • 3.0 acres of level, usable land
  • Direct frontage on the Yadkin River
  • Full-length covered back deck and covered front porch
  • Metal roof (updated)
  • Outbuilding for storage or workshop
  • Riverside picnic / fire pit area

Location & Neighborhood

  • Rural Happy Valley / Yadkin River area — country lifestyle with mountain views
  • Approximately minutes to Lenoir services (groceries, dining, physician services)
  • Within Caldwell County Schools
  • Easy access to regional recreation areas and the High Country

Walkability & Recreation

  • Walkability Rating: 22/100
  • Direct access to river-based recreation (fishing, small-craft boating)
  • Nearby hiking and mountain scenery (short drive)
  • Quiet rural roads for biking and outdoor pursuits
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
https://www.redfin.com/NC/Lenoir/2742-NC-Highway-268-28645/home/119512843View source
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.