Property listing for 347 Forest Rd, Lumberton, NC 28358
For SaleSingle Family Home

$200,000

347 Forest Rd, Lumberton, NC 28358

Sprawling Brick Ranch on 1.24-Acre Corner Lot in Forest Acres

3 Bed · 1.5 Bath · 1,570 Sq Ft

Classic 3BR/1.5BA ranch with original hardwoods and expansion potential

3

Beds

1.5

Baths

1,570

Sq Ft

1963

Built

1.24 acres

Lot

2-car attached

Garage

About 347 Forest Rd

A sweeping 1.24-acre corner parcel is the first thing you notice at 347 Forest Rd — a rare, level lot in Lumberton’s established Forest Acres neighborhood that immediately expands your possibilities. This solid brick ranch, built in 1963, occupies a private position on the block with mature shade trees framing a generous yard. At 1,570 square feet, the single-story plan emphasizes utility and original character, most notably the intact hardwood floors that run through the main living zones.

Step inside to an open living and dining arrangement with a formal dining room that hints at the home’s original design for family gatherings. The kitchen and baths remain largely original, offering a straightforward scope for modernization to match today’s tastes while preserving classic details. Three bedrooms and one full plus one half bath are arranged for easy daily living; central heating and air provide year-round comfort and a 2-car attached garage offers covered parking and storage.

Outdoor life is where this property truly stands out. The corner lot provides broad frontage on Forest Rd and a backyard big enough for a garden, workshop, pool, or a future addition (zoning R20). The level topography makes landscaping and any site work uncomplicated. Utilities include public water and septic; electricity is served by Duke Energy. With a shingle roof and an average condition rating, the house presents a sturdy platform for cosmetic upgrades and systems refresh.

Location is practical: Southeastern Health Hospital sits about 2.5 miles away, Lumberton High School is roughly 3 miles, and Lumber River State Park is within a 5-mile drive for paddling and trails. Market comps within a half-mile support a fair value range near $190K–$210K, making this property attractive to buyers seeking long-term value or investors targeting renovations and rental income. Key due diligence items include verifying roof and HVAC condition, septic evaluation, and confirming lot boundaries.

If you’re looking for a brick ranch with strong bones, generous outdoor acreage, and clear upside through updates, 347 Forest Rd is worth touring. Contact the listing agent to schedule a visit and review inspection priorities — this one offers a blend of classic character and practical potential in a steady, well-established pocket of Lumberton.

Home Highlights

1.24-acre corner lot with level yardOriginal hardwood floors and classic brick exterior3 bedrooms, 1.5 baths in single-story ranch2-car attached garageStrong value range: estimated $190K–$210KClose to hospital, schools, and Lumber River State Park

Property Features

Interior Features

  • Original hardwood floors throughout main living areas
  • Open living and dining layout with formal dining room
  • 3 bedrooms, 1 full bath + 1 half bath
  • Central heat and central air
  • 1,570 square feet single-story floor plan
  • Classic mid-century finishes ready for modernization

Exterior & Lot

  • 1.24-acre corner lot (approx. 54,014 sq ft)
  • Level topography with mature shade trees
  • Frontage on Forest Rd
  • 2-car attached garage
  • Shingle roof
  • Septic system; public water; Duke Energy electricity

Location & Neighborhood

  • Forest Acres neighborhood — established residential pocket
  • Approximately 2.5 miles to Southeastern Health Hospital
  • About 3 miles to Lumberton High School
  • Roughly 5 miles to Lumber River State Park
  • Part of the Fayetteville, NC MSA; Longleaf Pine REALTORS® MLS

Walkability & Recreation

  • Walkability Rating: 30/100 — Car-Dependent
  • Nearby parks and green spaces within a short drive
  • Lumber River State Park (approx. 5 miles) — trails and paddling
  • Neighborhood streets suitable for walking and biking
  • Community recreation facilities and school fields nearby

Neighborhood & Location

Forest Acres is a quiet, mature neighborhood in Lumberton characterized by spacious lots, tree-lined streets, and mid-century homes. Residents appreciate quick access to healthcare and schools, while outdoor enthusiasts value proximity to Lumber River State Park for paddling and trails. The neighborhood offers a small-town pace with convenient commuting to Fayetteville MSA employment centers. Local amenities include community school fields and nearby retail corridors for everyday errands, making Forest Acres appealing to families and buyers seeking larger yards within town limits.

Market Insights

Robeson County’s single-family market around Forest Acres is currently balanced, leaning neither strongly to buyers nor sellers. Local market metrics show roughly 3.5 months of inventory and an average days-on-market near 52 — indicators of a market where well-priced homes still attract regular buyer activity but buyers have time to compare options. Median sale price in the area is approximately $196,000 with year-over-year appreciation near +5% and five-year appreciation around +15%, signaling steady, long-term value growth rather than volatile spikes. Recent nearby comps for similar homes fell in the $190K–$210K band, which aligns with the automated valuation midpoint of $200,000 for this property.

Single-family ranches on larger lots tend to perform well here because lot size and usable outdoor space are scarce relative to demand. Inventory is moderate, so sellers who price realistically and address obvious deferred maintenance often see offers within the neighborhood’s average DOM window. For buyers, this is a practical moment to purchase and reinvest: financing costs remain competitive for owner-occupants and investors can achieve attractive gross rent estimates (market rental estimate near $1,500/month with a roughly 9% gross yield). In short, expect a balanced cadence — buy with aligned comps and clear renovation plans, or sell with modest updates to capture strong buyer interest.

Nearby Schools

Tanglewood Elementary School

Elementary

Average

L. Gilbert Carroll Middle School

Middle

Average

Lumberton High School

High · 3 mi

Average

Walkability & Recreation

30
Walkability
60
Recreation

Good regional recreation access with Lumber River State Park about 5 miles away for trails and paddling, neighborhood streets for daily walks, and nearby school fields and community greens.

Investment Highlights

  • Original hardwood floors and open floor plan
  • 1.24-acre corner lot offering ample outdoor space
  • Proximity to healthcare, schools, and recreational facilities
  • Potential for value enhancement through interior updates
  • Stable neighborhood with steady property appreciation

Key Findings

  • Assessed value $134,800 (land $16,500, improvements $118,300) — annual taxes $1,343
  • Zoned R20 — Residential District
  • Comparable sales within 0.5 miles in last 12 months range $190K–$210K
  • Average days on market in area: 52 days (balanced market)

Things to Consider

  • Built in 1963 — potential for aging systems requiring inspection
  • Septic system — recommend evaluation for current condition
  • School ratings are average — may impact family buyer interest

Opportunity Analysis

Well-maintained brick ranch on a large corner lot in a stable neighborhood with potential for value enhancement through interior updates. Proximity to amenities and steady market appreciation suggest strong long-term value.

Potential Use Scenarios

  • Potential primary residence with room for personalization
  • Opportunity for investors to update and resell or rent
  • Consideration for expansion or addition given lot size

Risk Factors

  • Aging systems may require updates
  • Septic system condition unknown
  • Average school ratings may affect desirability for families

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$190K

Midpoint

$200K

High

$210K

$127/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 12 months. Adjusted for lot size, condition, and bedroom count. Assessed value of $134,800 appears below market.

As of 2026-03-07

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$196,000
Avg Days on Market52 days
Inventory3.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)5,000
Median Income (1 mi)$45,000

Stable population with modest income levels. Walkability Rating estimate: 30/100.

Nearby Points of Interest

  • Southeastern Health Hospital (2.5 mi)
  • Lumberton High School (3 mi)
  • Lumber River State Park (5 mi)

Located in a quiet residential neighborhood with proximity to healthcare facilities, schools, and recreational areas.

School District

DistrictRobeson County Schools
ElementaryTanglewood Elementary School
MiddleL. Gilbert Carroll Middle School
HighLumberton High School

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1963
Constructionbrick
Stories1
Roofshingle
Heatingcentral
Coolingcentral air
Basementnone
FireplaceNo
Conditionaverage

Lot & Site

Lot Size1.24 acres (54,014 SF)
Topographylevel
Parkingattached_garage
Parking Spaces2
FrontageFrontage on Forest Rd

Utilities

Waterpublic
Sewerseptic
ElectricDuke Energy

Zoning & Land Use

Zoning CodeR20
DescriptionResidential District
JurisdictionRobeson County

Allowed Uses

single family residential
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$134,800
Land$16,500
Improvements$118,300
Annual Tax (2025)$1,343

Sale History

1992-11-13$60,000

$38/SF

Arm's length transaction

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