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.
Sprawling Brick Ranch on 1.24-Acre Corner Lot in Forest Acres
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.
See the properties helping shape the valuation.
Comparable sales
- 180 SF larger
- 0.5 additional bathrooms
- 13,504 SF smaller lot
- 5 years newer
- 1,015 SF larger
- 1 additional bedroom
- 1 additional bathroom
- 9,148 SF larger lot
- 2 years newer
- 260 SF larger
- 1 additional bedroom
- 1 additional bathroom
- 5 years newer
A 1963 ranch on 1.24 acres.
Building
Site & utilities
Forest Acres
Researched nearby locations
Location
347 Forest Rd, Lumberton, NC 28358
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.
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.
A factual market snapshot around 347 Forest Rd.
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.
Residential District
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
- 424 SF larger
- 0.5 additional bathrooms
- 295 SF smaller
What the research supports — and what is still worth verifying.
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)
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
- Evaluate septic system condition
- Professional home inspection
- Review zoning restrictions for potential expansions
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.