$200,000
408 Gillsbrook Rd, Lancaster, SC 29720
Ranch Living on .42 Acre — 3BR/2BA with Sun Porch & No HOA
3 Bed · 2 Bath · 1,722 Sq Ft
Single-story comfort on a large Lancaster lot, priced to sell.
3
Beds
2
Baths
1,722
Sq Ft
1959
Built
0.42 acres
Lot
Driveway; no garage
Garage
About 408 Gillsbrook Rd
Step into comfortable single-level living at 408 Gillsbrook Rd, a classic 3-bedroom, 2-bath ranch delivering 1,722 square feet of practical space on a generous 0.42-acre lot. The home's layout centers around a warm living area with an electric fireplace and an adjacent eat-in kitchen that awaits a tasteful refresh. A bright, spacious sun porch off the living area provides a dedicated spot for morning coffee, a reading nook, or an at-home office.
The primary bedroom includes a private en-suite bath; Bedrooms 2 and 3 are well-proportioned, and Bedroom 2 includes two closets for extra storage. Practical systems have been addressed with homeowner-friendly investments: a sump pump installed in 2023 and a crawlspace dehumidifier (April Air) added in 2023, both improving the home's long-term durability in this region. Attic access is simplified with pull-down stairs for seasonal storage.
Floors are carpet and linoleum, providing a sound baseline for immediate occupancy or for a buyer seeking a cosmetic project to add value. Appliance package includes a wall oven, refrigerator, microwave, dishwasher, and plumbing for an ice maker. Heating is via a heat pump with natural gas supplement and cooling is central air. Outside, the large front and back yards create space for gardening, play, or a future workshop or detached garage (confirm zoning/setbacks). There is no HOA, allowing freedom for exterior improvements subject to municipal rules.
This property is offered at $200,000 and presents a straightforward opportunity for a family wanting single-story convenience or an investor seeking an affordable long-term rental asset in Lancaster. Showings by appointment — contact listing agent Nancy Braun at 704-997-3794 for a tour or more information.
Home Highlights
Property Features
Interior Features
- 3 bedrooms, 2 full bathrooms
- 1,722 SqFt single-level ranch floorplan
- Electric fireplace in living room
- Eat-in kitchen with wall oven and refrigerator
- Laundry on main level
- Pull-down attic stairs for easy access
Exterior & Lot
- 0.42-acre lot (approx. 18,295 SqFt)
- Large front and backyard — room for outdoor projects
- Driveway parking (no garage)
- Cleared and partially wooded lot features
Location & Neighborhood
- Central Lancaster location with quick access to downtown services
- Short drive to grocery, restaurants, and healthcare
- I-77 corridor access for commutes to Charlotte and surrounding employment centers
Walkability & Recreation
- Walkability Rating: 45/100
- Nearby parks and community green spaces within a few minutes' drive
- Opportunities for gardening, outdoor living, and small-scale homestead activities
Neighborhood & Location
The Gillsbrook area is a mature, primarily residential neighborhood in central Lancaster characterized by single-story ranch homes and modest wooded lots. Residents enjoy short drives to downtown Lancaster for dining and basic services, while regional highways provide access to larger employment centers. The neighborhood mixes long-term owner-occupied homes and some investor-owned properties, creating an active local real estate market for affordable family housing.
Market Insights
Lancaster's housing market in early 2026 remains a value-oriented secondary market for buyers priced out of Charlotte proper. Central Lancaster homes trade at lower price-per-square-foot than nearby Indian Land but attract steady local demand from downsizers, first-time buyers, and investors seeking positive cash flow. Median sale prices in the broader Lancaster market are modestly up year-over-year (~2–3%), and inventory has stabilized, creating a balanced to slightly seller-favorable environment for well-priced single-family homes. This property’s combination of a sizable lot and single-story living positions it well: priced at $200,000, it sits competitively relative to updated small-lot homes and offers upside through targeted cosmetic and kitchen/bath improvements.
Nearby Schools
Lancaster Primary School
Elementary · 1.5–2.5 mi
Lancaster Middle School
Middle · 2–3 mi
Lancaster High School
High · 2–3 mi
Walkability & Recreation
Large private yard and nearby small parks give good access to outdoor activities; regional trails and larger parks are a short drive away.
Investment Highlights
- Generous 0.42-acre lot offering yard and expansion potential.
- Single-story ranch layout — high demand for accessible living.
- Recent crawlspace dehumidifier and 2023 sump pump reduce moisture risk.
- No HOA — flexibility for exterior projects and accessory structures.
- Close to downtown Lancaster amenities and regional commute routes.
Key Findings
- 3 beds / 2 baths, 1,722 SqFt built in 1959.
- Listed at $200,000 (3/6/2026), price per SqFt ~ $116.
- Most recent prior sale: $210,000 on 3/28/2022 (public records).
- Lot size ~18,295 SqFt (0.42 acres) — larger than many city lots.
- Mechanical updates in 2023 (sump pump, crawlspace dehumidifier).
Things to Consider
- Interior finishes are dated (carpet/linoleum) and likely need updating to maximize price.
- No garage — may reduce appeal to buyers seeking covered parking.
- Exact school attendance zones and parcel-level zoning/assessor values should be verified.
Opportunity Analysis
Buy-and-update single-story home on a large lot in an affordable Lancaster neighborhood. Renovations focused on the kitchen, bathrooms, flooring, and curb appeal should lift market value into the mid-to-high end of the estimated value band.
Potential Use Scenarios
- Light-to-moderate cosmetic rehab (new flooring, paint, kitchen refresh) to increase appeal and rent/ resale value.
- Consider adding a carport or simple garage if zoning allows to capture buyer demand.
- Stage the sun porch and living room around the electric fireplace to emphasize single-level living.
Risk Factors
- Deferred interior updates could limit sale price.
- Local market appreciation is moderate — pricing must be competitive.
- Unknowns in title/tax history and exact zoning setbacks.
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$185K
Midpoint
$203K
High
$220K
$117.61/SF estimated price per square foot
Estimate anchored to current list price of $200,000 and prior 2022 sale at $210,000, adjusted for local market movement and property condition. No live comparable search was performed.
As of 2026-03-11
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Lancaster County has seen steady growth driven by affordability and proximity to Charlotte; Indian Land submarket shows stronger recent growth, while central Lancaster has stable, moderate appreciation.
Nearby Points of Interest
- Lancaster County Courthouse (approx 2.5 mi)
- Downtown Lancaster retail corridor (approx 2.5 mi)
Property sits in an established residential area of Lancaster with quick access to downtown amenities, small parks, and regional highways toward Charlotte (I-77 within a short drive). Local grocery, banking, and medical facilities are within a few miles.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
Sale History
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