$188,000
3 Bed · 2 Bath · 2,000 Sq Ft
2,000 sq ft, 0.27-acre lot steps from UNC Health Southeastern
3
Beds
2
Baths
2,000
Sq Ft
1946
Built
0.27 acres
Lot
A solid, mid-century brick veneer home stands with presence on W 20th Street — 408 W 20th St delivers generous interior space and a deep, level lot in Lumberton’s long-established Tanglewood neighborhood. With roughly 2,000 square feet across one-and-a-half stories, this 1946-built residence balances durable construction and practical livability: brick exterior, shingle roof, crawlspace foundation, and a concrete driveway that fits two vehicles.
You’ll find large, well-proportioned rooms throughout. The floorplan emphasizes comfortable living areas, three bedrooms and two full baths, and systems that support everyday convenience: central air conditioning, an electric heat pump, and a natural gas water heater. The home’s condition is listed as good, and the concrete driveway plus level yard create straightforward outdoor maintenance and room for landscaping, gardening, or an outdoor seating area.
What sets this property apart is location and scale. The 0.27-acre parcel provides private outdoor breathing room uncommon on many infill lots; Tanglewood Elementary sits about three blocks away and UNC Health Southeastern is roughly a half-mile — making commutes to medical, school, and community services quick and simple. The neighborhood’s mature streets and proximity to local anchors mean essentials are nearby without sacrificing a residential feel.
From an investment perspective, recent in-neighborhood sales and a professional valuation place fair market value in the $169,000–$207,000 range, with an estimated midpoint around $188,000. The current assessed value of $129,300 suggests opportunity for buyers attentive to condition and systems; key due diligence items include verifying the age and function of major mechanical systems, confirming lot boundaries, and reviewing zoning and school assignments. With thoughtful updates this home can reward both owner-occupants and investors looking for a well-built, centrally located single-family offering in Lumberton.
Tanglewood is a mature, residential neighborhood in central Lumberton characterized by tree-lined streets, single-family homes, and convenient proximity to essential services. Families will appreciate short walks to Tanglewood Elementary and easy drives to UNC Health Southeastern. Local shops, schools, and community services are close at hand, creating a neighborhood atmosphere that blends quiet residential life with quick access to city amenities.
Local market signals for Lumberton and the Tanglewood neighborhood are mixed and somewhat limited in public data, but nearby closed sales give useful context. Recent comparables within a half-mile show sale prices of $112,000 and $98,000 for smaller homes; those sales help frame price-per-square-foot dynamics and indicate active demand for modest single-family inventory. A sales-comparison valuation for 408 W 20th St places an estimated range between $169,000 and $207,000 (midpoint $188,000) — materially above the county assessed value of $129,300, which could represent an opportunity for buyers.
Specific inventory levels and average days-on-market for Lumberton are not available in the supplied dataset, so prospective buyers should confirm current listing activity and DOM prior to offers. Given the home’s size, neighborhood location, and proximity to UNC Health Southeastern, this property is attractive to both owner-occupiers and investors; buyers who act when comparable inventory is light may find negotiating leverage. Sellers should be prepared for inspections given the 1946 construction date and for potential reassessment discussions with the tax office. In short: perform system inspections, confirm comparable active listings, and use the lower assessed value as one data point in crafting offer strategy.
Tanglewood Elementary
Elementary · 0.3 mi
Lumberton Junior High
Middle · 2.2 mi
Lumberton Senior High
High · 1.2 mi
Neighborhood streets and school grounds provide straightforward walking and local recreation; larger parks and regional outdoor options are reachable by a short drive from Tanglewood.
Well-maintained brick home in a desirable Lumberton neighborhood with proximity to essential services. Potential for appreciation given assessed value below market estimates.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$169K
Midpoint
$188K
High
$207K
$94/SF estimated price per square foot
Sales comparison approach using recent listings and sales in the Tanglewood neighborhood. Adjusted for size, condition, and location. Assessed value of $129,300 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.
Data not available for 1-mile radius demographics.
Proximity to healthcare facilities, schools, and residential neighborhoods.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
Arm's length transaction
Foreclosure sale
$75/SF
Standard sale
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