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.
Spacious 3-Bed Brick Home on a Generous Tanglewood 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.
See the properties helping shape the valuation.
Comparable sales
- 1,056 SF smaller
- 1 fewer bedroom
- 1 fewer bathroom
- 118,919 SF larger lot
- 4 years newer
- 935 SF smaller
- 1 fewer bathroom
- 2,178 SF smaller lot
- 12 years newer
A 1946 traditional on 0.27 acres.
Building
Site & utilities
Tanglewood
Researched nearby locations
Location
408 W 20th St, Lumberton, NC 28358
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.
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.
A factual market snapshot around 408 W 20th St.
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.
Single Family Residential
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
What the research supports — and what is still worth verifying.
Key findings
- Assessed value of $129,300 (land $16,500, improvements $112,800) — annual taxes $1,050
- Zoned R11 — Single Family Residential
- Built in 1946 — potential for historic charm
- Comparable sales in Tanglewood suggest a market value range of $169,000 to $207,000
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify age and condition of major systems
- Confirm zoning restrictions and allowances
- Professional home inspection
- Review school zone assignments
What stands out about this property.
Interior Features
- Approximately 2,000 square feet of living area
- 3 bedrooms and 2 full bathrooms
- One-and-a-half story layout with large room proportions
- Central air conditioning
- Electric heat pump
- Crawlspace foundation
- Gas water heater
Exterior & Lot
- Brick veneer construction
- Level 0.27-acre lot (approx. 11,761 sq ft)
- Concrete driveway with parking for two vehicles
- Shingle roof
- Frontage on W 20th St
Location & Neighborhood
- Tanglewood neighborhood — established residential area
- UNC Health Southeastern approximately 0.5 miles away
- Tanglewood Elementary approximately 0.3 miles away
- Lumberton Senior High approximately 1.2 miles away
- Zoned R11 (Single Family Residential)
Walkability & Recreation
- Walkability Rating: 40/100 — Car-Dependent
- Nearby schools within easy walking distance
- Neighborhood streets suitable for daily walks
- Local healthcare and community services within a short drive
- Community amenities and parks available in greater Lumberton area
Sources & research confidence.
See where the property research came from and how confidence varies by field.