$200,000
3 Bed · 1 Bath · 1,488 Sq Ft
Spacious lot, classic 1962 ranch with strong value-add potential
3
Beds
1
Baths
1,488
Sq Ft
1962
Built
1.27 acres
Lot
None
Garage
This single-story ranch sits on a generous 1.27-acre parcel along Tom Jackson Road and immediately stands out for the scale of its lot and the privacy afforded by a lightly wooded buffer. The gently sloping yard gives you room for gardens, play areas, or an accessory structure, while a gravel drive provides simple, low-maintenance parking with space for multiple vehicles. Frontage on Tom Jackson Road makes access straightforward and keeps the property connected to Boone while retaining a quiet, country feeling.
Inside, original hardwood floors and a compact, well-proportioned layout preserve mid-century character. A cozy den centers around a working fireplace — a natural gathering spot during colder months — and the single-level plan makes daily living easy. The home totals 1,488 finished square feet with three bedrooms and one bathroom; systems reflect the house's age (forced-air oil heat) and there is currently no central air installed.
An unfinished basement is the property's most tangible upside: substantial additional living area or storage awaits a buyer willing to invest in finishing. Utilities include a private well and septic system, so routine maintenance and inspections are essential but also support independent, off-grid-style living. Roof is asphalt shingle; the property has no garage, creating an opportunity to add covered parking or a workshop if desired.
Location is a practical advantage: Green Valley Park is about 2 miles away, the Blue Ridge Parkway is roughly 3 miles for instant trail and scenic access, Appalachian State University sits around 6 miles from the front door, and Watauga Medical Center is within 5 miles. Boone Mall and neighborhood retail are nearby, giving the property a blend of mountain calm and easy access to town services.
This home is well-suited for buyers seeking a thoughtfully maintained older house with clear value-add potential: finish the basement, modernize mechanicals, and add cooling or a garage to substantially increase comfort and resale value. Schedule a tour to assess systems and to walk the lot — this property rewards practical improvements with meaningful upside in Boone’s steady market.
This stretch of Tom Jackson Road offers a quiet, residential feel with generous lots and wooded edges that create a true mountain-country atmosphere while remaining a short drive from Boone’s services. Families benefit from Watauga County Schools, including Watauga High and Green Valley Elementary, and outdoor enthusiasts will appreciate quick access to Green Valley Park and the Blue Ridge Parkway. Local shops, medical services, and Appalachian State University are all within a convenient drive, making this area attractive to buyers seeking privacy without sacrificing proximity to town amenities.
Boone's single-family market is balanced right now — neither heavily favoring buyers nor sellers. Local metrics point to roughly 3.5 months of inventory and an average days-on-market around 45, indicating steady demand without the frenzy of an overheated market. The neighborhood's median sale price sits near $250,000, while recent nearby ranch sales within one mile show a range roughly between $185K and $308K; this property’s valuation midpoint of about $200,000 (≈$134/SF) places it attractively within that spectrum.
For investors, rental comps and internal estimates point to stable rental demand: an estimated monthly rent near $1,200 and a gross rental yield around 7.2% based on comparable 3-bedroom rentals in Boone. Owner-occupant buyers will find this a reasonable entry point with clear value-add options (basement finishing, HVAC upgrades, and modest cosmetic modernization) that can produce above-average appreciation compared with passive holdings. Given average appreciation of about 15% over five years in the area and typical time-to-sale near 45 days, buyers acting on properties with renovation upside are likely to capture both cash-flow and equity benefits in the current market.
Green Valley Elementary
Elementary
Watauga High
High
Excellent regional access: Green Valley Park is about 2 miles away, Blue Ridge Parkway trailheads and scenic drives are roughly 3 miles from the property, with multiple recreational and university amenities within a short drive.
Well-maintained ranch in Boone with potential for value addition through basement finishing and system upgrades. Stable market with steady appreciation suggests solid investment potential.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$185K
Midpoint
$200K
High
$215K
$134/SF estimated price per square foot
Sales comparison approach using 3 comparable sales within 1 mile sold in last 12 months. Adjusted for size, condition, and lot size. Assessed value of $149,900 appears below market.
As of 2026-08-03
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Stable population with modest growth. Walkability Rating estimate: 20/100.
Located in a serene residential area with proximity to Boone's amenities, educational institutions, and recreational areas.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$131/SF
Arm's length transaction
$97/SF
Arm's length transaction
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