49
Map
$275,000
●
House -
In Contract
1101 S Walnut Drive
Smithfield, NC 27577
3 Beds
2 Baths
1,780 Ft²
$1,516
Est. Monthly
About This Property
Charming 1961 ranch home on a beautiful corner lot in the heart of
South Smithfield, just one block from the highly sought-after South
Smithfield School. Surrounded by lush shrubbery, mature hardwood
trees, and colorful annuals, this home offers timeless character
both inside and out. Original hardwood floors flow throughout the
main living areas and all three spacious bedrooms. The home
features 3 bedrooms, 2 full baths, a living room, family room and
flex space, plus a spacious laundry room with sink. Major updates
are already complete, including a new roof in May 2024, HVAC
replacement in November 2025, and a tankless water heater installed
in January 2015. Move right in and enjoy, or renovate to create a
home that reflects your personal style while building equity.
Located in a welcoming neighborhood known for its charm, character,
morning runs, and evening strolls. Priced to sell!
Unit Size
1,780 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$154
Property Type
House
Property Taxes
$165
HOA Dues
-
Year Built
1961
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (TMLS #10188267)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2026 | In contract | - | |
| In contract | |||
| Aug 24, 2026 | Listed by HomeTowne Realty | $275,000 | |
| Listed by HomeTowne Realty | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Open Parking
Parking Features: Driveway
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Pantry, Walk-In Shower
Appliances: Dishwasher, Dryer, Electric Cooktop, Microwave, Tankless Water Heater, Washer
Flooring Type: Carpet, Hardwood, Tile
Laundry Features: Laundry Room
Rooms: 8
Has Fireplace
Fireplace Features: Gas Log, Living Room
Fireplaces: 1
Exterior Details
Square Footage: 1780
Architectural Style: Ranch
Year Built: 1961
Building Area Total: 1780
Levels: One
Construction Materials: Wood Siding
Patio and Porch Features: Deck, Patio
Lot Features: Corner Lot, Landscaped, Private, Hardwood Trees
Lot Size Area: 0.35
Lot Size Units: Acres
Lot Size Acres: 0.35
Lot Size Square Feet: 15202.44
Lot Size Dimensions: 90x170x90x170
Water Source: Public
Financial Details
Tax Map Number: 66&Pt67
Tax Assessed Value: $206,750
Tax Annual Amount: $1,985
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas, Gas Pack
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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ft²
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HOA + Taxes
About Smithfield
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Listed by: Sherry Byrd, HomeTowne Realty
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10188267
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10188267
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