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505 S Smith Street, Burgaw, NC, 28425

2beds
1baths
768sqft
$150,000
$195price/sqft
$1,077/moest. monthly cost
$43,080/yrincome needed

About This Home

Investor Special!!! Unlock the potential of this prime investment opportunity in the heart of Burgaw! This property offers a unique chance for savvy investors to capitalize on a growing market. Situated in a quickly developing area, this property is just moments away from local amenities, schools, and parks, making it attractive to potential renters or buyers. Burgaw's burgeoning community is seeing increased interest, providing a steady stream of potential tenants. Whether you're looking to flip, rent, or hold, this property offers versatile options to fit your investment strategy. Don't miss out on this opportunity! Contact us today to schedule a viewing. Your next investment success story starts here!

Getting Around

35
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

2/10
Burgaw Elementary SchoolGrades PK-50.9 mi
3/10
Burgaw Middle SchoolGrades 6-80.3 mi

Construction

Condition

  • Year built: 1901

Materials

  • Foundation: Crawl Space
  • Roof: Shingle

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Features: Combination

Features

  • None
  • Fireplace features: None

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total structure area: 768
  • Total interior livable area: 768 sqft

Master Bedroom

  • Level: Primary Living Area

Property

Details

  • Parcel number: 32292026830000
  • Zoning: RA
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Porch
  • Fencing: None
  • Living area range: 600 - 799

Lot

  • Lot size: 0.34 Acres
  • Lot size dimensions: See Map

Parking

  • Total spaces: 2
  • Parking features: On Site
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Winter Weather
Inland Flooding
Ice Storm
Strong Wind
Tornado
Wildfire
Tsunami

FEMA Declared Disasters in Pender County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $758$9,096
Home Insurance *$46$552
Property Taxes $73$876
Electricity $200$2,405
Total$1,077$12,924
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$36,925/yr
40% on housing$32,310/yr
45% on housing$28,720/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.7%
-1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$195This listing

vs Other Active Listings

Avg $/sqft

ZIP 28425$173
Pender County$320

vs Homes Sold Last Month

Median $/sqft

ZIP 28425$202
Pender County$217

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-02-18Listed for sale$150,000

For Sale by Agent

AgentJamie Lynn Crist
BrokerageBlueCoast Realty Corporation

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