708 S 3rd St, Smithfield, NC, 27577
About This Home
NO HOA | USDA ELIGIBLE | Downtown Smithfield Brick Ranch | Walkable Lifestyle | Investor-Friendly Opportunity Rare opportunity to own a charming brick ranch in the heart of Downtown Smithfield offering walkable convenience and strong flexibility for both homeowners and investors seeking long-term rental or Airbnb-style income potential. Just minutes from restaurants, shopping, entertainment, medical facilities, the Neuse River Amphitheater, and scenic access to the Neuse River Greenway, this home offers an exceptional blend of downtown convenience, recreation, and small-town lifestyle appeal. Opportunities to own in this desirable downtown location are becoming increasingly difficult to find. This well-maintained 2-bedroom, 1-bath home features a functional single-level layout, timeless hardwood floors, an open kitchen, formal dining room, and a cozy gas fireplace that adds warmth and character. The bright three-season room provides valuable flex space ideal for a home office, hobby room, reading area, or additional living space. Step outside to enjoy the covered patio, perfect for relaxing or entertaining, while the corner lot enhances curb appeal and creates a more open, spacious feel. Major system updates—including a water heater (2026), HVAC system (2020), and roof (2019)—provide added peace of mind and help reduce future maintenance concerns. Whether you're a first-time buyer exploring USDA-eligible financing opportunities, downsizing into a manageable single-level home, or seeking a property with long-term rental or Airbnb-style investment flexibility, this home delivers a rare combination of location, functionality, and value. With no HOA restrictions, updated major systems, and a highly desirable Downtown Smithfield location, this property offers the flexibility, convenience, and long-term appeal that today's buyers are searching for. Schedule your showing today.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Roof: Shingle
- Construction materials: Brick Veneer,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Free-Standing Electric Range,Free-Standing Range,Microwave,Range
- Laundry features: In Hall,Inside,Main Level
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Bathtub/Shower Combination,Ceiling Fan(s),Crown Molding,Laminate Counters
- Flooring: Hardwood,Vinyl,Wood
- Number of fireplaces: 1
- Fireplace features: Family Room,Gas Log,Insert
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 1,170
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: None
- Cooling features: Ceiling Fan(s),Central Air,Heat Pump
Interior Area
- Total structure area: 1,170
- Total interior livable area: 1,170 sqft
Property
Details
- Parcel number: 15039049B
- Zoning: RES
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Deck,Enclosed,Porch
- Exterior features: Rain Gutters
- Has view: Yes
- View description: Neighborhood
Lot
- Lot size: 3,484 sqft
- Features: City Lot,Corner Lot,Front Yard,Level
- Lot size dimensions: 48 x 68 x 50 x 70
Parking
- Total spaces: 2
- Parking features: Attached,Concrete,Direct Access,Driveway,Open,Parking Pad,Private
- 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
- Winter Weather
- Hail
- Heat Wave
- Inland Flooding
- Lightning
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Johnston County and North Carolina
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,061 | $12,732 |
| Home Insurance * | $90 | $1,080 |
| Property Taxes | $164 | $1,968 |
| Electricity | $200 | $2,405 |
| Total | $1,515 | $18,180 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-04 | Listed for sale | $209,900 |
| 2022-05-06 | Sold | $175,000 |
| 2022-03-10 | Pending sale | $165,000 |
| 2022-03-10 | Listed for sale | $165,000 |
| 2019-06-04 | Sold | $115,500 |
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