514 S 5th St, Smithfield, NC, 27577
About This Home
Price improvement! Opportunity Awaits in Downtown Smithfield! - Restore the Charm of This 1924 Classic Step into the potential of this 1924 home located just minutes from the heart of downtown Smithfield. With over 3,300 square feet, 5 bedrooms, and 3 full bathrooms, this property offers a rare opportunity to reimagine a historic home to fit your vision. Situated on a corner lot, the home features a flexible floor plan with a primary suite on the main level, multiple living spaces, and a spacious kitchen with adjoining dining area. Upstairs, you'll find four additional bedrooms with a connected layout, offering unique possibilities for redesign or creative use. Over the years, updates have been made that may not reflect the home's original character, presenting an excellent opportunity for a buyer to restore and customize to their own style. Whether you're looking to bring back its historic charm, create a multi-generational living space, or explore investment potential, this property offers the square footage and location to make it happen. Additional features include an unfinished basement for storage or future use, multiple entrances, and a walkable location near downtown shops, dining, and local amenities. With strong growth in the Smithfield area and convenient access to Clayton and Raleigh, this property is ideally positioned for those seeking space, character, and long-term upside. Bring your vision and unlock the potential of this one-of-a-kind home.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1924
Materials
- Roof: Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Appliances included: Dishwasher,Exhaust Fan,Gas Range,Gas Water Heater,Refrigerator,Washer/Dryer
- Laundry features: Laundry Room,Main Level
Basement
- Has basement: Yes
- Basement: Concrete, Storage Space, Sump Pump, Unfinished, Unheated
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- High Ceilings
- Door features: French Doors
- Flooring: Vinyl
- Finished area below ground: 0
- Finished area above ground: 3,349
Heating & Cooling
- Heating features: Gas Pack,Natural Gas
- Cooling features: Ceiling Fan(s),Central Air
Interior Area
- Total structure area: 3,349
- Total interior livable area: 3,349 sqft
Property
Details
- Parcel number: 15035031
- Zoning: RES
- Special condition: Standard
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Deck
- Exterior features: Fenced Yard
- Fencing: Back Yard, Privacy
- Has view: Yes
Lot
- Lot size: 0.26 Acres
- Features: Corner Lot
Parking
- Total spaces: 6
- Parking features: Driveway,On Street
- Has uncovered spaces: Yes
- Uncovered spaces: 4
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 | $1,915 | $22,980 |
| Home Insurance * | $163 | $1,956 |
| Property Taxes | $297 | $3,564 |
| Electricity | $311 | $3,743 |
| Total | $2,686 | $32,232 |
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 |
|---|---|---|
| 2026-04-29 | Price change | $399,900 |
| 2026-04-07 | Price change | $414,900 |
| 2026-03-31 | Price change | $434,900 |
| 2026-03-24 | Price change | $449,900 |
| 2026-03-07 | Listed for sale | $469,900 |
| 2024-11-25 | Sold | $450,000 |
| 2023-10-24 | Listing removed | -- |
| 2023-09-13 | Price change | $485,000 |
| 2023-09-01 | Listed for sale | $500,000 |
| 2023-07-27 | Listing removed | -- |
| 2023-07-25 | Price change | $2,450 |
| 2023-07-21 | Listed for rent | $2,500 |
| 2023-07-21 | Listing removed | -- |
| 2023-07-03 | Price change | $400,000 |
| 2023-06-29 | Price change | $420,000 |
| 2023-06-19 | Price change | $440,000 |
| 2023-06-07 | Price change | $460,000 |
| 2023-05-26 | Listed for sale | $480,000 |
| 2022-11-02 | Listing removed | -- |
| 2022-10-30 | Listed for rent | $2,500 |
| 2022-10-30 | Listing removed | -- |
| 2022-10-13 | Price change | $450,000 |
| 2022-10-02 | Listed for sale | $480,000 |
| 2021-07-06 | Sold | $295,000 |
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