403 Laurel Dr Smithfield, NC 27577

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3 beds · 1 bath · 1,200 sq ft · Lot Size: 15,439 sq ft · Single Family Home
Est. Property Value: $225,400

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403 Laurel Dr is in the 27577 neighborhood of Smithfield, NC. It is located in Johnston County and ZIP code 27577. This Single Family Home was built in 1974 and is approximately 51 years old. The single family home spans 1200 sq ft with 3 bedrooms and 1 bathroom and sits on a 15439 sq ft lot. According to public records, it has a tax-assessed value of $93,500, which is $188 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 403 Laurel Dr Smithfield, NC 27577 with Property Intel by Whitepages.

Owners & Occupancy for 403 Laurel Dr

This property is owned by Terry S Winfree. Owner contact information includes 4 phone numbers.

Property Owners

Cell Phone(336) ***-****View Cell Phone
Residence****************
Landline(704) 483-2398
Distance from Property**********
Residence****************
Landline(336) 886-8003
Distance from Property**********

Occupancy

Resident 1**************** age 64

Property Financials for 403 Laurel Dr

403 Laurel Dr, Smithfield, NC has no known mortgage. The Johnston county assessment for 2024 values it at $93,500, with annual taxes of $1,159.

Property Tax

Property Tax Amount$1,159 in 2024
Assessed Value$93,500 on 2024

Investment Potential for 403 Laurel Dr

The property has a current estimated value of $225,400, which is 11% below the zip median. Projected long-term rental income is $21,600 annually ($1,800 per month) with a 90% occupancy rate.

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Long-Term

Gross Rental
$21,600 per year($1,800 per month)
Net Operating Income
Cap Rate
Occupancy Rate
90%in 27577 zip code
 
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Property Details for 403 Laurel Dr

Property Details

Property Sq Ft

Living Area

1,200 sq ft

21% below market

Lot Size

15,439 sq ft

37% below market

Price Per Sq Ft

Living Area

$188 / sq ft

17% above market

Lot Size Area

$15 / sq ft

34% above market

Property condition, age, exterior, etc. for 403 Laurel…
Longitude: -78.356452 Latitude: 35.540909 Parcel Number (APN): 15K09153J…

Recommended Properties in 27577

Discover more single family homes near 403 Laurel Dr in Smithfield, North Carolina. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 403 Laurel Dr in Johnston County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$225,400
$257,944
-$32,544 (-13%)
$368,113
-$104,688 (-28%)
YoY Price Change
2.32%
-721%
Year Built
1974
1990
-16 years
Living Space
1,200 sq ft
1,590 sq ft
-390 (-25%)
$ Per Living Sq Ft
$188
$158
$30 (19%)
Lot Size
15,439 sq ft
20,473 sq ft
-5034 (-25%)
$ Per Lot Sq Ft
$15
$12
$3 (22%)

Net Operating Income
$18,197
-$2,290 (-13%)
Annual Revenue
$21,600
$25,200
-$3,600 (-14%)
$6,673
-$980 (-15%)
Net Operating Income
$18,197
-$2,290 (-13%)
Cap Rate
6.84%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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