For sale

Price cut: $1K (7/22)

$199,000

521 Locust Rd, Hillsborough, NC 27278

4beds

1,092sqft

$1,244/mo

Get pre-qualified

Single Family Residence

Built in 1982

0.46 Acres Lot

$-- Zestimate^®

$182/sqft

$-- HOA

What's special

Four-sided brick ranchDurable brick exterior

Scale your portfolio with this outstanding value-add acquisition at 521 Locust Road. Finding a low-maintenance, four-sided brick ranch at this price point in Orange County is a rarity, making it the ideal candidate for a high-performing BRRRR strategy. Offering 1,092 square feet of interior space on a premium 0.46-acre lot, this property gives you the perfect foundation to execute a rehab and force significant immediate equity. The rare 4-bedroom configuration commands a distinct rental premium and ensures robust, long-term tenant demand in the tight Hillsborough market. Furthermore, the durable brick exterior translates to excellent long-term asset preservation and minimal maintenance overhead for your property management team. Bring your contractor, tap into a high-demand pocket of Hillsborough, and unlock a high-yield cash-flow generator today!

77 days
618
37

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 1
Full bathrooms: 1
Main level bedrooms: 4

Primary bedroom

Level: Main

Heating

Baseboard

Cooling

None

Features

Flooring: Vinyl

Interior area

Total structure area: 1,092
Total interior livable area: 1,092 sqft
Finished area above ground: 1,092
Finished area below ground: 0

Property

Features

Levels: One
Stories: 1

Lot

Size: 0.46 Acres

Details

Parcel number: 9865657530
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Brick Veneer
Foundation: Slab
Roof: Shingle

Condition

New construction: No
Year built: 1982

Utilities & green energy

Sewer: Septic Tank
Water: Public

Community & HOA

Community

Subdivision: Highland Woods

HOA

Has HOA: No

Location

Region: Hillsborough

Financial & listing details

Price per square foot: $182/sqft
Tax assessed value: $198,000
Annual tax amount: $1,651
Date on market: 6/18/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,USDA Loan

Estimated market value

Not available

Estimated sales range

Not available

$1,776/mo

Price history

Date	Event	Price
7/22/2026	Price change	$199,000-0.5%$182/sqft
Source: Doorify MLS #10174950 Report a problem
6/18/2026	Listed for sale	$200,000$183/sqft
Source: Doorify MLS #10174950 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,584 +31.2%	$198,000 +81%
2024	$1,208 +3.2%	$109,400
2023	$1,171 +1.3%	$109,400
2022	$1,155 +1.2%	$109,400
2021	$1,141 +3.4%	$109,400 +9.5%
2020	$1,104	$99,900
2018	$1,104 +2.9%	$99,900
2017	$1,073 +43.9%	$99,900 +50.4%
2016	$746	$66,401
2015	$746 +3.7%	$66,401
2014	$719	$66,401
2013	--	$66,401
2012	--	$66,401 -15%
2011	--	$78,120
2010	--	$78,120
2009	--	$78,120 +21.2%
2008	$648 +4.9%	$64,436
2007	$618 +6.7%	$64,436
2006	$579	$64,436
2005	$579 +5.6%	$64,436 +9.4%
2004	$548 +3.9%	$58,898
2003	$528 +2.3%	$58,898
2002	$516 +2.9%	$58,898
2001	$501 +1.7%	$58,898 +16.4%
2000	$493	$50,595