🔥 5253 Covenwood Dr, Fayetteville, NC 28303. Single Family. 3 bed / 3 bath. 2,115 sq ft — largest in the comp set. Quarter acre. Near Fort Bragg. Comps averaging $229K — priced at $165K. 🤝
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💰 Asking: $165,000 | Comp Average: ~$229,000 | 🔥 Spread: ~$64,000
🏠 Property Details
| Type | Single Family Home |
| Bedrooms / Baths | 3 bed / 3 bath |
| Living Area | 2,115 sq ft |
| Year Built | 1971 |
| Lot Size | 0.26 acres |
| Parking | 1-car attached carport |
| Utilities | City Water & Sewer + PWC Electric & Gas |
| Occupancy at Closing | ✅ Will be vacant at closing |
| Closing Date | April 6, 2026 |
| Closing Attorney | Atlas Orange |
🔧 Condition Notes
Roof approximately 5 years old — in good condition.
HVAC is 10+ years old and should be factored into your numbers.
📊 Comparable Sales
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 544 Cimarron Dr, Fayetteville | 1,885 | $254,700 | $135/sq ft | Sold 10/25 — Fully Renovated |
| 512 Dashland Dr, Fayetteville | 1,801 | $249,900 | $139/sq ft | Sold 5/25 — Renovated, 1971 Build |
| 5210 Brookfield Rd, Fayetteville | — | $239,000 | — | Pending — Active, Not In Average |
| 411 Lotus Dr, Fayetteville | 1,810 | $232,000 | $128/sq ft | Sold 12/25 — Updated Ranch |
| 548 Cimarron Dr, Fayetteville | 2,034 | $219,990 | $108/sq ft | Sold — Brick Ranch, Modern Updates |
| 405 Quail Ct, Fayetteville | 1,315 | $190,000 | $144/sq ft | Sold As-Is — Floor Comp |
| Comp Average (sold) | ~1,769 | ~$229,000 | ~$131/sq ft | |
| 🏷️ Our Price | 2,115 | $165,000 | $78/sq ft | Largest home in comp set |
| 💸 Your Spread | ~$64,000 |
Note: 5210 Brookfield Rd is pending at $239K — included for market context but excluded from the sold average.
💡 Why this works: At $78/sq ft you’re buying the largest home in the comp set — 2,115 sq ft vs a comp average of ~1,769 sq ft — at a price well below even the as-is floor comp ($190K). The roof is only 5 years old. Budget the HVAC replacement, do the cosmetics, and you have a clear path to the $220K–$255K range in a 28303 zip with consistent demand near Fort Bragg.
⚠️ DISCLAIMER — Please Read Before Submitting an Offer
📋 Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and do not represent the owner.
🚫 Do not contact the Seller directly. Any attempt to contact, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed without our explicit written consent and execution of a joint venture agreement.
🔍 Due Diligence
Buyers are responsible for their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
💰 Offer & Deposit Terms
- $5,000 non-refundable deposit due within 24 hours of signing
- Closing no longer than 30 calendar days
- Buyer pays all closing costs — not included in asking price
- Taxes prorated and split between parties
- Closing through our closing attorney
🏚️ As-Is Terms
Property is offered as-is, where-is, no warranties. By submitting an offer you accept these terms.
- ❌ No repairs or improvements prior to closing
- ❌ No clean-out or clean-up of any kind
- ❌ Property will not be broom clean at closing
🤝 Realtors & Wholesalers
The wholesale price does not include your commission or fee. You may either negotiate your fee directly with your client or adjust the wholesale price upward to account for it. If you’d like to be compensated by us, include those terms in your offer or reach out before submitting.