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OVERVIEW
639 Tanglewood Dr, Fayetteville, NC 28311
At $199k, this one is priced well under the neighborhood’s sold comps — those are clearing in the $315k–$345k range, putting this deal roughly $120k+ below market on a per-square-foot basis. The home sits on a spacious 0.27-acre lot, zoned SF10, with city water and sewer already in place. It’s occupied now but confirmed vacant at closing, so there’s no tenant transition to manage. Location-wise, it’s in North Fayetteville off the Ramsey Street corridor with easy access to Hwy 295, roughly 10–12 miles from Fort Bragg (Fort Liberty) — a steady source of rental and resale demand in this submarket.
Comp Avg (Sold): ~$325,000
Rent Avg: ~$1,700/mo | Gross Yield at Asking: 10.3%
DETAILS
Type: Single Family
Bedrooms / Baths: 3 bed / 2.5 bath
Living Area: 2,018 sq ft
Year Built: 1983
Lot Size: 0.27 acres (11,761 sq ft)
Zoning: SF10
Utilities: City Water & City Sewer
Occupancy at Closing: Occupied now; will be vacant at closing
Closing Date: 08/20/2026
Closing Attorney: Atlas Orange
Tax Value: $209,520
Parcel ID: 0429-93-4913
Annual Taxes: $2,921
CONDITION
- Property sold as-is
COMPARABLE SALES
3622 Thorndike Dr — 2,263 sq ft — $345,000 ($152/sq ft) — Sold
750 Magellan Ct — 2,076 sq ft — $315,000 ($152/sq ft) — Sold
3824 Clearwater Dr — 1,990 sq ft — $315,000 ($158/sq ft) — Sold
Pending reference: 622 Dowless Dr — 1,924 sq ft — $255,000 as-is — Pending (excluded from average)
Pending reference: 3611 Thorndike Dr — 1,853 sq ft — $269,000 as-is — Pending (excluded from average)
For sale reference: 3721 Clearwater Dr — 2,076 sq ft — currently listed for sale at $339,000; previously sold as-is for $205,000
Comp Average: ~$325,000 (~$154/sq ft)
Our Price: $199,000 ($99/sq ft)
Your Spread: ~$126,000
At under $100/sq ft against a comp average of $154/sq ft, this is one of the wider spreads in the immediate area — the numbers support both a flip (large gap to renovated comps) and a hold (a 10%+ gross yield at asking is well above what most buy-and-hold investors target).
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 are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal
Closing will occur as quickly as possible, but no longer than 30 calendar days
Buyer pays all closing costs — closing costs are NOT included in the asking price
Taxes will be prorated and split between parties
$495 transaction fee payable to Bright Home Offer LLC
Closing will be conducted with our closing attorney
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing
No clean-out or clean-up of any kind will be completed
Property will not be broom clean at closing
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either:
Negotiate your commission/fee directly with your client, separate from the wholesale price, or
Adjust the wholesale price upward to include your fee
If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.