📸 👉 CLICK HERE FOR FULL PHOTO ALBUM 👈
🔥112 Smith Rock Dr, Holly Springs, NC 27540. Single Family. 4 bed / 3 bath. 3,030 sq ft. Sold comps averaging $551K — priced at $400K. That’s $151K below market. Tax value sitting at $491K. 🤝
Why Holly Springs ?
Holly Springs, NC is one of the Triangle’s fastest-growing and most desirable markets, fueled by top-rated Wake County schools, proximity to Research Triangle Park, and major employers like Fujifilm Diosynth Biotechnologies driving consistent housing demand. Easy access to I-540, US-55, and Raleigh makes it a magnet for professionals and families alike — keeping home values strong and rental demand tight. With sold comps running $194–$195/sq ft and active listings pricing $555K–$590K in this neighborhood, a buyer stepping in at $132/sq ft on a 3,030 sq ft home has serious room to work with on a flip, BRRRR, or long-term hold.
💰 Asking: $400,000 | Comp Average: ~$551,000 | 🔥 Spread: ~$151,000
| Type | Single Family Residence |
| Bedrooms / Baths | 4 bed / 3 bath |
| Living Area | 3,030 sq ft |
| Year Built | 2005 |
| Lot Size | 6,098 sq ft |
| Utilities | City water & sewer (Town of Holly Springs), Duke Energy, Enbridge Gas |
| Occupancy at Closing | ⚠️ Seller Occupied — POST Possession Required. Seller needs 30 days post-closing to vacate. 50% of funds held in escrow until vacated. |
| Closing Date | June 30, 2026 |
| Closing Attorney | Atlas Orange |
Condition Notes: ✅ HVAC is approximately 10 years old and serviced every 6 months by Home Comfort. ✅ Water heater is 8–9 years old and serviced every 2 years. ⚠️ Roof is approximately 20 years old — factor into your due diligence and repair budget accordingly.
Comparable Sales
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 113 Cabot Dr | 2,906 | $590,000 | $203/sq ft | Active listing — excluded from avg |
| 108 Holly Glen Ct | 3,014 | $587,000 | $195/sq ft | Sold Aug 22, 2025 |
| 417 Shorehouse Way | 3,026 | $585,000 | $193/sq ft | Active listing — excluded from avg |
| 120 Avent Pines Ln | 2,366 | $555,000 | $235/sq ft | Active listing — excluded from avg |
| 100 Oakmoss Trl | 2,660 | $515,000 | $194/sq ft | Sold Jan 5, 2026 |
| Comp Average (sold) | ~2,837 | ~$551,000 | ~$194/sq ft | Based on 2 verified sold comps |
| 🏷️ Our Price | 3,030 | $400,000 | $132/sq ft | |
| 💸 Your Spread | ~$151,000 |
Note: Three of the five comps (113 Cabot Dr, 417 Shorehouse Way, 120 Avent Pines Ln) are currently active listings and were excluded from the sold average. Active inventory in the neighborhood is pricing $555K–$590K, further supporting the margin here.
💡 At $132/sq ft, this 3,030 sq ft home is priced $62/sq ft below the sold comp average of $194–$195/sq ft — and our subject property is actually larger than both sold comps. The county tax value of $491,450 sits nearly $92K above the asking price, adding further validation to the discount. Active listings in the same neighborhood are currently pricing $155K–$190K higher than what we’re asking.
⚠️ 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.