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157 Mystic Ln, Raeford, NC 28376
DETAILS
Type: Single Family Home AND Adjacent Lot (Package Deal)
Bedrooms / Baths: 2 bed / 1 bath
Living Area: 720 sq ft
Year Built: 1964
Lot Size: 1.60 acres combined
Utilities: County Water & Septic
Occupancy at Closing: Vacant now
Closing Date: 09/10/26
Closing Attorney: Atlas Orange
Asking Price: $44,000
This price covers both 157 Mystic Ln and the adjacent lot (PIN #394030001116); tax cards are available for the house parcel and the vacant lot parcel.
COMPARABLE SALES (Land Value)
3938 Gainey Rd, Raeford, NC 28376 — 1.29 acres — $55,000 (~$42,600/acre) — Sold February 2026, vacant land
6606 Laurinburg Rd, Raeford, NC 28376 — 1.00 acres — $85,000 (~$85,000/acre) — Sold June 2026, vacant land
1891 Wallace McLean Rd, Raeford, NC 28376 — 1.04 acres — $35,500 (~$34,100/acre) — Sold September 2025, vacant land
Land Value Average: ~$58,500
Land $/Acre Average: ~$53,900/acre
Our Price (for 1.60 acres + house): $44,000 (~$27,500/acre)
Spread to Land Value Avg: ~$14,500
OVERVIEW
This package deal includes both 157 Mystic Ln and its adjacent lot — 1.60 acres combined — for $44,000, well under the average land value of comparable vacant lots in the immediate Raeford area. At roughly $27,500/acre, this is priced below every land comp in the set, and that’s before factoring in the existing 2 bed/1 bath home on the primary parcel. Raeford and Hoke County continue to see real investment — Pennsylvania Transformer Technology recently announced a $102.5 million expansion in Raeford itself, adding 217 new jobs at an average salary of $64,949, well above the county’s current average wage. With county water and septic already in place, this is a straightforward opportunity for a buyer looking to rehab the existing home, build on the second lot, or both.
Source: NC Commerce — Governor Stein Announcement, Business North Carolina
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.