FULL PHOTO ALBUM
1294 Ogburn Rd, Smithfield, NC 27577
DETAILS
Type: Single Family
Bedrooms / Baths: 3 bed / 1 bath
Living Area: 912 sq ft
Year Built: 1940
Lot Size: 0.52 acres / 22,651 sq ft
Utilities: City Water & Sewer — currently OFF
Occupancy at Closing: Vacant now
Closing Date: 10/07/26
Closing Attorney: Atlas Orange
Asking Price: $71,000
Tax value is $120,010 with annual taxes of $383 (Parcel ID 15J09025A, zoned RAG). Note: utilities are currently turned off
COMPARABLE SALES
| Address | Home Size | $/sqft | Price | Status | Beds |
| 320 Pace St | 988 sq ft | $233 | $230,000 | Sold | 3 |
| 322 Pace St | 986 sq ft | $229 | $226,000 | Sold | 3 |
| 303 Stancil St | 1,017 sq ft | $205 | $208,000 | Sold | 3 |
| 103 Phillips St | 983 sq ft | $193 | $190,000 | Sold | 2 |
| ⭐1294 Ogburn Rd (SUBJECT) | 912 sq ft | $78 | $71,000 | Asking | 3 |
Comp Average: ~$213,500 (~$215/sq ft)
Our Price: $71,000 ($78/sq ft)
Spread: ~$142,500
OVERVIEW
This 3 bed/1 bath home on over half an acre is priced at $71,000 — a $142,500 spread to the comp average of $213,500. At just $78/sq ft, this property is priced well under every comp in the immediate Smithfield area. Johnston County is one of the fastest-growing counties in North Carolina, just 30 minutes from Raleigh and Research Triangle Park, and continues to see major capital investment — Vulcan Elements Inc. recently announced a $918.1 million rare earth magnet manufacturing facility in nearby Benson, alongside existing major employers like Grifols, Novo Nordisk, Berry Global, and Amazon. Vacant now for a clean, fast close.
Source: Johnston County Economic Development, Research Triangle Regional Partnership
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.