GREAT INVESTMENT OPPORTUNITY on 1.3 ACRES in the Highly Desired PRINCETON SCHOOL DISTRICT! This approximately 1,500 SF home, built around 1940, offers tons of character and potential with 3 BEDROOMS and 2 BATHS. The property needs some TLC, making it an excellent opportunity for investors, renovators, or buyers looking to create something special. Features include a METAL ROOF and spacious lot with room to enjoy country living. Currently TENANT-OCCUPIED. Please note: ALL APPLIANCES belong to the tenant and HVAC needs work. With the right vision, this property could truly shine! CASH OR CONVENTIONAL LOAN ONLY.
Under contract
Price cut: $5.2K (7/16)
$168,844
278 Old Cornwallis Road, Princeton, NC 27569
3beds
1,503sqft
:
Get pre-qualified$1,066/mo
Single Family Residence
Built in 1940
1.3 Acres Lot
$-- Zestimate®
$112/sqft
$-- HOA
What's special
Spacious lotMetal roof
- 172 days |
- 438 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
Beth Hines 919-868-6316,
RE/MAX Southland Realty II
Source: Hive MLS,MLS#: 100575324
Originating MLS: Johnston County Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Master Bedroom, Bedroom 2, Bedroom 3, Living Room, Dining Room, Other
Primary bedroom
- Level: First
- Dimensions: 13.2 x 14.5
Bedroom 2
- Level: First
- Dimensions: 12.8 x 13.5
Bedroom 3
- Level: First
- Dimensions: 11.6 x 13.3
Dining room
- Level: First
- Dimensions: 12.8 x 12.8
Kitchen
- Level: First
- Dimensions: 10 x 11.6
Living room
- Level: First
- Dimensions: 12.5 x 15.8
Other
- Description: deck
- Dimensions: 10 x 12.1
Other
- Description: covered deck
- Level: First
- Dimensions: 4.3 x 21.8
Heating
- Other, Electric
Cooling
- Other
Features
- Master Downstairs
Interior area
- Total structure area: 1,503
- Total interior livable area: 1,503 sqft
Property
Parking
- Parking features: On Site
Accessibility
- Accessibility features: Central Living Area
Features
- Levels: One
- Patio & porch: Open, Covered, Deck
- Fencing: None
- Has view: Yes
- View description: None
- Frontage type: See Remarks
Lot
- Size: 1.3 Acres
- Dimensions: 153 x 365 x 124 x 374
- Features: Level, Wooded
Details
- Parcel number: 265300038098
- Zoning: RAG
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Wood Frame
- Foundation: Crawl Space
- Roof: Metal
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Water Connected
Community & HOA
Community
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: Princeton
Financial & listing details
- Price per square foot: $112/sqft
- Tax assessed value: $139,240
- Annual tax amount: $884
- Date on market: 5/20/2026
- Cumulative days on market: 172 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,570/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Contingent | $168,844$112/sqft |
Source: | ||
| 8/7/2026 | Pending sale | $168,844$112/sqft |
Source: | ||
| 7/16/2026 | Price change | $168,844-3%$112/sqft |
Source: | ||
| 5/19/2026 | Listed for sale | $174,066-3%$116/sqft |
Source: | ||
| 5/16/2026 | Listing removed | $179,450$119/sqft |
Source: | ||
| 2/17/2026 | Listed for sale | $179,450$119/sqft |
Source: | ||
| 2/12/2026 | Listing removed | $179,450$119/sqft |
Source: | ||
| 12/23/2025 | Price change | $179,450-3%$119/sqft |
Source: | ||
| 8/23/2025 | Listed for sale | $185,000$123/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $884 +45.1% | $139,240 +85.1% |
| 2024 | $609 +6.3% | $75,220 +3.7% |
| 2023 | $573 -4.8% | $72,520 |
| 2022 | $602 | $72,520 |
| 2021 | $602 +2.5% | $72,520 |
| 2020 | $587 | $72,520 |
| 2019 | $587 +8.7% | $72,520 +11.4% |
| 2018 | $541 | $65,120 |
| 2017 | $541 | $65,120 |
| 2016 | $541 | $65,120 |
| 2015 | $541 | $65,120 |
| 2014 | $541 | $65,120 |
| 2013 | -- | $65,120 |
| 2012 | -- | $65,120 |
| 2011 | -- | $65,120 |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 27569
Nearby schools
GreatSchools rating
- 8/10Princeton ElementaryGrades: PK-5Distance: 1.8 mi
- 6/10Princeton HighGrades: 6-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Princeton
- Middle: Princeton
- High: Princeton
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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