Attention INVESTORS! How many properties hit the 1% rule for long term rental anymore? With a purchase price of $125k this property is estimated to generate $1250 per month. That doesn't account for the potential of the second lot that comes with this house & has an older building that appears to have been a 1 bed, 1 bath ADU at one time. Fix up the ADU & rent it out for an even higher ROI (buyer to verify ability to do this). If you really want to get creative, there is also an RV pad on the vacant lot that could be used for even more income. The single level, 3 bed, 2 bath main home at 306 Old Loy Ave has been fully updated. The metal roof should be maintenance free for years & the hvac was replaced in 2021! Siding is hardie board. New vapor barrier under house w/ termite bond included. New shims, straps, & anchors have been installed in the crawlspace as well. Inside has been freshly painted in a neutral shade of grey. New LVP floors, light fixtures, switches, & receptacles throughout, along w/ updated bathrooms. New cabinets, countertops, & appliances in the kitchen. A large, covered patio out back is the perfect place for relaxing, rocking, or dining in cooler weather. The sandy area is where a storage building was removed. The additional lot is located diagonally behind the house. Septic tank has had roots removed, been pumped, & hydro jetted & is located on the additional lot. There is a storage building as well. Please note that GIS does not accurately depict property lines. The home has been permanently affixed to the property. Acreage & lot square fee are for both lots combined. Cash sale only.
Sold for $125,000
$125,000
306 Old Loy Avenue, Jacksonville, NC 28540
3beds
1,222sqft
Manufactured Home
Built in 1983
0.7 Acres Lot
$183,200 Zestimate®
$102/sqft
$1,254 Estimated rent
Home value
$183,200
$169,000 - $198,000
$1,254/mo
Zestimate® history
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$597/mo
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List your homeWhat's special
New shimsLight fixturesMetal roofNew lvp floorsNew cabinets
Zillow last checked:
Listing updated:
Listed by:
Team Prestige Homes 910-805-8089,
eXp Realty,
Ed T Coulbourn 910-492-2500,
eXp Realty
Bought with:
Jodi T Crumpler, 288007
Live Where You Love Realty LLC
Source: Hive MLS,MLS#: 100396725
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Living Room, Kitchen, Dining Room, Master Bedroom, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Primary bedroom
- Level: First
- Dimensions: 13 x 13
Bedroom 2
- Level: First
- Dimensions: 10 x 13
Bedroom 3
- Level: First
- Dimensions: 10 x 10
Bathroom 1
- Level: First
- Dimensions: 11 x 9
Bathroom 2
- Level: First
- Dimensions: 8 x 5
Dining room
- Level: First
- Dimensions: 11 x 8
Kitchen
- Level: First
- Dimensions: 11 x 9
Living room
- Level: First
- Dimensions: 13 x 20
Heating
- Heat Pump, Electric
Cooling
- Central Air, Heat Pump
Appliances
- Included: Vented Exhaust Fan, Electric Oven, Range, Dishwasher
Features
- Master Downstairs, Ceiling Fan(s)
- Flooring: LVT/LVP
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,222
- Total interior livable area: 1,222 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off Street, On Site
- Uncovered spaces: 6
- Details: Multiple
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio, Porch
- Fencing: Back Yard,Chain Link,Full
Lot
- Size: 0.7 Acres
- Dimensions: 12 x 148 x 103 x 148 (306 Old Loy)
- Features: Open Lot, Dead End
Details
- Additional structures: Shed(s), Storage, Workshop
- Parcel number: 754b27
- Zoning: R-8M
- Special conditions: Standard
Construction
Type & style
- Home type: MobileManufactured
- Property subtype: Manufactured Home
Materials
- Vinyl Siding, Fiber Cement
- Foundation: Combination, Brick/Mortar, Block, Crawl Space
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Water: Public
- Utilities for property: Water Available, See Remarks
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Other
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Jacksonville
Financial & listing details
- Price per square foot: $102/sqft
- Tax assessed value: $54,102
- Annual tax amount: $354
- Date on market: 10/12/2025
- Cumulative days on market: 5 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2023 | Sold | $125,000$102/sqft |
Source:  Hive MLS #100396725 Report a problem | ||
| 7/31/2023 | Pending sale | $125,000$102/sqft |
Source: Hive MLS #100396725 Report a problem | ||
| 7/27/2023 | Listed for sale | $125,000-7.4%$102/sqft |
Source: Hive MLS #100396725 Report a problem | ||
| 3/8/2023 | Listing removed | -- |
Source: Hive MLS #100357175 Report a problem | ||
| 3/8/2023 | Listed for sale | $135,000$110/sqft |
Source: Hive MLS #100357175 Report a problem | ||
| 2/27/2023 | Pending sale | $135,000$110/sqft |
Source: Hive MLS #100357175 Report a problem | ||
| 2/21/2023 | Price change | $135,000-6.9%$110/sqft |
Source: Hive MLS #100357175 Report a problem | ||
| 2/6/2023 | Price change | $145,000-3.3%$119/sqft |
Source: Hive MLS #100357175 Report a problem | ||
| 1/19/2023 | Listed for sale | $150,000$123/sqft |
Source: Hive MLS #100357175 Report a problem | ||
| 12/3/2022 | Pending sale | $150,000$123/sqft |
Source: Hive MLS #100357175 Report a problem | ||
| 12/1/2022 | Price change | $150,000-6.3%$123/sqft |
Source: Hive MLS #100357175 Report a problem | ||
| 11/16/2022 | Price change | $160,000-3%$131/sqft |
Source: Hive MLS #100357175 Report a problem | ||
| 11/7/2022 | Listed for sale | $165,000+175%$135/sqft |
Source: Hive MLS #100357175 Report a problem | ||
| 9/9/2015 | Sold | $60,000-23.1%$49/sqft |
Source: Hive MLS #80166116 Report a problem | ||
| 8/17/2015 | Pending sale | $78,000$64/sqft |
Source: BlueCoast Realty Jacksonville #166116 Report a problem | ||
| 5/12/2015 | Listed for sale | $78,000$64/sqft |
Source: BlueCoast Realty Jacksonville #166116 Report a problem | ||
| 1/27/2015 | Listing removed | $78,000$64/sqft |
Source: Keller Williams Realty #159902 Report a problem | ||
| 11/1/2014 | Listed for sale | $78,000$64/sqft |
Source: Keller Williams Realty #159902 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $354 | $54,102 |
| 2024 | $354 | $54,102 |
| 2023 | $354 -0.1% | $54,102 |
| 2022 | $354 +23.2% | $54,102 +32.6% |
| 2021 | $288 | $40,790 |
| 2020 | $288 +291.8% | $40,790 +9% |
| 2019 | $73 -74.5% | $37,430 -8.2% |
| 2018 | $288 -36.9% | $40,790 -39.6% |
| 2017 | $456 | $67,490 |
| 2016 | $456 | $67,490 |
| 2015 | $456 | $67,490 |
| 2014 | $456 +9.7% | $67,490 -4.9% |
| 2013 | $415 | $70,970 |
| 2012 | $415 | $70,970 |
| 2011 | $415 | $70,970 |
| 2010 | $415 +25.3% | $70,970 +26.4% |
| 2009 | $331 -56.4% | $56,169 |
| 2008 | $760 -2% | $56,169 |
| 2007 | $775 -0.2% | $56,169 |
| 2006 | $777 -15% | $56,169 +10.4% |
| 2005 | $914 | $50,896 |
Find assessor info on the county website
Neighborhood: 28540
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- $50,0003 bd2 ba999 sqft136 S Loy Ave, Jacksonville, NC 28540Sold
- $16,0001.7 AcresLoy Ave, Jacksonville, NC 28540Off Market
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Nearby schools
GreatSchools rating
- 5/10Southwest ElementaryGrades: PK-5Distance: 5.4 mi
- 7/10Dixon MiddleGrades: 6-8Distance: 8.7 mi
- 5/10Dixon HighGrades: 9-12Distance: 5.8 mi
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Estimated market value
$183,200
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Estimated market value
$183,200
- North Carolina
- Onslow County
- Jacksonville
- 28540
- 306 Old Loy Avenue
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