2314 Knollwood Ln · Piney Green, NC 28544

$165,000

2 bd · 1.0 ba · 941 sqft · SingleFamily public records · 24 Days on market

Built 1984 5,227 sqft lot Est $186k · 11% under

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.0/30.0
• ARV discount +12.6/15.0
• Appreciation +9.1/10.0
• DSCR +4.9/10.0
• Schools +3.9/10.0
• 1% rule +3.1/10.0
• Livability +3.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome home to this wonderful townhome in Hunters Creek! This charming two bedrooms, one and a half bathroom home is conveniently located close to Camp Lejeune and area beaches. The home is out of the city limits and without HOA restrictions! This home features a split floor plan providing privacy for each bedroom. The living room features a wood burning fireplace with a wood accent wall and vaulted ceiling! This adorable home includes a nice backyard with a patio and attached storage room! The seller is offering $2,000 use-as-you-choose allowance! Be sure to schedule your showing today!

Key facts

• 5,227 sq ft lot
• Built 1984
• Listed 23 days

Property features AI

Finance

• Other: Zoning: TCA
• HOA & community: No association amenities

Exterior

• Parking: Concrete parking surface
• Utilities: Public water; Sewer connected; Water connected
• Home design: Duplex; Single-level (one story), entry level 1; Residential single family residence
• Construction: Brick, vinyl siding, and frame construction; Slab foundation; Built on one level
• Exterior features: Storm door(s); Wire and chain-link fencing; Shingle roof; Has a view; No patio or porch

Interior

• Kitchen: Range; Refrigerator; Dishwasher; Vented exhaust fan; Electric water heater
• Bedrooms: Total rooms: 5
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump; Electric heating; Fireplace(s); Central air conditioning
• Interior features: Vaulted and high ceilings; Window coverings; Furnished
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $81 ($971/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $134k (18.7% below list).
• Recommended offer: $134k (18.7% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 3.6% in Piney Green — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 60/100 on livability (#524 in NC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, employment D+, amenities F.
• Onslow County Schools (other): math 42% / reading 49% proficiency, ranked #84 of 178 in NC (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hunters Creek Elementary (math 27% / reading 35%, grade F, #954 of 1,410 statewide, top 68%, 653 students, 67% FRL); Hunters Creek Middle (math 32% / reading 44%, grade F, #251 of 475 statewide, top 54%, 922 students, 55% FRL); White Oak High (math 57% / reading 54%, grade C, #265 of 535 statewide, top 50%, 1,207 students, 49% FRL) — zoned schools average 57% FRL vs 37% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.4%/yr); 31 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,246 units permitted in Onslow County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $15k of equity ($1k loan paydown + $13k appreciation (8.2% local appreciation)).
• At projected returns (8.2% appreciation + 1.4% rent growth), your $46k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $128k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 98% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $134,066 (18.7% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.81% ✗
• Cap rate: 6.88%
• Cash-on-cash: 2.10%
• DSCR: 1.09
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $186,318
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2903 Norbrick St	0.19mi	3/2.0 (+1)	1,011 (+7%)	3mo	$173,000	$171	67
2913 Norbrick St	0.17mi	3/2.0 (+1)	1,037 (+10%)	19mo	$200,000	$193	50
2902 Norbrick St	0.22mi	3/2.0 (+1)	1,073 (+14%)	10mo	$226,500	$211	49
2616 Brookfield Dr	0.16mi	3/2.0 (+1)	1,037 (+10%)	23mo	$205,000	$198	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

8.15% appreciation · 1.43% rent growth · sell at horizon

5-year hold

• IRR: 21.4%
• Equity multiple: 2.57×
• Total profit: $72,509
• Equity at exit: $127,001

10-year hold

• IRR: 19.2%
• Equity multiple: 5.38×
• Total profit: $202,399
• Equity at exit: $253,682

Cash invested: $46,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 85 Strongly Landlord-Friendly
• State North Carolina: 85 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

10-day notice; preempted; landlord-favorable but court speed varies.

Methodology + full state rankings →

ZIP-level market 28544

• Home prices YoY: 4.2%
• Rents YoY: 1.4%
• Active inventory: 31
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,341 high
• Mortgage (P&I): −$865
• Tax from tax record: −$44 /mo · $530/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $81

Break-even live

Break-even rent $1,238

Max offer price $165,000

Occupancy floor 89%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2910 Norbrick St Midway Park, NC	3.0	2.0	1011	$1,500	$1.48	21d	1	0.22mi
2033 Brandymill Ln Jacksonville, NC	2.0	2.5	992	$1,300	$1.31	21d	1	0.75mi
1110 Pueblo Dr Jacksonville, NC	2.0	2.5	992	$1,250	$1.26	21d	1	0.78mi
1000 Yorktown Ln Jacksonville, NC	1.0	1.0	936	$1,300	$1.39	21d	1	0.83mi
981 W Pueblo Dr Jacksonville, NC	2.0	2.0	882	$1,250	$1.42	21d	1	0.83mi
977 W Pueblo Dr Jacksonville, NC	2.0	2.5	992	$1,195	$1.20	21d	1	0.83mi
209 Mesa Ln Jacksonville, NC	2.0	2.5	992	$1,350	$1.36	21d	1	0.95mi
134 Littleton St Midway Park, NC	2.0	1.0	840	$950	$1.13	13d	1	1.21mi

Listing history 30 events

1. 2026-06-19
   days on market $165,000 Active 24 DOM
2. 2026-06-18
   days on market $165,000 Active 23 DOM
3. 2026-06-17
   days on market $165,000 Active 22 DOM
4. 2026-06-16
   price $165,000 Active 21 DOM
5. 2026-06-16
   days on market $169,500 Active 21 DOM
6. 2026-06-15
   status $169,500 Active 20 DOM
7. 2026-06-15
   days on market $169,500 Active Under Contract 20 DOM
8. 2026-06-14
   days on market $169,500 Active Under Contract 18 DOM
9. 2026-06-13
   days on market $169,500 Active Under Contract 17 DOM
10. 2026-06-10
    days on market $169,500 Active Under Contract 15 DOM
11. 2026-06-09
    days on market $169,500 Active Under Contract 14 DOM
12. 2026-06-09
    days on market $169,500 Active Under Contract 13 DOM
13. 2026-06-07
    days on market $169,500 Active Under Contract 12 DOM
14. 2026-06-03
    days on market $169,500 Active Under Contract 8 DOM
15. 2026-06-02
    days on market $169,500 Active Under Contract 7 DOM
16. 2026-06-01
    days on market $169,500 Active Under Contract 6 DOM
17. 2026-06-01
    status $169,500 Active Under Contract 5 DOM
18. 2026-05-31
    days on market $169,500 Active 5 DOM
19. 2026-05-30
    days on market $169,500 Active 4 DOM
20. 2026-05-26
    listed $169,500 Active
21. 2026-05-26
    price $169,500
22. 2026-05-18
    price $155,000
23. 2023-01-25
    soldstatus $128,000 Closed 604-char remark

    Show marketing remark (604 chars)

    Welcome home to this wonderful townhome in Hunters Creek! This charming two bedrooms, one and a half bathroom home is conveniently located close to Camp Lejeune and area beaches. The home is out of the city limits and without HOA restrictions! This home features a split floor plan providing privacy for each bedroom. The living room features a wood burning fireplace with a wood accent wall and vaulted ceiling! This adorable home includes a nice backyard with a patio and attached storage room! The seller is offering $2,000 use-as-you-choose allowance! Be sure to schedule your showing today!

24. 2023-01-25
    soldstatus $128,000

    Show marketing remark (604 chars)

    Welcome home to this wonderful townhome in Hunters Creek! This charming two bedrooms, one and a half bathroom home is conveniently located close to Camp Lejeune and area beaches. The home is out of the city limits and without HOA restrictions! This home features a split floor plan providing privacy for each bedroom. The living room features a wood burning fireplace with a wood accent wall and vaulted ceiling! This adorable home includes a nice backyard with a patio and attached storage room! The seller is offering $2,000 use-as-you-choose allowance! Be sure to schedule your showing today!

25. 2022-12-12
    status Pending 604-char remark

    Show marketing remark (604 chars)

    Welcome home to this wonderful townhome in Hunters Creek! This charming two bedrooms, one and a half bathroom home is conveniently located close to Camp Lejeune and area beaches. The home is out of the city limits and without HOA restrictions! This home features a split floor plan providing privacy for each bedroom. The living room features a wood burning fireplace with a wood accent wall and vaulted ceiling! This adorable home includes a nice backyard with a patio and attached storage room! The seller is offering $2,000 use-as-you-choose allowance! Be sure to schedule your showing today!

26. 2022-12-08
    listed $128,000 Active 604-char remark

    Show marketing remark (604 chars)

    Welcome home to this wonderful townhome in Hunters Creek! This charming two bedrooms, one and a half bathroom home is conveniently located close to Camp Lejeune and area beaches. The home is out of the city limits and without HOA restrictions! This home features a split floor plan providing privacy for each bedroom. The living room features a wood burning fireplace with a wood accent wall and vaulted ceiling! This adorable home includes a nice backyard with a patio and attached storage room! The seller is offering $2,000 use-as-you-choose allowance! Be sure to schedule your showing today!

27. 2019-01-14
    soldstatus $70,000 597-char remark

    Show marketing remark (597 chars)

    Amazing 2 Bed/2 Full Bath Duplex With Brand Spankin' New Architectural Shingled Roof!! WoooHoo! Duplex Also Has Vinyl & Brick Siding, Fenced Back Yard & Lovely Open Patio! Interior Features Include LVP Flooring, Carpet Installed In 2017, Home Painted In 2017, Water Heater Just One Year Old With Fully Equipped Kitchen & A Laundry Room! Have I Mentioned That The Master Bedroom Has It's Very Own Walk-In Closet?!? What A Package!! Just 2.5 Miles To Camp Lejeune Main Gate Exit & Super Close To Jacksonville City Central!! Schedule Your Showing Today & WELCOME HOME!!!

28. 2019-01-14
    soldstatus $70,000

    Show marketing remark (597 chars)

    Amazing 2 Bed/2 Full Bath Duplex With Brand Spankin' New Architectural Shingled Roof!! WoooHoo! Duplex Also Has Vinyl & Brick Siding, Fenced Back Yard & Lovely Open Patio! Interior Features Include LVP Flooring, Carpet Installed In 2017, Home Painted In 2017, Water Heater Just One Year Old With Fully Equipped Kitchen & A Laundry Room! Have I Mentioned That The Master Bedroom Has It's Very Own Walk-In Closet?!? What A Package!! Just 2.5 Miles To Camp Lejeune Main Gate Exit & Super Close To Jacksonville City Central!! Schedule Your Showing Today & WELCOME HOME!!!

29. 2018-11-26
    listed $75,000 597-char remark

    Show marketing remark (597 chars)

    Amazing 2 Bed/2 Full Bath Duplex With Brand Spankin' New Architectural Shingled Roof!! WoooHoo! Duplex Also Has Vinyl & Brick Siding, Fenced Back Yard & Lovely Open Patio! Interior Features Include LVP Flooring, Carpet Installed In 2017, Home Painted In 2017, Water Heater Just One Year Old With Fully Equipped Kitchen & A Laundry Room! Have I Mentioned That The Master Bedroom Has It's Very Own Walk-In Closet?!? What A Package!! Just 2.5 Miles To Camp Lejeune Main Gate Exit & Super Close To Jacksonville City Central!! Schedule Your Showing Today & WELCOME HOME!!!

30. 2008-02-14
    soldstatus $75,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NC · Resets to sale price

• Current annual tax: $530 · $44/mo
• Projected year-2 tax: $1,353 · $113/mo
• Expected delta: +$823/yr (+$69/mo · 155.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 98% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,088
• − Mortgage interest: −$9,243
• − Property taxes: −$530
• − Insurance: −$825
• − Repairs & maintenance: −$1,287
• − Management: −$1,287
• − Depreciation: −$4,800
• Taxable loss: −$1,883
• Est. tax savings @ 24.0%: +$452
• After-tax cash flow: $1,423/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Onslow County Schools
• NCES district ID: 3703450
• Math proficiency: 42% ▲ 6.00%
• Reading proficiency: 49% ▲ 5.00%
• Median HH income: $46,076
• Composite: 38.66/100
• National rank: #4148
• State rank: #84 of 178 in NC

Livability — Piney Green

• Score: 60/100
• State rank: #524
• US rank: #19401

Category grades

Amenities F Commute F Cost of living A+ Crime D+ Employment D+ Housing A+ Health & safety D- User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Piney Green, NC
• County: Onslow County · 164,453 people
• Metro: Jacksonville, NC
• Population (ZIP): 4,386
• Household income: $52,354
• Rent vs Own: 65.4% rent · 34.6% own
• Severe rent burden: 291.0

Population outlook (Onslow County) Hauer SSP2

• Today (2025): 189,789 people
• By 2030: 194,463 · +2.5%
• By 2040: 193,629 · +2.0%
• By 2050: 193,248 · +1.8%
• By 2075: 196,995 · +3.8%
• By 2100: 201,513 · +6.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: White 44% Two or more races 20% Black 20% Hispanic / Latino 20%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Serbian 3% Romanian 3% Scandinavian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 87% English-only · Spanish 11% Other Asian/Pacific 1%

Political lean MEDSL · Onslow

• 2024 margin: Solid R (+35.9) · D 31.5% · R 67.5% · Other 1.0%
• 2008→2024 swing: -14.5pp toward R · 2008: -21.5pp · 2024: -35.9pp
• All cycles: 2024: R+35.9 2020: R+30.2 2016: R+34.6 2012: R+27.0 2008: R+21.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.15%
• Current HPI: 203.4839
• Rent YoY: ▲ 1.43%
• Metro: Jacksonville, NC
• State GDP YoY: ▲ 3.28%
• F500 in state: 26

Industry mix (Fortune 500 HQ in NC)

Industry	F500 HQs	Revenue
▸Financial Services	2	$213B
▸Retail	2	$95B
▸Industrial Conglomerate	1	$38B
▸Metals / Steel	1	$35B
▸Utilities	1	$30B
▸Industrial Machinery	1	$19B

Price history

+126.0% since first listed

11 events — show timeline

• 2026-05-26 Listed $169,500 Hive MLS
• 2026-05-26 Price Changed $169,500 Hive MLS
• 2026-05-18 Price Changed $155,000 Hive MLS
• 2023-01-25 Sold (Public Records) $128,000 Public Records
• 2023-01-25 Sold (MLS) $128,000 Hive MLS
• 2022-12-12 Pending — Hive MLS
• 2022-12-08 Listed $128,000 Hive MLS
• 2019-01-14 Sold (Public Records) $70,000 Public Records
• 2019-01-14 Sold (MLS) $70,000 Hive MLS
• 2018-11-26 Listed $75,000 Hive MLS
• 2008-02-14 Sold (Public Records) $75,000 Public Records

Property tax history

+1.4%/yr

Latest (2025): $530 · +0.0% YoY. Source: county tax records.