Situated in rural Hyde County within Eastern North Carolina’s coastal plain, 1934 Loop Road in Scranton, NC 27875 presents a multi-faceted real estate opportunity listed at $110,000. Encompassing 12.99 acres split across two distinct parcels, the property pairs an early 1900s historic 1,600-square-foot farmhouse with direct creekfront water access on Jones Creek, 7 to 9 acres of harvestable pine timber, and prime waterfowl and big game habitat.
Priced at $8,468.05 per acre—or just $68.75 per square foot of living space—this listing has experienced a cumulative $19,000 (-14.73%) price cut from its initial $129,000 launch. With a tax assessed value of $103,819 and annual property taxes of $1,135.14 per year ($94.60 per month), the asking price sits within 6% of county tax assessment, offering low holding overhead for restoration enthusiasts, hunters, and land investors.
Property Specification & Parameter Summary
Evaluating county tax records, MLS listing data, and geographic positioning provides the technical baseline for this Scranton property.
| Property Parameter | Official Listing Disclosures & Public Data |
| Street Address | 1934 Loop Road, Scranton, NC 27875 |
| County / Region | Hyde County / Coastal Eastern North Carolina |
| Parcel Identification Number | Parcel #3441 (Totaling 2 Parcels) |
| Current Asking Price | $110,000 (Reduced by $5,000 on September 8, 2026) |
| Original List Price (August 2026) | $129,000 |
| Net Price Discount | -$19,000 (-14.73% cumulative reduction) |
| Total Surveyed Land Footprint | 12.99 Acres (565,844 Square Feet) |
| Parcel Configuration | ~12-Acre Main Tract (House/Timber) + ~1-Acre Separate Plot |
| Price Per Acre | $8,468.05 per acre |
| Price Per Building Square Foot | $68.75 per sq. ft. ($110,000 ÷ 1,600 sq. ft.) |
| Farmhouse Footprint | ~1,600 Sq. Ft. Livable + 165 Sq. Ft. Screened Porch |
| Architectural Era & Layout | Early 1900s Classic Farmhouse (3 Upstairs Rooms, 2 Downstairs Living Rooms) |
| Waterfront Ownership | Direct Creekfront Access on Jones Creek (Feeds Slade Creek & Pungo River) |
| Road Frontage Length | 725 Linear Feet on Loop Road |
| Timber Canopy | 7 to 9 Acres of Stand Harvestable Pine Timber |
| Utilities Connected / Available | Municipal Public Water Connected / Electricity Available on Site |
| Wastewater System | Private On-Site Septic Required/Present |
| Zoning & Flood Zone | Residential (RES) / Flood Zone AE |
| Annual Property Taxes | $1,135.14 per year ($94.60 per month) |
| Tax Assessed Valuation | $103,819 (List price is 1.06x assessed value) |
Price History & Market Trajectory Analysis
Tracking the listing activity of 1934 Loop Road across August and September 2026 highlights seller repricing dynamics and contract activity:
| Date | Event / Listing Status | Asking Price | Price Adjustment | Notes & Market Context |
| August 13, 2026 | Initial Market Launch | $129,000 | Baseline | Launched on MLS #133736 |
| August 18, 2026 | Pending / Contingent | $129,000 | — | Under contract within 5 days |
| August 21, 2026 | Back on Market | $129,000 | — | Contract terminated (See Brokers Notes) |
| August 27, 2026 | Price Reduction | $119,000 | -$10,000 (-7.75%) | Initial price adjustment |
| September 3, 2026 | Price Reduction | $115,000 | -$4,000 (-3.36%) | Follow-up price correction |
| September 8, 2026 | Current Price Cut | $110,000 | -$5,000 (-4.35%) | Total discount of $19,000 (-14.73%) |
Valuation Takeaways
- Buyer Termination & Opportunity: The property quickly went under contract within 5 days of launch at $129,000. Following buyer termination during inspection/due diligence, the seller aggressively marked the price down by $19,000 to $110,000.
- Close Alignment with Tax Assessment: At $110,000, the property trades within $6,181 of its county tax assessment ($103,819). In coastal real estate markets, buying near tax assessed value on acreage with existing utility infrastructure represents strong downside protection.
- Unbundled Asset Residual Value: Allocating a modest market value of $4,500 per acre to the 12.99 acres ($58,455 land basis) leaves the residual purchase price for the 1,600 sq. ft. historic farmhouse shell, public water hookup, electrical drop, and Jones Creek water access at just $51,545 ($32.22/sq. ft. for structure and infrastructure).
Land Profile, Water Access, & Natural Resource Audit
The 12.99-acre footprint offers a combination of waterfront access, timber investment potential, and big-game hunting habitat across its two parcels.
Parcel Layout and Access Features
- Loop Road Frontage: The main property features 725 linear feet of road frontage along Loop Road, providing excellent access for vehicles, equipment, and future driveway cuts.
- Main 12-Acre Parcel: Contains the historic farmhouse, surrounding yard, cleared spaces, harvestable timber stands, and direct access to the creek.
- Secondary 1-Acre Parcel: A separate plot included in the sale that can serve as a buffer lot, an additional build site for an outbuilding, or a standalone recreational plot.
Water Access & Waterfowl Recreation
- Jones Creek Waterway: The parcel features direct frontage along Jones Creek, a sheltered coastal tributary. The creek provides convenient launch access for johnboats, canoes, kayaks, and small skiffs.
- Navigational Connection: Jones Creek connects directly into Slade Creek, which flows onward into the Pungo River and ultimately out to Pamlico Sound.
- Waterfowl & Duck Hunting: Hyde County is recognized across the Atlantic Flyway as a premier waterfowl hunting destination. The creek marsh ecosystem supports populations of wood ducks, mallards, teal, and black ducks, allowing owners to establish private duck blinds directly on site.
Harvestable Pine Timber Canopy
- Timber Volume: The rear 7 to 9 acres contain established stands of harvestable pine timber.
- Monetization Potential: A selective timber harvest can generate immediate cash flow to offset farmhouse renovation expenses while clearing land for wildlife food plots, shooting lanes, or pasture expansion.
Big-Game Habitat Profile
Hyde County maintains some of the highest black bear densities in North America, alongside strong populations of whitetail deer and wild turkey. The mix of dense pine timber, agricultural surroundings, and tidal creek edge creates a natural wildlife sanctuary.
Early 1900s Farmhouse Physical Inspection & Restoration Scope
The 1,600-square-foot early 1900s farmhouse represents a classic Eastern North Carolina restoration project.
Interior Layout & Architectural Envelope
- Livable Area: Approximately 1,600 square feet of interior floor plan plus a 165-square-foot screened-in porch.
- Main Level Layout: Contains two large living rooms/parlors, a full functional bathroom, and original solid wood flooring throughout.
- Upper Level Layout: Features three rooms suitable for bedrooms or flex office space.
- Detached Kitchen Concept: Typical of early 20th-century coastal architecture, the kitchen and dining area are physically connected to the main house envelope but accessed separately across the 165 sq. ft. screened porch. This keeps cooking heat separated from primary living quarters during summer months.
Heating & Climate Control (Unheated Sq. Ft. Status)
- Current Status: The home currently lacks a centralized HVAC heating system and is officially categorized as “unheated square footage”.
- Historical Heat Source: The farmhouse was originally heated by wood stoves situated in main rooms, which have since been removed.
- HVAC Modernization: Restoration requires installing a multi-zone ductless mini-split heat pump system (3 to 4 zones) to provide efficient year-round heating and cooling.
Estimated Itemized Restoration & CapEx Budget
Converting 1934 Loop Road from a historic shell into a modern coastal homestead requires targeted capital allocation:
| Restoration Component | Low-End Estimate | High-End Estimate | Work Description & Specifications |
| HVAC Mini-Split Installation | $7,500 | $12,500 | 4-Zone ductless mini-split heat pump system |
| Roof & Flashing Repair | $3,500 | $8,000 | Inspect/repair roof pitches, chimney flashing, and gutters |
| Kitchen Modernization | $6,000 | $11,000 | New cabinetry, butcher block/granite tops, sink, and appliances |
| Bathroom Refresh & Plumbing | $3,000 | $6,000 | Plumbing lines inspection, vanity, toilet, and shower surround |
| Wood Floor Refinishing | $3,200 | $5,500 | Sand, seal, and stain 1,600 sq. ft. of original hardwood floors |
| Electrical Upgrades & Wiring | $3,500 | $7,000 | Upgrade service panel, replace outlets/switches, fix light fixtures |
| Screened Porch & Exterior Trim | $2,500 | $5,000 | Re-screen porch, repair fascia boards, exterior paint touch-ups |
| Septic System Service / Inspection | $1,200 | $3,500 | Pump tank, inspect drain field lines, replace distribution box |
| PROJECTED TOTAL RESTORATION | $30,400 | $64,500 | Estimated CapEx to achieve turnkey move-in condition |
At an acquisition price of $110,000 plus a mid-range renovation budget of $45,000, the total capital basis stands at $155,000 for a fully restored 1,600 sq. ft. historic home on 13 acres with creek frontage and pine timber.
Comparative Market Valuation: Subject Property vs. Regional Alternatives
Evaluating 1934 Loop Road against regional land and recreational listing options in Hyde County illustrates its positioning:
| Property & Location | Total Acreage | Purchase Price | Price Per Acre | Structure / Utilities | Water Frontage |
| 1934 Loop Rd, Scranton (Subject) | 12.99 AC | $110,000 | $8,468 / AC | 1,600 Sq Ft Farmhouse + Water/Elec | Jones Creek Access |
| Clearing Ag Tract, Scranton, NC | 8.00 AC | $59,900 | $7,488 / AC | Raw Land (No Structure) | None |
| Slade Creek Waterfront, Sladesville | 36.00 AC | $399,000 | $11,083 / AC | Raw Land (Subdivision) | 670 Ft Slade Creek |
| Germantown Bay Tract, Scranton | 50.00 AC | $130,000 | $2,600 / AC | Raw Land / Marsh | 2,000 Ft Bay Shoreline |
Comparative Takeaways
- Structure Value Inclusion: While raw coastal land in Hyde County trades between $2,500 and $7,500 per acre depending on marsh ratios, 1934 Loop Road includes a standing 1,600 sq. ft. home frame, connected public water, power pole drops, and a separate 1-acre building parcel.
- Dual-Parcel Flexibility: The inclusion of two separate tax parcels (~12 acres and ~1 acre) allows the owner to retain the main farmhouse parcel while potentially selling or building an outbuilding/hunting cabin on the secondary plot.
Key Advantages vs. Potential Drawbacks
Key Advantages
- Aggressive Price Reduction: Reduced by $19,000 (-14.73%) down to $110,000.
- Jones Creek Water Access: Direct water access for launching kayaks, johnboats, or waterfowl hunting skiffs.
- Harvestable Pine Timber: 7 to 9 acres of mature pines offer standing timber value and wildlife cover.
- Original Historic Character: 1,600 sq. ft. home features original wood floors and authentic Eastern NC farmhouse architecture.
- Connected Public Utilities: Municipal water connected on site with electricity drops active.
- Low Tax Burden: Property taxes total $1,135.14 annually ($94.60/month).
Potential Drawbacks
- Flood Zone AE Location: Property falls within Flood Zone AE, requiring flood insurance if utilizing conventional mortgage financing.
- Unheated Space / HVAC Needed: Requires installing mini-split heat pumps or central HVAC to satisfy modern heating needs.
- Separated Kitchen Access: Kitchen/dining area requires crossing the screened porch from the main house.
- Previous Contract Termination: Experienced a previous buyer contract termination; buyers should carefully review inspection reports and seller disclosures.
Target Buyer Compatibility Matrix
| Buyer Category | Profile Characteristics | Compatibility Fit |
| Waterfowl & Big-Game Hunters | Hunters seeking a coastal NC hunting camp with private creek access for duck hunting and 13 acres for deer/bear. | Ideal Fit |
| Historic Home Restorers & DIYers | Renovators looking for an affordable early 1900s farmhouse with solid wood floors and character. | Ideal Fit |
| Homesteaders & Land Investors | Buyers seeking 13 acres with public water, timber resources, and low $95/month tax overhead. | Ideal Fit |
| Turnkey Suburban Buyers | Purchasers requiring immediate move-in condition and centralized heating without renovation work. | Unfavorable Fit |
Essential Buyer Due Diligence Roadmap
- Review Brokers Notes & Previous Inspection Reports: Contact the listing agent to examine reasons for the previous contract termination.
- Inspect Septic Tank & Field Lines: Perform a hydraulic load test on the on-site septic system to confirm operational health.
- Obtain Elevation Certificate & Flood Insurance Quotes: Review Flood Zone AE requirements and secure quotes for elevation-rated flood insurance policies.
- Conduct Cruise of Pine Timber: Retain a local consulting forester to estimate timber volume and commercial value across the 7–9 pine acres.
- Verify Creek Depth at Low Tide: Measure water depth along Jones Creek during low tide cycles to confirm vessel clearance for planned boats.
1934 Loop Road in Scranton, NC, represents a coastal North Carolina property with diverse utility. Offered at $110,000 for 12.99 acres across two parcels, its primary strengths include direct Jones Creek water access, 7–9 acres of timber, an early 1900s farmhouse shell with original wood floors, and low $94.60/month taxes.
While the property requires HVAC installation, flood zone planning, and farmhouse restoration, the $19,000 price cut brings the asking price close to tax assessment. For outdoor enthusiasts, hunters, or restorers seeking a coastal acreage project under $115,000, this listing offers a solid foundation.
Listed on Zillow