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113 Red Budd Dr, New London, NC, 28127

2beds
2baths
884sqft
$237,500
$269price/sqft
$1,628/moest. monthly cost
$65,120/yrincome needed

About This Home

This furnished, lake view home is improved and move in ready. Improvements include: new ceiling and walls, fresh paint, newer roof and HVAC, 17 new windows, new light fixtures, new wall in laundry space. There's still room for you to improve as you wish! Seller is selling AS IS. There's no HOA, but there's an extra lot included in the acreage. Lots 723 and 724 are included in the listed acreage and list price. Enjoy the beautiful view of Badin Lake from the comfort of the wrap-around porch/deck! Spacious and open concept living/dining room area. All appliances including built in oven and cook top stove convey as well as older washer/dryer in a new laundry space. You've got plenty of cabinets in the kitchen and bath plus a walk in closet in the primary bedroom. Agent owner.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
6
BikeSomewhat Bikeable

Schools

--
Troy ElementaryGrades PK-215.1 mi
6/10
West MiddleGrades 6-815.2 mi
7/10
Montgomery Learning AcademyGrades 6-1215.2 mi

Construction

Condition

  • Year built: 1954

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Stick/Site Built,Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Oven,Built-In Range,Electric Water Heater
  • Laundry features: Dryer Connection,Washer Hookup

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2

Features

  • Door features: Storm Door(s)
  • Window features: Insulated Windows
  • Flooring: Vinyl,Wood
  • Attic: Access Only
  • Finished area above ground: 884

Heating & Cooling

  • Heating features: Heat Pump,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 884
  • Total interior livable area: 884 sqft

Kitchen

  • Level: Main

Property

Accessibility

  • Accessibility features: 2 or more Access Exits,Bath Grab Bars

Details

  • Parcel number: 667305273993
  • Zoning: Res1
  • Special condition: Owner Sale

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • Waterfront features: Lake Privileges,Lake

Lot

  • Lot size: 0.25 Acres
  • Lot size dimensions: 0

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Strong Wind
Tornado
Hail
Hurricane
Lightning
Winter Weather

FEMA Declared Disasters in Montgomery County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,200$14,400
Home Insurance *$114$1,368
Property Taxes $114$1,368
Electricity $200$2,405
Total$1,628$19,536
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$55,817/yr
40% on housing$48,840/yr
45% on housing$43,413/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -4.8%
-4.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$269This listing

vs Other Active Listings

Avg $/sqft

ZIP 28127$171
Montgomery County$141

vs Homes Sold Last Month

Median $/sqft

ZIP 28127$200
Montgomery County$193

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-06Price change$230,900
2026-07-14Price change$237,500
2026-06-25Price change$245,000
2026-06-02Price change$250,000
2026-05-13Listed for sale$259,500
2025-12-04Listing removed$250,000
2025-11-25Price change$250,000
2025-11-16Price change$255,000
2025-10-01Price change$260,000
2025-06-26Listed for sale$265,000
2024-11-26Listing removed$259,990
2024-10-21Price change$259,990
2024-09-11Price change$265,000
2024-08-27Price change$270,000
2024-06-24Price change$275,000
2024-06-05Price change$285,000
2024-05-21Price change$298,000
2024-03-25Listed for sale$313,000
2023-02-13Sold$170,000
2023-01-15Pending sale$175,000
2022-12-29Price change$175,000
2022-11-17Price change$199,000
2022-09-24Price change$210,000
2022-07-09Listed for sale$220,000

For Sale by Agent

AgentLinda M. McMasters
BrokerageMcMasters Realty

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