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506 Lake Head Rd, Norwood, NC, 28128

3beds
3baths
1,334sqft
$239,777
$180price/sqft
$1,691/moest. monthly cost
$67,640/yrincome needed

About This Home

WHETHER YOU LOVE TO FISH, CRUISE ON YOUR BOAT OR JUST LAKE LIVING IN GENERAL. Great curbside appeal especially in this price range. This 3 BED 2.5 BATHS home is only feet (walking distance) from the LAKE! Great neighborhood to walk dogs or golf cart for the road has no through traffic to other areas, its a loop around the lake. Features include: LVP flooring throughout main level, plush carpet in the bedrooms, open floor plan that shows off the beautiful kitchen with granite countertops in kitchen and all bathrooms, tile back splash, abundance of cabinets & island with seating area. Unwind after a long day on the back deck or front porch and enjoy the fall breeze. Close to Community Boat Landing, The Boat House Restaurant, River Wild Restaurant & Lilly's Bridge Marina for all your Lake Enjoyment! Quick drive to downtown Norwood for all your shopping, restaurants & banking needs! Come take a stroll through the neighborhood, and let's call this property home. And another great thing NO HOA.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
9
BikeSomewhat Bikeable

Schools

6/10
6/10
5/10
South Stanly High SchoolGrades 9-123.4 mi

Construction

Condition

  • Year built: 2021

Materials

  • Foundation: Crawl Space
  • Construction materials: Vinyl

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Disposal,Electric Cooktop,Electric Oven,Electric Range,ENERGY STAR Qualified Dishwasher,Refrigerator
  • Laundry features: In Unit,Inside,Main Level

Bedroom S

  • Level: Upper

Bedroom S

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Area

  • Level: Main

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,334

Heating & Cooling

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

Interior Area

  • Total structure area: 1,334
  • Total interior livable area: 1,334 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Primary Bedroom

  • Level: Upper

Property

Details

  • Parcel number: 657403031069
  • Zoning: R-20
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Front Porch
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water

Lot

  • Lot size: 0.13 Acres
  • Features: Views

Parking

  • Parking features: Driveway,Parking Space(s)
  • 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

  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Ice Storm
Strong Wind
Tornado

FEMA Declared Disasters in Stanly 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 $1,212$14,544
Home Insurance *$105$1,260
Property Taxes $174$2,088
Electricity $200$2,405
Total$1,691$20,292
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$57,977/yr
40% on housing$50,730/yr
45% on housing$45,093/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: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$180This listing

vs Other Active Listings

Avg $/sqft

ZIP 28128$334
Stanly County$179

vs Homes Sold Last Month

Median $/sqft

ZIP 28128$209
Stanly County$187

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
2026-04-15Price change$249,000
2026-03-19Price change$254,000
2026-03-09Listed for sale$257,000
2024-09-09Listing removed$242,500
2024-08-06Price change$245,000
2024-08-01Price change$252,000
2024-06-28Price change$257,000
2024-06-23Price change$249,000
2024-06-21Listed for sale$255,000
2024-05-21Listing removed--
2024-02-15Listing removed$270,000
2024-02-06Listed for sale$270,000
2024-02-06Listing removed--
2023-12-08Price change$267,000
2023-12-03Price change$269,000
2023-11-04Listed for sale$275,000
2023-02-17Sold$260,000
2023-01-24Pending sale$269,900
2022-12-06Listed for sale$269,900
2022-10-27Contingent$269,900
2022-08-23Listed for sale$269,900
2021-03-05Sold$12,000

For Sale by Agent

AgentStephanie Smith
BrokerageSelect Premium Properties Inc

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