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205 N Vance St, Red Springs, NC, 28377

4beds
3baths
4,933sqft
$399,999
$81price/sqft
$3,184/moest. monthly cost
$127,360/yrincome needed

About This Home

Just shy of 5000 sq.feet, this colonial revival home is being offered for sale for the 1st time since it was built in 1903. Located in the town of Red Springs, NC, 205 N.Vance Street was built for Mr. Ben Townsend who also owned the Hotel Townsend Visitors from across the state and country would travel & stay at the hotel to relax and feel restored by the natural spring water that was available and known for its medicinal qualities. Located in town the home sits on 3.59 acres. Downstairs you have the gentlemen & ladies parlor rooms, dining room, large kitchen(w/orig. cabinetry) and a rear second level stairway. From the kitchen you pass the laundry area and access door to the basement. The home has a sizable master suite on the main level with two full bathrooms, one of which includes a walk in closet. From the main stairway you are able to access the second level which boasts three bedrooms with a small reading/sewing room. Two bedrooms access to the second level balcony.

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

2/10
Red Springs MiddleGrades 5-80.1 mi
3/10
Red Springs HighGrades 9-120.3 mi
3/10
Peterson ElementaryGrades PK-40.6 mi

Construction

Condition

  • Property condition: Average Condition
  • Year built: 1903

Materials

  • Construction materials: Vinyl Siding,Wood Siding,Wood Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Free-Standing Range
  • Laundry features: Washer Hookup,Dryer Hookup,Main Level

Basement

  • Basement: Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Dining Area,Separate/Formal Dining Room,High Ceilings,Kitchen Island,Primary Downstairs,Bath in Primary Bedroom,Storage
  • Door features: Storm Door(s)
  • Flooring: Hardwood
  • Number of fireplaces: 8
  • Fireplace features: Other,Dining Room
  • Fireplace: Yes

Heating

  • Heating features: Other

Interior Area

  • Total interior livable area: 4,933 sqft

Property

Details

  • Parcel number: 360502020
  • Zoning description: R10 - Residential District
  • Special condition: Standard
  • Exclusions: Personal Property

Features

  • Patio & porch: Balcony,Front Porch,Porch
  • Exterior features: Balcony,Corner Lot,Fence,Porch,Rain Gutters,Storage
  • Fencing: Partial
  • Living area range: 4501-5000

Lot

  • Lot size: 3.59 Acres
  • Features: 3-5 Acres,Partially Cleared

Parking

  • Total spaces: 1
  • Parking features: Attached Carport,Garage Faces Side
  • Covered spaces: 1
  • Carport: Yes
  • Carport spaces: 1

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

  • Tornado
    TornadoVery High
  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Tornado
Hurricane
Lightning
Strong Wind
Winter Weather
Cold Wave
Earthquake
Hail
Heat Wave
Ice Storm

FEMA Declared Disasters in Robeson 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 $2,022$24,264
Home Insurance *$201$2,412
Property Taxes $502$6,024
Electricity $459$5,513
Total$3,184$38,208
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$109,165/yr
40% on housing$95,520/yr
45% on housing$84,906/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: 7.3%
7.3%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$81This listing

vs Other Active Listings

Avg $/sqft

ZIP 28377$84
Robeson County$106

vs Homes Sold Last Month

Median $/sqft

ZIP 28377$125
Robeson County$122

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)

No zestimate history available

Price History

DateEventPrice
2025-04-27Listed for sale$399,999

For Sale by Agent

AgentCHRISTOPHER LOCKLEAR
BrokerageLIBERTY REALTY GROUP

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