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223 W Park Drive, Morganton, NC, 28655

5beds
3baths
2,946sqft
$465,000
$158price/sqft
$3,026/moest. monthly cost
$121,040/yrincome needed

About This Home

Public Remarks Beautifully renovated home within walking distance of downtown Morganton. Enjoy the charm and character of this 1959 built home with all the modern updates. Open great room with exposed beam ceilings over the living, dining and kitchen areas. All new kitchen counters, cabinets and appliances. Main level primary suite has spacious ensuite bath with double sinks, large walk in shower and two closets. Additional 2 bedrooms and hall bath on the main floor as well as a large laundry room with sink and pocket office area. Plenty of space to spread out with the finished lower level. Open family room with 2 more bedrooms and full bath. Convenient entry off driveway. Brand new deck off main level dining area as well as supersized covered front porch and rear brick & concrete patio space for outdoor living. With all new electrical, plumbing, HVAC, roof, gas tankless water heater, Hardi and shake siding, theres nothing left to do but move in and enjoy your new home.

Getting Around

14
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

4/10
Forest Hill ElementaryGrades PK-50.5 mi
4/10
Walter R Johnson MiddleGrades 6-83.1 mi
5/10
Freedom HighGrades 9-120.7 mi

Construction

Condition

  • Year built: 1959

Materials

  • Foundation: Basement
  • Roof: Architectural,Shingle
  • Construction materials: Hardboard,Shake Siding,Wood Frame

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Gas Water Heater,Tankless Water Heater
  • Laundry features: Washer Hookup,Dryer Hookup,Main Level

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Full,Finished,Interior Entry,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Cathedral Ceiling(s)
  • Fireplace features: Masonry
  • Fireplace: Yes
  • Finished area below ground: 1,193
  • Finished area above ground: 1,753

Heating & Cooling

  • Heating features: Electric,Forced Air,Heat Pump,None
  • Cooling features: Central Air,Electric,Heat Pump

Interior Area

  • Total structure area: 3,538
  • Total interior livable area: 2,946 sqft

Property

Details

  • Parcel number: 1793645526
  • Zoning description: Residential

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Multiple
  • Has view: Yes
  • View description: Long Range,Residential,Seasonal View

Lot

  • Lot size: 0.26 Acres

Parking

  • Parking features: Concrete,Driveway,No Garage
  • 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 StormRelatively High
  • Lightning
    LightningRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Ice Storm
Lightning
Inland Flooding
Tornado

FEMA Declared Disasters in Burke 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 $2,351$28,212
Home Insurance *$183$2,196
Property Taxes $218$2,616
Electricity $274$3,292
Total$3,026$36,312
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$103,748/yr
40% on housing$90,780/yr
45% on housing$80,693/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: 10.5%
10.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.1%
2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$158This listing

vs Other Active Listings

Avg $/sqft

ZIP 28655$183
Burke County$187

vs Homes Sold Last Month

Median $/sqft

ZIP 28655$177
Burke County$195

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
2026-03-16Listed for sale$485,000
2025-12-31Listing removed$495,000
2025-09-08Price change$495,000
2025-08-19Price change$525,000
2024-12-26Listed for sale$539,000
2023-10-23Listing removed--
2023-10-03Price change$454,900
2023-09-20Listed for sale$459,900
2022-06-28Sold$120,000

For Sale by Agent

AgentPolly Leadbetter
BrokerageEngel & Volkers Foothills Lake James

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