506 Settlement Dr, Midland, NC, 28107
About This Home
This home is located near the cul-de-sac in a small, rural subdivision with only two streets, few homes and no HOA. It's centrally located with easy access to multiple highways, I485, hospitals, shopping and restaurants. The home sits on a spacious .48 acre lot with natural landscaping where you can create whatever outdoor living space you desire. Inside, the home offers an open floor plan accented with warm earth tones and wood floors throughout most of the home. Other features include a vaulted ceiling with a wood beam, a masonry fireplace, a sliding barn door, ceiling fans in most rooms, a tile backsplash, solid surface countertop and more. Also, this sweet home has only had 2 owners its whole life!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1977
Materials
- Foundation: Crawl Space
- Construction materials: Vinyl
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Electric Water Heater,Exhaust Fan,Microwave
- Laundry features: Electric Dryer Hookup,Utility Room,Washer Hookup
Bathroom Full
- Level: Main
Bathroom Full
- Level: Main
Bedroom S
- Features: Ceiling Fan(s)
- Level: Main
Bedroom S
- Features: Ceiling Fan(s)
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Bonus Room
- Features: Ceiling Fan(s)
- Level: Main
Dining Area
- Features: Open Floorplan,Vaulted Ceiling(s)
- Level: Main
Features
- Open Floorplan
- Door features: Insulated Door(s),Sliding Doors,Storm Door(s)
- Window features: Insulated Windows
- Flooring: Hardwood,Vinyl
- Fireplace features: Living Room,Wood Burning
- Attic: Pull Down Stairs
- Finished area below ground: 0
- Finished area above ground: 1,904
Heating & Cooling
- Heating features: Ductless,Electric
- Cooling features: Ceiling Fan(s),Central Air,Ductless
Interior Area
- Total structure area: 1,904
- Total interior livable area: 1,904 sqft
Kitchen
- Level: Main
Living Room
- Features: Ceiling Fan(s),Open Floorplan,Vaulted Ceiling(s)
- Level: Main
Primary Bedroom
- Features: Ceiling Fan(s)
- Level: Main
Utility Room
- Level: Main
Property
Details
- Parcel number: 55342465580000
- Zoning: SFR
- Special condition: Standard
- Exclusions: Shelf in Master Bathroom
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck,Front Porch
Lot
- Lot size: 0.48 Acres
- Lot size dimensions: 123 x 167 x 123 x 172
Parking
- Total spaces: 4
- Parking features: Detached Carport
- Covered spaces: 2
- Has uncovered spaces: Yes
- Uncovered spaces: 2
- Carport: Yes
- Carport spaces: 2
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
- Ice Storm
- Cold Wave
- Lightning
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Cabarrus County and North Carolina
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,972 | $23,664 |
| Home Insurance * | $146 | $1,752 |
| Property Taxes | $248 | $2,976 |
| Electricity | $200 | $2,405 |
| Total | $2,566 | $30,792 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-12 | Price change | $415,000 |
| 2026-01-14 | Listed for sale | $425,000 |
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