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500 Midway School Rd, Lexington, NC, 27295

3beds
2baths
1,958sqft
$339,000
$173price/sqft
$2,227/moest. monthly cost
$89,080/yrincome needed

About This Home

Welcome to this beautifully updated home, perfectly situated in the Oak Grove school district! Nestled on a one-acre lot, this property offers excellent curb appeal and easy access via a circle driveway, complete with covered parking and a covered porch entry. Once you step inside, you will love the stunning original hardwood floors, generous living spaces, and an abundance of natural light. This home is packed with recent upgrades to provide ultimate comfort and peace of mind: New Roof (2025) New HVAC Systems (2024) and Washer & Dryer remain. Fully Remodeled Kitchen featuring new tile floors, modern cabinets, granite countertops, and stainless-steel appliances. Upgraded Bathrooms boasting new tile flooring, updated cabinets, sleek countertops, and modern fixtures—including a custom tile walk-in shower on the main level and a new shower/tub insert on the second floor. Enjoy the perfect blend of character and modern luxury. Schedule your tour today before this Oak Grove gem is gone!

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

5/10
Midway ElementaryGrades PK-50.1 mi
5/10
Oak Grove Middle SchoolGrades 6-82.6 mi
6/10
Oak Grove HighGrades 9-122.7 mi

Construction

Condition

  • Year built: 1947

Materials

  • Construction materials: Brick

Type & Style

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

Interior

Appliances

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

Basement

  • Has basement: Yes
  • Basement: Unfinished, Basement, Crawl Space

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 1

Breakfast

  • Level: Main

Dining Room

  • Level: Main

Features

  • Ceiling Fan(s)
  • Door features: Arched Doorways
  • Flooring: Tile,Wood
  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area above ground: 1,958

Heating & Cooling

  • Heating features: Forced Air,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,702
  • Total interior livable area: 1,958 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Office

  • Level: Main

Property

Details

  • Parcel number: 1302100000115
  • Zoning: RA3
  • Special condition: Owner Sale
  • Other equipment: Sump Pump

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Porch
  • Fencing: None

Lot

  • Lot size: 1 Acres
  • Features: Not in Flood Zone

Parking

  • Parking features: Driveway,Paved,Circular 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 FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Cold Wave
Hail
Lightning
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters in Davidson 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 $1,714$20,568
Home Insurance *$123$1,476
Property Taxes $190$2,280
Electricity $200$2,405
Total$2,227$26,724
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$76,354/yr
40% on housing$66,810/yr
45% on housing$59,386/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: 9.1%
9.1%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.5%
1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$173This listing

vs Other Active Listings

Avg $/sqft

ZIP 27295$145
Davidson County$157

vs Homes Sold Last Month

Median $/sqft

ZIP 27295$168
Davidson County$172

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
2026-08-12Price change$329,000
2026-07-14Listed for sale$339,000
2001-05-11Sold$101,000

For Sale by Agent

AgentKatrina Zink
BrokerageLocal R.E. Inc.

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