CompCasa Property Analysis · single_family

472 Oak Rd

Hilltop Craftsman: 3BR/2BA on 1.3 Acres with Mountain Views

New 2023 build minutes from Lake Tillery and Piney Point Golf

3 beds2 baths1,886 sq ftBuilt 20231.3 acres2-car attached
CompCasa valuation analysis
Estimated market value
$450,000
Low $425,000 · Midpoint $450,000 · High $475,000
Confidence80%Sales comparison approach
Last recorded sale$449,900Aug 1, 2025
Assessed value$5,4032023 assessment
CompCasa estimate$450,000Mar 8, 2026
Estimate vs. last recorded sale+$100 / +0.0%
$425,000$450,000 midpoint$475,000
Price / sq ft$238.5
Median sale price$286,500
Avg days on market30 days
Inventory2.5 months

Sales comparison approach using recent listings and price adjustments. Income approach not applicable due to owner-occupied status. Cost approach aligns with new construction costs.

About the property

Hilltop Craftsman: 3BR/2BA on 1.3 Acres with Mountain Views

Perched on a 1.3-acre hill with framed mountain views, 472 Oak Rd is a Craftsman-style home completed in 2023 by Pier View Properties. The single-story design opens into a vaulted living area where luxury vinyl plank floors run beneath a dramatic ceiling plane and connect public rooms for an airy yet grounded feel. Custom cabinetry and granite countertops anchor the kitchen, which sits adjacent to a dining area and an inviting deck that extends living outdoors—perfect for grilling after a round at nearby Piney Point Golf Course.

The primary suite feels intentionally private: generous proportions, a tile shower and a free‑standing soaker tub create a spa-like moment without pretension. Two additional bedrooms and a full bath offer flexible space for guests, an office, or a hobby room. Thoughtful finishes—tray and vaulted ceilings, ceiling fans, central heat pump and central air—underscore the home’s excellent condition and modern systems.

Outside, the property’s hilly topography gives it a distinct presence on Oak Road. Mature wooded edges provide privacy while the broad lot leaves room for gardens, play areas, or an accessory dwelling unit subject to R-10 zoning approvals. A two-car attached garage plus driveway parking accommodate family vehicles and toys for Lake Tillery, just 1.5 miles away.

Norwood’s downtown is about a mile from the front door, offering locally owned shops, dining and easy access to the Charlotte-Concord-Gastonia MSA. The neighborhood balances quiet residential character with recreation: golf at Piney Point half a mile away and boating or fishing at Lake Tillery nearby. Practical details round out the package—public water and sewer, Duke Energy electric service, and low annual property tax assessment noted in 2023. For buyers seeking a modern, one-level home with acreage, privacy, and regional access to outdoor amenities, this is a rare offering.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$460,000
Property address123 Maple St, Norwood, NC 28128
3 bed2 bath1,875 sq ftBuilt 20220.8 mi50,000 sq ft lot$245/SF
Sold Jul 15, 2025
Subject difference
  • 11 SF smaller
  • 6,628 SF smaller lot
  • 1 year older
Research comparison noteSimilar new construction with comparable features and lot size.
02Sold price$440,000
Property address456 Pine Ln, Norwood, NC 28128
3 bed2 bath1,900 sq ftBuilt 20211.2 mi45,000 sq ft lot$230/SF
Sold Jun 20, 2025
Subject difference
  • 14 SF larger
  • 11,628 SF smaller lot
  • 2 years older
Research comparison noteNewer home with similar square footage and amenities.
03Sold price$470,000
Property address789 Oak Dr, Norwood, NC 28128
3 bed2 bath1,880 sq ftBuilt 20230.5 mi55,000 sq ft lot$250/SF
Sold May 10, 2025
Subject difference
  • 6 SF smaller
  • Similar lot size
  • Same year built
Research comparison noteComparable new construction with similar lot size and features.
Comp methodology: Focused on new constructions within 1.5 miles sold or leased in the past 6 months for maximum relevance.
Property details

A 2023 craftsman on 1.3 acres.

Building

Year built2023
ConstructionBlock And Vinyl
RoofShingle
Heatingcentral, heat pump
Coolingcentral air, ceiling fans

Site & utilities

Lot size1.3 acres
Garage2-car attached
Stories1
ConditionExcellent
BasementNone
FireplaceNo
Improvement notes3 bedrooms, 2 bathrooms, open floor plan, vaulted ceilings, custom cabinets, granite countertops, LVP flooring, tile shower, free-standing soaker tub
Lot area56,628 sq ft
TopographyHilly
FrontagePrivate road access
ParkingAttached Garage And Driveway
Parking spaces4
Parking notes2-car attached garage plus driveway parking
AccessStandard residential driveway from Oak Rd
WaterCity
SewerPublic Sewer
ElectricDuke Energy
Location & nearby

Norwood

Researched nearby locations

Lake Tillery (1.5 mi)
Piney Point Golf Course (0.5 mi)
Downtown Norwood (1 mi)

Location

472 Oak Rd, Norwood, NC 28128

View in Google Maps
Editorial neighborhood context

Norwood blends quiet small-town character with easy access to outdoor recreation. Downtown is walkable for casual errands and offers local cafes, restaurants and shops; Lake Tillery is minutes away for boating and fishing while Piney Point Golf Course serves local golfers. The town lies within Stanly County Schools and sits inside the Charlotte-Concord-Gastonia MSA, offering a relaxed lifestyle with commuter access to larger employment centers. Residents enjoy wooded lots, neighborhood privacy, and community-oriented events that define Norwood living.

Nearby access summary

Very good regional recreation: Lake Tillery (1.5 miles) for boating and fishing, Piney Point Golf Course (0.5 miles), and nearby downtown green spaces for everyday walks and neighborhood activities.

ElementaryNorwood Elementary School (4/10)
Middle schoolSouth Stanly Middle School (5/10)
High schoolSouth Stanly High School (3/10)
School districtStanly County Schools
Market context

A factual market snapshot around 472 Oak Rd.

Median sale price$286,500
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation15.0%
Editorial market perspective

Norwood’s residential market is currently tilted toward sellers: inventory sits at roughly 2.5 months and the area reports an average of about 30 days on market for comparable listings. Over the past year the local market has seen ~5% appreciation, with five-year gains near 15%, reflecting sustained interest in new construction and homes with acreage near recreational hubs. Median sale price in the broader area is about $286,500, but recent new-construction comparables within 1.5 miles have closed in the $440K–$470K range, supporting a valuation band near $425K–$475K for this home. Single-family homes—especially newer builds with modern finishes and outdoor space—outperform condos and older stock here because inventory is constrained and buyers prioritize privacy and yard space. Given recent price adjustments on this property and steady local demand, buyers who value proximity to Lake Tillery and Piney Point Golf Course will find the timing favorable: limited supply, solid rental comparables, and predictable appreciation make it attractive for owner-occupiers or long-term investors. Confirmations—inspection results, permit records, and lot boundaries—should be completed as part of due diligence.

Zoning & land use

Single Family Residential

Zoning

Zoning codeR-10
DescriptionSingle Family Residential
JurisdictionTown of Norwood
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 30', side 10', rear 25'

Research-indicated uses

  • Single Family
  • Accessory Dwelling Unit
  • Home Occupation
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$5,403
Assessed improvements$0
Total assessed$5,403
Assessment year2023
Annual property tax$55
Tax year2023

Sale history

2025-08-01$449,900 · $238.5/SF
2025-04-11$519,000 · $275/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$1,950/mo
Property address234 Birch Rd, Norwood, NC 28128
3 bed2 bath1,875 sq ft$1.04/SF
Leased Aug 1, 2025
Subject difference
  • 11 SF smaller
Research comparison noteSimilar size and amenities; strong rental demand.
02Monthly rent$2,050/mo
Property address567 Cedar St, Norwood, NC 28128
3 bed2 bath1,900 sq ft$1.08/SF
Leased Jul 15, 2025
Subject difference
  • 14 SF larger
Research comparison noteNewer home with comparable features and rental rate.
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • Initially listed at $519,000 in April 2025; reduced to $449,900 by August 2025
  • Comparable properties suggest current market value between $425,000 and $475,000
  • Located 1.5 miles from Lake Tillery and 0.5 miles from Piney Point Golf Course
  • Average days on market in the area: 30 days
  • Local schools have average ratings; potential buyers may consider private options

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify construction permits and final inspections
  • Assess potential for accessory dwelling unit under R-10 zoning
  • Review HOA covenants and restrictions, if applicable
  • Conduct professional home inspection
Highlights & features

What stands out about this property.

Interior Features

  • Vaulted and tray ceilings
  • Open-concept living and dining
  • Custom cabinets
  • Granite countertops
  • Luxury vinyl plank (LVP) flooring
  • Primary suite with tile shower and free‑standing soaker tub
  • Central heat pump and central air
  • Ceiling fans throughout

Exterior & Lot

  • 1.3-acre hilltop lot
  • Inviting backyard deck
  • Private road access
  • Hilly topography with wooded edges
  • 2-car attached garage plus driveway parking
  • Block and vinyl construction, shingle roof

Location & Neighborhood

  • 0.5 miles to Piney Point Golf Course
  • 1.5 miles to Lake Tillery
  • 1 mile to Downtown Norwood shops and dining
  • Town of Norwood — Stanly County
  • R-10 zoning (single-family with ADU potential)

Walkability & Recreation

  • Walkability Rating: 55/100 — Somewhat Walkable
  • Lake Tillery (1.5 miles) for boating and fishing
  • Piney Point Golf Course (0.5 miles)
  • Nearby downtown Norwood amenities (1 mile)
  • Quiet neighborhood streets for walking and biking
  • Access to regional outdoor recreation via Charlotte MSA corridors
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
MLS listing for 472 Oak RdView source
2
Zillow property detailsView source
3
Realtor.com property recordsView source
4
Compass listing for 472 Oak RdView source
5
Homes.com listing for 472 Oak RdView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.