Property listing for 472 Oak Rd, Norwood, NC 28128
For SaleSingle Family Home

$519,000

472 Oak Rd, Norwood, NC 28128

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

3 Bed · 2 Bath · 1,886 Sq Ft

New 2023 build minutes from Lake Tillery and Piney Point Golf

3

Beds

2

Baths

1,886

Sq Ft

2023

Built

1.3 acres

Lot

2-car attached

Garage

About 472 Oak Rd

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.

Home Highlights

New construction (2023) by Pier View Properties1.3-acre private hilltop parcel with mountain viewsVaulted ceilings and open floor planCustom cabinets and granite countertopsPrimary suite with tile shower and free‑standing tubLuxury vinyl plank flooring throughoutAttached 2-car garageR-10 zoning allowing potential accessory dwelling unit

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Norwood Elementary School

Elementary

4/10

South Stanly Middle School

Middle

5/10

South Stanly High School

High

3/10

Walkability & Recreation

55
Walkability
78
Recreation

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.

Investment Highlights

  • New construction completed in 2023 with modern amenities
  • 1.3-acre hilltop lot offering privacy and mountain views
  • Proximity to Lake Tillery (1.5 miles) and Piney Point Golf Course (0.5 miles)
  • Open-concept floor plan with vaulted ceilings and high-end finishes
  • Recent price adjustments enhance market competitiveness

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

Things to Consider

  • Local schools have average ratings; may not meet all buyers' preferences
  • Property's hilltop location may require additional maintenance for landscaping
  • Limited public transportation options in the area

Opportunity Analysis

Newly constructed home offering modern amenities, privacy, and proximity to recreational activities, positioned competitively in a seller's market with steady appreciation trends.

Potential Use Scenarios

  • Ideal for primary residence seeking modern amenities and privacy
  • Potential for vacation home given proximity to Lake Tillery and golf course
  • Long-term investment opportunity in a steadily appreciating market

Risk Factors

  • Average school ratings may affect family buyers
  • Hilltop location may require additional maintenance
  • Limited public transportation options

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$425K

Midpoint

$450K

High

$475K

$238.5/SF estimated price per square foot

80% confidence

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.

As of 2026-03-08

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$286,500
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)2,367
Median Income (1 mi)$45,000

Stable population with modest growth; median income aligns with regional averages.

Nearby Points of Interest

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

Proximity to Lake Tillery offers recreational opportunities; Piney Point Golf Course provides golfing amenities; Downtown Norwood features local shops and dining.

School District

DistrictStanly County Schools
ElementaryNorwood Elementary School (4/10)
MiddleSouth Stanly Middle School (5/10)
HighSouth Stanly High School (3/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2023
Constructionblock and vinyl
Stories1
Roofshingle
Heatingcentral, heat pump
Coolingcentral air, ceiling fans
Basementnone
FireplaceNo
Conditionexcellent

Lot & Site

Lot Size1.3 acres (56,628 SF)
Topographyhilly
Parkingattached_garage_and_driveway
Parking Spaces4
FrontagePrivate road access

Utilities

Watercity
Sewerpublic sewer
ElectricDuke Energy

Zoning & Land Use

Zoning CodeR-10
DescriptionSingle Family Residential
JurisdictionTown of Norwood

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$5,403
Land$5,403
Improvements$0
Annual Tax (2023)$55

Sale History

2025-08-01$449,900

$238.5/SF

Price reduction from original listing

2025-04-11$519,000

$275/SF

Initial listing price

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