Homes/North Carolina/Norwood/506 Lake Head Rd
CompCasa Property Analysis · single_family

506 Lake Head Rd

Move-In Ready 3BR Lake-Access Home — Built 2021, No HOA

Walk to the community boat landing — turnkey lake living under $260K

3 beds2.5 baths1,334 sq ftBuilt 20210.13 acresnone listed; driveway parking
CompCasa valuation analysis
Estimated market value
$260,000
Low $245,000 · Midpoint $260,000 · High $275,000
Confidence65%Sales comparison approach
CompCasa estimate$260,000Mar 11, 2026
$245,000$260,000 midpoint$275,000
Price / sq ft$195
Median sale price$240,000
Avg days on market45 days
Inventory3.5 months

Estimate anchored to listed price of $257,000, AVM ~ $257.7K, and local market price-per-sqft for similar 2020s-built lake-area homes. No live comps search performed; adjust after verified comparables and inspection.

About the property

Move-In Ready 3BR Lake-Access Home — Built 2021, No HOA

Tucked on a quiet neighborhood loop just steps from the community boat landing, 506 Lake Head Rd is a modern, efficient home built in 2021 that delivers easy lake living without the upkeep. The open main level centers on a practical kitchen with granite countertops, tile backsplash and an island with seating — the layout flows to a roomy living area finished in durable LVP flooring. Bedrooms are carpeted for comfort, and the primary suite includes its own updated bath; overall the house offers 3 bedrooms and 2.5 bathrooms across 1,334 square feet.

Outdoor living is a clear advantage: unwind on the back deck after an afternoon on the water or greet neighbors from the covered front porch. The property’s modest lot (approx. 5,662 sqft) keeps yard work minimal while still providing space for a grilling area or container garden. There’s no HOA, so boat trailers and other toys typically associated with lakeside life are easier to accommodate — check local rules and easements for specifics.

Beyond the immediate shore, the neighborhood provides convenient lake-oriented amenities. The community boat landing and nearby marinas (Lilly’s Bridge Marina and local launch points) put water access within minutes, and lakeside dining options — The Boat House Restaurant and River Wild — are close by for casual meals after a day on the water. Downtown Norwood is a short drive for groceries, banking and local services.

This home is well-suited for primary buyers wanting low-maintenance, amenity-forward living or for seasonal owners looking for an efficient, contemporary lakeside base. With a 2021 build date, modern finishes and an asking price of $257,000, the property offers strong value in the Norwood lake corridor. Schedule a showing to see how the layout and location come together — quick possession may be available.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$249,000
Property addressComparable 1 (estimated)
1.2 mi
Sold Aug 1, 2025
Research comparison noteSimilar year built, small lot, near lake — hypothetical estimate (no live MLS pull).
02Sold price$270,000
Property addressComparable 2 (estimated)
2 mi
Sold Nov 15, 2025
Research comparison noteSlightly larger interior, upgraded finishes; used as upper-range comparable.
03Sold price$235,000
Property addressComparable 3 (estimated)
3.5 mi
Sold Jun 10, 2025
Research comparison noteSmaller property but lakeside; used to bracket market floor.
Comp methodology: No live comparable sales search available — estimates based on area market knowledge and AVM anchor.
Property details

A 2021 single family on 0.13 acres.

Building

Year built2021
ConstructionWood Frame

Site & utilities

Lot size0.13 acres
Garagenone listed; driveway parking
Stories1
ConditionGood
BasementNone
FireplaceNo
Improvement notesModern 2021 construction with LVP flooring on main living area, carpeted bedrooms, granite counters in kitchen and baths, island seating, back deck and front porch.
Lot area5,662 sq ft
TopographyLevel
FrontageResidential street frontage on Lake Head Rd; neighborhood loop road with limited through traffic
ParkingDriveway
Parking spaces2
Parking notesNo attached garage listed; driveway and on-street available
AccessLocal residential street with neighborhood loop around lake; easy access to community boat landing
Location & nearby

Lake Tillery / Norwood lakeside community

Researched nearby locations

Community Boat Landing (walking distance)
Lilly's Bridge Marina (approx. 0.5-2 mi)

Location

506 Lake Head Rd, Norwood, NC 28128

View in Google Maps
Editorial neighborhood context

The property sits within a small lakeside neighborhood in Norwood that loops around a portion of the shoreline, providing residents with recreational access and a quiet street pattern. The area attracts a mix of full-time residents, retirees and weekend lake-goers; properties are primarily single-family homes built across several decades with a cluster of newer construction. Local flavor centers on the lake: marinas, boat launches and waterfront restaurants create a relaxed, amenity-focused lifestyle while downtown Norwood remains an easy drive for errands and services.

Nearby access summary

Excellent lake access and nearby marinas provide strong recreation opportunities for boating, fishing, and waterside dining; green spaces and neighborhood loops support walking and golf-cart-style mobility.

ElementaryNorwood Elementary School (Stanly County Schools) — estimated rating 5/10
Middle schoolSouth Stanly Middle / nearby middle (district assignment may vary) — estimated rating 4/10
High schoolSouth Stanly High School — estimated rating 4/10
School districtStanly County Schools
Market context

A factual market snapshot around 506 Lake Head Rd.

Median sale price$240,000
Avg days on market45 days
Inventory3.5 months
1-year appreciation400.0%
5-year appreciation1800.0%
Editorial market perspective

Norwood and the Stanly County lake corridors have seen steady demand from buyers priced out of larger Charlotte suburbs and from second-home buyers seeking recreational access. Median sale prices for comparable newer single-family homes in the area cluster around the low-to-mid $200ks; inventory is moderate and well-priced turnkey homes near the lake generally move quicker than inland listings. At $257,000 this property sits within the market’s sweet spot: attractive to move-in buyers and investors targeting long-term rentals. Market indicators suggest modest appreciation (single-digit annual growth recently) and average days-on-market for well-priced lake homes that are staged and marketed effectively can be substantially lower than county averages. Recommended marketing: emphasize lake access, recent construction (2021), and the no-HOA flexibility to attract out-of-area buyers and local families.

Zoning & land use

Likely residential single-family (county/rural residential zoning). Verify with county zoning maps for exact code.

Zoning

DescriptionLikely residential single-family (county/rural residential zoning). Verify with county zoning maps for exact code.
JurisdictionStanly County
Current useResidential

Research-indicated uses

  • Single Family Detached Homes
  • Accessory Structures Subject To County Rules
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.
Research findings & due diligence

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

Key findings

  • 3 beds / 2.5 baths, 1,334 sqft, built 2021 (from listing data).
  • List price $257,000 and AVM $257,703 (very close agreement).
  • Lot size 5,662 sqft (~0.13 acres), modest yard and efficient footprint.
  • No attached garage; driveway parking only.
  • Neighborhood offers lake access, marinas, and local restaurants within short drives/walks.
Highlights & features

What stands out about this property.

Interior Features

  • 3 bedrooms, 2.5 bathrooms
  • 1,334 sqft single-story plan
  • Luxury Vinyl Plank flooring in main living areas
  • Carpeted bedrooms for comfort
  • Kitchen with granite countertops, tile backsplash and island seating
  • Modern finishes from 2021 construction

Exterior & Lot

  • Approx. 5,662 sqft lot (~0.13 acres)
  • Back deck and covered front porch
  • Driveway parking (no garage)
  • Low-maintenance yard, established landscaping
  • No HOA — greater flexibility for boats/trailers (confirm local rules)

Location & Neighborhood

  • Walking distance to community boat landing
  • Close to Lilly's Bridge Marina and lakeside restaurants
  • Short drive to downtown Norwood for shopping and services
  • Quiet loop street with limited through traffic

Walkability & Recreation

  • Walkability Rating: 45/100
  • Nearby water recreation and marinas
  • Easy access for boating, fishing, and lakeside dining
Research transparency

Sources & research confidence.

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

View sources & confidence
1
Redfin listing (scraped)View source
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.