$400,000
SOLD APR 16, 2025

1031 Franklin Ln Henderson, NC 27537

3 Beds
2 Baths
2,624 Sq Ft
1.42 Acres

Recently Sold

$152 Per Sq Ft

7% Above List Price

3 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • No HOA
  • Deck
  • Main Floor Primary Bedroom
  • Covered Patio or Porch

About This Home

As of April 2025

***OFFER DEADLINE: Friday, March 14th at 12pm!***

Welcome to your private retreat in the highly sought-after Timberlake Estates neighborhood!

Located just minutes from Kerr Lake and near the Kerr Lake Country Club and golf course, outdoor recreation is right at your doorstep. With quick access to I-85 and US-1, commuting is a breeze.

This spacious 3-bedroom, 2-bathroom home sits on a large 1.42-acre lot with NO homeowners association.

The primary bedroom and ensuite bath are located on the main level for easy access. Upstairs, you'll find a flexible space that can serve as a bonus room, home office, or media room-whatever suits your lifestyle.
With both an attached AND detached garage (with separate upstairs storage room), you'll have ample space for storage and workspace.

This home offers the space and location you've been looking for--don't miss the chance to make it yours. Schedule your showing today!

Last Agent to Sell the Property

Laura Perry

Slate Real Estate LLC License #351810 Listed on: 03/11/2025

Last Buyer's Agent

Justin Beers

Aimee Anderson & Associates License #281310

Aimee Anderson & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,030

Year Built

  • Built in 2007

Lot Details

  • 1.42 Acre Lot

Parking

  • 4 Car Garage
  • Side Facing Garage
  • Private Driveway
  • 4 Open Parking Spaces

Home Design

  • Cape Cod Architecture
  • Brick Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,624 Sq Ft Home
  • 1.5-Story Property
  • Basement
  • Crawl Space

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • E O Young Jr Elementary School
  • Vance County Middle School
  • Vance County High School

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Timberlake Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0608A01037

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,030

Year Built

Built in 2007

Lot Details

0

Parking

4

Listing Details

  • Year Built: 2007
  • Prop. Type: Residential
  • Subdivision Name: Timberlake Estates
  • Above Grade Finished Sq Ft: 2624.0
  • Architectural Style: Cape Cod
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • New Construction: No
  • General Property Information Basement YN: Yes
  • Cooling Central Air: Yes
  • Flooring Carpet: Yes
  • Flooring Hardwood: Yes
  • Water Source Well: Yes
  • Room Types Primary Bedroom Level: Main
  • Flooring Vinyl: Yes
  • Levels One and One Half: Yes
  • Foundation Details BrickMortar: Yes
  • General Property Information Enhanced Accessible2: No
  • Special Listing Conditions Real Estate Owned: Yes
  • General Property Information Above Grade Finished Area: 2624.0
  • General Property Information Carport YN: No
  • Roof Asphalt3: Yes
  • General Property Information Lot Size Square Feet2: 61855.2
  • General Property Information Lot Size Acres: 1.42
  • General Property Information:Living Area3: 2624.0
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Basement: Crawl Space
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Asphalt
  • Acres: 1.42
  • Construction Type: Vinyl Siding
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Covered, Deck
  • Patio And Porch Features:Covered2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Attached, Detached, Driveway, Garage, Garage Faces Side
  • Total Parking Spaces: 8.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Side: Yes
  • Parking Features:Detached: Yes
  • General Property Information:Garage Spaces: 4.0
  • Other Structures:Second Garage: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 8.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Heating: Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Vance - Vance County
  • Middle Or Junior School: Vance - Vance County

Lot Info

  • Lot Size Sq Ft: 61855.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 0608A01037
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3030.27
  • Tax Year: 2024

MLS Schools

  • Elementary School: Vance - E O Young Jr

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2025
Closed on
Apr 7, 2025
Sold by
Philip Arrington Jr Marion and Mcdan Diane
Bought by
Schultz Stuart and Winstead Tracie
Seller's Agent
Laura Perry
Slate Real Estate LLC
Buyer's Agent
Justin Beers
Aimee Anderson & Associates
List Price
$375,000
Sold Price
$400,000
Premium/Discount to List
$25,000
6.67%
Views
28
Current Estimated Value
$412,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,484
Avg. Annual Appreciation
4.49%
Original Mortgage
$300,000
Outstanding Balance
$294,764
Interest Rate
5.94%
Mortgage Type
New Conventional
Estimated Equity
$117,720

Purchase Details

Closed on
Oct 22, 2014
Sold by
Fannie Mae
Bought by
Mcdaniel Arrington Diane and Mcdaniel Phillip Arrington

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,648
Interest Rate
4.15%

Purchase Details

Closed on
May 8, 2013
Sold by
Ablonsky Virginia R and Ablonsky John
Bought by
Federal National Mortgage Association and Fannie Mae

Purchase Details

Closed on
Feb 14, 2008
Sold by
Lesher & Associates Inc
Bought by
Ablonsky Virginia R and Ablonsky John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.06%

Purchase Details

Closed on
Jul 6, 2006
Sold by
Tart James Allen and Tart Gwendolyn J
Bought by
Lesher & Associates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,400
Interest Rate
6.55%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $400,000 None Listed On Document
Warranty Deed $400,000 None Listed On Document
Warranty Deed -- None Available
Warranty Deed $228,352 None Available
Warranty Deed $199,000 --
Warranty Deed $20,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 New Conventional
Closed $300,000 New Conventional
Previous Owner $141,648 No Value Available
Previous Owner $185,000 No Value Available
Previous Owner $18,400 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2025 04/16/25 Sold $400,000 +6.7% $152 / Sq Ft
03/14/2025 03/14/25 Pending -- -- --
03/11/2025 03/11/25 For Sale $375,000 -- $143 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,125 $371,091 $39,780 $331,311
2024 $3,030 $371,091 $39,780 $331,311
2023 $2,364 $229,204 $21,713 $207,491
2022 $2,364 $229,204 $21,713 $207,491
2021 $1,953 $199,511 $21,713 $177,798
2020 $2,070 $199,511 $21,713 $177,798
2019 $2,065 $199,511 $21,713 $177,798
2018 $1,863 $199,511 $21,713 $177,798
2017 $1,968 $199,511 $21,713 $177,798
2016 $1,968 $199,511 $21,713 $177,798
2015 $1,660 $199,540 $22,042 $177,498
2014 $1,765 $199,539 $22,042 $177,497
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10081374

Doorify MLS

APN: 0608A01037