NOT LISTED FOR SALE

1403 W Franklin St Monroe, NC 28112

Estimated Value: $657,000 - $782,000

5 Beds
6 Baths
5,312 Sq Ft
$136/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $550,000 $104 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,285/month

63 Days on Market

Highlights

  • Sauna
  • Private Lot
  • Wood Flooring
  • Cape Cod Architecture
  • Pond
  • Attic

About This Home

As of November 2021

PRICE JUST REDUCED! MAKE AN OFFER!!! Step inside this beautifully maintained cape cod style home and witness spacious rooms - each with a beautiful view of the sprawling 7-acre lot in the heart of Downtown Monroe! Constructed with double-brick exterior, this 1940s spectacle is complete with finishes no longer found in modern builds. This singular abode boasts 5 large bedrooms,
compete with beautifully maintained baths. The formal living room adorned with a gorgeous marble fireplace connects to the dining room, forming a large L-shaped space ideal for entertaining. Upstairs, the ample bonus room brings even more space for guests to enjoy. Other features include cedar-lined closets, walk-in attic, laundry chute, high ceilings, enclosed sunroom for year-round enjoyment, and hardwoods under carpet throughout most of home. Large basement level is perfect for a workshop and is complete with a walk-in sauna (as-is). Come see for yourself all this stately piece of history has to offer!

Last Agent to Sell the Property

Erin McQueen

Unity Property Group LLC License #304983 Listed on: 07/13/2021

Last Buyer's Agent

Adriana Moreno

NorthGroup Real Estate LLC License #97208

NorthGroup Real Estate LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • Private Lot
  • Many Trees

Parking

  • Porte-Cochere

Home Design

  • Cape Cod Architecture

Interior Spaces

  • Gas Log Fireplace
  • Sauna
  • Wood Flooring
  • Laundry Chute
  • Attic

Kitchen

  • Oven
  • Kitchen Island

Outdoor Features

  • Pond
  • Shed

Utilities

  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 09-273-138

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Cape Cod
  • Ratio Close Price By List Price: 0.95652
  • Ratio Close Price By Original Li: 0.92437
  • Ratio Current Price By Acre: 77903.68
  • Ratio Current Price By Sq Ft: 103.54
  • Year Built: 1948
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Outside Entrance
  • Upper Level Sq Ft: 1692
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bathrooms: 6.00
  • Total Bedrooms: 5
  • Equipment: Ceiling Fan(s), Cooktop Electric, Dishwasher, Oven
  • Fireplace Description: Den, Gas Logs, Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Wood
  • Interior Amenities: Attic Walk-in, Basement Shop, Kitchen Island, Laundry Chute, Pantry, Sauna, Walk-In Pantry
  • Laundry Location: Basement
  • Room Count: 3
  • Main Level Sq Ft: 3620
  • Total Sq Ft: 5312
  • Sq Ft Unheated Basement: 1335
  • Sq Ft Unheated Total: 1689
  • Sq Ft Unheated Upper: 354

Exterior Features

  • Construction: Brick Full, Wood
  • Construction Type: Site Built
  • Exterior Features: Porte-cochere, Shed(s)

Garage/Parking

  • Driveway: Asphalt, Concrete
  • Parking: Carport - 1 Car, Driveway

Utilities

  • Heating: Central Air, Gas Water Heater
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Gas

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: per tax records
  • Lot Features: Pond, Private, Rolling, Trees, Views, Water view
  • Lot Size Area: 7.060
  • Parcel Number: 09-273-138
  • Zoning Specification: RA40

Tax Info

  • Tax Value: 290500.00
  • Tax Location: Union

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2021
Closed on
Nov 3, 2021
Sold by
Griffin Patricia Stewart and Myrtle Griffin Revocable Trust
Bought by
Dare Barbara
Seller's Agent
Erin McQueen
Unity Property Group LLC
Buyer's Agent
Adriana Moreno
NorthGroup Real Estate LLC
List Price
$595,000
Sold Price
$550,000
Premium/Discount to List
-$45,000
-7.56%
Current Estimated Value
$720,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,910
Avg. Annual Appreciation
6.70%
Original Mortgage
$440,000
Outstanding Balance
$408,531
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$296,048

Purchase Details

Listed on
Jul 13, 2021
Closed on
Nov 2, 2021
Sold by
Faulk Wesley F and Patricia G Stewart Lifetime Tr
Bought by
Dare Barbara
Seller's Agent
Erin McQueen
Unity Property Group LLC
Buyer's Agent
Adriana Moreno
NorthGroup Real Estate LLC
List Price
$595,000
Sold Price
$550,000
Premium/Discount to List
-$45,000
-7.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Outstanding Balance
$408,531
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$296,048

Purchase Details

Closed on
Jun 27, 2012
Sold by
Irrevocable Griffin Jr Bruce H and Irrevocable Patricia G Stewart
Bought by
Griffin Bruce H and Grissom Christopher

Purchase Details

Closed on
Dec 30, 2005
Sold by
Griffin Bruce H and Estate Of Bruce H Griffin Sr
Bought by
Irrevocable Griffin Jr Bruce H and Irrevocable Patricia G Stewart
Source: Public Records

Range of Values:

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Average Value
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List Price
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 Buyer Sale Price Title Company
Dare Barbara -- None Available
Dare Barbara $550,000 None Available
Griffin Bruce H -- None Available
Irrevocable Griffin Jr Bruce H $340,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dare Barbara $195,000
Open Dare Barbara $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $550,000 -4.3% $104 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
09/07/2021 09/07/21 Price Changed $575,000 -3.4% $108 / Sq Ft
08/03/2021 08/03/21 For Sale $595,000 +8.2% $112 / Sq Ft
08/02/2021 08/02/21 Off Market $550,000 -- --
07/16/2021 07/16/21 Pending -- -- --
07/13/2021 07/13/21 For Sale $595,000 -- $112 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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
2024 $4,385 $402,100 $78,700 $323,400
2023 $4,471 $410,000 $78,700 $331,300
2022 $4,471 $410,000 $78,700 $331,300
2021 $4,470 $409,900 $78,600 $331,300
2020 $3,914 $290,460 $71,560 $218,900
2019 $3,914 $290,460 $71,560 $218,900
2018 $1,790 $290,460 $71,560 $218,900
2017 $3,972 $290,500 $71,600 $218,900
2016 $3,930 $290,460 $71,560 $218,900
2015 $2,256 $290,460 $71,560 $218,900
2014 $4,794 $392,970 $81,450 $311,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3760258

Canopy MLS (Canopy Realtor® Association)

APN: 09-273-138