NOT LISTED FOR SALE

407 Lakeside Dr Franklin, NC 28734

Estimated Value: $264,665 - $381,000

3 Beds
2 Baths
700 Sq Ft
$440/Sq Ft Est. Value

Last Sold June 10, 2024

Last sale price $301,500 $431 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,737/month

2 Days on Market

Highlights

  • Additional Residence on Property
  • Deck
  • Living Area on First Floor
  • New Kitchen
  • Ranch Style House
  • No HOA

About This Home

As of June 2024

Investment Opportunity! Super location that is just across the street from the Little Tennessee River boat launch! This in-town lot features a main home and accessory dwelling that are rentable and move-in ready! Main home is a 2BR, 1 BA with LVP flooring, new CH&A, updated electrical & lighting, new kitchen & updated bath. Accessory dwelling features 1BR, 1BA with living area and new kitchen on main level & bedroom and updated bath upstairs plus a new mini split system. Both have new hog wire deck railings and steps and each has its own driveway and parking with fresh gravel. Outdoor utility room for laundry. City sewer & water with a split meter for each unit! Buy as an investment property or live in one home and rent the other! Super close to breweries, restaurants, shopping, schools and more!

Last Agent to Sell the Property

Stephanie Sainz

Bald Head Realty Brokerage Phone: 8283690000 License #280276 Listed on: 04/03/2024

Last Buyer's Agent

Marty Kimsey

RE/MAX Elite Realty License #53843

RE/MAX Elite Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,760

Year Built

  • Built in 1956

Lot Details

  • 0.38 Acre Lot
  • Property fronts a state road
  • Level Lot
  • Open Lot

Home Design

  • Ranch Style House
  • Cottage
  • Metal Roof
  • Vinyl Siding
  • Stucco Exterior

Interior Spaces

  • Insulated Windows
  • Insulated Doors
  • Living Area on First Floor
  • Luxury Vinyl Plank Tile Flooring
  • Crawl Space

Kitchen

  • New Kitchen
  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Parking

  • No Garage
  • Limited Parking

Outdoor Features

  • Deck
  • Outdoor Storage
  • Porch

Utilities

  • Ductless Heating Or Cooling System
  • Central Air
  • Heat Pump System
  • Mini Split Heat Pump
  • Heating System Powered By Owned Propane
  • Electric Water Heater

Additional Features

  • Additional Residence on Property
  • City Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 6595227702

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,760

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 0.38
  • Road Frontage Type: State Road
  • Road Surface Type: Paved
  • Ownership: More than One Year
  • Directions: From downtown Franklin, take E Main Street to LEFT onto Lakeside Drive (light at Hardee's intersection). Follow for 0.4 miles to homes on the RIGHT almost directly across from the boat launch and before you get to Town Mountain Estates.
  • Architectural Style: Ranch/Single, Cottage, Other-See Remarks
  • Carport Y N: No
  • Garage Yn: No
  • Year Built: 1956
  • Kitchen Level: First
  • NAV27_rets_property_type: Residential
  • NAV27_AllowsVacationRentalYN: Yes
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: Electric Water Heater, Dishwasher, Electric Oven/Range
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Doors-Insulated
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Luxury Vinyl Plank
  • Interior Amenities: Living/Dining Room, Main Level Living, New Kitchen, Split Bedroom
  • Window Features: Insulated Windows
  • Room Bedroom2 Level: First
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom3 Level: Second
  • Dining Room Dining Room Level: First

Exterior Features

  • Lot Features: Level Yard, Open Lot, Unrestricted, Within City Limits, City Lot
  • View: No
  • Home Warranty: No
  • Construction Type: Vinyl Siding, Stucco
  • Exterior Features: Other
  • Other Structures: Apartment Studio, Storage Building/Shed, Detached Additional Living Space
  • Patio And Porch Features: Deck, Porch
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, None-Carport, Limited Parking

Utilities

  • Cooling: Central Electric, Heat Pump, Ductless
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump, Mini-Split, Other
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cell Service Available
  • Water Source: Public
  • Gas Company: Propane Tank: Owned
  • Telephone: Cell Service Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 16552.8
  • Parcel #: 6595227702

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1759.84
  • Tax Book Number: H-31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
Jun 10, 2024
Sold by
Kennedy John D and Kennedy Leah V
Bought by
Ahuja Ankit and Ahuja Stephanie
Seller's Agent
Stephanie Sainz
Bald Head Realty
Buyer's Agent
Marty Kimsey
RE/MAX Elite Realty
List Price
$309,900
Sold Price
$301,500
Premium/Discount to List
-$8,400
-2.71%
Views
19
Current Estimated Value
$307,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,416
Avg. Annual Appreciation
1.30%
Original Mortgage
$286,425
Outstanding Balance
$282,874
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$25,042

Purchase Details

Closed on
Apr 20, 2007
Sold by
Pignataro Gino
Bought by
Kennedy John and Kennedy Leah

Purchase Details

Closed on
Jan 26, 2005
Sold by
Pignataro Cynthia E
Bought by
Pignataro Gino P
Source: Public Records
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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
Ahuja Ankit $301,500 None Listed On Document
Kennedy John $145,000 None Available
Pignataro Gino P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahuja Ankit $286,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2024 06/10/24 Sold $301,500 -2.7% $431 / Sq Ft
04/06/2024 04/06/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $309,900 -- $443 / Sq Ft
Source: Carolina Smokies Association of REALTORS®

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 $1,235 $290,710 $34,200 $256,510
2024 $1,045 $276,510 $34,200 $242,310
2023 $979 $236,640 $34,200 $202,440
2022 $928 $151,150 $25,380 $125,770
2021 $905 $151,550 $25,380 $126,170
2020 $866 $151,550 $25,380 $126,170
2018 $786 $147,660 $24,230 $123,430
2017 $786 $147,660 $24,230 $123,430
2016 $771 $147,660 $24,230 $123,430
2015 $725 $147,660 $24,230 $123,430
2014 $522 $122,190 $27,660 $94,530
2013 -- $122,190 $27,660 $94,530
Source: Public Records

Agents Affiliated with this Home

  • Stephanie Sainz

    Seller's Agent in 2024

    Stephanie Sainz

    Bald Head Realty

    (828) 215-0606

    207 in this area

    234 Total Sales

    Stephanie Sainz
    Section Image
  • Marty Kimsey

    Buyer's Agent in 2024

    Marty Kimsey

    RE/MAX

    (828) 421-3369

    133 in this area

    198 Total Sales

    Marty Kimsey
    Section Image
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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26036270

APN: 6595227702

North Carolina Macon County Franklin 28734

407 Lakeside Dr, Franklin, NC

Not Listed for Sale

MultiFamily

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