NOT LISTED FOR SALE

407 Lancaster Ave Monroe, NC 28112

Estimated Value: $365,000 - $468,000

4 Beds
2 Baths
2,017 Sq Ft
$196/Sq Ft Est. Value

Last Sold September 01, 2023

Last sale price $349,900 $173 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,357/month

24 Days on Market

Highlights

  • Barn
  • Colonial Architecture
  • Wooded Lot
  • Open Floorplan
  • Living Room with Fireplace
  • Front Porch

About This Home

As of September 2023

Beautiful Remodeled 1901 Historic Ranch home in the heart of downtown Monroe! The current owner's have been transferred for work and are heartbroken to have to sell. This home has lots of Historic charm with a beautiful front porch. This 2000 Sq. ft. home offers 4 bedrooms and 2 baths. The primary bath has a spa like vibe & beautiful soaking tub. The open concept Kitchen & Livingroom boasts of beautiful built-in's and an electric fireplace. The home offers many upgrades to include crown molding! The kitchen has a gorgeous 10 foot quartz island and a large walk in pantry. The stainless steel appliances are included. There is a large 2 story barn perfect for storage, mancave or anything! You will also find a fenced in backyard along with a patio perfect for the BBQ! The home is walking distance to downtown Monroe where you can find Restaurants, shopping, coffee shops, ice cream stands & entertainment. This home would make an amazing Airbnb!

Last Agent to Sell the Property

Becky Holmes

ProStead Realty License #77611 Listed on: 07/07/2023

ProStead Realty

Last Buyer's Agent

Susan Volz

RE/MAX Executive License #166123

RE/MAX Executive

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,401

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 88 x 114 x 74 x 90
  • Fenced
  • Level Lot
  • Wooded Lot
  • Property is zoned AQ5

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 2,017 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Insulated Windows
  • Entrance Foyer
  • Living Room with Fireplace
  • Laminate Flooring
  • Crawl Space
  • Home Security System

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms
  • Garden Bath

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Outdoor Features

  • Patio
  • Front Porch

Schools

  • Walter Bickett Elementary School
  • Monroe Middle School
  • Monroe High School

Farming

  • Barn

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 09-235-112

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,401

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial
  • Year Built: 1901
  • Restrictions: Historical
  • Special Assessment Description: 0
  • Proposed Special Assessment Desc: 0
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 173.48
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Flooring: Laminate
  • Interior Amenities: Attic Other, Built-in Features, Entrance Foyer, Garden Tub, Kitchen Island, Open Floorplan, Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2017
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Self Cleaning Oven
  • Above Grade Finished Sq Ft: 2017
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Electric, Living Room
  • Living Area: 2017
  • Window Features: Insulated Window(s)
  • Bedroom Main: 4
  • Room Count: 8

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Fenced
  • Construction Type: Vinyl
  • Other Structures: Barn(s)
  • Patio And Porch Features: Front Porch, Patio

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Central, Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Utility Room, Inside, Main Level
  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air, Heat Pump
  • Utilities: Gas
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Monroe
  • HOA Subject To: None

Lot Info

  • Lot Features: Level, Wooded
  • Lot Size Area: 0.18
  • Lot Size Units: Acres
  • Parcel Number: 09-235-112
  • Zoning: AQ5
  • Lot Size: 88 x 114 x 74 x 90
  • ResoLotSizeUnits: Acres
  • Zoning Specification: AQ5

MLS Schools

  • Elementary School: Walter Bickett
  • High School: Monroe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2023
Closed on
Aug 21, 2023
Sold by
Chaney Austin Lee and Chaney Lily Houston
Bought by
Goure Devin Russell
Seller's Agent
Becky Holmes
ProStead Realty
Buyer's Agent
Susan Volz
RE/MAX Executive
List Price
$349,900
Sold Price
$349,900
Views
108
Current Estimated Value
$395,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,945
Avg. Annual Appreciation
0.40%
Original Mortgage
$338,222
Outstanding Balance
$332,433
Interest Rate
6.78%
Mortgage Type
FHA
Estimated Equity
$20,261

Purchase Details

Listed on
Oct 20, 2022
Closed on
Feb 11, 2023
Sold by
Paez Jonathan
Bought by
Chaney Austin Lee and Chaney Lily Houston
Seller's Agent
Enrique Alzate
NorthGroup Real Estate LLC
Buyer's Agent
Becky Holmes
ProStead Realty
List Price
$339,900
Sold Price
$309,900
Premium/Discount to List
-$30,000
-8.83%
Views
111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.21%
Original Mortgage
$304,286
Interest Rate
6.48%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 10, 2019
Closed on
Jan 24, 2020
Sold by
Allegiance Investors Llc
Bought by
Paez Jonathan
Seller's Agent
Ron Langley
Provident Living Inc
Buyer's Agent
Enrique Alzate
NorthGroup Real Estate LLC
List Price
$228,000
Sold Price
$228,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.62%
Original Mortgage
$223,870
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
May 1, 2019
Sold by
Norwood Debra and Watts Robin
Bought by
Allegiance Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
4.2%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 25, 2018
Sold by
Smith Patti Watts and Smith Phillip Wayne
Bought by
Norwood Debra and Norwood Danny

Purchase Details

Closed on
Aug 1, 2001
Sold by
Watts John W and Watts Maggie N
Bought by
Smith Phillip Wayne and Smith Patti Watts

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.1%
Mortgage Type
Seller Take Back
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
Goure Devin Russell -- None Listed On Document
Chaney Austin Lee $310,000 --
Paez Jonathan $228,000 None Available
Allegiance Investors Llc $90,000 None Available
Norwood Debra -- None Available
Norwood Debra -- None Available
Smith Phillip Wayne $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goure Devin Russell $338,222
Previous Owner Chaney Austin Lee $304,286
Previous Owner Paez Jonathan $55,967
Previous Owner Paez Jonathan $223,870
Previous Owner Allegiance Investors Llc $151,200
Previous Owner Smith Phillip Wayne $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2023 09/01/23 Sold $349,900 0.0% $173 / Sq Ft
07/07/2023 07/07/23 For Sale $349,900 +12.9% $173 / Sq Ft
02/17/2023 02/17/23 Sold $309,900 0.0% $154 / Sq Ft
12/14/2022 12/14/22 Price Changed $309,900 -4.3% $154 / Sq Ft
11/21/2022 11/21/22 Price Changed $323,900 -1.8% $161 / Sq Ft
10/31/2022 10/31/22 Price Changed $329,900 -2.9% $164 / Sq Ft
10/20/2022 10/20/22 For Sale $339,900 +49.1% $169 / Sq Ft
02/03/2020 02/03/20 Sold $228,000 0.0% $110 / Sq Ft
12/29/2019 12/29/19 Pending -- -- --
12/10/2019 12/10/19 For Sale $228,000 -- $110 / 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 $2,401 $220,200 $11,800 $208,400
2023 $2,401 $220,200 $11,800 $208,400
2022 $2,401 $220,200 $11,800 $208,400
2021 $2,401 $220,200 $11,800 $208,400
2020 $1,719 $111,930 $14,230 $97,700
2019 $1,508 $111,930 $14,230 $97,700
2018 $690 $111,930 $14,230 $97,700
2017 $1,530 $111,900 $14,200 $97,700
2016 $1,514 $111,930 $14,230 $97,700
2015 $869 $111,930 $14,230 $97,700
2014 $1,552 $127,180 $18,120 $109,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4045726

Canopy MLS (Canopy Realtor® Association)

APN: 09-235-112