$895,000
$80K PRICE DROP

423 Iotla St Franklin, NC 28734

Estimated payment $4,965/month

Total Views 45,134
2.41 Acres
$371,369 Price per Acre
104,980 Sq Ft Lot

Highlights

  • 2.41 Acre Lot
  • No HOA
  • Level Lot
  • Partially Wooded Lot
  • Separate Outdoor Workshop

About This Lot

Commercial opportunity awaits in downtown Franklin, NC! One of the last remaining large parcels within walking distance to downtown, this 2.41-acre gentle property is in a prime location for development. CITY water, sewer and Toccoa natural gas are available and the parcel is off a state-maintained road. Currently zoned R-1, there are multiple options for multi-family & single-family homesites. Picture 14 townhomes with a courtyard & dog park; 7 duplex homes with single-level living to attract senior residents; 4 to 10 single family homes (or lots); or a magnificent in-town estate nestled with privacy between the old oak trees. Rezoning for other opportunities is also possible. Owned by Dr. J.H. Fouts in the 1890's, this historic two-family home (with full apartment below) could be an absolute showplace! Stunning large rooms with soaring 11-foot ceilings, historic woodworking details, heart of pine flooring, terrarium sunroom, clawfoot tub and simply timeless charm. A beautiful 2-car carport is nearby. The 1,100 square foot workshop could be renovated into another home, storefront, or massive workshop/storage space. An open canvas of possibilities awaits on Iotla Street!

Listing Agent

Kelly Penland

Realty One Group Vibe Brokerage Phone: 8283708423 License #276321 Listed on: 03/06/2026

Realty One Group Vibe

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,572

Lot Details

  • 2.41 Acre Lot
  • Property fronts a state road
  • Level Lot
  • Partially Wooded Lot

Location

  • City Lot

Schools

  • East Franklin Elementary School
  • Macon Middle School
  • Franklin High School

Listing and Financial Details

  • Assessor Parcel Number 6595027125

Community Details

Overview

  • No Home Owners Association

Recreation

  • Separate Outdoor Workshop

Property Details

Property Type

Land

Est. Annual Taxes

$1,572

Lot Details

2.41 Acres

Listing Details

  • Property Sub Type: Land,House Included,Residential
  • Prop. Type: Land
  • Lot Size Acres: 2.41
  • Road Frontage Type: State Road, City Street
  • Road Surface Type: Paved, Paved Road
  • Ownership: More than One Year
  • Subdivision Name: None
  • Directions: From Franklin take Main Street to the corner of Iotla, head north and property is on the right. Or take the Depot Extension to left on Iotla Street, property is on the left. Starts near the corner of Sanctuary Village and ends near the corner of White Oak Circle.
  • Habitable Residence: Yes
  • NAV27_rets_property_type: Land
  • Special Features: None

Interior Features

  • Possible Use: Residential, Subdevelopment, Multi-Family, Single Family, Modular
  • Other Equipment: Oil Tank

Exterior Features

  • Lot Features: None, City Lot
  • Topography: Level
  • View: No
  • Other Structures: Workshop

Utilities

  • Electric: Overhead Electric
  • Electricity On Property: Yes
  • Utilities: Sewer Connected, Sewer Available, Water Connected, Natural Gas Available, Water Available, Other

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: East Franklin
  • High School: Franklin
  • Middle Or Junior School: Macon Middle

Lot Info

  • Lot Size Sq Ft: 104979.6
  • Parcel #: 6595027125

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1572.29
  • Tax Book Number: S-42

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $857 $210,660 $140,990 $69,670
2024 $857 $210,660 $140,990 $69,670
2023 $858 $226,420 $156,750 $69,670
2022 $996 $184,170 $138,600 $45,570
2021 $966 $188,870 $138,600 $50,270
2020 $919 $188,870 $138,600 $50,270
2018 $844 $185,630 $144,380 $41,250
2017 $0 $185,630 $144,380 $41,250
2016 $825 $185,630 $144,380 $41,250
2015 -- $185,630 $144,380 $41,250
2014 $651 $187,530 $135,300 $52,230
2013 -- $187,530 $135,300 $52,230
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2026 06/14/26 Price Changed $895,000 -8.2% --
03/06/2026 03/06/26 For Sale $975,000 +306.3% --
08/31/2023 08/31/23 Sold $240,000 -36.0% $155 / Sq Ft View Prior Sale
07/15/2023 07/15/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $375,000 -- $242 / Sq Ft
Source: Carolina Smokies Association of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26046539

APN: 6595027125

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