423 Iotla St Franklin, NC 28734
Estimated payment $5,285/month
Highlights
- 2.41 Acre Lot
- No HOA
- 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
Bald Head Realty Brokerage Phone: 8283690000 License #276321 Listed on: 08/24/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,572
Lot Details
- 2.41 Acre Lot
- Property fronts a state road
Location
- City Lot
Listing and Financial Details
- Assessor Parcel Number 6595027125
Community Details
Overview
- No Home Owners Association
Recreation
- Separate Outdoor Workshop
Map
Home Values in the Area
Average Home Value in this Area
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 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/26/2025 08/26/25 | 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available |
Source: Carolina Smokies Association of REALTORS®
MLS Number: 26041932
APN: 6595027125
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