NOT LISTED FOR SALE

5 Lofty Ln Franklin, NC 28734

Estimated Value: $201,311 - $254,000

1 Bed
1 Bath
-- Sq Ft
0.52 Acres

Last Sold February 27, 2023

Last sale price $165,000

Est. 35% increase in value since last sale

Current estimated payment $1,237/month

1 Day on Market

Highlights

  • Additional Residence on Property
  • Main Floor Primary Bedroom
  • Living Area on First Floor
  • Garage Apartment
  • Furnished
  • No HOA

About This Home

As of February 2023

INVESTMENT OPPORTUNITY! Cute One bedroom, one bathroom house situated on a lovely piece of property that's flat and easy to maintain. The enclosed porch allows you to sit out and take in all of the lovely area that surrounds you. The house has Central Heat and Air, as well as a wood pellet stove to keep this house warm and cozy. It comes with a detached garage with a studio apartment upstairs! The apartment has a bathroom, shower, kitchenette, and would make a great rental as well.

Last Agent to Sell the Property

Adam Tallent

Keller Williams Realty Of Franklin Brokerage Phone: 8285240100 License #341020 Listed on: 01/25/2023

Keller Williams Realty Of Franklin

Last Buyer's Agent

Adam Tallent

Keller Williams Realty Of Franklin Brokerage Phone: 8285240100 License #341020 Listed on: 01/25/2023

Keller Williams Realty Of Franklin

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $423

Year Built

  • Built in 1958

Lot Details

  • 0.52 Acre Lot
  • Property fronts a state road
  • Lot Has A Rolling Slope

Home Design

  • Cottage
  • Brick Exterior Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Insulated Windows
  • Insulated Doors
  • Living Area on First Floor
  • Crawl Space
  • Property Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • 1 Detached Carport Space
  • Garage Apartment

Utilities

  • Dehumidifier
  • Central Air
  • Heating System Uses Wood
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Porch
  • Additional Residence on Property

Community Details

  • No Home Owners Association
  • Stream

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 6553770228

Property Details

Home Type

Apartment

Est. Annual Taxes

$423

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 0.52
  • Road Frontage Type: State Road
  • Ownership: More than One Year
  • Directions: Driving towards 64 West, take a Right onto Charles Nolan Rd. To a Right on Setser Rd, keep left onto St John's Church Rd. Lofty Lane will be on your Right, First house on the Right
  • Architectural Style: Cottage
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Year Built: 1958
  • NAV27_rets_property_type: Residential
  • Attribution Contact: 8285240100
  • NAV27_AllowsVacationRentalYN: Yes
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Electric Water Heater, Dishwasher, Microwave, Electric Oven/Range, Refrigerator, Washer, Dryer
  • Other Equipment: Dehumidifier
  • Has Basement: None, Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Doors-Insulated
  • Fireplace Features: Wood Burning, Other
  • Fireplace: Yes
  • Flooring: Carpet, Laminate
  • Interior Amenities: Ceiling Fan(s), Main Level Living
  • Window Features: Insulated Windows
  • Master Bedroom Master Bedroom Level: First

Exterior Features

  • Lot Features: Rolling, Unrestricted
  • View: Short Range View, View Year Round
  • View: Yes
  • Home Warranty: No
  • Construction Type: Wood Siding, Brick
  • Other Structures: Apartment Studio, Detached Additional Living Space
  • Patio And Porch Features: Porch
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: Other Garage-See Remarks, Carport-Single Detached, Garage Apartment

Utilities

  • Cooling: Central Electric
  • Cooling Y N: Yes
  • Heating: Electric, Wood, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cell Service Available
  • Water Source: Well
  • Telephone: Cell Service Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 22651.2
  • Parcel #: 6553770228

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 423.37
  • Tax Book Number: Y-31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2023
Closed on
Feb 20, 2023
Sold by
Denney David and Denney Marilyn
Bought by
Jones Michael D and Jones Amanda M
Seller's Agent
Adam Tallent
Keller Williams Realty Of Franklin
Buyer's Agent
Adam Tallent
Keller Williams Realty Of Franklin
List Price
$160,000
Sold Price
$165,000
Premium/Discount to List
$5,000
3.12%
Views
5
Current Estimated Value
$223,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,328
Avg. Annual Appreciation
12.40%
Original Mortgage
$166,666
Outstanding Balance
$161,437
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$61,891

Purchase Details

Closed on
Dec 21, 2007
Sold by
Melsek Leroy W
Bought by
Denny David and Denny Marilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2007
Sold by
Miller Joanne and Turner Joanne M
Bought by
Melsek Leory W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2007
Sold by
Melsek Leroy W
Bought by
Denny David and Denny Marilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2007
Sold by
Miller Joanne and Turner Joanne M
Bought by
Melsek Leroy W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
6.15%
Mortgage Type
New Conventional
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
Jones Michael D $165,000 --
Jones Michael D $165,000 None Listed On Document
Denny David $124,000 None Available
Melsek Leory W -- None Available
Denny David $124,000 None Available
Melsek Leroy W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Michael D $166,666
Closed Jones Michael D $166,666
Previous Owner Denny David $111,200
Previous Owner Denny David $111,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2023 02/27/23 Sold $165,000 +3.1% --
01/27/2023 01/27/23 Pending -- -- --
01/25/2023 01/25/23 For Sale $160,000 -- --
Source: Carolina Smokies Association of REALTORS®

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
2025 $631 $145,790 $29,240 $116,550
2024 $631 $145,790 $29,240 $116,550
2023 $423 $145,890 $29,240 $116,650
2022 $423 $58,860 $17,970 $40,890
2021 $423 $66,760 $17,970 $48,790
2020 $406 $66,760 $17,970 $48,790
2018 $397 $72,290 $19,240 $53,050
2017 $0 $72,290 $19,240 $53,050
2016 $397 $72,290 $19,240 $53,050
2015 $374 $72,290 $19,240 $53,050
2014 $373 $89,870 $25,900 $63,970
2013 -- $89,870 $25,900 $63,970
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Adam Tallent

    Keller Williams Realty Of Franklin

    (828) 342-5170

    41 in this area

    45 Total Sales

    Adam Tallent
    Section Image
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Map

Source: Carolina Smokies Association of REALTORS®

MLS Number: 26029534

APN: 6553770228

North Carolina Macon County Franklin 28734

5 Lofty Ln, Franklin, NC

This home is located at 5 Lofty Ln, Franklin, NC 28734 since 25 January 2023 and is currently estimated at $223,328. This property was built in 1958. 5 Lofty Ln is a home located in Macon County with nearby schools including Cartoogechaye Elementary School, Mountain View Intermediate School, and Macon Middle School.

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