520 Baird Cove Rd Franklin, NC 28734
Estimated payment $17,221/month
Total Views
3,424
3
Beds
2
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- 8.2 Acre Lot
- Deck
- Covered Patio or Porch
- Mountain View
- No HOA
- 5 Car Attached Garage
About This Home
Discover an exceptional multi-family investment opportunity in the heart of Franklin, NC! This remarkable property spans approximately 8.2 acres and is located just minutes from the vibrant downtown area. It features city sewer and water connections that are already in place for existing buildings, with additional connections available for expansion. This presents a rare and lucrative opportunity for savvy investors. With a well-balanced portfolio of income-generating properties, this site is positioned for both immediate returns and future growth potential. The property features 14 rental opportunities, including 5 thoughtfully designed 3-bedroom, 2-bathroom townhomes built in 2010, ideal for attracting long-term tenants seeking quality housing. Additionally, there is an 8-unit apartment building built in 2012, with each unit featuring 2 bedrooms and 2 bathrooms, strategically located to meet the region's strong rental demand, ensuring a consistent and reliable income stream. Furthermore, the property includes a charming 3-bedroom, 2-bathroom single-family home built in 1954, offering flexibility for use as either a primary residence or a short-term rental and appealing to a variety of potential occupants. One of the standout features of this property is its expansion potential. There is considerable undeveloped land available, and plans are already in place to construct an additional 17 residential units, including 15 townhomes and 2 apartments. Investors can maximize returns in this highly desirable location. Additionally, these townhomes possess the opportunity for subdivision, allowing for each unit to be transformed and sold individually. Franklin is renowned for its enchanting mountain charm and offers convenient access to major highways and an array of local attractions, making it a prime choice for both residents and investors alike. Whether you're aiming to enhance your real estate portfolio or explore the potential of a mixed-use development, this property is a rare find with substantial upside. Don’t let this opportunity slip away! Seize your chance to invest in the stunning landscapes of the Western North Carolina mountains today!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,417
Year Built
- Built in 2012
Lot Details
- Cleared Lot
Parking
- 5 Car Attached Garage
- 1 Carport Space
Home Design
- Shingle Roof
Interior Spaces
- 1-Story Property
- Built-In Features
- Ceiling Fan
- Wood Burning Fireplace
- Mountain Views
- Dryer
- Partially Finished Basement
Kitchen
- Freezer
- Dishwasher
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Deck
- Covered Patio or Porch
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- Brookwood Heights Subdivision
Listing and Financial Details
- Tax Lot 8-14+
- Assessor Parcel Number 6584495942
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 | $4,976 | $1,851,700 | $152,880 | $1,698,820 |
| 2024 | $11,482 | $2,847,750 | $152,880 | $2,694,870 |
| 2023 | $9,359 | $2,847,750 | $152,880 | $2,694,870 |
| 2022 | $9,359 | $1,669,550 | $219,960 | $1,449,590 |
| 2021 | $9,100 | $1,669,550 | $219,960 | $1,449,590 |
| 2020 | $8,678 | $1,669,550 | $219,960 | $1,449,590 |
| 2018 | $7,999 | $1,652,840 | $140,400 | $1,512,440 |
| 2017 | $7,999 | $1,652,840 | $140,400 | $1,512,440 |
| 2016 | $7,834 | $1,652,840 | $140,400 | $1,512,440 |
| 2015 | $7,512 | $1,652,840 | $140,400 | $1,512,440 |
| 2014 | $5,581 | $1,113,370 | $262,080 | $851,290 |
| 2013 | -- | $1,357,770 | $262,080 | $1,095,690 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/06/2026 04/06/26 | Price Changed | $3,100,000 | -3.1% | -- |
| 01/30/2026 01/30/26 | For Sale | $3,200,000 | -- | -- |
Source: Highlands-Cashiers Board of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,400,000 | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,390,000 | Purchase Money Mortgage |
Source: Public Records
About the Listing Agent
Craig Berry is a seventh generation Macon County native. Craig's interest in architecture and design inspired his career in real estate where he can use his people skills to help match extraordinary buyers to extraordinary properties. As one of the younger members of the MLS Boards of which he is associated, he brings a youthful eye to the market. Craig's entrepreneurial spirit comes to him naturally as his family owns a successful business in Franklin going strong for over thirty years.
Craig's Other Listings
Source: Highlands-Cashiers Board of REALTORS®
MLS Number: 1002518
APN: 6584495942
Nearby Homes
- 99 Stonewood Ln
- 146 Panorama Dr
- 184 Trimont Mountain Rd
- 167 Panorama Dr
- 31 Heatherstone Dr
- 00 Trimont Mountain Rd
- 587 Lakeside Cir
- 603 Hemlock Hills Dr
- 120 Trimont Trail
- 00 Woodland Heights
- 373 Trimont Trail
- 541 Trimont Mountain Trail
- 00 Rabbit Ln
- 410 Lyle St
- 359 Whippoorwill Trail
- 104 Tallent St
- 273 Pressley Circle Rd
- 00 Cortney Marie Dr
- 00 Riverbend Rd
- 306 Bidwell St
- 0 N Womack St
- 67 Dearmin Terrace
- 37 Wayah Dr
- 319 Iotla Valley Park Rd
- 810- C O 810- C Oak Creek Rd
- 794 Belle Dowdle Rd
- 461 Meadow View Rd
- 171 Cullasaja Cir
- 960 Robbins Rd
- 21 Staghorn Point
- 322 Gobbler Knob Rd
- 120 Jaderian Mountain Rd
- 33 Jaderian Mountain Rd
- 338 Ralph Tatham Rd
- 121 Sawmill Springs Rd Unit SI ID1297612P
- 2262 Little Savannah Rd
- 2468 Us-441
- 1015 S Country Club Dr
- 419 N Country Clb Dr
- 145 Citadel Dr
Your Personal Tour Guide
Ask me questions while you tour the home.