524 Welch Rd Franklin, NC 28734
3
Beds
1
Bath
600
Sq Ft
0.85
Acres
Highlights
- RV Access or Parking
- Main Floor Primary Bedroom
- Living Area on First Floor
- Wood Flooring
- Farmhouse Style Home
- No HOA
About This Home
As of July 2025The adage "location, location, location" holds true for this “backyard-homesteader's” paradise! Nested in majestic Lower Burningtown, the land boarders thousands of acres of Forest Service and is across the street from the Needmore Game lands! A quick walk will lead you to bold Burningtown Creek which is home to an amazing diversity of wildlife including trout, herons, bald eagles, ducks, otters, reptiles, and amphibians. This is nature in the raw. The drive to this property provides stunning long-range layers of mountains and rolling hills with quintessential views of old rural America. The Little Tennessee River is a short drive for unbelievable recreation. The house was built approximately 1930 and is sits on .85 acres of mostly level land with a babbling brook running thru it. I can see a garden, chickens, raspberry bramble, blueberry's, fruit trees and honeybees. The house with some TLC can be tailored to your own imagination. The original wood floors are stunning throughout most of the house. There is plenty of living space on the first floor but the second floor provides plenty more space. An R.V. pad can be added to the land as well. Don't miss out on this opportunity!
Last Agent to Sell the Property
Unique Properties Of Franklin Brokerage Phone: 8283494700 License #297053 Listed on: 04/25/2025
Last Buyer's Agent
Unique Properties Of Franklin Brokerage Phone: 8283494700 License #297053 Listed on: 04/25/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $628
Year Built
- Built in 1930
Lot Details
- 0.85 Acre Lot
- Home fronts a stream
- Property fronts a state road
- Level Lot
- Open Lot
Home Design
- Farmhouse Style Home
- Rustic Architecture
- Metal Roof
- Wood Siding
Interior Spaces
- Wood Burning Fireplace
- Self Contained Fireplace Unit Or Insert
- Living Area on First Floor
- Crawl Space
- Electric Oven or Range
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 1 Full Bathroom
- Bathtub Includes Tile Surround
Laundry
- Dryer
- Washer
Parking
- No Garage
- RV Access or Parking
Utilities
- Ductless Heating Or Cooling System
- Heating System Uses Wood
- Mini Split Heat Pump
- Spring water is a source of water for the property
- Electric Water Heater
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 6568226335
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 25, 2025
Closed on
Jul 7, 2025
Sold by
Sparks Ivor Noa
Bought by
Adams Greg and Adams Andrea
Seller's Agent
Matthew Iannuzzi
Unique Properties Of Franklin
Buyer's Agent
Matthew Iannuzzi
Unique Properties Of Franklin
List Price
$249,900
Sold Price
$180,000
Premium/Discount to List
-$69,900
-27.97%
Views
49
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27130.63%
Original Mortgage
$100,000
Outstanding Balance
$100,000
Interest Rate
6.89%
Mortgage Type
Seller Take Back
Estimated Equity
$166,518
Purchase Details
Closed on
Jul 11, 2008
Sold by
Posey Alfred Lee and Posey Willa Mae
Bought by
Sparks Ivor Noa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Franklin, NC
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
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $180,000 | None Listed On Document | |
| Warranty Deed | $180,000 | None Listed On Document | |
| Warranty Deed | $85,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Seller Take Back | |
| Closed | $100,000 | Seller Take Back | |
| Previous Owner | $65,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | Sold | $180,000 | -20.0% | $300 / Sq Ft |
| 06/04/2025 06/04/25 | Pending | -- | -- | -- |
| 05/26/2025 05/26/25 | Price Changed | $224,900 | -10.0% | $375 / Sq Ft |
| 04/25/2025 04/25/25 | For Sale | $249,900 | -- | $417 / Sq Ft |
Source: Carolina Smokies Association of REALTORS®
Tax History Compared to Growth
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 | $640 | $149,480 | $48,690 | $100,790 |
| 2023 | $642 | $149,480 | $48,690 | $100,790 |
| 2022 | $642 | $103,460 | $32,140 | $71,320 |
| 2021 | $632 | $103,560 | $32,140 | $71,420 |
| 2020 | $605 | $103,560 | $32,140 | $71,420 |
| 2018 | $631 | $119,030 | $35,710 | $83,320 |
| 2017 | $0 | $119,030 | $35,710 | $83,320 |
| 2016 | $614 | $119,030 | $35,710 | $83,320 |
| 2015 | $591 | $119,030 | $35,710 | $83,320 |
| 2014 | $480 | $117,220 | $42,160 | $75,060 |
| 2013 | -- | $117,220 | $42,160 | $75,060 |
Source: Public Records
Agents Affiliated with this Home
-
M
Seller's Agent in 2025
Matthew Iannuzzi
Unique Properties Of Franklin
(828) 371-8544
31 in this area
44 Total Sales
Map
Source: Carolina Smokies Association of REALTORS®
MLS Number: 26040699
APN: 6568226335
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