$450,000
$50K PRICE DROP

5240 Old Monroe Rd Indian Trail, NC 28079

Estimated payment $2,585/month

Total Views 6,702
3 Beds
2 Baths
1,906 Sq Ft
$236 Price per Sq Ft

Highlights

  • 1-Story Property
  • Indian Trail Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

Your Opportunity Awaits on Over an Acre of Land!
Discover the potential in this spacious property offering over an acre of land—ideal for those looking for room to grow, create, or simply enjoy a bit more space.
This 3-bedroom, 2-bathroom home features a generous layout with plenty of room to customize and make it your own. Whether you're an investor, DIY enthusiast, or someone looking for a peaceful property with space to expand, this home is full of opportunity. Don’t miss your chance to own a property with both land and potential!

Listing Agent

John Bolos

Keller Williams South Park Brokerage Email: john@jbolos.com License #273349 Listed on: 05/29/2025

Keller Williams South Park

Co-Listing Agent

Collin Ramirez

Keller Williams South Park Brokerage Email: john@jbolos.com License #311230

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,098

Year Built

  • Built in 1950

Lot Details

  • Property is zoned AP4

Parking

  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,906 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Oven
  • Washer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Indian Trail Elementary School
  • Sun Valley Middle School
  • Sun Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • Boyce Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 07-114-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,098

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1950
  • Road Surface Type: Dirt, Gravel, Paved
  • Unit Levels: One
  • Ratio CurrentPrice/TotalPropertyHLA: 236.10
  • Geocode Confidence: High
  • Attribution Contact: john@jbolos.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1906
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Oven
  • Above Grade Finished Sq Ft: 1906
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1906
  • Bedroom Main: 3
  • Room Count: 7

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Vinyl

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Forced Air
  • Sewer: Public Sewer
  • Laundry Features: Washer Hookup
  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected
  • Water Source: City

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

  • Middle Or Junior School: Sun Valley
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 1.466
  • Lot Size Units: Acres
  • Parcel Number: 07-114-002
  • Zoning: AP4
  • Additional Parcels: No
  • Zoning Specification: AP4

MLS Schools

  • Elementary School: Indian Trail
  • High School: Sun Valley

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $1,098 $126,400 $63,700 $62,700
2023 $1,091 $126,400 $63,700 $62,700
2022 $1,091 $126,400 $63,700 $62,700
2021 $1,090 $126,400 $63,700 $62,700
2020 $497 $63,290 $28,190 $35,100
2019 $665 $63,290 $28,190 $35,100
2018 $494 $63,290 $28,190 $35,100
2017 $696 $63,300 $28,200 $35,100
2016 $517 $63,290 $28,190 $35,100
2015 $524 $63,290 $28,190 $35,100
2014 $599 $84,680 $44,640 $40,040
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 Price Changed $450,000 -10.0% $236 / Sq Ft
05/29/2025 05/29/25 For Sale $500,000 -- $262 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Netco Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $53,800 New Conventional
Closed $39,900 Stand Alone Second
Closed $35,000 Second Mortgage Made To Cover Down Payment
Closed $72,000 New Conventional
Closed $16,000 Credit Line Revolving
Closed $88,594 Unknown
Closed $62,846 Unknown
Source: Public Records

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4254965

Canopy MLS (Canopy Realtor® Association)

APN: 07-114-002