NOT LISTED FOR SALE

908 E Franklin St Monroe, NC 28112

Estimated Value: $290,000 - $390,000

4 Beds
2 Baths
2,382 Sq Ft
$142/Sq Ft Est. Value

Last Sold March 30, 2022

Last sale price $275,000 $115 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,907/month

16 Days on Market

About This Home

As of March 2022

Need a home with an attached apartment? You can live upstairs and then rent out the downstairs apartment to offset the costs of your mortgage. Both units have there own entrance. There is a three bedroom/one bath home upstairs and a one bedroom/one bath home downstairs with a separate entrance at the rear of the home. This home has two separate electric meters per the City of Monroe and has been used as a duplex for several years. It is the perfect investment! It has a large storage area in the basement and a laundry room that connects to the upstairs unit by stairs or can also be accessed from the rear of the home. It also has a fenced yard in the front and the back so you have a safe place for your pets. A few cosmetic updates and this home could be perfect. Both units are currently tenant occupied. Please do not disturb. This property is also listed in MLS as a duplex.

Last Agent to Sell the Property

Fairy Boyce

Sassy Chicks Real Estate Group LLC License #194834 Listed on: 02/08/2022

Co-Listed By

Katie Pressley

NorthGroup Real Estate LLC License #314225

Last Buyer's Agent

Michelle Orr

United Real Estate-Queen City License #196268

United Real Estate-Queen City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,429

Year Built

  • Built in 1950

Lot Details

  • 10,542

Parking

  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heat Pump System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 09195120

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,429

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1950
  • Ratio Current Price By Acre: 1136363.64
  • Second Living Quarters: Separate Entrance,Separate Kitchen Facilities,Separate Utilities
  • Road Surface Type: Gravel
  • Structure Type: One Story Basement
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Basement Outside Entrance, Brick/Mortar
  • Fixture Exception Yn: 1
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1232
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 657
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 657
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Second Living Quarters Hla: 575
  • Fixture Exception Description: Window Unit Air Conditioners
  • Appliances: Ceiling Fan(s), CO Detector, Dishwasher, Electric Oven, Electric Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 575
  • Living Area: 2382
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Tax Location: Union
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway, Parking Space - 3

Utilities

  • Heating: Gas Hot Air Furnace, Heat Pump, Natural Gas, Wall Unit(s)
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: In Basement, Utility Room
  • Water Source: Public

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.242
  • Lot Size Units: Acres
  • Parcel Number: 09195120
  • Zoning Description: R

Tax Info

  • RATIO List Price By Tax Amount: 2.13740

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2022
Closed on
Mar 30, 2022
Sold by
Thompson Jr Robert E and Thompson Tiffany
Bought by
Palacios Guillermo C
Seller's Agent
Fairy Boyce
Sassy Chicks Real Estate Group LLC
Buyer's Agent
Michelle Orr
United Real Estate-Queen City
List Price
$280,000
Sold Price
$275,000
Premium/Discount to List
-$5,000
-1.79%
Current Estimated Value
$337,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,342
Avg. Annual Appreciation
6.01%
Original Mortgage
$206,250
Outstanding Balance
$194,078
Interest Rate
4.42%
Mortgage Type
Balloon
Estimated Equity
$143,264

Purchase Details

Closed on
Feb 19, 2016
Sold by
Helms David E and Helms Susan Patrus
Bought by
Thompson Robert Eugene and Thompson Tiffany Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,825
Interest Rate
3.97%
Mortgage Type
VA
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
Palacios Guillermo C $275,000 Fisher Lewis R
Thompson Robert Eugene $116,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palacios Guillermo C $206,250
Previous Owner Thompson Robert Eugene $117,825
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2022 03/30/22 Sold $275,000 -1.8% $115 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $280,000 -- $118 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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
2024 $1,429 $131,000 $12,200 $118,800
2023 $1,429 $131,000 $12,200 $118,800
2022 $1,429 $131,000 $12,200 $118,800
2021 $1,429 $131,000 $12,200 $118,800
2020 $908 $67,400 $14,600 $52,800
2019 $908 $67,400 $14,600 $52,800
2018 $415 $67,400 $14,600 $52,800
2017 $922 $67,400 $14,600 $52,800
2016 $912 $67,400 $14,600 $52,800
2015 $523 $67,400 $14,600 $52,800
2014 $883 $72,380 $19,820 $52,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3827971

Canopy MLS (Canopy Realtor® Association)

APN: 09-195-120