INCOME-PRODUCING PROPERTY with TWO properties in one!! Priced below appraisal. Newly updated 3-bedroom 1.5 bath home AND 2-bedroom 1 bath apartment above garage on 1.2 acres. New countertops and paint, flooring and fixtures throughout house; LOTS of closet space! 22-foot covered front porch for pretty days and enclosed 14-foot sunroom for not-so-pretty days! Large 2 bay detached garage with a separate drive and entrance to apartment. Great potential for investment as rental properties, or to rent the apartment out to offset your mortgage! Huge unfinished basement offers additional space and possibilities with its own entrance as well. This one is a must-see!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,612
Per Month
Principal & Interest
$1,545
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$994
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Franklin Elementary School
519 S Franklin Rd
Distance between this listing and this school3.17 miles
Public District Grades PK-5
4
/10
Jones Intermediate School
2170 Riverside Dr
Distance between this listing and this school3.38 miles
Public District Grades 3-5
6
/10
Flat Rock Elementary School
1539 E Pine St
Distance between this listing and this school4.62 miles
Public District Grades PK-5
Nearby Schools
6
/10
J Sam Gentry Middle School
1915 W Pine St
Distance between this listing and this school2.35 miles
Public District Grades 6-8
5
/10
Meadowview Magnet Middle School
1282 McKinney Rd
Distance between this listing and this school3.57 miles
Public Magnet Grades 6-8
7
/10
Mount Airy Middle School
249 Hamburg St
Distance between this listing and this school4.08 miles
Public District Grades 6-8
Nearby Schools
6
/10
Mount Airy High School
1011 N South St
Distance between this listing and this school2.32 miles
Public District Grades 9-12
6
/10
North Surry High School
2440 W Pine St
Distance between this listing and this school2.38 miles
Public District Grades 9-12
5
/10
Millennium Charter Academy
500 Old Springs Rd
Distance between this listing and this school3.04 miles
The neighbors living near this home have an average income of $53,957. Most Mount Airy, NC residents have annual incomes between $35k-100k. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1299 N Franklin Rd
What is the listing price of this property?
The listing price of 1299 N Franklin Rd property is $309,500.
What type of property is this?
The property 1299 N Franklin Rd is a house located in Mount Airy, North Carolina, 27030.
Is this property for sale now?
Active Listing: 1299 N Franklin Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,076 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 1299 N Franklin Rd has 3 bedrooms and 1 full and 1 half bathrooms.
What is the square footage of this property?
The property 1299 N Franklin Rd is 1,580 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1299 N Franklin Rd is 1970.
This home is located at 1299 N Franklin Rd in Mount Airy, NC and zip code 27030. This 1,580 square foot home, which was built in 1970, sits on a 1.20 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 15, 2024 and is currently priced at $309,500.
Over 4 listings were sold over their listed price in October 2024 in Mount Airy, NC. In the same period over 12 listings were sold below the listed price and 5 listings were sold for the listed price. The number of homes for sale in Mount Airy, NC increased by 1.7% between September 2024 and October 2024. In October 2024, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $230,000.
From Rocket Homes Real Estate and based on county public records data.