701 Lancaster Ave, Monroe, NC, 28112

$505,000

Home List Price

$5,997*

Closing Credit

5 Bedrooms
3 Full Baths, 2 Partial
3,375 SqFt
$150/SqFt
House

Location

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701 Lancaster Ave, Monroe$505,000

Buyer Closing Credits

$5,997*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1937
HeatingForced Air, Natural Gas
CoolingCeiling Fan(s), Central Air
BasementYes
FireplaceLiving Room
MLS #4146754
StatusAccepting Backup Offers
(Active Under Contract)

About 701 Lancaster Ave

OWN A PIECE EOF HISTORY! One of a kind - Arch openings- Elegant GRT room/fireplace - Formal DR - Chef's Kitchen -granite tops-Wolfe Range - Sub Zero - Warming drawer - convection wall oven- Custom Cabinetry - Den w/ custom bookshelves - Hardwood floors and Custom lighting throughout - Stunning Crown Moldings - Primary on main with en suite - 4 Oversized bedrooms up w/ large closets - One has custom built ins and is being used as an office. High Ceilings - newer double deck over looks the EXTRA Lrg rear yard and gardens. This home features a full work out room on lower level complete with equipment - Truly a Gardeners Delight w/potters shed. Fenced rear yard. Basement entrance interior and exterior. New LVP will be installed in Fitness room prior to closing

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1937
  • Living Area: 3,375 SqFt

Listing Office:

  • Office Name: Allen Tate Ballantyne
  • Office Email: donna.richards@allentate.com

Interior Features

Interior Information:

  • Appliances: Convection Oven, Dishwasher, Freezer, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Oven, Warming Drawer, Washer/Dryer
  • Basement: Yes
  • Flooring Type: Tile, Wood
  • Interior: Attic Stairs Pulldown, Built-in Features, Entrance Foyer, Kitchen Island, Pantry, Storage, Walk-In Closet(s), Walk-In Pantry
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: Driveway

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $505,000
  • Price Per SqFt: $150/SqFt

Tax Information:

  • Annual Amount: $1,957
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Monroe, NC.

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Monroe, NC

City

Med. Sold Price

$395K

Med. Price/SqFt

$201

Avg. Days On Market

38

# of Sold Homes

74

701 Lancaster Ave vs Monroe

168 DAYS ON ROCKET

+130 Days

$505,000

+$110K More

$150/SqFt

-$51 Less

KEY TAKEAWAY

This property is $110K more than the Median Sold Price and $51/SqFt less than other homes in Monroe, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4146754

Listing Office:

  • Office Name: Allen Tate Ballantyne
  • Office Email: donna.richards@allentate.com

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:51:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 04, 2013Home Sold
$207,500

Tax History

YEARPROP. TAXASSESSMENT
2020$1,957$145,340
2019$1,957$145,300
2018$2,020$145,300
2017$1,998$147,700

History based on county public records data.

Payment Calculator

$2,588

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,581

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.

Nearby Schools

school-card-donut-597713
5
/10

  • Benton Heights Elementary School

  • 1200 Concord Ave

  • 1.28 miles

  • Public District Grades PK-5

school-card-donut-597714
5
/10

  • East Elementary School

  • 515 Elizabeth Ave

  • 1.35 miles

  • Public District Grades KG-5

school-card-donut-597715
2
/10

  • Walter Bickett Elementary School

  • 830 M L King Jr Blvd S

  • 1.51 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,021. The majority of Monroe, NC residents have income between $35k-100k annually. Typical family type is married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 701 Lancaster Ave

What is the listing price of this property?

The listing price of 701 Lancaster Ave property is $505,000.

What type of property is this?

The property 701 Lancaster Ave is a house located in Monroe, North Carolina, 28112.

Is this property for sale now?

Accepting Backup Offers: 701 Lancaster Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,957 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 4, 2013 for $207,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 701 Lancaster Ave has 5 bedrooms and 3 full and 2 half bathrooms.

What is the square footage of this property?

The property 701 Lancaster Ave is 3,375 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 701 Lancaster Ave is 1937.

Rocket Homes›North Carolina›Union County›Monroe›28112›701 Lancaster Ave

This home is located at 701 Lancaster Ave in Monroe, NC and zip code 28112. This 3,375 square foot home was built in 1937. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since June 02, 2024 and is currently priced at $505,000.

In October 2024 more than 13 listings in Monroe, NC were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 46 were sold below. In October 2024 in Monroe, NC there were 5.4% less homes for sale than in September 2024. The median list price of listings available in October 2024 was $395,000, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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