1385 North Franklin Road

1385 North Franklin Road has been categorized by the local assessors in Mount Airy, NC as a residential type of property. The building on the property was first built in 1956 and is 68 years old. However, we must point out that the home was most recently renovated and altered in 1990. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1385 North Franklin Road has 1,511 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 1,271 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 52,272 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 576 sqft. Residents will have the luxury of enjoying a open porch. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of wood shake/ shingles. The exterior walls of the building are made of unknown. While the interior walls have been made of minimum/plywood materials. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heat pump and being fueled with electricity. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1385 North Franklin Road sold most recently in Oct 16, 2018 for a total of $108,000. If you work out the math, that's approximately a cost of $71.48 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $595 in taxes each year. 1385 North Franklin Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $107,820. If we break it down further, the land itself was valued at $11,000. Improvements to the property, however, were assessed at a total of $96,820. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.