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Macon 28734
289 Sutton Lane
$595,000
● House - Off Market

289 Sutton Lane

Franklin, NC 28734
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,346 Ft²
$3,192
Est. Monthly
4.81%
Cap Rate

About This Property

Exceptional Farmhouse, in a magnificent setting.   Located in the desirable Clark's Chapel area on Sutton Lane,  you're sure to fall in love with the panoramic views of the surrounding mountains & pastureland all from the comfort of your easy chair on the large covered porch.   This beautifully maintained and updated home has easy access to downtown Franklin and the surrounding areas.    Floor measurements provided by CubiCasa software - considered reliable, but not guaranteed.
Unit Size
3,346 Ft²
Days on Market
45 days
Land Size
1.24 acres
Price per sqft
$187
Property Type
House
Property Taxes
$122
HOA Dues
-
Year Built
2002

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 9 months ago (GAMLS #10230647)

Price History

Date / Event Date Event Price
Jan 19, 2024 Sold
Premium
Sold
Nov 29, 2023 Listed by Poss Realty $625,000
Listed by Poss Realty
Oct 7, 2022 No longer available -
No longer available
Oct 6, 2022 Sold
Premium
Sold
Sep 1, 2022 In contract -
In contract
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,232
  • Garage Type: 25
  • Garage Square Area: 696
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,014
  • Total Building Area: 2,432
  • Building Area: 2,432
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 2,432
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLARKS CHAPEL
  • Land Acres: 0000001240
  • Standard Land Use Code: 1001
  • County Land Use Code: D
  • Legal Description 1: TR A B C CLARKS CHAPEL PC 9321

Neighborhood

  • School District Name: Macon County Schools
  • School Tax School District: F02 CLARKS CHAP
  • Census Tract: 970600

Geography

  • Assessors Map Reference: MAP 6593
  • Account Number: 153565
  • District: 1
  • Subdivision Tract Number: A
  • Parcel: 6593334460
  • Municipality: FRANKLIN
  • Latitude: 35.1367
  • Longitude: -83.3715

    Address

  • Full Address: 289 Sutton Ln
  • Address - House Number: 289
  • Address - Street Name: Sutton
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Franklin
  • Carrier Code: R006
  • 4-Digit Zip Code: 4834
  • Zip Code: 28734

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $161,973

    Appraisal Valuation

  • Standard Deviation: 0.2064
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 72
  • Final Value: 508,887
  • High Value: 613,947
  • Low Value: 403,827

    Market Valuation

  • Market Total Value: $466,870
  • Market Land Value: $40,040
  • Market Improvement Value: $426,830

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $466,870
  • Assessed Land Value: $40,040
  • Assessed Improvements Value: $426,830

    Sales

  • Current Sale Contract Date: Jan 19, 2024
  • Current Sale Recording Date: Jan 19, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 310
  • Previous Sale Recording Date: Oct 06, 2022
  • Previous Sale Contract Date: Sep 28, 2022
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Macon

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$262

Below Asking

0.03%

Average Days on Market

97

Average Home Size

1883 ft²

Average Home Age

24.8 years

Currently For Sale

59 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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GAMLS

Listed by: Nathan Conkling, Poss Realty
Last Updated: 9 months ago
Data Source: GAMLS, MLS# 10230647
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 289 Sutton Lane built and last sold?
The property at 289 Sutton Lane was built in 2002 and last sold on Jan 19, 2024 for $595,000.
How much is this home worth?
The estimated value of the home located at 289 Sutton Lane is $677,079.
What are some comparable homes to 289 Sutton Lane?
There are currently no comparable homes to 289 Sutton Lane.
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