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John KurtzCharlotte · NC

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Monroe · Monroe, NC

1116 Medlin Road

Monroe, NC · 3,246 sqft

$549,900

  • 4Beds
  • 2Baths
  • 3,246SqFt
  • 1920Year
  • 6Days on market

About this home

Prime development opportunity in the heart of Monroe! This expansive ±5.10-acre site, comprised of two contiguous parcels, offers a unique high-yield residential pivot. Zoned RLD (Residential Low Density) within the City of Monroe jurisdiction, the property is ideally positioned for a boutique residential cluster subdivision with a potential yield of 10-14 lots. Unlike many rural tracts, this site benefits from superior access to city water and sewer services.

The property features a charming 3,218 sq. ft. home built in 1920, which can be reimagined as a central clubhouse, HOA amenity center, or administrative office to anchor your new development. Alternatively, the site is well-suited for institutional uses such as assisted living, daycare, or private educational facilities via a Special Use Permit (SUP) through the Board of Adjustment.

With two manageable parcels (2.69 and 2.41 acres), investors can explore phased development or immediate resale of one half. Take advantage of this rare find in the Sunset/Franklin neighborhood where large, developable acreage within city limits is a finite resource. Don’t miss the chance to bring modern infill density to a location that maintains its distinct neighborhood character.

Property details

Beds
4
Baths
2
SqFt
3,246
Lot
Year built
1920
Type
Single Family
Days on market
6
Style
Bungalow
Heating
Forced Air, Natural Gas
Cooling
Central Air
Foundation
Crawl Space
Flooring
Carpet, Tile

Payment estimate

Estimated monthly payment

Includes P&I, tax, insurance

$4,047/ month

Principal & interest
$3,405
Property tax (~1.05%)
$481
Homeowners insurance
$160
HOA dues

Down payment

$27,495 down · $522,405 financed

Income to qualify (28% rule)

~$173,453 / year household

A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.

Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.

Location

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.