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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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1116 Medlin Rd , Monroe, NC 28112
$549,900
Est. Payment: $2,833.75/mo
4 Bed
2 Bath
3246 Sqft
Status: active | Days on site: 6
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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.

Highlights

Listed by Thomas Elrod , 704-887-6600 and Alvaro Aguilar , 704-887-6600 Keller Williams Ballantyne Area , 704-887-6600. Canopy MLS mls logo

Property Type

Residential

Lot/Acreage
5.09

Year Built

1920

County

Union

Neighborhood

None

Listing ID

4378370

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Oven
Air Cond:Central Air
Fireplaces:Family Room
Floor:Carpet,Tile
Above Ground Sq Ft:3246
Below Ground Sq Ft:0
Other:Has Fireplace,Master on Main
Other:Well

Exterior Features

Lot:Rolling Slope
Zoning:AQ4
Sewer:Septic Installed
Parking Features:Driveway
Principal Interest
$2,834
Taxes
$351

Home Price

$549,900

Loan Details

30 yrs
6.683%

Down Payment

20%
$109,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,833.75

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,833.75 $350.56 $0.00 $3,184.31
Yearly $34,004.97 $4,206.74 $0.00 $38,211.71
Total $1,020,149.25 $126,202.05 $0.00 $1,146,351.30

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Monroe, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Dream Team United | Keller Williams Connected | PLACE nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Canopy MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-08-01T20:02:06.000Z

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