tomo logo

$350,000

Beds
3
Baths
2.0
sq ft
2,026

1101 Lancaster Avenue, Monroe, NC 28112

1101 Lancaster Avenue

Monroe, NC 28112

  • 6 days on market
This beautiful Cape Cod, just outside Historic Downtown Monroe, is a fantastic opportunity! Previously used as a 4-bedroom home (with 2 bedrooms on each floor) by converting the Great Room into a bedroom. The spacious kitchen features a breakfast nook, stainless steel appliances, granite countertops, and subway tile. The dining room is large enough to seat 8. Charming details throughout, including hardwood floors, crown molding, and a clawfoot tub in the lower bath. The second-floor bath offers a vanity and new shower. Enjoy the privacy of a fully fenced backyard, complete with a fire pit and a back deck—perfect for entertaining! Additional highlights include a basement/crawl space with a high-quality vapor barrier, French drainage around the foundation, and a sump pump. The detached garage features French doors, plus a shed, ample parking, and an unbeatable location. Don’t miss out...this gem won’t last long!

Details

Property type

Single Family Residence

Est. home value

$295,157

Lot size

Unknown

Price per sq ft

$173

Year built

1940

Price History

03/28/2025
CanopyMLS

CanopyMLS #4223928

Listed
$350,000
+18.24%
08/22/2022
CanopyMLS

CanopyMLS #3855683

Sold
$296,000

Schools & Community

Elementary school: 

Walter Bickett

Middle school: 

Monroe

High school: 

Monroe

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$42,309
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$279,691
Cash to seller
$42,309

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

August 2022

Original loan amount

$290,638

Est. remaining balance

$279,691

Interest rate

5.3%

Loan type

FHA, 30 year

Seller

Alexandra Burnett and Robert Burnett

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 12:40 PM

Listing updated: 03/29/2025 at 5:05 AM

Listed by: Lara Taylor, EXP Realty LLC Rock Hill Phone #: (888) 440-2798

MLS: CanopyMLS #4223928

CanopyMLS logo

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