Homes/North Carolina/Monroe/511 Stafford St
CompCasa Property Analysis · single_family

511 Stafford St

Ranch on Half-Acre Corner Lot — 3BR, Minutes to Downtown Monroe

Spacious yard, single-story living, ready for your updates

3 beds1 baths1,275 sq ftBuilt 19400.54 acresAttached carport; no enclosed garage
CompCasa valuation analysis
Estimated market value
$235,000
Low $215,000 · Midpoint $235,000 · High $255,000
Confidence65%Sales comparison approach
Last recorded sale$55,000Dec 30, 1998
CompCasa estimate$235,000Mar 11, 2026
Estimate vs. last recorded sale+$180,000 / +327.3%
$215,000$235,000 midpoint$255,000
Price / sq ft$184
Median sale price$310,000
Avg days on market35 days
Inventory2.5 months

Estimate anchored to list price ($234,900) and AVM ($235,161), adjusted for condition (older 1940 ranch), lot premium (0.54 ac corner lot), and local market comparables. No live comps pulled; verify with appraisal or MLS comp set.

About the property

Ranch on Half-Acre Corner Lot — 3BR, Minutes to Downtown Monroe

Step into a practical, single-story home on a rare half-acre corner parcel just minutes from downtown Monroe. This 1940 ranch offers 3 bedrooms and 1 full bath within approximately 1,275 square feet — a layout that’s straightforward and adaptable. The home’s structure is described as solid, making it a strong candidate for a cosmetic refresh or selective renovation: think modern kitchen finishes, an upgraded bath, and refreshed flooring to immediately elevate market value.

What sets this property apart is the site. The 0.54-acre corner lot supplies ample outdoor space for a garden, play area, or future expansion (verify setbacks with the city). The attached carport and broad driveway area meet everyday needs while leaving room for workshop, shed, or landscaping improvements. Inside, the central HVAC system provides year-round comfort; insulated windows are already in place on many exposures.

Location is a core advantage — enjoy quick drives or bike rides to Main Street restaurants, neighborhood coffee shops, and community events. Commuters benefit from direct access to arterial routes into the Charlotte metro while buyers who want a quieter pace will appreciate the residential character of the block.

This property is ideal for a buyer who values lot size and location over turnkey finishes. Renovate to capture upside and resale premium in Monroe’s active entry-level market, or update minimally and hold as a long-term rental with immediate demand. Schedule a showing to assess potential and walk the lot — the photo set and in-person visit reveal the home’s strengths best.

Property details

A 1940 ranch on 0.54 acres.

Building

Year built1940
ConstructionWood Frame (Likely)
HeatingCentral
CoolingCentral Air

Site & utilities

Lot size0.54 acres
GarageAttached carport; no enclosed garage
Stories1
ConditionAverage
BasementNone
FireplaceNo
Improvement notesSingle-story ranch with original/older finishes; described as solid structure and ready for cosmetic updates or modest renovation.
Lot area23,522 sq ft
TopographyLevel
FrontageCorner lot likely provides dual-street frontage (Stafford St + cross street)
ParkingAttached Carport
Parking spaces2
Parking notesAttached carport; additional driveway / on-site parking likely on large lot
AccessDirect access to Stafford St; typical residential curb cuts
WaterCity
SewerPublic Sewer
ElectricUnknown (Standard Municipal Service Assumed)
GasUnknown (Likely Available In Area)
Location & nearby

Near Downtown Monroe / Stafford Street area

Researched nearby locations

Downtown Monroe (≈0.5-1.0 mi)
Union County government offices / historic district (≈1 mi)

Location

511 Stafford St, Monroe, NC 28110

View in Google Maps
Editorial neighborhood context

This Stafford Street location sits just outside Monroe’s historic downtown core. The area blends older, well-established single-family homes with local businesses clustered along Main Street. Residents enjoy community events, a small-town civic center feel, and convenient access to Charlotte-area employers. The neighborhood appeals to buyers seeking affordable homeownership with short drives to dining, schools, and parks.

Nearby access summary

Good access to local parks and downtown amenities; green space on the property allows private outdoor recreation and landscaping potential.

ElementaryMonroe Elementary (Union County Public Schools) — estimated rating 6/10 (verify with district)
Middle schoolMonroe Middle School (Union County) — estimated rating 6/10 (verify with district)
High schoolMonroe High School (Union County) — estimated rating 6/10 (verify with district)
School districtUnion County Public Schools
Market context

A factual market snapshot around 511 Stafford St.

Median sale price$310,000
Avg days on market35 days
Inventory2.5 months
1-year appreciation300.0%
5-year appreciation1800.0%
Editorial market perspective

Monroe sits within the Charlotte metro orbit and remains a sought-after value submarket. As of early 2026, inventory in the area is modest and demand for affordable single-family homes is steady. Median sold prices around Monroe commonly sit below Charlotte’s core median, making centrally located properties like this attractive to first-time buyers and local investors. Expect moderate competition for well-priced homes with good lots; average days on market in similar product ranges from 25–45 days. This property’s list price of $234,900 places it competitively beneath the broader area median and near AVM estimate, indicating potential for quick interest if presented with tasteful updates.

Zoning & land use

Residential single-family (likely R-12 / R-8 or equivalent municipal single-family zone)

Zoning

DescriptionResidential single-family (likely R-12 / R-8 or equivalent municipal single-family zone)
JurisdictionCity of Monroe / Union County
Current useResidential

Research-indicated uses

  • Single Family Detached Residential
  • Accessory Structures Per Local Ordinance
  • Potential For Conditional Uses Per Zoning Code
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Sale history

1998-12-30$55,000
1996-04-16$25,000
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • 3 beds / 1 bath, 1,275 sqft, built 1940 (per listing data)
  • List price: $234,900; AVM: $235,161; price/sf: $184
  • Lot size: 23,522 sqft (0.54 acres) — corner lot
  • Parking: attached carport; additional onsite parking possible
  • Utilities: City water, Public sewer, Central HVAC
Highlights & features

What stands out about this property.

Interior Features

  • 3 Bedrooms, 1 Full Bath in single-level layout
  • Central heating and cooling
  • Insulated windows in key rooms
  • Kitchen with electric range (update opportunity)
  • Laundry in hall for convenience

Exterior & Lot

  • 0.54-acre corner lot (23,522 sqft)
  • Attached carport with parking area
  • Large backyard suitable for landscaping, outbuildings, or addition (subject to permits)
  • Mature shade trees and established lot lines

Location & Neighborhood

  • Minutes to downtown Monroe dining & shops
  • Short drive to Union County civic services
  • Quick access to regional commuting routes toward Charlotte
  • Neighborhood characterized by older single-family homes and steady community growth

Walkability & Recreation

  • Walkability Rating: 55/100
  • Nearby parks and community green spaces within a short drive
  • Close to local eateries and Main Street events
  • Opportunities for biking and neighborhood walks
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Redfin / CANOPYMLS (scraped)View source
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.