$234,900
511 Stafford St, Monroe, NC 28110
Ranch on Half-Acre Corner Lot — 3BR, Minutes to Downtown Monroe
3 Bed · 1 Bath · 1,275 Sq Ft
Spacious yard, single-story living, ready for your updates
3
Beds
1
Baths
1,275
Sq Ft
1940
Built
0.54 acres
Lot
Attached Carport
Garage
About 511 Stafford St
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.
Home Highlights
Property Features
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
Neighborhood & Location
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.
Market Insights
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.
Nearby Schools
Monroe Elementary
Elementary · 1.0 mi
Monroe Middle School
Middle · 1.5 mi
Monroe High School
High · 2.0 mi
Walkability & Recreation
Good access to local parks and downtown amenities; green space on the property allows private outdoor recreation and landscaping potential.
Investment Highlights
- Large 0.54-acre corner lot near downtown — rare for central Monroe
- Single-story ranch plan appeals to broad buyer pool (families and downsizers)
- Listed near AVM estimate; upside through moderate renovation
- Municipal water and sewer simplify upgrades or expansion
- Strong neighborhood demand for affordable, well-located single-family homes
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
Things to Consider
- Interior finishes are dated — renovation budget required to reach higher comps
- Mechanical systems and roof condition not disclosed; inspection recommended
- No enclosed garage may limit some buyer segments
- Historic sales show long ownership; verify permitted work and property condition
Opportunity Analysis
Acquire a well-sited, affordable single-family ranch near downtown Monroe and add value through targeted interior renovations and landscaping; preserve or leverage the large corner lot for increased utility or modest addition to command higher market rents/sales price.
Potential Use Scenarios
- Cosmetic renovation focusing on kitchen, bathroom, flooring, and paint to achieve quick price uplift
- Consider modest rear or side addition if allowed to increase square footage (verify setbacks/zoning)
- Stabilize and market as an attractive starter home with modernized systems for owner-occupiers
- For investors, convert to turnkey rental after updates; target rents consistent with 3BR product in Monroe
Risk Factors
- Unknown condition of mechanicals / roof could add cost
- Potential permitting or setback constraints for expansions
- Competition from recently renovated nearby homes
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$215K
Midpoint
$235K
High
$255K
$184/SF estimated price per square foot
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.
As of 2026-03-11
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Monroe and Union County have seen steady in-migration from the Charlotte metro, driving demand for entry-level and value-up properties. Local incomes and population have trended upward over the past decade.
Nearby Points of Interest
- Downtown Monroe (≈0.5-1.0 mi)
- Union County government offices / historic district (≈1 mi)
Property sits a short drive or quick bike ride from downtown Monroe restaurants, cafes, and shops. Parks and civic institutions are nearby; Charlotte is ~25–30 miles northwest with direct commuting routes.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
Sale History
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