502 Colony Rd is a 918 square foot house on a 10,367 square foot lot with 3 bedrooms and 1 bathroom. Based on Redfin's Monroe data, we estimate the home's value is $214,879.
Single-familyProperty Type
1972Year Built
10,367 sq ftLot Size
$234Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$214,879
$2,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 6.8% lower than the average sale price ($231K) of 6 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$1,342 (+34.6%)
$32,900 + $120,600
$153,500
2024
$997
$32,900 + $120,600
$153,500
2023
$997
$17,300 + $74,100
$91,400
2022
$997
$17,300 + $74,100
$91,400
2021
$997 (+35.3%)
$17,300 + $74,100
$91,400
2020
$737
$13,400 + $41,300
$54,700
2019
$737
$13,400 + $41,300
$54,700
2018
$737 (−1.5%)
$13,400 + $41,300
$54,700
2017
$748 (+1.1%)
$13,400 + $41,300
$54,700
2016
$740 (−0.7%)
$13,400 + $41,300
$54,700
2015
$745 (+30.3%)
$13,400 + $41,300
$54,700
2014
$572 (+17.4%)
$16,730 + $57,140
$73,870
2013
$487 (−0.1%)
$16,730 + $57,140
$73,870
2012
$488 (−45.9%)
$16,730 + $57,140
$73,870
2011
$901
$16,730 + $57,140
$73,870
Tax history for 502 Colony Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,342 (+34.6%)
$32,900 + $120,600
$153,500
2024
$997
$32,900 + $120,600
$153,500
2023
$997
$17,300 + $74,100
$91,400
2022
$997
$17,300 + $74,100
$91,400
2021
$997 (+35.3%)
$17,300 + $74,100
$91,400
2020
$737
$13,400 + $41,300
$54,700
2019
$737
$13,400 + $41,300
$54,700
2018
$737 (−1.5%)
$13,400 + $41,300
$54,700
2017
$748 (+1.1%)
$13,400 + $41,300
$54,700
2016
$740 (−0.7%)
$13,400 + $41,300
$54,700
2015
$745 (+30.3%)
$13,400 + $41,300
$54,700
2014
$572 (+17.4%)
$16,730 + $57,140
$73,870
2013
$487 (−0.1%)
$16,730 + $57,140
$73,870
2012
$488 (−45.9%)
$16,730 + $57,140
$73,870
2011
$901
$16,730 + $57,140
$73,870
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Permits
Jan 2, 2013 • Final
Building
Repair a single-family home that sustained significant damage from a fire.
Remodel
Jan 2, 2013 • Final
Electrical
Repair a single-family home that sustained significant damage from a fire.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Type: Crawl-Space
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Heating Type: Forced Air
Room Information
# of Rooms: 5
Exterior
Exterior Information
Physical Condition: Average
Foundation Type: Continuous Footing
Building Style Type: Ranch
Construction Type: Wood
Building Construction Quality: Average
Exterior Wall: Brick
Roof Shape Type: Gable
Building Type: Residential
Property Information
Living Sq. Ft: 918
Gross Sq. Ft: 952
Ground Floor Sq. Ft: 918
Building Sq. Ft: 918
# of Stories: 1
Legal Description: #8 FRANKLIN COLONY 502 COLONY RD
Lot Information
# of Buildings: 1
Land Sq. Ft: 10,367
Legal Lot Number: 8
Municipality Type: 200
Municipality Name: MONROE
Acres: 0.238
Zoning Code: AQ5
County Use Description: RESIDENTIAL
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 918
Stories: 1.0
Lot Size: 10,367 square feet
Style: Single Family Residential
Year Built: 1972
Year Renovated: 1972
County: Union County
APN: 09274073
Home facts updated by county records on Jul 29, 2026
Around this home
Schools
Walter Bickett Elementary School
Public PreK-5 • Assigned • 1.3mi
3/10
Monroe Middle School
Public 6-8 • Assigned • 1.8mi
2/10
Monroe High School
Public 9-12 • Assigned • 2.4mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 106° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Monroe, NC • 28112
Average low and high temperatures (°F)
50
28
57
36
70
45
76
53
77
59
88
68
91
72
81
67
82
63
74
51
67
44
54
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.4 hours in
June and 5.4 hours in December, placing it above the
U.S. average for solar exposure.
9.4 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$205,000 – $248,000
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