Google street view image for 506 Colony Rd, Monroe, NC 28112

Off market

$211,181

•

1 ba

•

918

sq ft

506 Colony Rd, Monroe, NC 28112

About this home

506 Colony Rd is a 918 square foot house on a 10,585 square foot lot with 3 bedrooms and 1 bathroom. Based on Redfin's Monroe data, we estimate the home's value is $211,181.

Single-familyProperty Type

1972Year Built

10,585 sq ftLot Size

$230Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$211,181

$1,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 17.1% lower than the average sale price ($255K) of 6 comparable homes.

SOLD SEP 8, 2026
$260,000
A
3 beds1 bath1,010 sq ft
612 Welsh Ave, Monroe, NC 28112
SOLD JUN 22, 2026
$237,000
B
3 beds1 bath962 sq ft
1707 Rushing St, Monroe, NC 28112
SOLD JUL 6, 2026
$265,000
C
3 beds1 bath960 sq ft
301 Branch St S, Monroe, NC 28112
SOLD JUL 9, 2026
$201,000
D
3 beds1 bath1,120 sq ft
1203 Crowell St W, Monroe, NC 28112
SOLD SEP 29, 2026
$286,000
E
3 beds2 baths1,424 sq ft
703 W Windsor St, Monroe, NC 28112
SOLD AUG 10, 2026
$280,000
F
3 beds2 baths1,200 sq ft
1006 John St, Monroe, NC 28110

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Earn from this home

Rent

$1,512/mo

Redfin rental estimate

List your home for rent

Market trends in 28112, NC

Last updated October 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

98.2%

+0.3% MoM

Median sale price

$409K

$9K MoM

Avg. days on market

73d

11 days MoM

Recently sold homes

116

7 MoM

New listings for sale

$195,000
2 beds2 baths1,068 sq ft
2814 Hargette Rd, Monroe, NC 28112
$375,000
4 beds2.5 baths2,358 sq ft
302 Maurice St, Monroe, NC 28112
$50,000
3 beds2 baths1,914 sq ft
516 Wood Duck Point Rd, Monroe, NC 28112
COMING SOON
$325,000
3 beds2.5 baths1,492 sq ft
102 Falling Tree Ln, Monroe, NC 28112
$294,900
4 beds2 baths1,194 sq ft
503 N Bragg St, Monroe, NC 28112
$350,000
4 beds2 baths1,483 sq ft
1205 Virginia Ave, Monroe, NC 28112
$300,000
4 beds2.5 baths1,125 sq ft
501 Colony Rd, Monroe, NC 28112
OPEN SUN, 3PM TO 5PM
$585,000
3 beds3.5 baths2,673 sq ft
2910 Plum Thicket Ct, Monroe, NC 28112
$550,000
4 beds2.5 baths2,458 sq ft
4552 Lancaster Hwy, Monroe, NC 28112
$350,000
3 beds2 baths1,293 sq ft
1915 Gables Dr, Monroe, NC 28112
See all

Provided by Redfin

Sale history for 506 Colony Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2026

$1,342

$32,900 + $120,600

$153,500

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 (+35.0%)

$17,300 + $74,100

$91,400

2020

$738

$13,500 + $41,300

$54,800

2019

$738

$13,500 + $41,300

$54,800

2018

$738 (−1.5%)

$13,500 + $41,300

$54,800

2017

$749 (+1.1%)

$13,500 + $41,300

$54,800

2016

$741 (−0.7%)

$13,500 + $41,300

$54,800

2015

$746 (+32.6%)

$13,500 + $41,300

$54,800

2014

$563 (+15.5%)

$16,760 + $57,140

$73,900

2013

$487 (−0.2%)

$16,760 + $57,140

$73,900

2012

$488 (−45.9%)

$16,760 + $57,140

$73,900

2011

$902

$16,760 + $57,140

$73,900

Tax history for 506 Colony Rd

Year

Property tax

Land + Additions

Assessment*

2026

$1,342

$32,900 + $120,600

$153,500

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 (+35.0%)

$17,300 + $74,100

$91,400

2020

$738

$13,500 + $41,300

$54,800

2019

$738

$13,500 + $41,300

$54,800

2018

$738 (−1.5%)

$13,500 + $41,300

$54,800

2017

$749 (+1.1%)

$13,500 + $41,300

$54,800

2016

$741 (−0.7%)

$13,500 + $41,300

$54,800

2015

$746 (+32.6%)

$13,500 + $41,300

$54,800

2014

$563 (+15.5%)

$16,760 + $57,140

$73,900

2013

$487 (−0.2%)

$16,760 + $57,140

$73,900

2012

$488 (−45.9%)

$16,760 + $57,140

$73,900

2011

$902

$16,760 + $57,140

$73,900

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Permits

Dec 9, 2004 • Final

Electrical

Replace a gas package unit.

HVAC

Dec 9, 2004 • Final

Mechanical

Replace a gas package unit.

Gas

HVAC

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
Subdivision Name: FRANKLIN COLONY SEC 01
Living Sq. Ft: 918
Gross Sq. Ft: 956
Ground Floor Sq. Ft: 918
Building Sq. Ft: 918
# of Stories: 1
Legal Description: #10 FRANKLIN COLONY 506 COLONY RD

Lot Information
# of Buildings: 1
Land Sq. Ft: 10,585
Legal Lot Number: 10
Municipality Type: 200
Municipality Name: MONROE
Acres: 0.243
Zoning Code: AQ5
County Use Description: RESIDENTIAL

Financial

Assessor Information
Assessment Year: 2026

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 918
Stories: 1.0
Lot Size: 10,585 square feet
Style: Single Family Residential
Year Built: 1972
Year Renovated: 1972
County: Union County
APN: 09274071

Home facts updated by county records on Oct 8, 2026

Around this home

Schools

K - 12
Preschool & daycare

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)

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

$201,000 – $243,000

Sell confidently with a local market expert in Monroe. 3 minutes to get started.

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.41 acre lot • Mature trees • One level brick home

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Historic district • Renovated home • New lpv flooring

OPEN SUN, 3PM TO 5PM

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3 beds3.5 baths2,673 sq ft

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$550,000

4 beds2.5 baths2,458 sq ft

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Covered front porch • Detached garage • 5.41 acres

Home values near 506 Colony Rd

Data from public records.

Address	Redfin Estimate
500 Colony Road, Monroe, NC 3 Beds \| 1 Baths \| 958 Sq. Ft.	$238,040
505 Colony Road, Monroe, NC 3 Beds \| 1 Baths \| 1181 Sq. Ft.	$224,548
507 Colony Road, Monroe, NC 3 Beds \| 1 Baths \| 885 Sq. Ft.	$235,862
1701 Rushing Street, Monroe, NC 3 Beds \| 1 Baths \| 1150 Sq. Ft.	$230,033
500 Cherryridge Road, Monroe, NC 3 Beds \| 1.5 Baths \| 1271 Sq. Ft.	$244,306
1601 Tower Court, Monroe, NC 3 Beds \| 1 Baths \| 958 Sq. Ft.	$220,590
1704 Rushing Street, Monroe, NC 3 Beds \| 1 Baths \| 923 Sq. Ft.	$218,325

Address	Redfin Estimate
501 Colony Road, Monroe, NC 4 Beds \| 2.5 Baths \| 1125 Sq. Ft.	$299,738
504 Colony Road, Monroe, NC 4 Beds \| 1.5 Baths \| 1159 Sq. Ft.	$232,823
1705 Rushing Street, Monroe, NC 3 Beds \| 1 Baths \| 885 Sq. Ft.	$221,435
1703 Rushing Street, Monroe, NC 3 Beds \| 1 Baths \| 1204 Sq. Ft.	$233,348
1700 Rushing Street, Monroe, NC 3 Beds \| 1.5 Baths \| 1204 Sq. Ft.	$244,005
1603 Tower Court, Monroe, NC 3 Beds \| 1 Baths \| 958 Sq. Ft.	$192,923
1707 Rushing Street, Monroe, NC 3 Beds \| 1 Baths \| 962 Sq. Ft.	$258,295

Address	Redfin Estimate
503 Colony Road, Monroe, NC 3 Beds \| 1 Baths \| 918 Sq. Ft.	$243,207
502 Colony Road, Monroe, NC 3 Beds \| 1 Baths \| 918 Sq. Ft.	$211,813
1607 Rushing Street, Monroe, NC 3 Beds \| 2 Baths \| 1117 Sq. Ft.	$241,164
502 Cherryridge Road, Monroe, NC 3 Beds \| 1 Baths \| 885 Sq. Ft.	$235,046
1702 Rushing Street, Monroe, NC 3 Beds \| 1 Baths \| 1175 Sq. Ft.	$226,264
1610 Rushing Street, Monroe, NC 3 Beds \| 1.5 Baths \| 1219 Sq. Ft.	$242,517
1604 Rushing Street, Monroe, NC 3 Beds \| 1.5 Baths \| 1161 Sq. Ft.	$245,613

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About this home

Redfin Estimate

Earn from this home

Market trends in 28112, NC

Sale history for 506 Colony Rd

Tax history for 506 Colony Rd

Permits

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 28112

Home values near 506 Colony Rd

More real estate resources