If you're looking for a low-maintenance, single story home in a super-convenient location that's near shopping, schools, and more then 507 Colony might be the house you've been waiting for. The renovation was just completed so you'll enjoy new paint, a new kitchen, freshly refinished hardwood flooring, a brand new bathroom, brand new windows, a new roof, all new lighting and more.
Single-familyProperty Type
1972Year Built
10,367 sq ftLot Size
$267Est. Price/Sq.Ft.
Listed by Richard Price• R. W. Price & Associates, LLC
Bought with Morgan Barr• Keller Williams Select
Source:CANOPYMLS as Distributed by MLS Grid #3435613
Redfin Estimate
$236,705
$82K since sold in July 2024$1,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 2.7% higher than the average sale price ($231K) of 6 comparable homes.
If you're looking for a low-maintenance, single story home in a super-convenient location that's near shopping, schools, and more then 507 Colony might be the house you've been waiting for. The renovation was just completed so you'll enjoy new paint, a new kitchen, freshly refinished hardwood flooring, a brand new bathroom, brand new windows, a new roof, all new lighting and more.
Public Records
Aug 23, 2007
Sold
$51,000
$58/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,606 (+53.6%)
$32,900 + $150,800
$183,700
2024
$1,046
$32,900 + $150,800
$183,700
2023
$1,046
$17,300 + $78,600
$95,900
2022
$1,046 (+6.6%)
$17,300 + $78,600
$95,900
2021
$981 (+35.7%)
$17,300 + $78,600
$95,900
2020
$723
$13,400 + $40,300
$53,700
2019
$723
$13,400 + $40,300
$53,700
2018
$723 (−1.5%)
$13,400 + $40,300
$53,700
2017
$734 (+1.1%)
$13,400 + $40,300
$53,700
2016
$726 (−0.7%)
$13,400 + $40,300
$53,700
2015
$731 (+22.3%)
$13,400 + $40,300
$53,700
2014
$598 (+25.0%)
$16,730 + $55,780
$72,510
2013
$478 (−0.1%)
$16,730 + $55,780
$72,510
2012
$479 (−45.9%)
$16,730 + $55,780
$72,510
2011
$885
$16,730 + $55,780
$72,510
Tax history for 507 Colony Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,606 (+53.6%)
$32,900 + $150,800
$183,700
2024
$1,046
$32,900 + $150,800
$183,700
2023
$1,046
$17,300 + $78,600
$95,900
2022
$1,046 (+6.6%)
$17,300 + $78,600
$95,900
2021
$981 (+35.7%)
$17,300 + $78,600
$95,900
2020
$723
$13,400 + $40,300
$53,700
2019
$723
$13,400 + $40,300
$53,700
2018
$723 (−1.5%)
$13,400 + $40,300
$53,700
2017
$734 (+1.1%)
$13,400 + $40,300
$53,700
2016
$726 (−0.7%)
$13,400 + $40,300
$53,700
2015
$731 (+22.3%)
$13,400 + $40,300
$53,700
2014
$598 (+25.0%)
$16,730 + $55,780
$72,510
2013
$478 (−0.1%)
$16,730 + $55,780
$72,510
2012
$479 (−45.9%)
$16,730 + $55,780
$72,510
2011
$885
$16,730 + $55,780
$72,510
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Permits
Mar 5, 2009 • Final
Mechanical
Electrical
HVAC
Mar 5, 2009 • Final
Electrical
Electrical
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
Air Conditioning Type: Central
Heating Type: Forced Air
Room Information
# of Rooms: 5
Exterior
Exterior Information
Physical Condition: Good
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
Living Sq. Ft: 885
Gross Sq. Ft: 956
Ground Floor Sq. Ft: 885
Building Sq. Ft: 885
# of Stories: 1
Legal Description: #41 FRANKLIN COLONY PB06 PG139
Lot Information
# of Buildings: 1
Land Sq. Ft: 10,367
Legal Lot Number: 41
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.: 885
Stories: 1.0
Lot Size: 10,367 square feet
Style: Single Family Residential
Year Built: 1972
Year Renovated: 1972
County: Union County
APN: 09274040
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
$225,000 – $273,000
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