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303 Lancaster Ave, Monroe, NC, 28112

5beds
5baths
3,303sqft
$644,900
$195price/sqft
$4,102/moest. monthly cost
$164,080/yrincome needed

About This Home

Step into timeless elegance with this beautifully renovated 1920s Historic Home, blending classic architecture with today’s modern comforts. Once a duplex said to be used for Military housing, now a spacious single-family home. With over 3,300 square feet of thoughtfully designed living space, this 5-bedroom, 4.5-bath gem showcases the perfect harmony of preserved character and contemporary luxury. 3 bedrooms have their own luxury baths! From the moment you enter, you’ll be captivated by original architectural details— rich millwork, and refinished hardwood floors—balanced seamlessly with upscale updates like a gourmet kitchen, spa-inspired baths, upgraded systems, and custom lighting throughout. The expansive layout offers both formal and casual living spaces ideal for entertaining or relaxing at home. Enjoy the charm of the past with the convenience of the present in this rare opportunity to own a piece of history that’s truly move-in ready. Every inch has been meticulously restored and modernized with care, craftsmanship, and a deep respect for the home’s heritage. Fully permitted and approved through the Historic District of Monroe. Bring your Buyers and make this their new home!!

Getting Around

62
WalkingSomewhat Walkable
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

1/10
Monroe Middle SchoolGrades 6-80.7 mi
2/10
Monroe High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1939

Materials

  • Foundation: Crawl Space
  • Construction materials: Brick Full

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Electric Range,Microwave,Refrigerator
  • Laundry features: Inside,Laundry Room,Upper Level

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Upper

Bathroom Full

  • Level: Upper

Bathroom Full

  • Level: Upper

Bathroom Half

  • Level: Main

Bedroom S

  • Level: Upper

Bedroom S

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1
  • Main level bedrooms: 1

Dining Room

  • Level: Main

Family Room

  • Level: Main

Features

  • Kitchen Island,Open Floorplan,Pantry,Storage,Walk-In Closet(s)
  • Flooring: Wood
  • Fireplace features: Family Room,Living Room
  • Finished area below ground: 0
  • Finished area above ground: 3,303

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,303
  • Total interior livable area: 3,303 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Primary Bedroom

  • Level: Main

Primary Bedroom

  • Level: Upper

Primary Bedroom

  • Level: Upper

Property

Details

  • Parcel number: 09235105
  • Zoning: AQ5
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Front Porch,Rear Porch

Lot

  • Lot size: 0.17 Acres
  • Features: Cleared,Level,Private

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Ice Storm
Tornado
Cold Wave
Inland Flooding
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters in Union County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,260$39,120
Home Insurance *$229$2,748
Property Taxes $306$3,672
Electricity $307$3,691
Total$4,102$49,224
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$140,640/yr
40% on housing$123,060/yr
45% on housing$109,386/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.3%
9.3%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$195This listing

vs Other Active Listings

Avg $/sqft

ZIP 28112$201
Union County$223

vs Homes Sold Last Month

Median $/sqft

ZIP 28112$184
Union County$205

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-13Price change$644,900
2026-03-03Listed for sale$650,000
2025-12-19Listing removed$750,000
2025-09-15Price change$750,000
2025-08-20Listed for sale$799,999
2024-07-15Sold$240,000
2024-05-09Listed for sale$181,000

For Sale by Agent

AgentCaesar Escobar
BrokerageMilemma Realty, LLC

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