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387 NE Main St, Franklin, NC, 28734

6beds
5baths
4,600sqft
$2,450,000
$533price/sqft
$14,292/moest. monthly cost
$571,680/yrincome needed

About This Home

Experience the best of historic charm and modern luxury in downtown Franklin, NC! This remarkable property features an 1800s historic home nestled on Main Street, paired seamlessly with a contemporary, smaller residence—creating a combined 5,500+ sqft of versatile space. Boasting commercial potential and adjacency to the hospital, this gem offers many possibilities—from a captivating wedding venue to an enticing corporate retreat. Embrace the fusion of rich history and modern convenience, primed for your vision of upscale living or entrepreneurial endeavors. Sale includes PIN#'s 6595207789, 6595208882, 6595218012, 6595217016.

Getting Around

57
WalkingSomewhat Walkable
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

6/10
Macon Middle SchoolGrades 7-81.8 mi
6/10
Franklin HighGrades 9-120.6 mi

Construction

Condition

  • Year built: 1872

Materials

  • Roof: Metal
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Residential

Interior

Appliances

  • Appliances included: Electric Oven/Range,Refrigerator,Electric Water Heater
  • Laundry features: First Level

Basement

  • Has basement: Yes
  • Basement: Full

Bedroom2

  • Level: First

Bedroom3

  • Level: Second

Bedroom4

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Dining Room

  • Level: First

Features

  • Bonus Room,Formal Dining Room,Great Room,Kitchen/Dining Room,Large Master Bedroom,Living/Dining Room,Main Level Living
  • Window features: Windows-Storm Part
  • Flooring: Carpet,Vinyl,Hardwood
  • Fireplace features: Wood Burning,Two or More
  • Fireplace: Yes
  • Attic: Windows,Floored,Partially Finished,Permanent Stairs

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Central Electric

Interior Area

  • Total structure area: 4,600
  • Total interior livable area: 4,600 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Office

  • Level: Second

Property

Details

  • Parcel number: 6595207789

Features

  • Levels: Two
  • Living area range: 4000+

Lot

  • Lot size: 2.71 Acres
  • Features: Level,Level Yard,Within City Limits

Parking

  • Parking features: Garage-Triple Detached,Garage-Single in Basement,Paved Driveway
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • 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

  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Inland Flooding
Ice Storm
Strong Wind
Tornado

FEMA Declared Disasters in Macon 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 $12,388$148,656
Home Insurance *$768$9,216
Property Taxes $708$8,496
Electricity $428$5,141
Total$14,292$171,504
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$490,011/yr
40% on housing$428,760/yr
45% on housing$381,120/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: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 6.4%
6.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$533This listing

vs Other Active Listings

Avg $/sqft

ZIP 28734$245
Macon County$557

vs Homes Sold Last Month

Median $/sqft

ZIP 28734
Macon County$264

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)

No zestimate history available

Price History

DateEventPrice
2024-05-16Price change$2,450,000
2023-11-19Listed for sale$2,800,000

For Sale by Agent

AgentJeff Norwood
BrokerageMossy Oak Properties Carolina Timber And Realty

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