$141,031 EMV

2 Beds   1 Bath   1,147 Sq. Ft.   Single-Family
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Jones Ridge Rd
Franklin, NC 28734

Overview

This Single-Family Preforeclosure is located at Jones Ridge Rd, Franklin, NC 28734. It has 2 Beds 1 Bath , 1,147 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $141,031.
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Status: Active
Listing ID: 63781129
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Homes near Jones Ridge Rd in Franklin, North Carolina


Learn about Jones Ridge Rd in Franklin, NC

This single-family property is available as a preforeclosure at Jones Ridge Rd. This property features 2 bedrooms and 1 bathrooms, perfect for investment and/or your personal residence. With 1,147 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Franklin, specifically for Jones Ridge Rd and comparable listings. Based on this expert analysis, the estimated market value is $141,031. If purchased for rental purposes, the monthly rental rate could range between $720 and $881, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Jones Ridge Rd are updated daily along with others in Franklin, North Carolina, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Jones Ridge Rd below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Buy this home for as little as

Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

Jones Ridge Rd in Franklin North Carolina Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Jones Ridge Rd
View Preforeclosure Status
04/07/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

What is the city of Franklin, NC like?

Franklin, NC, situated in the beautiful mountains of North Carolina, offers a serene lifestyle with a strong sense of community. Residents enjoy the breathtaking scenery and the tranquility that comes with living in a town surrounded by nature. The town is known for its rich history, vibrant culture, and local festivals that celebrate the community spirit.

Outdoor enthusiasts will appreciate the numerous hiking trails, fishing spots, and the proximity to the Nantahala National Forest. The area is ideal for activities such as kayaking, mountain biking, and enjoying picturesque views during the fall foliage season. Families can take advantage of the well-maintained parks and recreational facilities.

Franklin's downtown area features a quaint array of shops, art galleries, and dining options, providing both locals and visitors with charming experiences. The community regularly hosts events and markets, fostering a convivial atmosphere. Education is prioritized here, with access to quality schools in the area.

Nearby Schools

There are 3 schools in the area. Nearby schools include Franklin High School and Macon Middle School.

Franklin High School
Macon Middle School
Iotla Valley Elementary School

Nearby Attractions

There are plenty of activities near this property like Macon County Library, Franklin Hospital, and more.

Macon County Library
Franklin Hospital
Macon County Community Center

What kind of public transportation is there?


Public transportation options include: Local taxi services and ride-sharing options, Limited regional bus services connecting to nearby towns. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Franklin Memorial Park, Tassee Park and more.

Franklin Memorial Park
Tassee Park
Nantahala National Forest

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

Blue Ridge Mountain Electric Membership Corporation (BRMEMC)
Spectrum
AT&T
Rental Chart
View Rental and Market Value
for Jones Ridge Rd in Franklin North Carolina
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Property Information

Public Records

Preforeclosure

The property located at Jones Ridge Rd in Franklin, NC is listed as a Preforeclosure

This listing located at Jones Ridge Rd in Franklin, NC could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Franklin, North Carolina is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Franklin, NC, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Franklin, North Carolina doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

This is an important legal concept to understand before moving forward

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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AVM Analysis

Loan Information

Legal Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for Jones Ridge Rd located in Franklin, NC is $800/month. Comparable homes around Jones Ridge Rd that are rentals have monthly ranges starting as low as $720 per month and as high as $881 per month. An owner looking to use this property as an investment could bring a return in the area of $720 - $881 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
04/07/25   Preforeclosure First-Citizens Bank & Trust...

Similar Homes Nearby Franklin, NC


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Homes On This Street
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Jones Ridge Rd
Franklin, NC 28734

2 Beds   1 Bath   1,147 sq. ft.   Single-Family

$141,031 EMV

Status: Active Listing ID: 63781129

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Jones-Ridge-Rd-Franklin-NC-28734/63781129_lid

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