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Spotlight: Mooresville Neighborhood of Franklin Grove

The Mooresville neighborhood of Franklin Grove is a great inland community of single-family homes that is only a few minutes from downtown Mooresville, interstate access and the shores of Lake Norman!

Established in the mid-1990s, Franklin Grove is located east of I-77 off Shearers Road just north of Rocky River Road. The neighborhood is adjacent to Bellingham Park.

From Franklin Grove, downtown Mooresville is just a few minutes to the north. I-77 is fewer than 5 miles away, and a commute to Charlotte or Concord is approximately 35 minutes, depending on traffic.

The quaint town of Davidson is only 6 miles to the south for school, work or enjoying the eclectic scene or arts that Davidson College brings to the area. For a day of shopping, eating and catching a movie, Huntersville’s Birkdale Village is less than 20 minutes from Franklin Grove.

There are also a variety of golf courses, country clubs and parks in the Lake Norman area to enjoy and explore.

Sales data for the last year as well as current list prices as of Oct. 24, 2016.

Homes in Franklin Grove are mainly 2-story residences of brick or partial brick veneer with 2-car front or side-load garages. Sales prices ranged from the high-$100,000s to mid-$300,000s during the last year.

Approximately 1 home sold per month in Franklin Grove during the last 12 months for a total of 11 homes sold. The average sales price for those homes was $257,045 and nearly $103 per square foot.

There are currently 4 homes listed for sale in Franklin Grove, which equates to approximately 4.5 months of market inventory. Both Mooresville and Iredell County have more than 6 months of inventory as of Oct. 24.

Current list prices range from $228,000 to $274,900, and only 1 home is under contract as of Oct. 24.

The neighborhood is currently zoned for Iredell County’s Rocky River Elementary School and Mooresville Middle and High schools.

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