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.
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.