Unique property on the market at 6100 Monroe Road

Wallace House at Monroe and Idlewild roads

CHARLOTTE – The stately and unique residence at 6100 Monroe Road has been on the market for a year now. Originally listed at $1.2 million, the home was just reduced to $750,000.

Built in 1933 and known as the Wallace House, the Colonial Revival is not listed on the historic register as a landmark, but is on a study list of those the Historic Landmarks Commission believes are potentially eligible.

But listing agent Jo Butterworth of Helen Adams Realty says it is considered a landmark in Charlotte.

The two-story home is 3133 square feet, sits on nearly two acres of land and has very spacious rooms including four bedrooms and two and half baths, beautiful hardwood floors and outdoor terraces. In 2009, a 1900-square-foot structure was built behind the house and parking was added so the Center of Light spiritual organization could run community outreach programs, according to Butterworth. Butterworth said the house has been used primarily as a residence and is currently owner-occupied but had been zoned for office use at one point. The home’s owner is a Center of Light priest.

There has been interest in the “majestic” house, according to Butterworth, but “a lot of folks are sitting on the sidelines waiting to see how solvent the market is.”

The property was last sold in Feb. 2008 for $700,000 and its assessed value is $844,000.