This is a great investment property right in Troutman. With this much level land, buildings, and 3 older homes on this property. You could purchase it as an investment property and rent the homes or great for a developer. The 3 homes are currently rented. There are 3 wells and septics on the property already. The value of this property is in the land only. The homes have not been kept updated or remodeled. Again value is in the location and the land. There is road frontage on Flower House Loop and on Lipe Rd. This is a great investment property. Only a minute or two from shopping, and restaurants, and close to Lowes and I-77. This property land use can be Medium Density Residential. For residential subdivision, minimum lot size is 25,000 sq. ft. per dwelling (.57ac).
Property Details
Property Features
Property Information:
Year Built: 1924
Living Area: 1,025 SqFt
Listing Office:
Office Name: Allen Tate Mooresville/Lake Norman
Interior Features
Interior Information:
Appliances: Electric Oven
Basement: No
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 3
Exterior Features
Parking Information:
Parking: Driveway
Utilities
Utilities Information:
Heating: Heat Pump
Cooling: Central Air
Price Information
Listing Price Info
Price Summary:
List Price: $650,000
Price Per SqFt: $634/SqFt
Tax Information:
Annual Amount: $1,123
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Troutman, NC.
This property is $252K more than the Median Sold Price and $448/SqFt more than other homes in Troutman, NC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #4051007
Listing Office:
Office Name: Allen Tate Mooresville/Lake Norman
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Troutman Elementary School
220 S Main St
Distance between this listing and this school2.32 miles
Public District Grades KG-5
3
/10
Shepherd Elementary School
1748 Charlotte Hwy
Distance between this listing and this school3.14 miles
Public District Grades KG-5
4
/10
Lakeshore Elementary School
252 Lakeshore School Dr
Distance between this listing and this school4.75 miles
Public District Grades KG-5
Nearby Schools
6
/10
Iredell Charter Academy
251 Home Improvement St
Distance between this listing and this school0.95 miles
Public Charter Grades KG-8
4
/10
Troutman Middle School
305 Rumple St
Distance between this listing and this school2.20 miles
Public District Grades 6-8
5
/10
Lakeshore Middle School
244 Lakeshore School Dr
Distance between this listing and this school4.75 miles
Public District Grades 6-8
Nearby Schools
5
/10
Career Academy and Technical School
350 Old Murdock Rd
Distance between this listing and this school3.20 miles
Public District Grades 6-12
5
/10
South Iredell High School
299 Old Mountain Rd
Distance between this listing and this school4.10 miles
Public District Grades 9-12
7
/10
Lake Norman High School
186 Doolie Rd
Distance between this listing and this school5.70 miles
The neighbors living near this home have an average income of $54,779. Most Troutman, NC residents have annual incomes between $35k-100k. The majority of families are married, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 116 Lipe Rd
What is the listing price of this property?
The listing price of 116 Lipe Rd property is $650,000.
What type of property is this?
The property 116 Lipe Rd is a house located in Troutman, North Carolina, 28166.
Is this property for sale now?
Active Listing: 116 Lipe Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,123 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 116 Lipe Rd has 3 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 116 Lipe Rd is 1,025 SqFt (source: MLS/tax record).
This home is located at 116 Lipe Rd in Troutman, NC and zip code 28166. This 1,025 square foot home was built in 1924. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 20, 2023 and is currently priced at $650,000.
In October 2024, from all listings sold in Troutman, NC there were more than 2 sold above asking price, over 17 sold below and more than 15 were sold right at the asked price. In October 2024 in Troutman, NC there were 2.3% more homes for sale than in September 2024. In October 2024, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $397,926.
From Rocket Homes Real Estate and based on county public records data.