116 Lipe Rd, Troutman, NC, 28166

$650,000

Home List Price

$7,719*

Closing Credit

3 Bedrooms
1 Full Bath
1,025 SqFt
$634/SqFt
House

Location

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116 Lipe Rd, Troutman$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1924
HeatingHeat Pump
CoolingCentral Air
MLS #4051007
StatusActive

About 116 Lipe Rd

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.

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Troutman, NC

City

Med. Sold Price

$397.9K

Med. Price/SqFt

$186

Avg. Days On Market

57

# of Sold Homes

34

116 Lipe Rd vs Troutman

490 DAYS ON ROCKET

+433 Days

$650,000

+$252K More

$634/SqFt

+$448 More

KEY TAKEAWAY

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

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:51:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,123$143,230
2019$995$143,230
2018$996$131,800
2017$996$131,800

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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.

Nearby Schools

school-card-donut-496520
6
/10

  • Troutman Elementary School

  • 220 S Main St

  • 2.32 miles

  • Public District Grades KG-5

school-card-donut-496521
3
/10

  • Shepherd Elementary School

  • 1748 Charlotte Hwy

  • 3.14 miles

  • Public District Grades KG-5

school-card-donut-496522
4
/10

  • Lakeshore Elementary School

  • 252 Lakeshore School Dr

  • 4.75 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,779. The most common annual income of people living in Troutman, NC is between $35k-100k. The most common type of family is 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).

Which year was this property built?

The year of construction for 116 Lipe Rd is 1924.

Rocket Homes›North Carolina›Iredell County›Troutman›28166›116 Lipe Rd

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 more than 2 listings in Troutman, NC were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 17 were sold below. In October 2024 in Troutman, NC there were 2.3% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $397,926, while the average time on the real estate market was 57 days.

From Rocket Homes Real Estate and based on county public records data.

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