Great investment or developer opportunity located just minutes to downtown Forest City and the 13 mile bike path. Community features approximately 38.89 total acres with the possibility of 29 homesites ranging between 0.5 and 2.64 acres. Common areas include community pool, tennis courts, pickle ball, picnic and clubhouse. Underground electric, paved city maintained roads, natural gas and city water available-homesites require septic system. Don't miss this great opportunity in the heart of Rutherford County!
Property Details
Property Features
Listing Office:
Office Name: Premier Sotheby’s International Realty
Other
Directions Information:
Directions: Call Listing Agent, Showing Service
Price Information
Listing Price Info
Price Summary:
List Price: $716,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Forest City, NC.
This property is $496K more than the Median Sold Price in Forest City, NC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #4171932
Listing Office:
Office Name: Premier Sotheby’s International Realty
Listings courtesy of Canopy MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,641
Per Month
Principal & Interest
$3,574
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,213
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
8
/10
Forest City-Dunbar Elementary School
286 Learning Pkwy
Distance between this listing and this school1.00 miles
Public District Grades PK-5
7
/10
Spindale Elementary School
161 N Oak St
Distance between this listing and this school2.47 miles
Public District Grades PK-5
4
/10
Mt. Vernon-Ruth Elementary School
2785 Hudlow Rd
Distance between this listing and this school4.19 miles
Public District Grades PK-5
Nearby Schools
4
/10
R-S Middle School
545 Charlotte Rd
Distance between this listing and this school3.16 miles
Public District Grades 6-8
3
/10
East Rutherford Middle School
259 E Church St
Distance between this listing and this school3.41 miles
Public District Grades 6-8
4
/10
Chase Middle School
840 Chase High Rd
Distance between this listing and this school6.29 miles
Public District Grades 6-8
Nearby Schools
7
/10
Rutherford Early College High School
286 Icc Loop Road
Distance between this listing and this school1.86 miles
Public District Grades 9-12
2
/10
Rutherford Opportunity Center
140 Old Caroleen Rd
Distance between this listing and this school2.46 miles
Public District Grades 6-12
7
/10
East Rutherford High School
331 E High Rd
Distance between this listing and this school4.17 miles
The neighbors living near this home have an average income of $47,619. Typical income of Forest City, NC residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About TBD Palms Way
What is the listing price of this property?
The listing price of TBD Palms Way property is $716,000.
What type of property is this?
The property TBD Palms Way is land located in Forest City, North Carolina, 28043.
Is this property for sale now?
Active Listing: TBD Palms Way is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at TBD Palms Way in Forest City, NC and zip code 28043. It has been listed on Rocket Homes since August 13, 2024 and is currently priced at $716,000.
In October 2024 more than 4 listings in Forest City, NC were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 8 were sold below. The inventory of homes for sale in Forest City, NC between September 2024 and October 2024 decreased by 4.2%. Listings spent 39 days on the market in October 2024, and had a median list price of $220,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
Pro Wrestling
Pro Wrestling
Figure Skating
NASCAR
Wal-Mart
Kmart
Dollar General
Sonic
Bob Evans
Cracker Barrel
Oldsmobile
Buick
Ram
Contemporary Inspirational
Classic Country