116 Lipe Road

Troutman, NC 28166

$650,000
Price
257,004 / 5.9
Lot Size / Acres
a view of water from a window
a view of a house with a big yard
a view of a park with large trees
a view of grassy field with benches
a view of a car park in front of a house
a house view with a outdoor space
a view of a house with a big yard

Description

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...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 subdivisions, the minimum lot size is 25,000 sq. ft. per dwelling (.57ac).
  1. Listed by Candy McCarty • Allen Tate Mooresville/Lake Norman • candy.mccarty@allentate.com
LISTING UPDATED: 08/23/2024 03:02 PM

Property Details for 116 Lipe Road

StatusActive
MLS #4049791
Days on Market490
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Acreage
Year Built-
Lot Size5.90 AC
CountyIredell County

Building Information for 116 Lipe Road

Lot Size5.90 AC

Property Information for 116 Lipe Road

Summary
Location and General Information
  • Longitude: -80.861458
  • Zoning: RA
  • Latitude: 35.673414
Taxes and HOA Information
  • HOA Subject To: None
  • Tax Assessed Value: $220,770.00
  • Parcel Number: 4740-75-1250.000
  • City Taxes Paid To: No City Taxes Paid
School Information
  • Middle Or Junior School: Troutman
  • High School: South Iredell
  • Elementary School: Troutman
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
Property
Lot Information
  • Sq Ft Building Minimum: 0
  • Lot Size Units: Acres
  • Possible Use: Residential, Other - See Remarks
  • Property Type: Land
Property and Assessments
  • Geocode Confidence: High
  • Photos Count: 7
  • Road Responsibility: Publicly Maintained Road
  • Senior Community YN: No
  • Restrictions: N/A
Utilities
  • Sewer: Septic Installed
  • Water Source: Well
Interior and Exterior Features
Interior Features
  • Habitable Residence YN: Yes
Rental
Rent Information
  • Lease Considered YN: No

Property History for 116 Lipe Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 116 Lipe Road

Taxable ValueLand$154,990Additions$65,780Total$220,770
Tax Record2023$1,565 ($130 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,025 SqFtAbove Grade Finished SqFt1,025 SqFtStories1Lot Size257,004 SqFtStyleSingle Family ResidenceYear Built1924Year Renovated1939ZoningRACountyIREDELLAPN4740-75-1250.000Fireplace TypeHas Fireplace

Schools near 116 Lipe Road

This home is within Iredell-Statesville School District.
Rating
School
Type
Grades
Distance
Troutman Elementary School
Public - PK to 5
Troutman Middle School
Public - 6 to 8
South Iredell High School
Public - 9 to 12
Career Academy And Technical School
Public - 6 to 12
Rating
School
Distance
Troutman Elementary School
PublicPK to 5

Troutman Middle School
Public6 to 8

South Iredell High School
Public9 to 12

Career Academy And Technical School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 116 Lipe Road, Troutman, NC 28166

116 Lipe Road is a 5.9 ac of land for sale in Troutman, NC 28166. This property was listed for sale on July 16, 2023 by Allen Tate Mooresville/Lake Norman, it's currently listed at $650,000. This listing's school district is Iredell-Statesville School District. Nearby schools include Troutman Elementary School, Troutman Middle School and South Iredell High School. 116 Lipe Road is a 0-bed, 0-bath, 5.9 ac of land on a 257,004 sq. ft. / 5.9 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Allen Tate Mooresville/Lake Norman

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.