116 Lipe Road Troutman, NC $ 650,000
116 Lipe Road
$ 650,000
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116 Lipe Road

Troutman, NC, 28166
$ 650,000
Baths0.0

Monthly Estimate*

$ 4,540

116 Lipe Road, Troutman, NC 28166 - Image 1
116 Lipe Road, Troutman, NC 28166 - Image 2
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Studio

Lots and Land for sale in Troutman, NC

for $650,000. The lot size is 5.9.

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).

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Lots and Land Active

Price

$ 650,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Acreage

Lot Size

5.9

Town/City

Troutman

County/Region

Iredell

MLS | Web ID

4049791

Features
General
Sewer Septic Installed
Zoning RA
Property SubType Acreage
County Iredell
Property Type Land
Possible Use Residential Other - See Remarks
High School South Iredell
City Troutman
Street Name Lipe
Elementary School Troutman
Middle/Junior High School Troutman
Standard Status Active
Restrictions N/A
Tax Assessed Value 220770
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Exterior
Water Source Well
Lot Size Area 5.9
Lot Size Units Acres
Road Responsibility Publicly Maintained Road
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Interior
Street Suffix Road
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Internal Only
Street Number 1 116
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* Excluded Features
List By
Allen Tate Mooresville/Lake Norman

Broker

Affordability Calculator

$4,540
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,540
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
293866 Elementary School
294168 Middle School
South Iredell High School High School
Pricing History
DatePricePrice ChangeDescription
7/16/2023$650,000 Listed Price

Map


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116 Lipe Road, Troutman, NC, 28166 is a Lots and Land for sale at $650,000 with a lot size of 5.9. 116 Lipe Road is a studio with 0.0 baths. The property's zip code is 28166 which is in Troutman, NC