116 Lipe Road

Troutman, NC 28166

$650,000
Price
3
Beds
1
Bath
1,025 Sq. Ft.
$634 / Sq. Ft.
1,025
Sq. Ft.
$634
per Sq. Ft.

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 subdivision, 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

Property Details for 116 Lipe Road

Parking Features
Driveway
Subdivision Name
None

Location

Listing Courtesy of Allen Tate Mooresville/Lake Norman
Add your commute
LISTING UPDATED: 01/30/2024 12:57 PM

Property Details for 116 Lipe Road

StatusActive
MLS #4051007
Days on Market288
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1924
Lot Size5.90 AC / 257,004 SF
CountyIredell County

Location

Listing Courtesy of Allen Tate Mooresville/Lake Norman
Add your commute

Building Information for 116 Lipe Road

Stories-Year Built1924Building Size-Lot Size5.90 AC / 257,004 SF

Payment Calculator

$3,677 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$130

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Open Parking: No
  • Carport: No
  • Garage: No
  • Main Level Garage: No
Property
Lot Information
  • Above Grade Finished Area: 1025.0
  • Below Grade Finished Area: 0.0
  • Sq Ft Lower: 0
  • Sq Ft Main: 1025
  • Sq Ft Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Lot Size Units: Acres
  • Property Type: Residential
Property and Assessments
  • Geocode Confidence: High
  • Down Payment Resource: 1
  • New Construction: No
  • Photos Count: 7
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Manufactured
  • Assumable: No
  • Senior Community: No
Green Features
  • Green Verification Count: 0
Utilities
  • Sewer: Septic Installed
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum, Vinyl
  • Road Surface Type: Dirt
Interior Features
  • Appliances: Electric Oven
  • Levels: One
  • Cooling: Central Air
  • Heating: Heat Pump
  • Laundry Features: Laundry Room
  • Foundation Details: Crawl Space
  • Basement: No
  • Bedroom Main: 3
  • Full Bath Main: 1
  • Half Bath Main: 0
Room Information
Room 1
  • Room Types: Primary Bedroom
  • Room Level: Main
Room 2
  • Room Types: Bathroom-Full
  • Room Level: Main

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
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
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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116 Lipe Road is a single family home for sale in Troutman, NC 28166. This property was listed for sale on July 20, 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 3-bed, 1-bath, 1,025 sqft single family home built in 1924.

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. 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.