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

Troutman, NC, 28166
$ 650,000
Bedrooms3 Baths1.0 Sq 1,025

Monthly Estimate*

$ 4,540

116 Lipe Road, Troutman, NC 28166 - Image 1
116 Lipe Road, Troutman, NC 28166 - Image 2
116 Lipe Road, Troutman, NC 28166 - Image 3
116 Lipe Road, Troutman, NC 28166 - Image 4
116 Lipe Road, Troutman, NC 28166 - Image 5
116 Lipe Road, Troutman, NC 28166 - Image 6
116 Lipe Road, Troutman, NC 28166 - Image 7

Single Family Home for sale in Troutman, NC

for $650,000 with 3 bedrooms and 1 full bath. This 1,025 square foot home was built in 1924 on a lot size of 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 subdivision, minimum lot size is 25,000 sq. ft. per dwelling (.57ac).

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Single Family Active

Price

$ 650,000

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

5.9

Year Built

1924

Town/City

Troutman

County/Region

Iredell

MLS | Web ID

4051007

Features
General
Sewer Septic Installed
Heating Heat Pump
Cooling Central Air
Appliances Electric Oven
Zoning RA
Construction Materials Aluminum Vinyl
Year Built 1924
Property SubType Single Family Residence
County Iredell
New Construction N
Property Type Residential
Subdivision Name None
High School Unspecified
City Troutman
Street Name Lipe
Elementary School Unspecified
Middle/Junior High School Unspecified
Standard Status Active
Construction Type Manufactured
Tax Assessed Value 220770
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Exterior
Parking Features Driveway
Water Source Well
Lot Size Area 5.9
Foundation Details Crawl Space
Road Surface Type Dirt
Lot Size Units Acres
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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Interior
Above Grade Finished Area 1025
Full Baths 1
Half Baths 0
Street Suffix Road
Laundry Features Laundry Room
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 1
SqFt Main 1025
SqFt Lower 0
SqFt Upper 0
Bedroom 3
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Internal Only
Street Number 1 116
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* Excluded Features
List By
Allen Tate Mooresville/Lake Norman

Broker

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$4,540
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,540
Monthly Property Taxes
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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
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History
DatePricePrice ChangeDescription
7/20/2023$650,000 Listed Price

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116 Lipe Road, Troutman, NC, 28166 is a Single Family Home for sale at $650,000 with 1,025 sqft and a lot size of 5.9. 116 Lipe Road has 3 bedrooms, 1.0 baths, and was built in 1924. The property's zip code is 28166 which is in Troutman, NC