MLS# 4051007 – 116 Lipe Road, Troutman, NC 28166

$650,000 - 3Br/1Ba - for Sale in None, Troutman

Price: $650,000

Beds: 3

Baths: 1

Status: Active

Property Type: Single Family Residence

Lot Size Acres: 5.90

Lot Size SqFt: 257,004

Year Built: 1924

Neighborhood: None

Days on Website: 495

Courtesy of Allen Tate Mooresville/Lake Norman.

Property 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 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).

Property Details and Features

Appliances & Equipment
Description: “Electric Oven”

Bathrooms
Full Bathrooms: 1
Half Bathrooms: 0

Bedrooms
Total Bathrooms: 3

Building
Finished Area Above Grade: 1025
Area: 1025
Construction Materials: “Aluminum”, “Vinyl”
Year Built: 1924
Construction Type: Manufactured

Cooling
Details: “Central Air”

Heating
Heating: “Heat Pump”

Laundry
Description: “Laundry Room”

Listing
Days on Market: 400
Listing Price: 650000

Location
City: Troutman
State: NC
Zip: 28166
County: Iredell
Subdivision: None

Lot
Size: 5.9
Size Units: Acres

Property
Zoning: RA

Schools
Elementary: Unspecified
Middle/Junior High: Unspecified
High School: Unspecified

Utilities
Sewer: “Septic Installed”
Water Source: “Well”

Auction Info
Auction Y/N: 0

Garage
Man Level Garage: 0

Interior Features
SqFt Lower: 0
Main SqFt: 1025
Third SqFt: 0
Unheated Total SqFt: 0

Property Map

$650,000 – 116 Lipe Road, Troutman, NC 28166

Street View

Nearby Schools

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Based on information submitted to the MLS GRID as of November 26, 2024 15:43. 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. Some IDX listings have been excluded from this website.

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