$650,000
Bedrooms
3
Baths
1
Sq. Feet
1025
Year Built
1924
Days On Market
495
$/SqFt
$634
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Home Description: 116 Lipe Rd
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).
Available now at $650,000
Room Locations
Neighborhood
The average asking price of a 3 bedroom Troutman home in this zip code is $424,339 (34.7% less than this home).
This home is priced at $634/sqft, which is 63.9% less than similar homes in the 28166 zip code.
Map Map | Street Street | Birds Eye Birds Eye
116 Lipe Rd Troutman NC 28166
Similar to: 116 Lipe Rd
For Sale Near: 116 Lipe Rd
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Financial
Area Stats
These statistics are updated daily from the Canopy MLS. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (704) 807-8656 and speak with one of our real estate consultants.
Listing Courtesy of Allen Tate Mooresville/Lake Norman.
116 Lipe Rd, Troutman NC is a single family home of 1025 sqft and is currently priced at $650,000 . This single family home has 3 bedrooms. A comparable home for sale at 377 Streamwood Rd in Troutman is listed at $525,000. This home on 116 Lipe Rd has not had a price change. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures in Troutman, NC. Sunset Bay, Tremount and Quail Hollow are nearby neighborhoods. MLS 4051007 has been posted on this site since 7/20/2023 (today).
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