$490,000
SOLD DEC 16, 2024
3 Beds
2.5 Baths
1,551 Sq Ft
0.61 Acres

Recently Sold

$316 Per Sq Ft

7% Below List Price

250 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Community Beach Access
  • Golf Course Community
  • 70 Feet of Waterfront
  • Boating
  • Spa

About This Home

As of December 2024

Price reduced $25,000!!! WATERFRONT UNDER 500K !!!!Charming Blue & White Split Ranch! 3/2.5/1 CG WATERFRONT Home Nestled on Over 1/2 Acre Lot! Refreshed w/ BRAND NEW CARPET Throughout & Bathroom Flooring! Newly Painted Shutters, Front Steps and Door! Spacious, Unfinished Basement w/ Walk Out Double Door Entrance Opens To Lakefront. Multi-Generational Or An Entertainer's Delight, Endless Possibilities For Modernization & Expansion.Just In Time For Warm Weather & Memories! Owner Has Cultivated Stunning Foliage You Won't Find Anywhere Else- Palm,Dogwood, Maple, Azaleas, Persimmon,Hyacinths,Lilly,Amaryllises,Peonies, Camellias,Fresh Rosemary,Mint & More! You Also Have An Exclusive Option To Purchase Adjacent Lot & Acquire 160 ft of Total Waterfront! Lakefront/Golf Estates w/ Pool,Tennis,Clubhouse,Fishing & More! 345 Acre Spring Fed Lake, Neighborhood Private Police Force, Boat Ramps, Beaches & Pavilion. Lowest Price On The Water!

Last Agent to Sell the Property

Dan Gunther

Allen Tate/ Lake Royale License #313337

Allen Tate/ Lake Royale

Co-Listed By

Barry Wilkins

Allen Tate/ Lake Royale License #295838

Last Buyer's Agent

Dan Gunther

Allen Tate/ Lake Royale License #313337

Allen Tate/ Lake Royale

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,292

Year Built

  • Built in 1995

Lot Details

  • 0.61 Acre Lot
  • 70 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Gentle Sloping Lot
  • Cleared Lot
  • Landscaped with Trees

HOA Fees

  • $90 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Basement Garage
  • Rear-Facing Garage
  • Circular Driveway
  • Off-Street Parking

Home Design

  • Brick or Stone Mason
  • Block Foundation
  • Asphalt Roof
  • Aluminum Siding
  • Vinyl Siding
  • Stone

Interior Spaces

  • 1,551 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Propane Fireplace
  • Bay Window
  • Entrance Foyer
  • Living Room
  • Breakfast Room
  • Dining Room
  • Lake Views
  • Unfinished Basement

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Outdoor Features

  • Spa
  • Deeded Waterfront Access Rights
  • Lake Privileges
  • Deck
  • Front Porch

Schools

  • Ed Best Elementary School
  • Bunn Middle School
  • Bunn High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Septic System

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Home warranty included in the sale of the property
  • Assessor Parcel Number 022258

Community Details

Overview

  • Association fees include road maintenance, security, storm water maintenance
  • Lake Royale Poa, Phone Number (252) 478-4121
  • Lake Royale Subdivision
  • Community Lake

Amenities

  • Restaurant
  • Clubhouse

Recreation

  • Boating
  • Powered Boats Allowed
  • Community Beach Access
  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Basketball Court
  • Recreation Facilities
  • Shuffleboard Court
  • Community Playground
  • Exercise Course
  • Community Pool

Security

  • Resident Manager or Management On Site
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,292

Year Built

Built in 1995

Lot Details

0

HOA Fees

$90 per month

Parking

1

Listing Details

  • Year Built: 1995
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront, Waterfront
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Reso Association Fee Includes: Road Maintenance, Security, Storm Water Maintenance
  • Co List Office Mls Id: 1343
  • Co List Office Phone: 252-478-5608
  • Subdivision Name: Lake Royale
  • Above Grade Finished Sq Ft: 1551.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: Bi-Level
  • New Construction: No
  • General Property Information Below Grade Unfinished Area: 1254.0
  • General Property Information Total Unfinished Area2: 1254.0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Association Fee 2 Required YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Flooring Carpet: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Hardwood: Yes
  • Lot Features Hardwood Trees: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Bedroom 3 Level: Main
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: Main
  • Room Types Living Room2: Yes
  • Room Types Breakfast Room: Yes
  • General Property Information Association Phone: 252-478-4121
  • Foundation Details Block3: Yes
  • Water Source Community Water: Yes
  • General Property Information Enhanced Accessible2: No
  • Special Listing Conditions Real Estate Owned: Yes
  • General Property Information Water Frontage Length2: 70.0
  • Room Types Entrance Hall: Yes
  • General Property Information Spa YN: Yes
  • Lot Water Features Water View: Yes
  • Waterfront Access Deeded Access: Yes
  • Lot Water Features Waterfront3: Yes
  • General Property Information Above Grade Finished Area: 1551.0
  • Vegetation Cleared2: Yes
  • General Property Information Main Level Bedrooms: 3
  • Cooling Ceiling Fan(s): Yes
  • Utilities Septic Connected: Yes
  • Roof Asphalt3: Yes
  • Frontage Type Lakefront: Yes
  • Association Amenities Boating: Yes
  • View Lake2: Yes
  • General Property Information Lot Size Square Feet2: 26440.92
  • Room Types Basement3: Yes
  • View Water3: Yes
  • Levels Bi-Level: Yes
  • General Property Information Lot Size Acres: 0.607
  • Frontage Type Waterfront4: Yes
  • Lot Water Features Deeded Waterfront: Yes
  • General Property Information Stories2: 1
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Basement: Unfinished
  • Private Spa: Yes
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Propane
  • Fireplaces: 1
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Total Bedrooms: 6
  • Stories: 1
  • Community Features:Playground2: Yes
  • Fireplace Features:Propane: Yes
  • Fireplace Features:Gas4: Yes
  • Basement:Unfinished: Yes
  • Community Features:Golf: Yes
  • Community Features:Tennis Court(s)2: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Community Features:Clubhouse2: Yes
  • Community Features:Gated2: Yes
  • Community Features:Lake: Yes
  • Pool Features:Community: Yes
  • Community Features:Restaurant: Yes

Exterior Features

  • Water Body Name: Lake Royale
  • Roof: Asphalt
  • Acres: 0.61
  • Waterfront Features: Lake, Lake Privileges, Waterfront
  • Waterfront: Yes
  • Home Warranty: Yes
  • Construction Type: Aluminum Siding, Stone, Vinyl Siding
  • Foundation Details: Block
  • Patio And Porch Features: Deck, Front Porch
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Stone: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Aluminum Siding: Yes
  • Waterfront Features:Lake3: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Lot Features:Gentle Sloping: Yes
  • Lot Features:Views: Yes
  • Window Features:Bay Window(s): Yes
  • Lot Features:Waterfront: Yes
  • Waterfront Features:Waterfront2: Yes
  • Waterfront Features:Lake Privileges: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Open Parking: No
  • Parking Features: Attached, Basement, Circular Driveway, Concrete, Garage, Garage Faces Rear, Off Street
  • Total Parking Spaces: 6.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Basement2: Yes
  • Parking Features:Circular Driveway: Yes
  • Parking Features:Garage Faces Rear: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Off Street: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 6.0
  • General Property Information:Open Parking YN2: No

Utilities

  • Utilities: Septic Connected
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Community Water
  • Sewer Septic Tank: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, Gated, Golf, Lake, Playground, Restaurant, Tennis Court(s)
  • Association Fee: 1082.0
  • Association Fee Frequency: Annually
  • Association Name: Lake Royale POA
  • Phone: 252-478-4121
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Lake Royale POA
  • Association Amenities:Pool: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Golf Course: Yes
  • Association Amenities:Management: Yes
  • Association Amenities:Gated: Yes
  • Association Amenities:Recreation Facilities: Yes
  • Association Amenities:Basketball Court: Yes
  • Pool Features:Association: Yes
  • Association Fee Includes:Security2: Yes
  • Association Amenities:Beach Access: Yes
  • Association Amenities:Beach Rights: Yes
  • Association Amenities:Exercise Course: Yes
  • Association Amenities:Powered Boats Allowed: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 1082.0
  • Association Amenities:Marina: Yes
  • General Property Information:Association Fee Frequency: Annually
  • Association Amenities:Shuffleboard Court: Yes

Schools

  • Ninth Grade High School: Franklin - Bunn
  • Middle Or Junior School: Franklin - Bunn

Lot Info

  • Lot Size Sq Ft: 26440.92
  • ResoLotSizeUnits: Acres
  • Parcel #: 022258
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2292.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Franklin - Ed Best

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2024 12/16/24 Sold $490,000 -2.0% $316 / Sq Ft
09/17/2024 09/17/24 Pending -- -- --
07/11/2024 07/11/24 Price Changed $499,900 -3.8% $322 / Sq Ft
05/03/2024 05/03/24 Price Changed $519,900 -1.0% $335 / Sq Ft
01/10/2024 01/10/24 For Sale $525,000 -- $338 / Sq Ft
Source: Doorify MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,599 $444,540 $225,940 $218,600
2023 $2,292 $253,680 $103,770 $149,910
2022 $2,299 $253,680 $103,770 $149,910
2021 $2,313 $253,680 $103,770 $149,910
2020 $2,349 $253,680 $103,770 $149,910
2019 $2,316 $253,680 $103,770 $149,910
2018 $2,315 $253,680 $103,770 $149,910
2017 $1,841 $180,710 $60,450 $120,260
2016 $1,905 $180,710 $60,450 $120,260
2015 $1,921 $180,710 $60,450 $120,260
2014 $1,794 $180,710 $60,450 $120,260
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $240,000 New Conventional
Previous Owner $364,500 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $139,500 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $490,000 None Listed On Document
Deed $170,000 --
Source: Public Records

About the Listing Agent

Dan Gunther

Allen Tate/ Lake Royale

(919) 497-2201

Section Image

-2024 Real Trends Top 1.5% of Realtors Nationwide
-2024 Triangle Real Producers Top 100
-2023 Allen Tate Real Estate Presidents Circle

As one of the founders and the team leader of the Stellar Realty Group of Allen Tate, I love meeting new people and making new friends. I cherish my clients, and I promise to handle their real estate endeavors with the same care, expertise & proficiency that I would use on my own real estate purchase or sale. So many of my clients and I have become

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Source: Doorify MLS

MLS Number: 10005408

Doorify MLS

APN: 022258