$20,000
SOLD APR 16, 2025

106 Rustler Rd Louisburg, NC 27549

0.46 Acre
$43,478 Price per Acre
20,038 Sq Ft Lot

Recently Sold

43% Below List Price

370 Days on Market

Highlights

  • Community Beach Access
  • Golf Course Community
  • Gated Community
  • Boat Dock
  • Fishing
  • Community Lake

About This Lot

As of April 2025

Enjoy 18-Hole Golf, Pro Shop, Golf Carts, Access to the Lake Side. Boating, Fishing, Swimming, Clubhouse, Pavilion, Tennis Court, Community Swimming Pool and enjoy other amenities on the Lake Side.

Last Agent to Sell the Property

Hilda Parler

PARLER PROPERTIES LLC License #239797 Listed on: 03/05/2024

Last Buyer's Agent

Ronda Falk

Coldwell Banker HPW License #161512

Coldwell Banker HPW

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $140

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 80 x 250
  • The property's road front is unimproved
  • Property fronts a private road
  • Property fronts an easement
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Landscaped with Trees

HOA Fees

  • $99 Monthly HOA Fees

Schools

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

Utilities

  • Perc Test Required For Septic Tank
  • Septic Needed
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 023860

Community Details

Overview

  • Association fees include road maintenance
  • Lake Royale Property Owners' Association, Phone Number (252) 478-4121
  • Lake Royale Golf Course Subdivision
  • Community Lake

Recreation

  • Boat Dock
  • Community Beach Access
  • Golf Course Community
  • Tennis Courts
  • Fishing

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$140

Lot Details

0

HOA Fees

$99 per month

Listing Details

  • Prop. Type: Land
  • Horses: No
  • Road Frontage Type: Easement, Private Road, Unimproved, 2 Lane Road
  • Road Surface Type: Asphalt, Paved
  • Reso Association Fee Includes: Road Maintenance
  • Subdivision Name: Lake Royale Golf Course
  • General Property Information Lot Size Dimensions: 80 x 250
  • General Property Information Association Fee Required YN: Yes
  • Lot Features Hardwood Trees: Yes
  • Utilities Cable Available: Yes
  • General Property Information Association Phone: 252.478.4121
  • General Property Information Senior Community YN: No
  • Water Source Community Water: Yes
  • General Property Information Horse YN2: No
  • Sewer Septic Needed: Yes
  • Vegetation Wooded2: Yes
  • Utilities Electricity Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Water Available: Yes
  • General Property Information Monthly Association Fees2: 99.0
  • Road Frontage Type Easement: Yes
  • Development Status Raw Land: Yes
  • Sewer Perc Test Required: Yes
  • General Property Information Lot Size Square Feet2: 20037.6
  • Road Frontage Type Unimproved2: Yes
  • General Property Information Lot Size Acres: 0.46
  • General Property Information Waterfront YN: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Community Features:Golf: Yes
  • Community Features:Tennis Court(s)2: Yes
  • Community Features:Clubhouse2: Yes
  • Community Features:Gated2: Yes
  • Community Features:Lake: Yes
  • Community Features:Fishing: Yes

Exterior Features

  • Acres: 0.46
  • Waterfront: No
  • Lot Features:Wooded: Yes
  • Lot Features:Rolling Slope: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available, Water Available
  • Water Source: Community Water

Condo/Co-op/Association

  • Community Features: Clubhouse, Fishing, Gated, Golf, Lake, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 1193.0
  • Association Fee Frequency: Annually
  • Association Name: Lake Royale Property Owners' Association
  • Phone: 252-478-4121
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Lake Royale Property Owners' Association
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Golf Course: Yes
  • Association Amenities:Beach Access: Yes
  • Association Amenities:Beach Rights: Yes
  • Association Amenities:Boat Dock: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 1193.0
  • General Property Information:Association Fee Frequency: Annually

Schools

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

Lot Info

  • Current Use: Vacant
  • Development Status: Raw Land
  • Lot Dimensions: 80 x 250
  • Lot Size Sq Ft: 20037.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 023860

Tax Info

  • Tax Annual Amount: 38.52
  • Tax Year: 2023

MLS Schools

  • Elementary School: Franklin - Ed Best

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2024
Closed on
Apr 16, 2025
Sold by
Anderson Kendall
Bought by
Zion Custom Homes Llc
Seller's Agent
Hilda Parler
PARLER PROPERTIES LLC
Buyer's Agent
Ronda Falk
Coldwell Banker HPW
List Price
$35,000
Sold Price
$20,000
Premium/Discount to List
-$15,000
-42.86%
Views
62
Current Estimated Value
$227,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,103
Avg. Annual Appreciation
35359.32%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $20,000 None Listed On Document
Warranty Deed $20,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2025 04/16/25 Sold $20,000 -20.0% --
03/11/2025 03/11/25 Pending -- -- --
05/09/2024 05/09/24 Price Changed $25,000 -28.6% --
03/05/2024 03/05/24 For Sale $35,000 -- --
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

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 $140 $25,000 $25,000 $0
2023 $39 $4,500 $4,500 $0
2022 $39 $4,500 $4,500 $0
2021 $39 $4,500 $4,500 $0
2020 $39 $4,500 $4,500 $0
2019 $39 $4,500 $4,500 $0
2018 $39 $4,500 $4,500 $0
2017 $43 $4,500 $4,500 $0
2016 $45 $4,500 $4,500 $0
2015 $45 $4,500 $4,500 $0
2014 $42 $4,500 $4,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10015228

Doorify MLS

APN: 023860