$189,900
$10K PRICE DROP

108 Horseman Dr Louisburg, NC 27549

Estimated payment $1,235/month

Total Views 5,030
3 Beds
2 Baths
1,616 Sq Ft
$118 Price per Sq Ft

Highlights

  • Boating
  • Wooded Lot
  • Cottage
  • Clubhouse
  • Main Floor Primary Bedroom
  • Home Office

About This Home

Enjoy your very own private home in Lake Royale. Inside features a downstairs bedroom and bath plus two more rooms upstairs with
bathroom. Deck off the rear for nice quiet views of the wooded back yard. Short walk to the lake. Lake Royale is a private gated subdivision but just a short drive to Raleigh and surrounding area. This is a rare find in this price range. Call Today!!!

Listing Agent

Carl Pike

Triangle North Realty License #183963 Listed on: 07/17/2025

Co-Listing Agent

Robert Vannucchi

Homegenius Real Estate LLC License #323363

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,502

Year Built

  • Built in 1987

Lot Details

  • 0.34 Acre Lot
  • Wooded Lot

HOA Fees

  • $99 Monthly HOA Fees

Home Design

  • Cottage
  • Shingle Roof
  • Wood Siding
  • Masonite

Interior Spaces

  • 1,616 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Home Office
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 023692

Community Details

Overview

  • $50 One-Time Secondary Association Fee
  • Association fees include ground maintenance
  • Lake Royale Poa, Phone Number (252) 478-4121
  • Lake Royale Subdivision

Amenities

  • Clubhouse

Recreation

  • Boating

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,502

Year Built

Built in 1987

Lot Details

0

HOA Fees

$99 per month

Listing Details

  • Year Built: 1987
  • Prop. Type: Residential
  • Reso Association Fee Includes: Maintenance Grounds
  • Co List Office Mls Id: 71806
  • Co List Office Phone: 801-483-4394
  • Subdivision Name: Lake Royale
  • Above Grade Finished Sq Ft: 1616.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Association Fee 2 Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Room Types Bedroom 2 Level: Second
  • Room Types Bedroom 3 Level: Second
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: Main
  • Flooring Vinyl: Yes
  • Room Types Living Room2: Yes
  • General Property Information Association Phone: 252-478-4121
  • General Property Information Senior Community YN: No
  • Levels One and One Half: Yes
  • General Property Information Association Name 2: Lake Royale POA
  • Architectural Style Cottage: Yes
  • General Property Information Enhanced Accessible2: No
  • Special Listing Conditions Real Estate Owned: Yes
  • Roof:Shingle: Yes
  • General Property Information Above Grade Finished Area: 1616.0
  • Association Amenities Boating: Yes
  • General Property Information Lot Size Square Feet2: 14810.0
  • General Property Information Lot Size Acres: 0.34
  • General Property Information Stories2: 2
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Flooring: Vinyl
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Total Bedrooms: 6
  • Stories: 2
  • Fireplace Features:Living Room: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Roof: Shingle
  • Acres: 0.34
  • Construction Type: Masonite, Wood Siding
  • Foundation Details: See Remarks
  • Lot Features:Wooded: Yes
  • Construction Materials:Masonite: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • Open Parking: No
  • General Property Information:Open Parking YN2: No

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee: 50.0
  • Association #2 Fee Frequency: One Time
  • Association Fee: 1192.8
  • Association Fee Frequency: Annually
  • Association: Lake Royale POA
  • Association Name: Lake Royale POA
  • Phone: 252-478-4121
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Lake Royale POA
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Amenities:Clubhouse: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 1192.8
  • General Property Information:Association Fee Frequency: Annually
  • General Property Information:Association Fee 2: 50.0
  • General Property Information:Association Fee 2 Frequency: One Time

Schools

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

Lot Info

  • Lot Size Sq Ft: 14810.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 023692

Tax Info

  • Tax Annual Amount: 1501.77
  • Tax Year: 2024
  • Tax Map Number: 1577

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

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 $1,502 $248,530 $45,000 $203,530
2023 $1,266 $134,410 $13,440 $120,970
2022 $1,091 $115,270 $13,440 $101,830
2021 $1,103 $115,270 $13,440 $101,830
2020 $1,109 $115,270 $13,440 $101,830
2019 $1,089 $115,270 $13,440 $101,830
2018 $1,086 $115,270 $13,440 $101,830
2017 $973 $93,260 $12,000 $81,260
2016 $1,006 $93,260 $12,000 $81,260
2015 $1,006 $93,260 $12,000 $81,260
2014 $932 $93,260 $12,000 $81,260
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2025 08/17/25 Price Changed $189,900 -5.0% $118 / Sq Ft
07/17/2025 07/17/25 For Sale $199,900 0.0% $124 / Sq Ft
07/01/2025 07/01/25 Pending -- -- --
05/02/2025 05/02/25 For Sale $199,900 -11.2% $124 / Sq Ft
12/14/2023 12/14/23 Off Market $225,000 -- --
07/12/2022 07/12/22 Sold $225,000 0.0% $142 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/24/2022 05/24/22 For Sale $225,000 -- $142 / Sq Ft
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Trustee Deed $210,000 None Listed On Document
Warranty Deed $225,000 Twomey Richard J
Warranty Deed $225,000 Twomey Richard J
Deed $40,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $218,250 New Conventional
Previous Owner $2,806 FHA
Previous Owner $108,109 FHA
Source: Public Records

Source: Doorify MLS

MLS Number: 10093663

Doorify MLS

APN: 023692