NOT LISTED FOR SALE

116 Old Trace Rd Unit 64 Madison, MS 39110

Estimated Value: $1,287,673

0.25 Acre
$5,150,692 Price per Acre
10,890 Sq Ft Lot

Last Sold April 29, 2020

Current estimated payment $7,422/month

537 Days on Market

Highlights

  • Water Views
  • Madison Avenue Upper Elementary School Rated A
  • Reservoir Front

About This Lot

As of April 2020

REDUCED $10K BELOW APPRAISAL!!! Don't miss out on one of the last waterfront lots in Phase 1 of The Town of Lost Rabbit. Over one hundred feet of protected, treed, green space in front of the lot ensures an unblocked and peaceful view of the Reservoir. Watch beautiful sunrises and moon rises from your front porch in this unmatched Traditional Neighborhood Development (TND). TND's emphasize walking spaces, neighborhood parks, and live-work environments. Lost Rabbit is only 3 miles from Highway 51 in the heart of Madison, and only 5 miles from I-55 yet away from the traffic noise of other urban developments. Purchase includes property survey, soil engineering study, and pre-approved plans for a 3,800 sq ft custom home designed by award-winning architects.

Last Agent to Sell the Property

Ashley Roper

Front Gate Realty LLC License #S44942 Listed on: 10/14/2019

Last Buyer's Agent

Chris Bond

Nix-Tann & Associates, Inc. License #18276

Nix-Tann & Associates, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,019

Lot Details

  • 0.25 Acre Lot
  • Reservoir Front

HOA Fees

  • $83 Monthly HOA Fees

Property Views

  • Water Views

Schools

  • Madison Avenue Elementary School
  • Madison Middle School
  • Madison Central High School

Community Details

  • Association fees include ground maintenance, management, pool service
  • Lost Rabbit Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$7,019

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Lot Size: 100.17x112.31x102.66 (30.9,42.63,29.13) x101.56
  • Property Sub Type: Single Family Residence Lot
  • Prop. Type: Land
  • Road Frontage Type: Other
  • Road Surface Type: Paved
  • Lot Size Acres: 0.25
  • Subdivision Name: Lost Rabbit
  • Directions: Hoy Road to Lost Rabbit. Stay on main road. Last street on right is Old Trace Road. Lot is on right between existing houses.
  • Special Features: None

Exterior Features

  • Fencing: None
  • Lot Features: Views
  • Other Structures: None
  • Waterfront Features: Reservoir, View
  • WaterfrontFeaturesWaterfront: Yes
  • Waterfront: Yes
  • Waterfront Features:View: Yes
  • Lot Features:Views: Yes
  • Waterfront Features:Reservoir: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 500.0
  • Association Fee Frequency: Semi-Annually
  • Association: Yes

Association/Amenities

  • Tax and Financial Information:Association: Yes
  • Association Fee Includes:Maintenance Grounds: Yes
  • Association Fee Includes:Management: Yes
  • Tax and Financial Information:Association Fee: 500.0
  • Tax and Financial Information:Association Fee Frequency: Semi-Annually
  • Association Fee Includes:Pool Service: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Management, Pool Service

Schools

  • Elementary School: Madison Avenue
  • High School: Madison Central
  • Middle Or Junior School: Madison

Lot Info

  • Current Use: None
  • Parcel #: .
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2009
Sold by
Mississippi Home Builders Llc
Bought by
State Bank & Trust Company
Current Estimated Value
$1,287,673
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 Buyer Sale Price Title Company
State Bank & Trust Company $138,750 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2020 04/29/20 Sold -- -- --
04/06/2020 04/06/20 Pending -- -- --
10/16/2018 10/16/18 For Sale $174,000 -- --
Source: MLS United

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 $7,019 $78,974 $0 $0
2023 $2,085 $22,500 $0 $0
2022 $2,085 $22,500 $0 $0
2021 $2,085 $22,500 $0 $0
2020 $2,085 $22,500 $0 $0
2019 $2,085 $22,500 $0 $0
2018 $2,085 $22,500 $0 $0
2017 $2,085 $22,500 $0 $0
2016 $2,071 $22,350 $0 $0
2015 $2,071 $22,350 $0 $0
2014 $2,071 $22,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Ashley Roper

    Front Gate Realty LLC

    Section Image

  • C

    Buyer's Agent in 2020

    Chris Bond

    Nix-Tann & Associates, Inc.

    (601) 672-7582

    18 Total Sales

    Chris Bond
    Section Image
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Map

Source: MLS United

MLS Number: 1313903

MLS United

APN: 072F-14A-006-00-00

Mississippi Madison County Madison 39110

116 Old Trace Rd Unit 64, Madison, MS

This home is located at 116 Old Trace Rd Unit 64, Madison, MS 39110 since 14 October 2019 and is currently estimated at $1,287,673. 116 Old Trace Rd Unit 64 is a home located in Madison County with nearby schools including Madison Avenue Upper Elementary School, Madison Avenue Elementary, and Madison Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS United Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.

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