NOT LISTED FOR SALE

545 Sagamore Dr Louisburg, NC 27549

Estimated Value: $486,000 - $557,000

3 Beds
2.5 Baths
1,551 Sq Ft
$327/Sq Ft Est. Value

Last Sold December 16, 2024

Last sale price $490,000 $316 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,066/month

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 Listed on: 01/10/2024

Allen Tate/ Lake Royale

Co-Listed By

Barry Wilkins

Allen Tate/ Lake Royale License #295838

Last Buyer's Agent

Dan Gunther

Allen Tate/Wake Forest

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
  • General Property Information Waterfront YN: Yes
  • 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

Tax Info

  • Tax Annual Amount: 2292.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Franklin - Ed Best

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2024
Closed on
Dec 16, 2024
Sold by
Assell James and Assell Wilhelmina
Bought by
Furlough Kathleen Seely and Furlough Craig Dean
Seller's Agent
Dan Gunther
Allen Tate/ Lake Royale
Buyer's Agent
Dan Gunther
Allen Tate/ Lake Royale
List Price
$525,000
Sold Price
$490,000
Premium/Discount to List
-$35,000
-6.67%
Views
848
Current Estimated Value
$507,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,161
Avg. Annual Appreciation
5.04%
Original Mortgage
$240,000
Outstanding Balance
$238,520
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$268,641

Purchase Details

Closed on
Sep 13, 2001
Bought by
Assell James and Assell Wilhelmina
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
Furlough Kathleen Seely $490,000 None Listed On Document
Assell James $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Furlough Kathleen Seely $240,000
Previous Owner Assell James $364,500
Previous Owner Assell James $139,500
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 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 $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

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10005408

Doorify MLS

APN: 022258