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$59,900
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Property Description
DISCOVER THE PERFECT CANVAS for Your Dream Home on this Level Double Lot in the Exclusive, Gated Community of Lake Royale! Nestled Along a 345-Acre Lake, this Prime Parcel Offers Access to an 18-Hole Golf Course, Beach, Boat Launch, Mini Golf, and a Charming Pavillion! An Active Five Bedroom Septic Permit Is Already in Place, Giving You Confidence for Future Development! You Can Bring Your Own Builder or Choose From Our Trusted, Experienced Partners--Whether You're Ready to Build Now or Later! Plus, the Purchase Includes Two Golf Memberships To The River Golf Course, Ensuring You'll Enjoy Every Moment of Lake Royale's Resort-Style Living! Don't Miss this Rare Opportunity!
Full Property Details
Full Property Details for 120 Chanute Cir
General
- Price: $59,900
- Taxes: $323
- Status: Active
- Type: Lots/Land
- Source: 2218
- MLS ID: 10164480
- Updated: 5/2/2026
- Added to Site: 13 day(s) ago
Additional Information
- Shared Amenities: Basketball Court, Beach Access, Boating, Clubhouse, Gated, Golf Course, Park, Picnic Area, Playground, Pool, Recreation Facilities, Security, Shuffleboard Court, Tennis Court(s), Trail(s)
- Pool: Yes
Location
- County: Franklin
- Subdivision: Lake Royale
- Driving Directions: From Raleigh 401 N to 98E to Bunn; straight across to E. Jewett Ave to stop; R on sledge to lake entrance on L; show agent ID at gate; R onto Shawnee to R on Sagamore to R on Sequoia to R on Chanute; Property on R.
School Information
- Elementary School: Franklin - Ed Best
- Middle School: Franklin - Bunn
- High School: Franklin - Bunn
Community
- Association: Yes
- Assoc. Fees Include: Road Maintenance, Security, Storm Water Maintenance
Utilities
- Sewer: Septic Needed, Perc Test On File
- Water: Public
- Utility Description: Electricity Available, Septic Available, Water Available
Structural Information
- Current Bldg. Use: Single Family
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 0.69
- Lot Size (Sq. Ft.): 30,056.4
- Lot Dimensions: 150 x 200
- Frontage: Private Road
- Street/Road Desc.: Paved
- Lot Features: Hardwood Trees, Interior Lot, Wooded
- Best Use: Single Family
- Zoning: FCO R-30
Financial Considerations
- Price Per Acre: $86,811.59
- Tax Amount: $323.76
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 20404
- Lot Number: 2423-24
Listed by Allen Tate/ Lake Royale, Susan Boblett (919) 727-0024
Get Pre-Approved Today
Schools
Schools serving 120 Chanute Cir
School District:Franklin County Schools
| Name | Grades | Distance |
|---|---|---|
Edward Best Elementary 4011 North Carolina 56, Louisburg, NC 27549 | PK-5 | 8.6 mi |
Bunn Middle 4742 North Carolina 39, Bunn, NC 27508 | 6-8 | 4.4 mi |
Bunn High 29 Bunn Elementary School Road, Bunn, NC 27508 | 9-12 | 3.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 120 Chanute Cir
Date
Details
Price
Change
Source
5/01/2026
Listed
$59,900
299.33%
MLS
2/12/2010
Sold
$15,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 120 Chanute Cir
Year
Property Taxes
Change
Tax Assessment
Change
2025
$214
2%
$37,500
—
2024
$210
223%
$37,500
396%
2023
$65
—
$7,560
—
2022
$65
-2%
$7,560
—
2021
$66
-1%
$7,560
—
2020
$67
2%
$7,560
—
2019
$66
—
$7,560
—
2018
$66
2%
$7,560
12%
2017
$65
-3%
$6,750
—
2015
$67
6%
$6,750
—
2014
$63
—
$6,750
—
2013
$63
—
$6,750
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 120 Chanute Cir
120 Chanute Circle, Louisburg, NC 27549 (MLS# 10164480) is a Lots/Land property with a lot size of 0.69 acres. 120 Chanute Circle is currently listed for $59,900 and was received on May 01, 2026. Want to learn more about 120 Chanute Circle? Do you have questions about finding other Lots/Land real estate for sale in Louisburg? You can browse all Louisburg real estate or contact a Coldwell Banker agent to request more information.

