Date
Details
Price
Change
Source
3/05/2026
Listed
$42,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
No photo available
$42,000 Sale Pending
Property Description
Located on a corner lot inside the gated community of Lake Royale in Louisburg, this .36-acre property offers a great opportunity to enjoy both privacy and access to a variety of neighborhood amenities. With septic already on site and water connected, the lot is ready for flexible use while providing added convenience. A wired storage building offers functional space for tools, hobbies, or workshop needs, making it easy to store equipment or create a dedicated project area. As part of the Lake Royale community, residents enjoy access to a wide range of recreational amenities including basketball courts, tennis courts, a volleyball court, beach access along the lake, park areas, and a community laundry center, creating an environment designed for both relaxation and outdoor activity. The corner lot setting provides additional openness and visibility while still maintaining the security and sense of community that comes with gated living in Lake Royale.
Full Property Details
Full Property Details for 121 Mustang Dr
General
- Price: $42,000
- HOA FEE: $99/month
- HOA FEE FREQ.: Annually
- Taxes: $241 (2025)
- Status: Pending
- Type: Land Residential
- Source: 2253
- MLS ID: 100558381
- Updated: 5/13/2026
- Added to Site: 70 day(s) ago
Additional Information
- Shared Amenities: Waterfront Community, Basketball Court, Clubhouse, Coin Laundry, Gated, Golf Course, Laundry, Maintenance Common Areas, Park, Picnic Area, Playground, Racquetball, Shuffleboard Court, Trail(s), Pool
Location
- County: Franklin
- Subdivision: Lake Royale
- Driving Directions: Take Sledge Rd to Cheyenne Dr. Turn onto Cheyenne Dr. Turn left onto Shawnee Dr. Turn right onto Eagle Dr. Turn left onto Blackhawk Dr. Turn left onto Mustang Dr. Property on the left.
School Information
- Elementary School: Edward Best
- Middle School: Bunn
- High School: Bunn
Community
- Association: Yes
- Assoc. Name: Lake Royale Property Owners Association
Utilities
- Sewer: Septic Tank
- Water: Community Water
- Utility Description: Water Connected
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.36
- Lot Size (Sq. Ft.): 15,682
- Frontage: Paved, Paved
- Topography: Cleared/Partial
- Lot Features: Corner Lot
- Zoning: FCO R-30
Financial Considerations
- For Sale: Yes
- Price Per Acre: $116,666.67
- Association Fee: $1,193
- Assoc Fee Freq.: Annually
- Assessment Amount: $23,140
- Tax Amount: $241.9
- Tax Year: 2025
- Terms: Cash
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: Camper On Lot
- Property ID: 22652
- Block: 17A
Listed by EXP Realty LLC - C, Jason Walters Real Estate Team and eXp Realty LLC, Jamie Smith
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Listing agents
— 121 Mustang Dr —
Jason Walters Real Estate Team
EXP Realty LLC - C
Jamie Smith
eXp Realty LLC
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 121 Mustang Dr
School District:Franklin County Schools
| Name | Grades | Distance |
|---|---|---|
Edward Best Elementary 4011 North Carolina 56, Louisburg, NC 27549 | PK-5 | 7.5 mi |
Bunn Middle 4742 North Carolina 39, Bunn, NC 27508 | 6-8 | 3 mi |
Bunn High 29 Bunn Elementary School Road, Bunn, NC 27508 | 9-12 | 3.3 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 121 Mustang Dr
Tax History
Tax History for 121 Mustang Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$132
2%
$23,140
—
2024
$130
62%
$23,140
150%
2023
$80
—
$9,270
—
2022
$80
-56%
$9,270
—
2021
$181
-1%
$9,270
—
2020
$182
127%
$9,270
—
2019
$80
-1%
$9,270
—
2018
$81
-11%
$9,270
-2%
2017
$91
-3%
$9,500
—
2015
$94
6%
$9,500
—
2014
$89
—
$9,500
—
2013
$89
—
$9,500
—
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 121 Mustang Dr
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 4Total Baths
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121 Mustang Drive, Louisburg, NC 27549 (MLS# 100558381) is a Land Residential property with a lot size of 0.36 acres. 121 Mustang Drive is currently listed for $42,000 and was received on March 05, 2026. Want to learn more about 121 Mustang Drive? Do you have questions about finding other Land Residential real estate for sale in Louisburg? You can browse all Louisburg real estate or contact a Coldwell Banker agent to request more information.