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$42,000

  • Sold
  • Closed
  • Residential Lots
  • 0.36 Acres
  • Updated 11 days ago
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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 for 121 Mustang Dr

General

  • Sold For: $42,000
  • HOA FEE: $99/month
  • HOA FEE FREQ.: Annually
  • Taxes: $241 (2025)
  • Status: Closed
  • Type: Residential Lots
  • Source: 2253
  • MLS ID: 100558381
  • Added to Site: 178 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
Sold by A Non Member, A Non Member

Listing agents

— 121 Mustang Dr —

  • Jason Walters Real Estate Team

    EXP Realty LLC - C

  • Jamie Smith

    eXp Realty LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 121 Mustang Dr

School District:Franklin County Schools
NameGradesDistance
Edward Best Elementary
4011 North Carolina 56, Louisburg, NC 27549
PK-57.5 mi
Bunn Middle
4742 North Carolina 39, Bunn, NC 27508
6-83 mi
Bunn High
29 Bunn Elementary School Road, Bunn, NC 27508
9-123.3 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

Date
Details
Price
Change
Source
8/17/2026
Sold
$42,000
—
MLS
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.

Listed by EXP Realty LLC - C, Jason Walters Real Estate Team and eXp Realty LLC, Jamie Smith
Sold by A Non Member, A Non Member

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Recent Sales near 121 Mustang Dr

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121 Mustang Drive, Louisburg, NC 27549 (MLS# 100558381) is a Residential Lots property that was sold at $42,000 on August 17, 2026. Want to learn more about 121 Mustang Drive? Do you have questions about finding other Residential Lots real estate for sale in Louisburg? You can browse all Louisburg real estate or contact a Coldwell Banker agent to request more information.