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$28,000

  • For Sale
  • Active
  • Lots/Land
  • 0.34 Acres
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BUILDERS & BUYERS -- Come and see this vacant lot at beautiful Lake Royale Gated Community, this .34-acre lot is the ideal site for your next home project. With the soil evaluation already complete (3 bedroom perc test completed 1/2022), builders can break ground quickly and buyers can move forward with confidence knowing their dream home is within reach. Lake Royale is more than just a neighborhood-it's a lifestyle. Enjoy 345 acres of private lake access and an unmatched list of amenities with boating, fishing, swimming, sandy beaches, pool, tennis & pickleball courts, volleyball, putt-putt golf, an outdoor gym, and more. Plus, every property includes two free memberships at The River 18-hole Golf Course. Conveniently located just minutes from Wake Forest, Franklinton, Knightdale, Rocky Mount and Raleigh -and only a short drive to the NC coast, NC Zoo, or Blue Ridge Mountains-this community offers both investment potential and everyday convenience. Buyers--bring your dream home plans--this lot is waiting for you!

Full Property Details for 127 Cherokee Dr

General

  • Price: $28,000
  • HOA FEE: $99/month
  • HOA FEE FREQ.: Annually
  • Taxes: $250
  • Status: Active
  • Type: Lots/Land
  • Source: 2218
  • MLS ID: 10119003
  • Updated: 8/31/2025
  • Added to Site: 141 day(s) ago

Additional Information

  • Shared Amenities: Basketball Court, Beach Access, Beach Rights, Clubhouse, Coin Laundry, Gated, Golf Course, Playground, Shuffleboard Court, Tennis Court(s)
  • Pool: Yes

Location

  • County: Franklin
  • Subdivision: Lake Royale
  • Driving Directions: Directions: From RAL to 401N to 98E to Bunn. Straight in Bunn to Sledge Rd. Right on Sledge. Left in Lake Royale. Go to Gatehouse. Show ID .Straight to Shawnee Dr. Left on Shawnee. Right on Cherokee. Property is on the left.

School Information

  • Elementary School: Franklin - Ed Best
  • Middle School: Franklin - Bunn
  • High School: Franklin - Bunn

Community

  • Association: Yes
  • Assoc. Fees Include: Road Maintenance

Utilities

  • Sewer: Septic Needed, Perc Test On File
  • Water: Public
  • Utility Description: Cable Available, Electricity Available, Natural Gas Not Available, Phone Available, Septic Available, Water Available

Structural Information

  • Current Bldg. Use: Unimproved, Vacant

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.34
  • Lot Size (Sq. Ft.): 14,810.4
  • Lot Dimensions: 75 x 200
  • Frontage: Private Road, 2 Lane Road
  • Street/Road Desc.: Paved
  • Fence: Yes
  • Lot Features: Rectangular Lot
  • Best Use: Residential
  • Zoning: Residential
  • Fencing (Description): None

Financial Considerations

  • Price Per Acre: $82,352.94
  • Association Fee: $1,193
  • Assoc Fee Freq.: Annually
  • Tax Amount: $250

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 21037
  • Lot Number: 1013

Listed by Century 21 Folks Properties, Rhonda Folks (803) 235-1375 and Century 21 Folks Properties, Malorie Ingold (919) 398-2442

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Listing agents

— 127 Cherokee Dr —

  • Rhonda Folks

    Century 21 Folks Properties

  • Malorie Ingold

    Century 21 Folks Properties

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 127 Cherokee Dr

School District:Franklin County Schools
NameGradesDistance
Edward Best Elementary
4011 North Carolina 56, Louisburg, NC 27549
PK-58.4 mi
Bunn Middle
4742 North Carolina 39, Bunn, NC 27508
6-83.2 mi
Bunn High
29 Bunn Elementary School Road, Bunn, NC 27508
9-122.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 127 Cherokee Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/30/2025
Listed
$28,000
229.41%
MLS
2/01/2022
Sold
$8,500
—
Public Record
Get Price Alerts and Save Property
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 for 127 Cherokee Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$142
1%
$25,000
—
2024
$140
226%
$25,000
396%
2023
$43
—
$5,040
—
2022
$43
-2%
$5,040
—
2021
$44
—
$5,040
—
2020
$44
—
$5,040
—
2019
$44
—
$5,040
—
2018
$44
2%
$5,040
12%
2017
$43
-4%
$4,500
—
2015
$45
7%
$4,500
—
2014
$42
—
$4,500
—
View All
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 for 127 Cherokee Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Century 21 Folks Properties, Rhonda Folks (803) 235-1375 and Century 21 Folks Properties, Malorie Ingold (919) 398-2442

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127 Cherokee Drive, Louisburg, NC 27549 (MLS# 10119003) is a Lots/Land property with a lot size of 0.34 acres. 127 Cherokee Drive is currently listed for $28,000 and was received on August 30, 2025. Want to learn more about 127 Cherokee Drive? 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.

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