10
Map
$24,900
↓ $5K (17%)
●
Land -
For Sale
108 Rustler Road
Louisburg, NC 27549
Studio
0 Bath
$144
Est. Monthly
About This Property
Build your dream home on this peaceful 0.63-acre wooded lot in the
sought-after Lake Royale community, just steps from The River Golf
Club. Tucked away on a quiet cul-de-sac street, this gently sloped
homesite offers privacy and natural beauty while keeping you close
to everything Lake Royale has to offer. As a Lake Royale property
owner, enjoy exclusive access to a full slate of community
amenities: sandy beaches, a swimming pool, tennis courts,
shuffleboard, putt-putt golf, and a welcoming clubhouse - plus, of
course, the lake itself. Public water, electricity, phone, and
cable are already available at the street, and the lot is served by
a private paved road. Whether you're planning a full-time residence
or a weekend retreat, this is a rare chance to build in one of the
area's most amenity-rich lake communities.
Unit Size
-
Days on Market
66 days
Land Size
0.64 acres
Price per sqft
-
Property Type
Land
Property Taxes
$21
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (TMLS #10187885)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2026 | Price Decreased |
$24,900
↓ $5K
(17%) | |
| Price Decreased | |||
| Aug 21, 2026 | Listed by Compass -- Raleigh | $30,000 | |
| Listed by Compass -- Raleigh | |||
| Jul 9, 2021 | Sold | ||
| Sold | |||
| Apr 15, 2021 | Listed by Century 21 Folks Properties | $8,500 | |
| Listed by Century 21 Folks Properties | |||
| | |||
|
MOTIVATED SELLER -- Almost 3/4 acre lot at The River Golf Course. Property on a dead end street. Playground located at the end of the cul-de-sac. Monthly newspaper will keep you up to date on everything going on. Full 18 hole golf course on site combined the amenities of Lake Royale across the street has lots of things to do such as Beaches, Boat Ramps, Basketball court, Tennis court, Volleyball court, Putt Putt Golf, Bingo, Game night, Steak Night. Come and consult with our builder or bring you own!!
| |||
| Sep 2, 2020 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Exterior Details
Lot Size Area: 0.64
Lot Size Units: Acres
Lot Size Acres: 0.64
Lot Size Square Feet: 27878
Lot Size Dimensions: 109x109x225x109
Water Source: Public
Financial Details
Tax Map Number: 3318
Tax Assessed Value: $25,000
Tax Annual Amount: $253
Utilities Details
Sewer : Septic Needed
Location Details
HOA/Condo/Coop Amenities: Clubhouse, Park, Recreation Facilities
Condo/Coop Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
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Asking Price
Listed On
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Closing Price
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Sold On
HOA + Taxes
About Lake Royale
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Listed by: Brent Henson, Compass -- Raleigh
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10187885
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10187885
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