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    127 Cherokee Dr Louisburg, NC 27549

    Sponsored
    For Sale
    Contact for pricing

    LAND - Louisburg, NC

    Lot size:
    0.34 Acres
    Days on Market:
    131
    Last Refresh:
    Jan 8 at 3:06 pm

    Property Features for 127 Cherokee Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Vegetation
    Wooded
    Zoning
    Residential
    APN
    021037
    Lot size
    0.34 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Needed, Perc Test On File
    Water source
    Public

    Folks Properties (803) 235-1375 [email protected]

    Listing agent Rhonda Folks (803) 235-1375

    Listing date Aug 31, 2025

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Royale Vacant Lot

    This 0.34-acre vacant lot is located in the Lake Royale gated community and is suited for building a home. A soil evaluation has been completed, with a 3-bedroom perc test completed in January 2022. Lake Royale offers access to a 345-acre private lake and amenities including boating, fishing, swimming, sandy beaches, a pool, tennis and pickleball courts, volleyball, putt-putt golf, and an outdoor gym. Each property includes two free memberships at The River 18-hole Golf Course. The community is located minutes from Wake Forest, Franklinton, Knightdale, Rocky Mount, and Raleigh, and a short drive to the NC coast, NC Zoo, and Blue Ridge Mountains.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Department Store Garden Center Discount Store Daycare Center Assisted Living Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisburg
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.206639
    Latitude
    35.976361

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    FAQs

    What type of property is this?
    Residential land & home lot - 0.34-acre lot in Lake Royale gated community with amenities.
    Where is this residential land & home lot located?
    The property is located at 127 Cherokee Dr Louisburg, NC.
    What is the asking price?
    The asking price for this property is $28,000.
    What are key features of this property?
    This property features: - Access to Lake Royale's 345-acre private lake for boating, fishing, swimming, and sandy beaches.; - Includes two free memberships to The River 18-hole Golf Course.; - Perc test for a 3-bedroom home completed (1/2022), allowing for quick building start.
    (803) 235-1375
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    127 Cherokee Dr Louisburg, NC 27549
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    Louisburg, NC 27549
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    127 Cherokee Dr Louisburg, NC 27549
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