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    117 Sovereign Ln Fairview, NC 28730

    Sponsored
    For Sale
    $45,000

    Build Your Dream Home in Monarch Estates

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.06-acre lot is nestled within the prestigious, gated Monarch Estates community in Fairview, North Carolina. Located at 117 Sovereign Ln, zip code 28730, this property offers a tranquil escape just 25 minutes from Asheville. The scenic drive into the community showcases the area's natural beauty, passing equestrian and agricultural properties. Monarch Estates boasts underground utilities, a charming gazebo situated alongside a stream, and a playground for children, creating a welcoming atmosphere for families. The lot itself is beautifully wooded, presenting the opportunity to create stunning year-round views with selective clearing. Its topography is ideal for a walk-out basement design, maximizing usable space and enhancing the home's aesthetic appeal. The property is zoned for residential use and is priced at $45,000. Enjoy the peace and quiet of this private community while remaining conveniently close to Asheville's amenities. Don't miss this chance to build your dream home in this idyllic setting. This is a rare opportunity to own a piece of this desirable community.

    Property Features for 117 Sovereign Ln

    General Information

    Property type
    Land
    Lot Size
    46,174 SF

    HighLights

    • $45,000 asking price for 1.06 acres of residential land.
    • Located in the private, gated Monarch Estates community in Fairview, NC.
    • 25 minutes from Asheville, with mountain views and farmland.
    • Utilities are underground; lot is wooded with potential for year‑round views.
    • Suitable for a walk‑out basement home design.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Spa & Massage Wholesale Shop Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairview
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.403876
    Latitude
    35.47868

    Nearby Comparable

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    Nearby Similar for Sale

    • $1,000,000
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      Fairview Land with Historic Cabin

      9.14-acre horse and nature lover's paradise near Asheville.
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      Two Homes for One Price

      Two homes on one property, live in one, rent other.
      1211 Upper Brush Creek Rd, Fairview, NC 28730
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    • $1,699,000
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      Fairview Mobile Home Park

      Well-maintained 16-unit mobile home park near Asheville.
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    • $850,000
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      Equestrian Property in Cane Creek

      9.09-acre equestrian property with 6-stall barn in Cane Creek Valley.
      80 Sharon Rd, Fairview, NC 28730
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    • $349,000
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      Fairview Retail Building - Hwy 1207

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    FAQs

    What type of property is this?
    Land - Build Your Dream Home in Monarch Estates
    Where is this land located?
    The property is located at 117 Sovereign Ln Fairview, NC.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: $45,000 asking price for 1.06 acres of residential land.; Located in the private, gated Monarch Estates community in Fairview, NC.; 25 minutes from Asheville, with mountain views and farmland.
    Request Owner's contact information
    117 Sovereign Ln Fairview, NC 28730
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    Fairview, NC 28730
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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
    117 Sovereign Ln Fairview, NC 28730
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