Property profile

117 Sovereign Ln Fairview, NC 28730

OFF-MARKET
Land
Property ID
US53-0659828
1.06 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 1.06 ac (46,174 SF)
UPID US53-0659828

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

117 Sovereign Ln Fairview, NC 28730
Fairview metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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