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Property profile & analytics
OFF-MARKET
Commercial real estate

117 Sovereign Ln Fairview, NC 28730

1.06 ac lot
Property ID
US53-0659828
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 Commercial real estate
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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