MOTIVATED SELLERS!! MUST SEE! WATERFRONT. PRICE IMPROVEMENT!!! Welcome to 106 Palomino Cove in the desirable Lake Royale community! This spacious 3-bedroom, 2.5 bath home features a finished walk-out basement, perfect for entertaining or relaxing. Enjoy breathtaking lake views from the large deck or step down to the water's edge for some peace and quiet. Located in a beautiful, gated neighborhood with tones of amenities, this home offers a perfect blend of comfort, charm, and outdoor living. Seller is motivated -- don't is your chance to own waterfront property at an incredible value!
Sold for $540,000
$540,000
106 Palomino Cv, Louisburg, NC 27549
3beds
2,529sqft
Single Family Residence, Residential
Built in 1975
0.47 Acres Lot
$530,400 Zestimate®
$214/sqft
$2,123 Estimated rent
Home value
$530,400
$461,000 - $610,000
$2,123/mo
Zestimate® history
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$4,408/mo
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List your homeWhat's special
Finished walk-out basementBreathtaking lake viewsLarge deck
Zillow last checked:
Listing updated:
Listed by:
Rhonda Folks 803-235-1375,
Century 21 Folks Properties
Bought with:
Ginger Lynn, 213895
Allen Tate/Raleigh-Falls Neuse
Source: Doorify MLS,MLS#: 10092854
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Electric Range, Refrigerator
- Laundry: In Basement
Features
- Flooring: Carpet, Vinyl
- Basement: Finished, Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Basement, Gas Log, Living Room, Propane
Interior area
- Total structure area: 2,529
- Total interior livable area: 2,529 sqft
- Finished area above ground: 1,518
- Finished area below ground: 1,011
Property
Parking
- Total spaces: 4
- Parking features: Garage Door Opener, Workshop in Garage
- Attached garage spaces: 2
- Uncovered spaces: 3
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Front Porch, Patio
- Exterior features: Boat Slip, Fire Pit
- Pool features: Community
- Spa features: None
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront
- Body of water: Lake Royale
Lot
- Size: 0.47 Acres
Details
- Additional structures: None
- Parcel number: 2831521930
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Wood Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1975
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Not Available, Phone Available, Septic Connected, Sewer Not Available, Propane
Community & HOA
Community
- Features: Clubhouse, Fishing, Fitness Center, Gated, Golf, Lake, Playground, Pool, Restaurant, Tennis Court(s)
- Subdivision: Lake Royale
HOA
- Has HOA: Yes
- Amenities included: Basketball Court, Beach Rights, Clubhouse, Fitness Center, Gated, Golf Course, Picnic Area, Playground, Pool, Shuffleboard Court, Tennis Court(s), Water
- Services included: Road Maintenance, Security
- HOA fee: $1,193 annually
Location
- Region: Louisburg
Financial & listing details
- Price per square foot: $214/sqft
- Tax assessed value: $487,300
- Annual tax amount: $2,838
- Date on market: 4/30/2025
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2025 | Sold | $540,000-1.8%$214/sqft |
Source:  Doorify MLS #10092854 Report a problem | ||
| 8/6/2025 | Pending sale | $550,000$217/sqft |
Source: Doorify MLS #10092854 Report a problem | ||
| 7/23/2025 | Price change | $550,000-8.3%$217/sqft |
Source: Doorify MLS #10092854 Report a problem | ||
| 6/6/2025 | Price change | $599,900-2.6%$237/sqft |
Source: Doorify MLS #10092854 Report a problem | ||
| 4/30/2025 | Listed for sale | $616,000+95.6%$244/sqft |
Source: Doorify MLS #10092854 Report a problem | ||
| 1/14/2021 | Sold | $315,000-3.1%$125/sqft |
Source: Doorify MLS #2346864 Report a problem | ||
| 11/30/2020 | Contingent | $325,000$129/sqft |
Source: Doorify MLS #2346864 Report a problem | ||
| 11/29/2020 | Pending sale | $325,000$129/sqft |
Source: Allen Tate/Wake Forest #2346864 Report a problem | ||
| 10/6/2020 | Listed for sale | $325,000+90.6%$129/sqft |
Source: Allen Tate/Wake Forest #2346864 Report a problem | ||
| 2/28/2011 | Sold | $170,500$67/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,888 +1.7% | $487,300 |
| 2024 | $2,839 +22.9% | $487,300 +90.5% |
| 2023 | $2,310 +0.4% | $255,850 |
| 2022 | $2,300 -1.1% | -- |
| 2021 | $2,326 -1.1% | -- |
| 2020 | $2,351 +1.4% | -- |
| 2019 | $2,318 +35.3% | $255,850 |
| 2018 | $1,713 | $255,850 +54.7% |
| 2017 | $1,713 | $165,370 |
| 2016 | $1,713 | $165,370 |
| 2015 | $1,713 +6.4% | $165,370 |
| 2014 | $1,609 | $165,370 |
| 2013 | -- | $165,370 |
| 2012 | -- | $165,370 +1.6% |
| 2011 | -- | $162,745 |
| 2010 | -- | $162,745 |
| 2009 | -- | $162,745 |
| 2008 | -- | $162,745 |
Find assessor info on the county website
Neighborhood: 27549
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Nearby schools
GreatSchools rating
- 6/10Edward Best ElementaryGrades: PK-5Distance: 8.1 mi
- 3/10Bunn MiddleGrades: 6-8Distance: 3.3 mi
- 4/10Bunn HighGrades: 9-12Distance: 3.2 mi
Schools provided by the listing agent
- Elementary: Franklin - Ed Best
- Middle: Franklin - Bunn
- High: Franklin - Bunn
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$530,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$530,400
- North Carolina
- Franklin County
- Louisburg
- 27549
- 106 Palomino Cv
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