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145 Republic Street, 802, Madison, MS 39110

$599,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,636 Lot Size (sq. ft.): 10,890 Status: Closed
Current Price: $599,000 List Date: 2/01/2023 Last Modified: 8/11/2023

Description

Ready to live a relaxing life on the Water? This condominium is one of 6 new construction 2-bedroom/2-bathroom units under construction in The Town of Lost Rabbit Town Center adjacent to the marina, directly on the Reservoir. These condos are located on the 2nd and 3rd floors above the Lost Rabbit General Store. There are 3 floor plans per floor, each with varying square footages and designs- multiple options for everyone! Be a part of the first project in the State of Mississippi to use cross- laminated timber (CLT), a state-of-the-art, renewable, sustainable building material. CLT helps reduce the amount of atmospheric carbon that contributes to climate change, according to the Clemson University Wood Utilization + Design Institute, one of the nation's pioneers in mass timber research. Penthouse Unit 802 is on the second floor and features floor-to-ceiling water views from the master bedroom AND the living room. Amenities include professional-style appliances, Wolfe gas ranges, CLT exposed wood ceilings, tankless water heater, community pool, owners-only private rooftop terrace, expansive balconies, miles of multi-use trails, playgrounds and countless others. Now available for pre-sale with the ability to choose numerous finishes. Call your Realtor® today for more information or a tour! Taxes, leasehold, and HOA fees are estimated based on existing condos with homestead.

More Information MLS# 4034486

Address and Location Information

Street Number: 145 Street Name: Republic Street County: Madison State: MS Zip Code: 39110 Unit #: 802 Parcel Number: Unassigned Subdivision: Lost Rabbit Directions to Property: Enter lost rabbit via Hoy Rd. Take your first left on Water St and continue until you reach Port st- take right and then left on Republic St. Building will be on your right. Community Of: N/A

Listing Information

Status: Closed List Date: 2022-11-29 Projected Completion Date: 2023-02-21 List Price: $599,000 Current Price: $575,000 Property Sub Type: Condominium Listing Service: Full Service New Construction: Yes Property Condition: Under Construction Estimated Completion Date: 2023-02-21

Co-Op and Commission Information

Buyer Agency Compensation: 2.5 Buyer Agency Comp Type: %

General Property Information

Approx Lot Size Acres: 0.25 Approx H/C SqFt: 1636 SqFt Source: Plans List Price/SqFt: 366.14 Year Built: 2023 Year Built Source: Owner Total Floors: 1 Bedrooms Total: 2 Bathrooms Total: 2 Bathrooms Full: 2 Fireplace: No Pool: Yes School District: Madison CO Dist Elementary School: Madison Avenue Elementary School 2: N/A Intermediate School: N/A Middle or Junior School: Rosa Scott High School: Madison Central Home Warranty: No Accessibility Features: Yes Pets Allowed: Yes

Tax and Financial Information

Tax Annual Amount: 3000 Tax Year: 2022 Homestead Y/N: No Additional Exemptions Y/N: No Flood Insurance Required?: No Leasehold Y/N: Yes Leasehold Fee: 600 16th Section: No Leasehold Fee Increase: Yes Association: Yes Association Fee: 1350 Association Fee Frequency: Annually Association Fee 2: 3108 Association Fee 2 Frequency: Annually Covenants Y/N: Yes Legal Description: To be determined- the parcel # and legal description for individual condos are still unassigned.

Remarks & Miscellaneous

Public Remarks: Ready to live a relaxing life on the Water? This condominium is one of 6 new construction 2-bedroom/2-bathroom units under construction in The Town of Lost Rabbit Town Center adjacent to the marina, directly on the Reservoir. These condos are located on the 2nd and 3rd floors above the Lost Rabbit General Store. There are 3 floor plans per floor, each with varying square footages and designs- multiple options for everyone! Be a part of the first project in the State of Mississippi to use cross- laminated timber (CLT), a state-of-the-art, renewable, sustainable building material. CLT helps reduce the amount of atmospheric carbon that contributes to climate change, according to the Clemson University Wood Utilization + Design Institute, one of the nation's pioneers in mass timber research. Penthouse Unit 802 is on the second floor and features floor-to-ceiling water views from the master bedroom AND the living room. Amenities include professional-style appliances, Wolfe gas ranges, CLT exposed wood ceilings, tankless water heater, community pool, owners-only private rooftop terrace, expansive balconies, miles of multi-use trails, playgrounds and countless others. Now available for pre-sale with the ability to choose numerous finishes. Call your Realtor® today for more information or a tour! Taxes, leasehold, and HOA fees are estimated based on existing condos with homestead.

Status Change Info

Contract Date/Pending Date: 2023-07-06 Closing Date: 2023-08-11 Appraised SqFt: 1509 Sold Price/SqFt: 351.47

Showing Requirements

Showing: Appointment Required

Property Features

Structure Type: Midrise 3-6 Floors Levels: One Covenants And Restrictions: Architectural Review; Homeowner Association; Restrictive Covenants Association Fee Includes: Accounting/Legal; Maintenance Grounds; Management; Pool Service Appliances: Dishwasher; Disposal; Gas - Range; Refrigerator; Self Cleaning Oven; Stainless Steel Appliance(s); Tankless Water Heater; Water Heater Accessibility Features: Accessible Elevator Installed; Central Living Area Cooling: Ceiling Fan(s); Central Air Heating: Central; Natural Gas Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Underground Utilities; Natural Gas in Kitchen Sewer: Public Sewer Water Source: Public Foundation Details: Post-Tension; Slab Listing Terms: 1031 Exchange; Bank Loan; Cash; Conventional; FHA; USDA Loan; VA Loan Exterior Construction/Siding: Brick Roof: Flat; Other Exterior Features: Balcony Parking Features: Common; Lighted; On Street; Parking Lot; Paved Pool Features: Fenced; Gunite; In Ground
Listing Office: Blue South Real Estate Group,LLC dba Blue South
Listing Agent: Mercedes Smith
Last Updated: August - 11 - 2023

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Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.