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
Documents
Listing Office: Blue South Real Estate Group,LLC dba Blue South
Listing Agent: Mercedes Smith
Last Updated: August - 11 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.