145 Republic Street, 803, Madison, MS 39110
$560,000
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
1,636
Lot Size (sq. ft.):
10,890
Status:
Closed
Current Price:
$578,000
List Date:
1/19/2023
Last Modified:
8/01/2023
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 803 is on the third floor and features floor-to-ceiling water views from the master bedroom AND living room.
Amenities include professional-style appliances, 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# 4034487
Address and Location Information
Street Number: 145
Street Name: Republic Street
County: Madison
State: MS
Zip Code: 39110
Unit #: 803
Parcel Number: Unassigned
Subdivision: Lost Rabbit
Directions to Property: From Hoy Road enter Lost Rabbit and take first left at Water Street. Continue on around until you reach the marina, then right at Port Street and left on Republic Street. The condo building will be on your right across from the marina.
Community Of: N/A
Listing Information
Status: Closed
List Date: 2022-11-29
Projected Completion Date: 2023-01-18
List Price: $578,000
Current Price: $560,000
Property Sub Type: Condominium
Listing Service: Full Service
New Construction: Yes
Property Condition: Under Construction
Estimated Completion Date: 2023-03-31
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: 353.3
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
Sold In Previous 12 Months: No
Association: Yes
Association Fee: 1400
Association Fee Frequency: Annually
Covenants Y/N: Yes
Legal Description: To be determined- the parcels and legal descriptions 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 803 is on the third floor and features floor-to-ceiling water views from the master bedroom AND living room.
Amenities include professional-style appliances, 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: 2023-01-18
Closing Date: 2023-07-21
Appraised SqFt: 1539
Sold Price/SqFt: 342.3
Waterfront Features
Waterfront: Yes
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: Maintenance Grounds; Management; Pool Service
Interior Features: Kitchen Island
Pets Allowed: Cats OK; Dogs OK
Kitchen Features: Kitchen Island; Solid Surface Counters
Appliances: Built-In Gas Range; Disposal; Exhaust Fan; Gas Water Heater; Instant Hot Water; Oven; Refrigerator; Self Cleaning Oven; Stainless Steel Appliance(s); Tankless Water Heater
Walls - Interior: Sheetrock
Accessibility Features: Accessible Elevator Installed; Central Living Area
Security Features: Smoke Detector(s)
Cooling: Ceiling Fan(s); Central Air; Electric
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
Exterior Features: Balcony
Parking Features: Common; Lighted; On Street; Parking Lot; Paved
Community Features: Boating; Clubhouse; Curbs; Fishing; Hiking/Walking Trails; Lake; Marina; Park; Playground; Pool; Sidewalks; Street Lights
Pool Features: Fenced; Gunite; In Ground
Waterfront Features: Marina; Reservoir; View
Water Heater: Natural Gas; Tankless
Disclosures: Agent Owned; Pre-Sale
Documents
Listing Office: Blue South Real Estate Group,LLC dba Blue South
Listing Agent: Mercedes Smith
Last Updated: August - 01 - 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.