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145 Republic Street, 903, Madison, MS 39110

$548,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,505 Lot Size (sq. ft.): 10,890 Status: Closed
Current Price: $588,000 List Date: 7/07/2023 Last Modified: 12/22/2023

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. Unit 903 is on the third floor and features floor-to-ceiling water views from BOTH bedrooms 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, playground 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# 4034489

Address and Location Information

Street Number: 145 Street Name: Republic Street County: Madison State: MS Zip Code: 39110 Unit #: 903 Parcel Number: Assigned Subdivision: Lost Rabbit Directions to Property: Enter Lost Rabbit via Hoy Road and take first left on Water Street. Continue until you reach the marina and take a right on Port Street and left at Republic Street. Building will be on your right. Community Of: N/A

Listing Information

Status: Closed List Date: 2022-11-29 Projected Completion Date: 2023-03-01 List Price: $588,000 Current Price: $548,000 Property Sub Type: Condominium Listing Service: Full Service New Construction: Yes Property Condition: Under Construction Estimated Completion Date: 2023-03-01

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: 1505 SqFt Source: Plans List Price/SqFt: 390.7 Year Built: 2023 Year Built Source: Owner Total Floors: 1 Bedrooms Total: 2 Bathrooms Total: 2 Bathrooms Full: 2 Fireplace: No Pool: No 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: 1350 Association Fee Frequency: Annually Association Fee 2: 3135 Association Fee 2 Frequency: Annually Covenants Y/N: Yes Legal Description: To be determined- the legal descriptions and parcels 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. Unit 903 is on the third floor and features floor-to-ceiling water views from BOTH bedrooms 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, playground 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: 2023-11-28 Closing Date: 2023-12-22 Sold Price/SqFt: 364.12

Waterfront Features

Waterfront: Yes

Showing Requirements

Showing: Appointment Required

Property Features

Structure Type: Midrise 3-6 Floors Lot Features: Corner Lot; Level; Views Levels: One Covenants And Restrictions: Architectural Review; Homeowner Association; Restrictive Covenants Association Fee Includes: Accounting/Legal; Maintenance Grounds; Management; Pool Service Pets Allowed: Cats OK; Dogs OK Kitchen Features: Kitchen Island; Kitchen/Family Room View; Solid Surface Counters Appliances: Dishwasher; Disposal; Exhaust Fan; Gas - Range; Refrigerator; Self Cleaning Oven; Tankless Water Heater Walls - Interior: Sheetrock Accessibility Features: Accessible Elevator Installed Security Features: Smoke Detector(s) 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 Exterior Construction/Siding: Brick Roof: Flat Exterior Features: Balcony Parking Features: Lighted; On Street; Parking Lot; Paved Community Features: Boating; Clubhouse; Curbs; Hiking/Walking Trails; Lake; Marina; Park; Playground; Pool; Sidewalks; Spa; Street Lights 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: December - 22 - 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.
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