145 Republic Street, 803, Madison, MS 39110

$560,000
Property Type: Residential Bedrooms: 2 Square Footage: 1,636 Lot Size (sq. ft.): 10,890 Status: Closed
Current Price: $578,000 List Date: 1/19/2023 Last Modified: 3/25/2025

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

Parcel Number: Unassigned 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 Street Number: 145 Street Name: Republic Street County: Madison State: MS Zip Code: 39110 Unit #: 803 Subdivision: Lost Rabbit

Listing Information

Projected Completion Date: 2023-01-18 Listing Service: Full Service Estimated Completion Date: 2023-03-31 Status: Closed List Date: 2022-11-29 List Price: $578,000 Current Price: $560,000

General Property Information

New Construction: Yes Property Condition: Under Construction Approx Lot Size Acres: 0.25 SqFt Source: Plans List Price/SqFt: 353.3 Year Built Source: Owner Garage Spaces: 0 Carport Spaces: 0 Total Floors: 1 Bathrooms Half: 0 Bathrooms Three Quarter: 0 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 Property Sub Type: Condominium Approx H/C SqFt: 1636 Year Built: 2023 Bedrooms Total: 2 Bathrooms Full: 2

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

Appraised SqFt: 1539 Sold Price/SqFt: 342.3 Contract Date/Pending Date: 2023-01-18 Closing Date: 2023-07-21

Structure Type

Midrise 3-6 Floors: 1

Covenants And Restrictions

Architectural Review: 1 Homeowner Association: 1 Restrictive Covenants: 1

Levels

One: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Listing Terms

1031 Exchange: 1 Bank Loan: 1 Cash: 1 Conventional: 1 FHA: 1 USDA Loan: 1 VA Loan: 1

Association Fee Includes

Maintenance Grounds: 1 Management: 1 Pool Service: 1

Waterfront Features

Waterfront: Yes Marina: 1 Reservoir: 1 View: 1

Showing Requirements

Showing: Appointment Required

Interior Features

Kitchen Island: 1

Utilities

Electricity Connected: 1 Natural Gas Connected: 1 Sewer Connected: 1 Water Connected: 1 Underground Utilities: 1 Natural Gas in Kitchen: 1

Pets Allowed

Cats OK: 1 Dogs OK: 1

Kitchen Features

Kitchen Island: 1 Solid Surface Counters: 1

Appliances

Built-In Gas Range: 1 Disposal: 1 Exhaust Fan: 1 Gas Water Heater: 1 Instant Hot Water: 1 Oven: 1 Refrigerator: 1 Self Cleaning Oven: 1 Stainless Steel Appliance(s): 1 Tankless Water Heater: 1

Walls - Interior

Sheetrock: 1

Accessibility Features

Accessible Elevator Installed: 1 Central Living Area: 1

Security Features

Smoke Detector(s): 1

Cooling

Ceiling Fan(s): 1 Central Air: 1 Electric: 1

Heating

Central: 1 Natural Gas: 1

Foundation Details

Post-Tension: 1 Slab: 1

Exterior Construction/Siding

Brick: 1

Roof

Flat: 1

Exterior Features

Balcony: 1

Parking Features

Common: 1 Lighted: 1 On Street: 1 Parking Lot: 1 Paved: 1

Community Features

Boating: 1 Clubhouse: 1 Curbs: 1 Fishing: 1 Hiking/Walking Trails: 1 Lake: 1 Marina: 1 Park: 1 Playground: 1 Pool: 1 Sidewalks: 1 Street Lights: 1

Pool Features

Fenced: 1 Gunite: 1 In Ground: 1

Water Heater

Natural Gas: 1 Tankless: 1

Disclosures

Agent Owned: 1 Pre-Sale: 1

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 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
Listing Office: Blue South Real Estate Group,LLC dba Blue South
Listing Agent: Mercedes Smith
Last Updated: March - 25 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.