For Sale $240,000
Charming 4-bedroom, 2-bath home in the heart of Troutman! Built in 1940, this character-filled home offers abundant natural light and sits on a large corner lot with exciting possibilities for the next owner. The spacious property offers potential to be subdivided into two parcels, creating a unique opportunity for additional value or future development while retaining the existing home. Troutman offers the best of small-town living while keeping you close to everything the Lake Norman area has to offer. Enjoy convenient access to Mooresville, Statesville, shopping, dining, and I-77. Lake Norman State Park is nearby, offering boating and paddling access, a swimming beach, fishing, camping, and miles of hiking and mountain biking trails. Important Development Information: The Town of Troutman currently has a moratorium affecting new water taps. The moratorium does not prevent the property from being subdivided, but a new water tap would be required before a newly created parcel could be developed. The Town is working with neighboring municipalities on utility capacity and a resolution, but no definite timeline has been established. Buyer and buyer's agent to verify subdivision potential, water tap availability, utility requirements, development restrictions, and current moratorium status directly with the Town of Troutman. A rare combination of a charming home, oversized corner lot, subdivision potential, and convenient access to Lake Norman, Mooresville, Statesville, and I-77.
| List Price: | $240,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1188 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4414513 |
| Subdivision: | None |
| Bathrooms: | 2 |
| Lot Description: | Corner Lot |
| Year Built: | 1940 |
| Sewer Type: | Public Sewer |
| Elementary: | Troutman |
| Middle: | Troutman |
| High: | South Iredell |
| Date | Event | Price | $/SQFT |
| 08-23-2026 | Under Contract | $240,000 | $203 |
| 08-18-2026 | Listed | $240,000 | $203 |
| 11-09-2025 | Listed | $549,995 | $463 |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Troutman Elementary School | 0 miles | PK-05 | 5 |
| Third Creek Elementary School | 4 miles | PK-05 | 2 |
| Success Charter School | 4 miles | KG-06 | 1 |
| American Renaissance School | 6 miles | KG-06 | 9 |
| Shepherd Elementary School | 6 miles | PK-05 | 8 |
| N B Mills Elementary School | 6 miles | PK-05 | 1 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 305 Church Street, Troutman NC | 0 mi | $240,000 | days | |
| 310 Church Street, Troutman NC | 0 mi | $305,000 | days | |
| 156 Brooks Street, Troutman NC | 0.1 mi | $570,000 | days | |
| 164 Eastway Drive, Troutman NC | 0.2 mi | $575,000 | days | |
| 119 Addison Place, Troutman NC | 0.2 mi | $275,000 | days | |
| 122 Addison Place, Troutman NC | 0.2 mi | $279,900 | days |
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
A Courtesy Listing Provided By Lake Realty
305 Church Street, Troutman NC is a 1188 ft2 on a 0.705 acres lot. This is for $240,000. This has 4 bedrooms, 2 baths, and was built in 1940.
Based on information submitted to the MLS GRID as of 2026-08-18 18:10:22 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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