(LAND) CORNER LOT SFR NEW CONSTRUCTION OPPORTUNITY! (BURLINGTON, 27217)
ASKING PRICE: $27,300
SFR POST CONSTRUCTION VALUE: $258,000
Location
- Prime corner lot in Burlington, NC.
- Just 4 minutes from downtown with easy access to shopping, dining, and local attractions.
- Situated in a quiet, well-established neighborhood.
- Convenient access to major roadways, perfect for commuters.
Zoning & Development
- Zoned for single-family residential (SFR) use.
- Buildable as-is for a single-family dwelling.
- UDO allows for possible setback adjustments if needed:
- Additional buildable space possible by aligning with average setbacks of existing residential structures on the same side of the block per UDO #12.
Utilities & Infrastructure
- Access to city water and sewer services.
- Water Tap Fee-$2500, Water SDF-$684
- Sewer Tap Fee-$2800, Sewer SDF-$1406
- Paved road frontages provide easy utility connections and transportation access.
Lot Conditions & Specs
- Condition: Mostly cleared and well-maintained, requiring minimal site preparation.
- Topography: Predominantly flat, ideal for construction.
- Survey: Completed
- Lot Size: 0.18 acres (7,841 Sqft)
- Zoning: MDR
- Min. Building Requirements:
- Non-Conforming lot of record – Buildable lot per UDO
- Current Set Backs: Front: 30′, Side: 10′, Street Side: 15′, Rear: 25′
COMPS:
SFR’s:
- 1360 Bowman Ave LOT 2, SOLD $275,000 3bd / 2ba 1,292 Sqft (0.16 acres)
- 1366 Bowman Ave, SOLD $274,000 3bd / 2ba 1,382 Sqft (0.16 acres)
- 1376 Bowman Ave, SOLD $270,000 3bd / 2ba 1,382 Sqft (0.16 acres)
- 810 Avon Ave, SOLD $242,000 3bd / 2ba 1,260 Sqft (0.16 acres)
- 603 Maple Ave, SOLD $227,000 3bd / 2ba 1,300 Sqft (0.13 acres)
*CLICK HERE TO SUBMIT OFFER*
Contact for all info & offers!
704-741-2044
Kristie@zeres.capital
Looking for a CASH transaction. This is an assignment of contract and a non-refundable deposit is required in order to lock up the deal.
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Submitting your offer
Please submit your Highest and best offer once all due diligence has been completed. The highest and best will be accepted based on speed of closing, convenience and price.
All offers must be cash, private lending or hard money only, with the ability to close within (21) days or less. Price is net to the seller, buyer pays all closing costs unless otherwise specified.
After the offer is accepted, the contract must be signed and EMD must be received within 5 hrs to the agency/office that is facilitating the closing. Minimum EMD amount for this property is $2,500. Earnest Money Deposit is Non-Refundable unless title cannot be cleared.
All properties in which the contract is assigned will be delivered fully insured with clear title from a reputable title company/attorney’s office and underwriter.
Basic Terms
For any offering, we either own the property or have equitable ownership interest with the ability to assign our contractual rights to the purchasing party. The buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. The opinion of value is given as a courtesy only as the seller makes no guarantees or warranties, express or implied, as to the value or condition of the property.
Wholesalers and Real Estate Agents
You may share this property with your buyers, however, please do not post this deal on any online platform without our consent. Wholesalers and Real Estate Agents, please add your fee and/or commission on top of our offering price when marketing to clients. To discuss further, please contact us.