(LAND) SFR NEW CONSTRUCTION OPPORTUNITY! (BURLINGTON, 27217)
ASKING PRICE: $27,300
SFR POST CONSTRUCTION VALUE: $266,000
Location
- Proximity: 5 minutes north of Downtown Burlington, NC, and Glen Raven.
- Neighborhood: Situated in a mature, established residential setting.
- Nearby Development: Located just down from the newer Brassfield Meadows development.
- Convenience: Easy access to local amenities, schools, and major thoroughfares.
Zoning & Development
- Zoning: High-density residential zoning (ideal for flexible SFR development options).
- Development Potential: Streamlined zoning for efficient development planning.
- Survey: Completed and included with the sale.
- No HOA: No homeowners’ association restrictions or fees.
Utilities & Infrastructure
- City Water & Sewer: Tap-in connections confirmed & available once builder application is submitted.
- Fees:
- $2,500 for water tap & $684 for water system development
- $2,800 for sewer tap & $1,406 for sewer system development
- Total Cost: $7,390 (Per Burlington Engineering)
- Paved Road Access: Ready for construction logistics.
Lot Conditions & Specs
- Lot Size: 0.22 acres (9,663 sqft)
- Lot Width: 55.22′ in width.
- Topography: Slight slope with an average grade of 4.74% per slope report.
- Condition: Wooded, offering potential for aesthetic or functional landscaping.
- No Flood Zone: Not located in a flood zone or flood-prone area
- No Wetlands: No wetlands on the property
- Zoning: HDR
- Min. Building Requirements:
- Lot Size: 6,000 sqft
- Frontage: 50′
- Set Backs: Front: 25′, Sides: 10′, Rear: 25′
COMPS:
SFR New Builds
- 312 Hooker St, SOLD $267,500 3bd / 2ba 1,391 sqft (lot size: 0.21)
- 1652A Lower Hopedale Rd, SOLD $265,000 3bd / 2ba 1,419 sqft (lot size: 0.22)
- 1650B Lower Hopedale Rd, SOLD $265,000 3bd / 2ba 1,357 sqft (lot size: 0.22)
*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.