(LAND) SFR NEW CONSTRUCTION 3 LOT SUBDIVIDE OPPORTUNITY! (ALBEMARLE, 28001)
ASKING PRICE: $67,300
SFR POST CONSTRUCTION VALUE: $285,000
Location
- 6 minutes north of Downtown Albemarle, NC
- Established residential road with proven subdivide concept & new construction SFR sales.
- Most recent resale on the street in January for $285,000
Zoning & Development
- Zoning: Albemarle R-10 General Residential District
- Minor Subdivision Regulations:
- UDO Allows subdivision for up to 10 total parcels (original + new)
- All lots must meet city standards and zoning requirements
- Each lot must have adequate frontage along an existing street
Utilities & Infrastructure
- Access to Tap into City Water & Sewer at paved road frontage
- Paved road frontage for easy access and development
- No flood zone / wetlands on property
Lot Conditions & Specs
- Size: 3.45 acres
- Lot Width: 208′
- Current Condition: Wooded, never developed
- Topography: Sloped throughout parcel
- Will require clearing & grading lot frontage for development
- Zoning: R-10
- Min. Building Requirements:
- Lot Size: 10,000 sqft
- Frontage: N/A
- Set Backs: 30′ Front / 10′ Side / 30′ Rear
COMPS:
-Comp Parcel was Purchased for $118,500 on 3/6/24 & Subdivided into 3 Individual Lots:
- LOT 1 Knollwood Cir, SOLD $285,000 3bd / 2ba 1,320 sqft (Lot Size: 0.98ac)
- 122 Knollwood Cir, SOLD on 1/17/25 $285,000 3bd / 2ba 1,320 sqft (Lot Size: 1ac)
- LOT 3 Knollwood Cir, SOLD $285,000 3bd / 2ba 1,320 sqft (Lot Size: 1ac)
Nearby New Build SFR’s:
- 425 Woodcrest Ln, SOLD $289,900 4bd / 2ba 1,536 sqft (Lot Size: 0.35ac)
- 429 Woodcrest Ln, SOLD $274,800 4bd / 2ba 1,536 sqft (Lot Size: 0.35ac)
*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 $5,000. 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.