(LAND) SFR NEW CONSTRUCTION OPPORTUNITY! (BURLINGTON, 27217)
ASKING PRICE: $27,700
SFR POST CONSTRUCTION VALUE: $255,000
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.
Lot Conditions & Specs
- Lot Size: 0.23 ac / 9,982 sqft
- Lot Width: 51’
- Topography: Flat
- Vegetation: Mostly cleared & maintained
- Environmental: No flood-zone or watershed restrictions
Zoning & Development
- Zoning: High-density residential (HDR)
- Development Potential: Residential
- Survey: Will be included in sale
- HOA / CCRs: None
Infrastructure & Utilities
- Road Frontage: Paved city maintained road frontage
- All Public Utilities Confirmed by city verbal verification & service maps
- Water: City water available at road frontage
- Sewer: City sewer available at road frontage
- Electric: Available at lot frontage
- Connection 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)
COMPS:
SFR 3 Bedroom New Builds:
- 312 Hooker St, SOLD $267,500 3bd / 2ba 1,391 sqft (Lot Size: 9,147 sqft)
- 1650B Lower Hopedale Rd, SOLD $265,000 3bd / 2ba 1,357 sqft (Lot Size: 9,583 sqft)
SFR 2 Bedroom New Builds:
- 1720 Blackwell Rd, SOLD $243,000 2bd / 2ba 1,152 sqft (Lot Size: 5,662 sqft)
- 1724 Blackwell Rd, SOLD $242,900 2bd 2ba 1,152 sqft (Lot Size: 5,662 sqft)
*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.