(LAND) SFR NEW CONSTRUCTION OPPORTUNITY w/PERMITS! (CHAPEL HILL, 27514)
ASKING PRICE: $237,300
SFR POST CONSTRUCTION VALUE: $1,100,000
Location
- Desirable Area: Ideally positioned between Chapel Hill and Hillsborough, offering a balance of suburban tranquility and accessibility.
- Top-Rated Schools: Less than 0.25 miles from an 8/10-rated elementary school, increasing market appeal.
- Strong Market Value: The property’s location and school proximity enhance its desirability for new construction.
Zoning & Development
- Zoning: R1 – Rural Residential, outside city limits; allows for a single-family home with a minimum lot size of 40,000 SF.
- Subdivision Limit: Part of the Stoneycreek subdivision, that restrict further subdivision.
- Permitted Build: Approved for a 4-bedroom home with a 4,400 SF footprint; well and septic permits valid through 2027.
Utilities & Infrastructure
- Well & Septic: Fully permitted and approved systems in place; no need for additional testing.
- Electric Onsite: Utility lines bisect the property, ensuring easy access to power.
- Road Access: Paved frontage with sufficient space for driveway construction per county guidelines.
Lot Conditions & Specs
- Size & Usability: 3.9 acres with ample buildable space despite a 50-ft utility easement.
- Soil-Approved for Septic: Designated 13,000 SF septic area meets county guidelines for a primary system and repair field.
- Watershed Considerations: Unprotected watershed area with standard land disturbance limits (under 20,000 SF avoids additional permits).
- Zoning: R-1 (County)
- Min. Building Requirements:
- Lot Size: 40,000 sqft
- Frontage: 130′
- Set Backs: F: 40′ / S: 20′ / R: 20′
COMPS:
SFR New Build:
Vacant Lots:
- Tbd6 Coco Ln #6, SOLD $306,500 Lot Size: 4.14ac
- LOT 2 Walnut Cove Rd, SOLD $212,500 Lot Size: 2.18ac
*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.
____________________________________________________________
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.