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Yolanda Lennon

yldreamhomes@gmail.com +1(919) 616-1717

Listed by National Land Realty Central NC MLS LLC

$ 2,499,900

Est. payment | -/mo

Save

$ 2,499,900

Est. payment | -/mo

Save

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Not In A Subdivision

MLS Listing ID 10158215

HOA Y/N No

Annual Tax Amount $184

Acres 89.39

Lot Dimensions irregular

Property Sub-Type Unimproved Land

Source Doorify MLS

Property Description

Discover this rare investment opportunity: 89+/- acres perfectly positioned only 10 miles from downtown Chapel Hill. The front 33+/- acres features harvest-ready pines that have completed their second thinning, while the back 56+/- acres was clear-cut and replanted around 2017, setting the stage for future timber value. Whether you're seeking a solid timber investment tract or a large-lot residential development, this property delivers. Current Agriculture Residential zoning allows a minimum lot size of 40,000 sq ft. Well and Septic needed. The land is enrolled in the Present Use Value timber program, providing the benefit of deferred taxes; a status the future buyer may choose to maintain. Buyers opting out of re-enrollment should note responsibility for three years of rollback taxes, interest, and full property taxes going forward. Note the tax bill reflects the assessed value for being in the timber program. Don't miss this versatile acreage with built-in timber income and long-term development potential.

Location

State NC

County Orange

Community Not In A Subdivision

Area 89.39

Zoning AR

Interior

Fireplace No

Exterior

Utilities Available Other

Garage No

Building

Water Need Well

New Construction No

Schools

Elementary Schools Orange - Grady Brown Elementary

Middle Schools Orange - A L Stanback Middle

High Schools Orange - Cedar Ridge High

Others

Senior Community No

Tax ID 9737690802

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Schools and Properties Nearby

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+1(919) 616-1717

yldreamhomes@gmail.com

Learn More About LPT Realty

1 Collins Mountain RD Chapel Hill, NC 27516