Off Vannoy Road, Millers Creek, NC 28651

$1,350,000
List Price
$1,350,000
MLS#
1022411
Status
ACTIVE
Type
Land
Acres
509

Property Description

This is a new sub-division that was started in 2007 with approximately 2-miles of paved roads, under-ground utilities, 2-large concrete bridges, a pond, streams, timber, and lots of trails. No lots have been sold. The total developer's investment was in excess of $9,000,000. Developer declared bankruptcy and bank foreclosed. Property's new owner has since purchased a much larger parcel of land to build his private estate. This property can still be a development, or a family retreat / compound! The current owner now has the property in the Present Use Value Program, where the timber is in a management program. Taxes for the 509-acres are $846.53 per year! This is the best investment opportunity that I have ever had the opportunity to be a part of. The asking price of $1,350,000 is FIRM.

Additional Information

Acres
509
Buildings On Property
Remarks
Cable
Yes
Cleared Acres
9
Easement
Yes
Electric Provider
Remarks
Environmental Hazards
No
Fencing
No Fencing
Gas Type
None Available
Land Description
Creek, Dead End, Mountain, Mountain View, Pond, River, Riverfront, Rolling, Sloping, Stream, View, Wooded
Lot Dimensions
Irregular
Lot Size
509
Main Road Frontage
550
Main Road Type
2-Lane, Paved, State Maintained
Miscellaneous
Timber
Sewer
None
Show Street Address
Yes
Water
Well
Wooded Acres
500

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Carolina's Land, Inc..