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Don Gomez

dongomezrealtor@gmail.com +1(704) 565-0689

Listed by Nest Realty of the Triangle

$1,600,000

Est. payment - /mo

3 Beds

3 Baths

2,390 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 2,390 sqft

Price per Sqft $669

Subdivision Not In A Subdivision

MLS Listing ID 10132157

Style Traditional

Bedrooms 3

Full Baths 2

Half Baths 1

HOA Y/N No

Year Built 1982

Annual Tax Amount $5,178

Lot Size 2,390 Sqft

Acres 4.12

Lot Dimensions See GIS Map

Property Sub-Type Single Family Residence

Source Doorify MLS

Land Area 2390

Property Description

An exceedingly rare 4 acre lot in a great South Durham location with significant development potential, for single family homesites, townhome, or even 3 story mixed use under the proposed LDC and the suggested RX-3 zoning. Under the existing Rural Residential zoning, 4 lots could be created. According to Planning Department Staff, under the current UDO townhome/multifamily development is an option with rezoning. With the LDC, the development potential skyrockets even further. Under such a rezoning, nearby precedent neighborhoods Like Weldon Downs would suggest 25-30 or high-end townhomes with green spaces. Not quite ready to take on such a project yourself? This could be an exceptional land-banking investment, one which you also live on and enjoy for just a few years or 5-10+. Durham's expansion in SoDu is evident all around, and the proximity to Duke, UNC, RDU, RTP, and the planned Childrens Hospital will only become more valuable with time. In the meanwhile Expanding/improving the existing farmhouse, storage barn, and horse facilities is one option, creating a larger estate. Under any option, this is an incredible opportunity for a savvy buyer. Seller is able to be patient during a rezoning/site plan approval, assuming appropriately attractive terms, including hard money down. Note there is no real estate sign on the property. Please do not enter the property without an appointment.

Location

State NC

County Durham

Community Not In A Subdivision

Area 4.12

Rooms

Basement Crawl Space

Interior

Interior Features Ceiling Fan(s), High Ceilings, Kitchen/Dining Room Combination, Shower Only, Tile Counters

Cooling Central Air

Flooring Hardwood

Fireplaces Number 1

Fireplaces Type Fireplace Screen, Living Room, Masonry, Wood Burning

Fireplace Yes

Appliance Washer

Laundry Main Level, Laundry Closet

Exterior

Exterior Feature Fenced Yard, Gas Grill, Rain Gutters

Parking Features Concrete, Detached, Driveway, Garage, Parking Pad, Workshop in Garage

Fence Fenced Yard

Utilities Available Electricity Connected, Natural Gas Connected, Septic Connected, Water Connected

Roof Type Shingle

Garage No

Building

Lot Description Farm, Pasture, Secluded

Story One and One Half

Foundation Block

Water Well

Architectural Style Traditional

New Construction No

Schools

Elementary Schools Durham - Parkwood Elementary

Middle Schools Durham - Lowes Grove Middle

High Schools Durham - Hillside High

Others

Senior Community No

Tax ID 152013

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Don Gomez

+1(704) 565-0689

Founder / CEO

4517 Grandale DR Durham, NC 27713

Don Gomez

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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