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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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01 Collins Mountain Road , Chapel Hill, NC 27516
$2,499,900
Est. Payment: $5,555.33/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 162
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R03811 - 13675
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House 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. It is recommended you download a land app on your mobile device prior to walking the property.

Highlights

Listed by Bobby Spivey , 704-995-7192 National Land Realty Central NC MLS LLC , 855-384-5263.

Property Type

Vacant Land

Lot/Acreage
89.39

County

Orange

Listing ID

4367257

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Below Ground Sq Ft:0
Water:Well Needed

Exterior Features

Lot:Creek/Stream,Wooded
Zoning:AR
Sewer:Septic Needed
Principal Interest
$5,555
Taxes
$1,594

Home Price

$2,499,900

Loan Details

30 yrs
%

Down Payment

20%
$499,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,555.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,555.33 $1,593.69 $0.00 $7,149.02
Yearly $66,664.00 $19,124.24 $0.00 $85,788.23
Total $1,999,920.00 $573,727.05 $0.00 $2,573,647.05

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Chapel Hill, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.