$2,275,000
Castle Hayne, NC 28429
MLS# 100176805
Status: Closed
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Property Description
Bountiful Village is a 35 lot single-family home community in rapidly growing Castle Hayne, NC, which is part of the greater Wilmington metropolitan area. Will be delivered Fully Entitled and Shovel Ready. Located off Castle Hayne Road, Bountiful Village is less than 2 miles to the new I-140 Wilmington Bypass. Additionally, Castle Hayne road is slated for widening from 23rd Street to the Bypass, and a new traffic signal will be installed at the intersection of Oakley and Castle Hayne road. 5.6 Miles (10 minutes) to Downtown Wilmington 4.6 Miles (10 minutes) to CFCC North Campus 8.7 Miles (20 minutes) to New Hanover Regional Medical Center 9.9 Miles (20 minutes) to UNCW 9.7 Miles (20 minutes to Mayfaire Shopping Center 13.1 Miles (25 minutes) to Wrightsville Beach Schools are Wrightsboro Elementary, Holly Shelter Middle and New Hanover High School (buyer should double check with school board) Bountiful Village is USDA funding eligible and is a perfect opportunity to offer highly sought-after affordable housing in New Hanover County. There was a very limited amount of capacity available in the sewer basin servicing this property. We have purchased the vast majority of it for $46,464.00. Per CFPUA, it is our understanding this essentially eliminated any capacity for other significant development projects, and that there are no current plans for expansion in this basin. Situated on almost 17 acres, the site plan takes advantage of the natural topography, clustering the townhomes toward the front of the property, and keeping roughly 50% of the property natural. Storm water designed/permitted for approximately 3000 sq ft of impervious surface per lot. Bountiful Village will be delivered fully entitled and permitted, at $25,000 per lot, including the sewer capacity, for a total of $875,000.
Details
Maps
Contract Info
Status: Closed
Effective Date: 2019-07-23
Delayed Marketing Date (DM): 2019-07-23
Sub-Type: Residential Land
Auction: No
Listing Price: 2275000
Current Price: $2,275,000
List Price/Acre: 135739.86
Sub Agent Comm: 3
Sub Agent Comm $/%: %
Buyer Agent Comm: 3
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
Location Information
Street #: 561
Street Name: Bountiful
Street Suffix: Lane
County: New Hanover
State/Province: NC
Zip Code: 28429
City Limits: No
Marketing City: Castle Hayne
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.300076
Geo Lon: -77.938018
Remarks and Showing
Directions to Property: Go exactly 0.9 miles on Oakley Rd. Property on left. Mailbox says 521, not 561.
Sign on Property: Yes
Property Exterior Info
Acres - Total: 16.76
Lot SqFt: 730066
Deed Restriction: No
Total Road Frontage: 518
Waterfront: No
Waterview: No
Location Type: Mainland
Legal and Taxes
Tax Assessed Value: 159600
Deed Book: 6181
Deed Page: 369
Legal: (16.75 ACRES) PT MOORE
Broker Owner: Yes
PID: R03300-001-037-000
Tax Identifier: R03300-001-037-000
Special Assessments: NONE
Tax Year: 2018
Zoning: R-10
HOA: No
Cobra Zone: No
Elementary School: Wrightsboro
Middle School: Holly Shelter
High School: New Hanover
Status Change Info
Under Contract Date: 2020-06-13
Sold Price: $2,275,000
Sold Date: 2022-04-04
Property Features
Bldgs on Property: Manufactured Home; Shed
Soil Evaluation: Soil Evaluation - No
Topography: Cleared/Partial; Wooded
Fuel Tank: None
Environmental Hazard: Unknown
Road Type/Frontage: Public (City/Cty/St)
Utilities: Municipal Sewer; Municipal Water
HOA and Neigh Amenities: No Amenities
Terms: Cash; Conventional
Supplements
Bountiful Village is a 35 lot single-family home community in rapidly growing Castle Hayne, NC, which is part of the greater Wilmington metropolitan area.
Will be delivered Fully Entitled and Shovel Ready.
Located off Castle Hayne Road, Bountiful Village is less than 2 miles to the new I-140 Wilmington Bypass. Additionally, Castle Hayne road is slated for widening from 23rd Street to the Bypass, and a new traffic signal will be installed at the intersection of Oakley and Castle Hayne road.
5.6 Miles (10 minutes) to Downtown Wilmington
4.6 Miles (10 minutes) to CFCC North Campus
8.7 Miles (20 minutes) to New Hanover Regional Medical Center
9.9 Miles (20 minutes) to UNCW
9.7 Miles (20 minutes to Mayfaire Shopping Center
13.1 Miles (25 minutes) to Wrightsville Beach
Schools are Wrightsboro Elementary, Holly Shelter Middle and New Hanover High School (buyer should double check with school board)
Bountiful Village is USDA funding eligible and is a perfect opportunity to offer highly sought-after affordable housing in New Hanover County.
There was a very limited amount of capacity available in the sewer basin servicing this property. We have purchased the vast majority of it for $46,464.00. Per CFPUA, it is our understanding this essentially eliminated any capacity for other significant development projects, and that there are no current plans for expansion in this basin.
Situated on almost 17 acres, the site plan takes advantage of the natural topography, clustering the townhomes toward the front of the property, and keeping roughly 50% of the property natural.
Storm water designed/permitted for approximately 3000 sq ft of impervious surface per lot.
Bountiful Village will be delivered fully entitled and permitted, at $25,000 per lot, including the sewer capacity, for a total of $875,000.
Listing Office: Coldwell Banker Sea Coast Advantage
Last Updated: July - 21 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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