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Listed by National Land Realty Central NC MLS LLC
$ 2,499,900
Est. payment /mo
Active
1 Collins Mountain RD Chapel Hill, NC 27516
UPDATED:
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
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