- Time to Build
- New Bern
- 35.206082, -77.179812 / 35.206206, -77.180384
- Curent Zoning
- No Zoning
- General Elevation
- $168.86 Per Parcel
- Warranty Deed
- No Sewer/ Septic would need to be put in.
- Parcel Size (in acres)
- Title Info
- Clean title. Lots were transferred Straight from family in 2007 on a Warranty Deed.
- Road Frontage
- HOA Fees
- At street.
- Well would need to be installed.
|Total Transaction Purchase Price (including closing costs):||$13,100|
|Anticipated Sale Price:||$30,000|
|Anticipated Transaction Completion Time (cash in to cash out for equity partner):||60 Days|
|Escrow or Notary Acquisition?||Escrow|
|Escrow or Notary Sale?||Escrow|
|Percent of Funding from Partner Required:||100%|
|Equity Partner Profit Split:||60 Partner/ 40 for me%|
|Anticipated Budget:||$16,900 Gross.| 10,140 for Partner| 6760 for me|
|Property Access Summary: Road Frontage on Van Moreadith Rd.|
|Notes: -Two 3.5 Acre Parcels right next to each other totaling 7 Acres. -Soil is non Hydric -Land use is Residential Vacant Tract -Assessed value is 27,500 per lot which is a bit of a high assessment, but it gives insight into the value of the lots. -Taxes are paid and title is clear|
I will arrange the purchasing, posting and selling of the lots and we will split the profit 60/40. I am confident we can move them within 60 days.