7 Acres New Bern North Carolina

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Property Description:

Property Details

  • Time to Build
    NA
  • State
    NC
  • County
    Craven
  • City
    New Bern
  • GPS
    35.206082, -77.179812 / 35.206206, -77.180384
  • Curent Zoning
    No Zoning
  • General Elevation
    25.98ft
  • Taxes
    $168.86 Per Parcel
  • Conveyance
    Warranty Deed
  • Sewer
    No Sewer/ Septic would need to be put in.
  • Parcel Size (in acres)
    7
  • Zip
    28562
  • Title Info
    Clean title. Lots were transferred Straight from family in 2007 on a Warranty Deed.
  • Access
    Road Frontage
  • Terrain
    Flat
  • HOA Fees
    NA
  • Power
    At street.
  • Water
    Well would need to be installed.
  • Phone
    2533591093

Transaction Details

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

Terms

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.

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