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561 Bountiful Lane, Castle Hayne, NC 28429

$2,275,000
Property Type: Land Lot Size (sq. ft.): 730,066 Status: Closed
Current Price: $2,275,000 List Date: 7/23/2019 Last Modified: 7/21/2022

Overview

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.

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 ...

Listing Details MLS# 100176805

Contract Info

Marketing Start Date
2019-07-23
Sub-Type
Residential Land
Auction
No
Listing Price
2275000
List Price/Acre
135739.86
Stipulation of Sale
Standard

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

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
Plat Book
No
Plat Page
No

Status Change Info

Under Contract Date
2020-06-13
Sold Date
2022-04-04

More Information

Bldgs on Property

Manufactured Home
Yes
Shed(s)
Yes

HOA and Neigh Amenities

No Amenities
Yes

Soil Evaluation

Soil Evaluation - No
Yes

Topography

Cleared/Partial
Yes
Wooded
Yes

Terms

Cash
Yes
Conventional
Yes

Fuel Tank

None
Yes

Environmental Hazard

Unknown
Yes

Road Type/Frontage

Public (City/Cty/St)
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

Sewer

Municipal Sewer
Yes

Water Source

Municipal Water
Yes

Property Features

Bldgs on Property: Manufactured Home; Shed(s) Soil Evaluation: Soil Evaluation - No Topography: Cleared/Partial; Wooded Fuel Tank: None Environmental Hazard: Unknown Utilities: Sewer Available; Water Available Sewer: Municipal Sewer Water Source: Municipal Water HOA and Neigh Amenities: No Amenities Terms: Cash; Conventional
Listing Office: Coldwell Banker Sea Coast Advantage
IDX
Last Updated: July - 21 - 2022
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