0000 Cedar Hill Road NE, Navassa, NC 28451
$4,200,000
Property Type:
Land
Lot Size (sq. ft.):
3,136,320
Status:
Closed
Current Price:
$4,200,000
List Date:
7/15/2020
Last Modified:
6/22/2023
Description
Nestled under beautiful Oak Trees and a hidden gem of a previously mined pond, lies 180 approximate acres only 12 minutes from the heart of downtown Wilmington. Located beside the largest growing town of Leland in North Carolina. With a new outer loop of I 140 1/4 of a mile from the interchange. This property is also located in an opportunity zone offering tax discounts and deferrals. A developers dream with a 6 acre pond perfect for a dock and clubhouse. 64 acres cleared, graded and has 8000+ sq yards of topsoil. (approximately $2,000,000) worth of investment already in place for clearing and grading of the property! Davis Creek runs along the entirety of the property which gives easy access to the Cape Fear River. Property could be great for apartments, retail space, and housing development. Has a city boat ramp in between the properties which total the approximate 195 acres to be determined by a survey. Close to the property is a wonderful public park offering a baseball field, basketball court, tennis court, picnic area and more. Easily tie into water and sewer!
More Information MLS# 100226913
Contract Info
Status: Closed
Marketing Start Date: 2020-07-15
Sub-Type: Undeveloped
Auction: No
Listing Price: 4100000
Current Price: $4,200,000
List Price/Acre: 56944.44
Stipulation of Sale: Standard
Location Information
Street #: 0000
Street Name: Cedar Hill
Street Suffix: Road
Post Direction: NE
County: Brunswick
State/Province: NC
Zip Code: 28451
City Limits: No
Marketing City: Navassa
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.263232
Geo Lon: -77.997525
Remarks and Showing
Directions to Property: From Downtown Wilmington take 421/US 74E to merge onto I-140 to Cedar Hill Road Exit, follow to David Creek Drive or take US-17S to Southport/Oak Island/Leland exit, keep right follow signs for Navassa/Leland on Village Road NE, right on S. Navassa Road to Cedar Hill Road to right on Davis Creek Road.
Sign on Property: Yes
Property Exterior Info
Acres - Total: 72
Lot Dimensions: variable
Lot SqFt: 3136320
Deed Restriction: Yes
Total Road Frontage: 400
Waterfront: No
Waterview: Yes
Location Type: Mainland
Legal and Taxes
Tax Assessed Value: 1953700
Deed Book: 284
Deed Page: 662
Legal: 187.47 AC
Broker Owner: No
PID: 02400003
Tax Identifier: 02400003
Special Assessments: none
Tax Year: 2019
Zoning: NA-HI
HOA: No
Cobra Zone: No
School District: Brunswick
Elementary School: Lincoln
Middle School: Leland
High School: North Brunswick
Status Change Info
Under Contract Date: 2023-02-09
Sold Price: $4,200,000
Sold Date: 2023-06-21
Property Features
Bldgs on Property: None
Soil Evaluation: Soil Evaluation - No
Frontage Type: Creek; Pond Front
Topography: Cleared/Partial; Level; Sloped; Undeveloped; Wooded
View Type: Creek/Stream; Pond; Water
Fuel Tank: None
Environmental Hazard: Unknown
Lot Description: Open Lot; Partially Cleared; Wooded
Lot Water Features: None
HOA and Neigh Amenities: No Amenities
Terms: Cash; Conventional
Listing Office: Wicker Properties of the Carolinas, Inc.
Last Updated: June - 22 - 2023
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