561 Bountiful Lane, Castle Hayne, NC 28429 (MLS# 100176805)

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

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 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.

More Information MLS# 100176805

Contract Info

Status: Closed Marketing Start Date: 2019-07-23 Sub-Type: Residential Land Auction: No Listing Price: 2275000 Current Price: $2,275,000 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 Geo Lat: 34.300076 Geo Lon: -77.938018

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

Status Change Info

Under Contract Date: 2020-06-13 Sold Price: $2,275,000 Sold Date: 2022-04-04

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
Last Updated: July - 21 - 2022
561 Bountiful Lane, Castle Hayne, NC 28429- MLS# 100176805
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