$962,500

561 Bountiful Lane

Castle Hayne NC, 28429

Description

Bountiful Village is an approved 55 unit townhome community in rapidly growing Castle Hayne, NC, which is part of the greater Wilmington metropolitan area.13.1 Miles (25 minutes) to Wrightsville Beach Schools are Wrightsboro Elementary, Holly Shelter Middle and New Hanover High School Approved as 1 story, 2 bedroom, 2 bathroom townhomes with municipal water and sewer. 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. Bountiful Village will be delivered fully entitled and permitted, at $17,500 per door, including the sewer capacity, for a total of $962,500.

Details

MLS#100176805
Sub-TypeResale
StatusActive
Days On Site90

Features

ZoningR-10
Acreage16.76

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Area Information

StateNC
CountyNew Hanover
CityCastle Hayne
Zip Code28429
AreaNew Hanover
Community NameNot In Subdivision
Listing VS Median (in Not In Subdivision)
Price:
$962,500
low | high
Med:
$139,900
100% of Average
On Site:
90
low | high
Med:
18
100% of Average
Listing Updated: 10/21/2019
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