$875,000

561 Bountiful Lane

Castle Hayne NC, 28429

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 Wilmington4.6 Miles (10 minutes) to CFCC North Campus8.7 Miles (20 minutes) to New Hanover Regional Medical Center9.9 Miles (20 minutes) to UNCW9.7 Miles (20 minutes to Mayfaire Shopping Center13.1 Miles (25 minutes) to Wrightsville BeachSchools 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. 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.

Details

MLS#100176805
Sub-TypeResale
StatusActive
Days On Site144

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:
$875,000
low | high
Med:
$135,000
100% of Average
On Site:
144
low | high
Med:
240
60% of Average
Listing Updated: 12/13/2019
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