Raw land development opportunity consisting of 28 entitled lots with approved development plans for Pine Hollow in Albemarle, NC. This offering includes the land, approved entitlements, and development plans; homes have not been constructed. Originally designed for detached single-story homes averaging 1,500–1,700 SF, each with 2-car garages and private yards. Sample floor plans are included and may be utilized, modified, or replaced by purchaser.
The approved site plan features a low-density layout with internal streets, natural buffers, and a thoughtfully planned detached housing product. The project provides a flexible development opportunity for builders, developers, investors, and Build-to-Rent operators seeking to capitalize on growing demand for single-family housing.
Ideal for purchasers seeking a shovel-ready development with approvals already in place, while maintaining flexibility in product design, construction, ownership, and exit strategy. Seller is an experienced general contractor and will consider providing horizontal development management and/or turnkey construction services under separate agreement. Conceptual renderings and home plans are for illustrative purposes only and have not been constructed.
34 days
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60
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2
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Zillow last checked:
Listing updated:
Listed by:
Brandon Chasemls@prespro.com,
CEDAR REALTY LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4391537
Source: Canopy MLS as distributed by MLS GRID #4391537Report a problem
3/7/2023
Sold
$25,000
Source: Canopy MLS as distributed by MLS GRID #4000527Report a problem
2/9/2023
Price change
$25,000-66.7%
Source: Canopy MLS as distributed by MLS GRID #4000527Report a problem
12/2/2022
Price change
$75,000-25%
Source: Canopy MLS as distributed by MLS GRID #CAR3860390Report a problem
7/29/2022
Price change
$100,000-20%
Source: Canopy MLS as distributed by MLS GRID #3860390Report a problem
5/24/2022
Listed for sale
$125,000
Source: Canopy MLS as distributed by MLS GRID #3860390Report a problem
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Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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