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USANCDurhamNorthwood Forest5500 Novaglen Rd
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$945,000

5500 Novaglen Rd, Durham, NC

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Unimproved Land
Levels Land
Size -
Garage No
Taxes $28
Days Active 2
Lot Size 
Approx. Age 
MLS® Number 10119287

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment opportunity in Durham, NC! This +/-10 lot subdivision proivdes by-right development for single-family well and septic lots in Durham County, NC on approximately 20 acres. Novaglen Road will need to be extended with an estimated cost of $425, 000. This offers residential developers a unique opportunity in a rapidly growing North Durham submarket with a strong demand for large-lot residential homes. This property allows for devleopers and homebuilders to capitalize on an incredibly strong residential sales market fueled by a lack of re-sale supply and a general lack of large lot single-family homes. Resale volume for existing product within nearby Treybutn has been strong with 34 sales in the last 12 months at prices up to $1, 025, 000. Overall new constructionhas been limited due to lack of supply, however, The View which recently delivered, has over a dozen sales in the last 12 months with prices averaging over $700, 000.Show Description
MLS® Number10119287
Laundry Level
Central VacNo
FireplaceNo
Acreage19.74
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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