$480,000
$480,000
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0.47 Acres Lot
SOLD DATE : 01/14/2021
Key Details
Sold Price $480,000
Property Type Vacant Land
Sub Type Lots/Acres/Farms
Listing Status Sold
Purchase Type For Sale
Subdivision Imperial Point
MLS Listing ID 3671837
Sold Date 01/14/21
Lot Size 0.470 Acres
Acres 0.47
Property Description
Value is in lakefront lot, but dilapidated house is there if you need that for 1031 purposes (to swap a rental).
Contractors say current building has good bones. House is vacant, no power: abandoned for 20 years. Enter at own risk.
No HOA! on this lot and already perc for 4-bedroom, which is rare in this area (most test for 3). Located near the end of a peninsula on Mooresville side of Lake Norman. Within walking distance of Stutt's Marina and on deep water with plenty of room for dock (current one rotted away)
Channel in front of house is beautiful and large
Sellers have extensive permits and documentation from when they nearly built on land. 4bedroom, 8 person perc/septic tank permit approved, larger well approved, etc
HUGE Dock approved! (see attachments). Previously listed without dock approved.
Most lots in area only perc for 3 bedrooms, giving this location huge value. 30k in permitting/risk completed
Also listed as residential house in MLS
Location
State NC
County Iredell
Body of Water Lake Norman
Exterior
Exterior Feature Workshop
Community Features Lake
Waterfront Description Other
Building
Lot Description Lake On Property, Lake Access, Wooded, Water View, Waterfront, Year Round View
Foundation Basement
Sewer Septic Installed
Water Well
Schools
Elementary Schools Lake Norman
Middle Schools Unspecified
High Schools South Iredell
Others
Restrictions Other - See Media/Remarks
Acceptable Financing Cash, Construction Perm Loan, Conventional
Listing Terms Cash, Construction Perm Loan, Conventional
Special Listing Condition None
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Bought with Rosie Burt • J Cash Real Estate
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