Property Details

13+ Acres - Walking Distance to Downtown Louisburg, NC

September 16, 2020

NC 56 HWY - LOUISBURG, NC 27549

Lucky Dog Price: $59,000

Market Value: $110,600

Savings of 47%!!

Acreage Zoning Flood Zone Utilities Survey Perc Test Access
13.74 Acres Agricultural-Residential (A-R) Partial, see below City Water, Sewer, & Electric Yes No Private Road

If you are looking for a property in North Carolina, this lovely, large expanse of 13.74 acres just outside of town simply cannot be beat. The generous local zoning here allows for single-family homes, farms, family-care homes, and other uses by permission such as bed and breakfasts, public or private schools, colleges, funeral homes, country clubs, meeting halls, medical clinics, and other similar ventures. The versatility of this lot is superb. The lot is vibrant and attractive, mostly level, partially wooded, and even has a picturesque creek nearby that is just a short walk from the edge of the property—Fox Creek, where fishing and camping are popular activities.

This property is landlocked with no current easement in place. The majority of this property is in a 1% Annual Flood Hazard, however there are approximately 1.1 acres with no Flood Hazard. Approximate estimates below. Buyer to verify before purchase. The property is located on a private road owned by the City of Louisburg.

○ 1.1 Acres = No Flood Hazard

○ 1.9 Acres = 0.2% Annual Flood Hazard

○ 10.74 Acres = 1% Annual Flood Hazard

Located in the heart of historic Franklin County (named after none other than Benjamin Franklin), Louisburg is a small, sparsely-populated suburban town with all the charm of country life coupled with the added convenience of being close to the state’s capital, Raleigh, and its surrounding metro area. As a residence, Louisburg has much to recommend it. It’s a diverse and youthful town with good schools, low crime, and great employment and entertainment opportunities to be found within the Raleigh metro area. Raleigh is less than 30 miles away, as is the big city of Durham, another popular destination that is particularly known for its technology companies and scholarly institutions. Louisburg itself also has a wealth of interesting sites to explore and enjoy, such as Laurel Mill, a landmark that attracts history buffs, artists, and nature and recreational enthusiasts. Another great spot is Perry’s Mill Pond, a popular fishing and boating site that has been around since the Declaration of Independence. For nature and wildlife lovers, the fun and quirky Alpaca Dreams Alpaca Farm is an experience not to be missed. And speaking of not-to-be-missed, there is also Johnny’s Barbecue, a legendary foodie destination that people have been flocking to for generations. Any North Carolinian will tell you, you haven’t had barbecue until you’ve had Johnny’s.

Optional Seller Financing with down payment of $30,000. No credit check. Property sold at retail market value ($110,600), if seller financed. Payments start as low as $798 for 360 months. Other payment options available. No pre-payment penalty. Notes are held at 11.5% annual interest. Seller financing options require a $9.95/mo. note service fee. A one-time $299 document fee applies to all cash and financing sales.

Site Address: NC 56 Hwy - Louisburg, NC 27549 (see directions below)

GPS Directions: This is NOT the address of the property, but a neighboring lot and should only be used for directional purpose. Enter "240 NC-56, Louisburg, NC 27549". The property is south of this address on Odell Clemmons Way/Waste Treatment Plant Rd. This address/property is not related to this listing in any way. Please do not disturb any neighbors.

County: Franklin County, North Carolina

Parcel Size: 13.74

Approximate Lot Dimensions: 1,160 x 615 x 930 x 590 ft.

APN/Parcel #: 017974

Zoned: Agricultural-Residential (A-R)

Zoning Uses: Single-Family homes, farms, family care homes, duplexes. Other uses such as bed and breakfast, public or private schools, colleges, funeral homes, country clubs, meeting halls, medical clinics are allowed with permission from the Zoning Board of Adjustments.

Center GPS Coordinates: 36.09443624679981; -78.28929949802483

Electric: At lot line

Water: City water available. Water line would run to be run from HWY 56 or Tanglewood Dr.

Sewer: City sewer available. Sewer line would need to tie into Tanglewood Dr.

Percolation Test: None on record

Annual Taxes: $66.65

Elevation: 190 ft.

Property Access: The property is located on a private road owned by the City of Louisburg.

Road Frontage: 630 ft. of private road owned by the City of Louisburg

Flood Zone: Yes, partial. Approximate estimates below. Buyer to verify before purchase.

○ 1.1 Acres = No Flood Hazard

○ 1.9 Acres = 0.2% Annual Flood Hazard

○ 10.74 Acres = 1% Annual Flood Hazard

Survey: Available - click here.

HOA: None

Building Restrictions: None

Elementary School: Louisburg Elementary School

Middle School: Terrell Lane Middle School

High School: Louisburg High School

Buyers Agent Commission Offered: 3%

Title Provided: Warranty Deed w/ Title Insurance

Closing Costs: Buyer pays all closing costs, including a one-time doc fee of $299. Any down payment or funds received are NON-REFUNDABLE.

Directions:

GPS Directions: This is NOT the address of the property, but a neighboring lot and should only be used for directional purpose. Enter "240 NC-56, Louisburg, NC 27549". The property is south of this address on Odell Clemmons Way/Waste Treatment Plant Rd. This address/property is not related to this listing in any way. Please do not disturb any neighbors.

From S Bickett Blvd/Louisburg Rd: Turn East onto NC-56 E/NC-581 S/E Nash St. Continue to follow NC-56 E/NC-581 S for 0.4 miles. Turn right onto Odell Clemmons Way/Waste Treatment Plant Rd. The beginning of the property starts 650 feet in (GPS coordinates 36.095505, -78.287638) on the right-hand side of the road and ends at 1,280 feet (GPS coordinates 36.093799, -78.287633). There is 630 feet of road frontage.

This property may be in escrow with the registered owner and being pre-marketed under the agreed upon purchase terms. Property will be transferred with Warranty Deed and title insurance. Buyer to pay all closing costs. Any down payment or funds received are NON-REFUNDABLE. Lucky Dog Land Deals is a national real estate investment company and in most cases we have not viewed the property in person. All of the information for this property that we are aware of has been disclosed within the listing details on our website. Please direct any additional questions regarding this property to the associated city/county governmental agency. Buyer is responsible for performing their own due diligence to verify all information is accurate and to be sure the property fits their current needs.

Terms and Conditions

Seller financing options require a $9.95/mo note service fee. Seller financing is only available with a full asking price offer. Any down payment or funds received are NON-REFUNDABLE. We are a national real estate investment company and in most cases we have not viewed the property in person. All of the information for this property that we are aware of has been disclosed within the listing details on our website. Please direct any additional questions regarding this property to the associated city/county governmental agency. Buyer is responsible for performing their own due diligence to verify all information is accurate and to be sure the property fits their needs. This property may still be in the process of closing with the previous owner and the deed will be transferred into our name shortly. In the meantime, this property is being pre-marketed with the permission of the previous owner. This property is guaranteed to be sold with a Warranty Deed and full title insurance.

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