3.09 Acres in New Bern, NC - Recorded Right of Way in Place - Great Long Term Investment

- Comps at $10,000 per Acre - Buy for 1/3 of that at $10,000 with $1000 Down or $9000 Cash

3.09 Acres, Residential Property.
New Bern, NC.
Right of Way on Survey so Ready to Build if You Want or
Use as a Long Term Land Investments in a Hot Area!
Comps in the area are at $10,000 per acre.
This property is $10,000 Financed with $1000 down or $9000 Cash!!

PROPERTY DESCRIPTION:

3 acres of wooded property off of Farrow Road in the Tuscarora area.
According to previous Realtor reports, the soil maps show sand in the center of the property that should accommodate an in ground septic system, though this would need to be verified.
There is a recorded 30ft right-of-way to access the property, so it can be used now or it can be purchased as investment and a land banking opportunity for future growth and use!

In either case, local comps are at $10,000 per acre.  Buy this for 1/3 of that with Owner Financing!!
BUY FOR ONLY $10,000 FINANCED with $1000 Down or $9000 CASH!!

Contact us

OWN IT TODAY

FOR $9000 – Comps in the Area are at $10,000 PER ACRE!

Pay 10% Down ($900) Today to Secure the Property.
Use the PayPal Button.

SEE BELOW FOR FINANCING OPTIONS

COMPS IN THE AREA

Quick Facts About New Bern (per BestPlaces.net)

ECONOMY
The unemployment rate in New Bern is 4.3 percent (U.S. avg. is 3.9%). Recent job growth is Positive. York jobs have Increased by .39 percent.
COST OF LIVING
Compared to the rest of the country, New Bern’s cost of living is 15% Lower than the U.S. average.
POPULATION
New Bern’s population is 29,664 people. Since 2000, it has had a population growth of 28.26 percent.
TRANSPORTATION
Average Commute time is 19 minutes. The National Average is 26 minutes.
REAL ESTATE
The median home cost in New Bern is $131,000.  Home appreciation the last 7.14 years has been 6.69%.
SCHOOLS
There are about 15.2 students per teacher in New Bern.

New Bern Housing Market

It’s a good time to buy in New Bern. Home Appreciation is up 5.8% in the last 12 months.

PLAT MAP

New Bern experiences a humid subtropical climate typical of the Atlantic coastal plain. Summers are hot and humid, with frequent afternoon thunderstorms that account for much of the higher summer precipitation. Spring and fall are generally mild, with fall foliage occurring from late October to early November. Winters are relatively mild and drier than the remainder of the year, with infrequent snowfall.

Property Details:

  •   Status:   AVAILABLE
  •   State:  NorthCarolina
  •   County:  Craven
  •   APN (Assessor’s Parcel Number): 9-040-054
  •   Size:  3.09 Acres
  •   Address:  189 Farrow Road, New Bern, NC 28562
  •   Short Legal: ELLIS STATEN TR #9
  •   Zoning:  Residential
  •   Terrain:  Level, wooded.
  •   Road Access:  Platted right of way off paved road.
  •   Electricity: On the street.
  •   Water:  Well Needed.
  •   Sewer:  Septic Needed.

SURVEY

This Property is Located 12 Miles West of Downtown New Bern

OWN IT TODAY

FOR $9000 – Comps in the Area are at $10,000 PER ACRE!

Pay 10% Down ($900) Today to Secure the Property.
Use the PayPal Button.

SEE BELOW FOR FINANCING OPTIONS

Distances (all driving):

Downtown New Bern – 12 Mile
Jacksonville, NC – 32 miles
Topsail Beach – 66 miles
Wilmington – 87 miles
Fayetteville – 110 miles

OWN IT TODAY

FOR $9000 – Comps in the Area are at $10,000 PER ACRE!

Pay 10% Down ($900) Today to Secure the Property.
Use the PayPal Button.

SEE BELOW FOR FINANCING OPTIONS

 

OR FINANCE IT FOR $10,000 (No credit checks)…

Downpayment

$1000

Monthly Payment

$214.11

Term length:

60 months

Total Due Today

$1495

Downpayment

$1500

Monthly Payment

$197.78

Term length:

72 months

Total Due Today

$1995

Downpayment

$2000

Monthly Payment

$196.46

Term length:

54 months

Total Due Today

$2495

Downpayment

$2500

Monthly Payment

$197.50

Term length:

48 months

Total Due Today

$2495

Downpayment

$3000

Monthly Payment

$201.56

Term length:

42 months

Total Due Today

$3495

These prices are before the monthly service charges.  These fees will be an additional $30/month for loan servicing and liability insurance and 1/12 of the yearly tax bill per month (approx. $7.50).  The total due today reflects the down payment as well as the one-time documentation and processing fee of $495.  You may pay off the property at any time without a prepayment penalty.