TBD NC 96 Highway, Franklinton, NC 27525 – 2501506

Listed by TMM Real Estate, LLC
Bought with Carolina Forestry

$1,300,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment -/mo

SOLD DATE : 04/25/2023

Key Details

Sold Price $1,300,000

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Sold

Purchase Type For Sale

Subdivision Not In A Subdivision

MLS Listing ID 2501506

Sold Date 04/25/23

Originating Board Triangle MLS

Property Description

Prime timber investment opportunity. Recently thinned in 2022. Approximately 25+/- acres still needs to be thinned. This tract has substantial timber value now and will increase significantly in the future. Timber consists primarily of 25 – 35 year old pine. There are stands of hardwood, including bottomland hardwoods along the streams and upland oak stands. There are scattered stands of significantly older timber as well. All of this timber will increase significantly in value over the next 10+ years as more of it grows into larger sawtimber size class.

Location

State NC

County Granville

Direction From Hwy 56 and Hwy 96 intersection, go north 1.1 miles to property beginning on right, adjacent to Banks United Methodist Church 2632 Hwy 96. Continue 0.3 miles further to a gated entrance.

Exterior

Utilities Available Electricity Available, Phone Available

Present Use Vacant

Street Surface Paved

Private Pool No

Building

Lot Description Flood Plains, Level, Rolling Slope, Sloped

Faces From Hwy 56 and Hwy 96 intersection, go north 1.1 miles to property beginning on right, adjacent to Banks United Methodist Church 2632 Hwy 96. Continue 0.3 miles further to a gated entrance.

Sewer Septic Needed

Water Need Well