Under contract

4517 Grandale Dr, Durham, NC 27713

Beds
3
Baths
3
Sqft
2,390

View property features, location on map, relevant school information and overview from seller's agent.

Listed byNEST Realty - Durham
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Overview

An exceedingly rare 4 acre lot in a great South Durham location with significant development potential, for single family homesites, townhome, or even 3 story mixed use under the proposed LDC and the suggested RX-3 zoning. Under the existing Rural Residential zoning, 4 lots could be created. According to Planning Department Staff, under the current UDO townhome/multifamily development is an option with rezoning. With the LDC, the development potential skyrockets even further. Under such a rezoning, nearby precedent neighborhoods Like Weldon Downs would suggest 25-30 or high-end townhomes with green spaces. Not quite ready to take on such a project yourself? This could be an exceptional land-banking investment, one which you also live on and enjoy for just a few years or 5-10+. Durham's expansion in SoDu is evident all around, and the proximity to Duke, UNC, RDU, RTP, and the planned Childrens Hospital will only become more valuable with time. In the meanwhile Expanding/improving the existing farmhouse, storage barn, and horse facilities is one option, creating a larger estate. Under any option, this is an incredible opportunity for a savvy buyer. Seller is able to be patient during a rezoning/site plan approval, assuming appropriately attractive terms, including hard money down. Note there is no real estate sign on the property. Please do not enter the property without an appointment.

Location

Full feature list

Basic info

Property type
House
Number of bedrooms
3
Number of bathrooms
3
Square feet
2,390
Lot size (acres)
4.12
Year built
1982

Interior features

Basement
Yes
Fireplaces
1
Laundry
Main Level, Laundry Closet

Exterior features

Horse amenities
Stable

Utilities

Heating
Heat Pump, Electric
Cooling
Central Air, Ceiling Fans
Sewer
Septic System
Water
Well

Taxes

Tax Annual Amount (2024)
$5,178.40

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Triangle MLS MLS®#: 10132157 Last checked:

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