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Description Open House Details Location Market Trends Schools Recent Sales
$1,600,000 Est. $5,892 / mo.*

4517 Grandale Drive Durham , NC 27713

Courtesy of Nest Realty of the Triangle, Adam J Dickinson.

Description

3 Beds
2 full, 1 half Baths
2,390 Sqft
179,467 Sqft lot
4.12 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1982
Neighborhood: Not In A Subdivision
Days on Website: 123
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.

Open House

Property Details and Features

Building
Building Area Units:
Square Feet
Building Area Total:
2390
Construction Materials:
"Vinyl Siding"
Living Area Units:
Square Feet
Living Area:
2390
Other Structures:
"Barn(s)", "Workshop"
Structure Type:
"House", "Site Built"
Year Built:
1982
Property Access
Road Frontage Type:
"Other"
Appliances & Equipment
Appliances:
"Double Oven", "Electric Cooktop", "Electric Water Heater", "Range Hood", "Self Cleaning Oven", "Washer", "Water Softener"
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Contact an Agent

919 380 8066

Location

$1,600,000 -
4517 Grandale Drive Durham , NC 27713
Subdivision Name: Not in a Subdivision

Street View

Nearby Schools

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