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Property profile & analytics
OFF-MARKET
Land

500 Pond Creek Rd Luverne, AL 36049

10 ac lot
Property ID
Property summary
AI-generated overview

Own a piece of Alabama countryside with this exceptional 10-acre residential lot located just minutes from Luverne. Priced affordably at $50,000, this property offers a unique blend of rural tranquility and convenient access to urban amenities. The land boasts approximately 350 feet of road frontage and extends approximately 1000 feet in depth, providing ample space for building a home, cabin, or RV campsite. Currently featuring five-year-old planted pines, easily removed with readily available mulching services, the land presents several ideal building sites. Utilities, including power and water, are conveniently accessible along Pond Creek Road, and annual property taxes are estimated at around $25. Enjoy the freedom to raise farm animals such as cows, horses, or chickens, subject to the zoning restrictions detailed below. The property is situated in a prime hunting location, known for its healthy deer and turkey populations. Zoning restrictions limit the property to a maximum of two dwellings per 10 acres, prohibit mobile home parks, and exclude commercial chicken houses. Precise location: Section 8, Township 9 North, Range 18 East, Latitude 31.7719, Longitude -86.2831. Access is via 300 Pond Creek Rd, Luverne, AL 36049. From the Luverne traffic light, travel 4.7 miles north on Hwy 331, turn right onto Pond Creek Rd, and proceed 0.6 miles; the property will be on your right.

Property profile
Verified
Property type Land
Lot 10 ac (435,600 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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