Property profile

3 Paddington Way Trent Woods, NC 28562

OFF-MARKET
Land
0.31 ac lot
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Property summary

AI-generated overview

This 0.31-acre commercial land parcel in Trent Woods, North Carolina (APN 8-203-9-003), is zoned for residential use and presents a unique investment opportunity. Located at 3 Paddington Wy, 28562, this property is part of the Village on Canterbury development, featuring 27 lots approved for single-family homes. The asking price is $85,000, translating to approximately $274,193.55 per acre. This development offers a rare chance to build custom homes within an established community. The minimum heated square footage for homes is 1600 square feet. All homes must include natural gas tankless water heaters (or equivalent connection) serviced by Piedmont Natural Gas. Pre-construction HOA dues are $50 per month, billed quarterly. Final HOA dues are to be determined. Note that the tax on vacant land is an estimate based on the current tax value. This property's prime location and potential for new construction make it an attractive investment. The latitude and longitude coordinates are 35.0868689, -77.0813818 respectively.

Property profile

Verified
Property type Land
Lot 0.31 ac (13,504 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3 Paddington Way Trent Woods, NC 28562
Trent Woods metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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