Property profile

24 24 Paddington Trent Woods, NC 28562

OFF-MARKET
Land
0.19 ac lot
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Property summary

AI-generated overview

This exceptional 0.19-acre commercial land parcel, located at 24 Paddington in Trent Woods, North Carolina (APN 8-203-9-024), presents a unique investment opportunity. Zoned for residential development, this lot is part of the Village on Canterbury, a new development featuring 27 building lots approved for single-family homes. The property boasts a desirable backyard pond view and is situated within an established community, offering "Front Porch Living" in the heart of Trent Woods. The lot is subject to minimum building requirements of 1600 heated square feet. All homes in the development are mandated to include natural gas tankless water heaters (or equivalent connection) serviced by Piedmont Natural Gas. Pre-construction HOA dues are $50 per month, billed quarterly, with final HOA dues to be determined. The asking price is $87,000, translating to approximately $457,894.74 per acre. Annual property taxes are estimates based on the current vacant land tax value. This property offers a rare chance to build custom homes in a sought-after location. The zip code is 28562. Information on construct-to-perm loan options and a list of approved builders is available.

Property profile

Verified
Property type Land
Lot 0.19 ac (8,276 SF)

Cap rate & NOI

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

Location

24 24 Paddington 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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