Technical
Financial
Distress signals
Property profile

105 Chowan Shores Dr Colerain, NC 27924

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 0-acre lot, located at 105 Chowan Shores Drive in Colerain, North Carolina, presents a unique opportunity for building a custom home. Situated in Bertie County, zip code 27924, this property offers a tranquil country setting while remaining conveniently located less than 30 minutes from Edenton and Windsor. The lot's dimensions are approximately 95 x 15.11 x 223.12 x 110 x 225, providing ample space for a substantial residence. Local regulations require a minimum of 1500 square feet for new construction, and modular, double-wide, or single-wide homes are not permitted. This ensures a cohesive and high-quality neighborhood aesthetic. The asking price for this lot is $9,999. Note that the seller is offering a reduced price for the purchase of multiple lots; they own 27 lots in total (8 in Taylors Landing and 19 in Chowan Shores) and are willing to negotiate a bulk sale. This presents a compelling investment opportunity for those seeking to develop multiple properties in this desirable location. The property's coordinates are 36.195232 latitude and -76.761073 longitude.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

105 Chowan Shores Dr Colerain, NC 27924
Colerain 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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