Property profile

38 Chatham Glen Dr Durham, NC 27713

FOR SALE
Land
Property ID
US53-1935170
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Property summary

AI-generated overview

Highly sought after South Durham land offering of just under 28 acres in an established and desirable location. 38 Chatham Glen Dr. presents a unique opportunity for a multigenerational estate, private retreat, or future development, all subject to zoning, design, and governmental approvals. The property provides the scale to envision a main residence with an accessory dwelling unit, as well as potential subdivision or development. All density, lot count, layout, access, utilities, and feasibility are subject to buyer due diligence, surveys, soil testing, zoning verification, and all required approvals. Predominantly wooded, the land offers privacy and a natural setting while remaining convenient to South Durham shopping, dining, major roadways, and employment centers. Large acreage parcels of this size are increasingly uncommon in this location. No representations are made regarding subdivision yield, development potential, utility availability, or suitability for any specific use. Buyers to verify zoning, permitted uses, access, utilities, environmental conditions, and all matters material to intended use.. Land includes existing uninhabitable residential structure. An exceptional South Durham opportunity offering long term flexibility, privacy, and proximity for a legacy estate or future development. Downtown Durham Approximately 11 to 12 miles About 20 to 25 minutes This listing includes 3 lots: Parcel ID/Tax ID 0019890 Acreage: 22.61 Address 38 Chatham Glen Dr, Durham NC 27713 Alternate Parcel ID 0726-00-22-2454 (legal description) Parcel ID/Tax ID 0063793 Acreage: 1.89 Address O Kelly Chapel Rd NC Alternate Parcel ID 0726-00-12-7498 (legal description) Parcel ID/Tax ID 073282 Acreage: 3.385 Address O Kelly Chapel Rd NC Alternate Parcel ID 0726-00-23-9549 (legal description) The seller is not aware of any recorded utility easements, shared driveways, party walls, encroachments, or other land use restrictions affecting the property beyond those that may be of record. The property does adjoin a private road or street. There is no known owners' association or formal maintenance agreement governing the private road. Maintenance has historically been handled informally by neighboring property owners, though the seller does not have documentation outlining specific terms or responsibilities. Per SELLER DISCLOSURE RPODS Section E Explanation E6: The seller is not aware of a formal agreement. Neighboring property owners have historically handled maintenance of the private road. All information is from sources deemed reliable but has not been independently verified by the listing firm. Buyer to verify zoning, utilities, environmental constraints, acreage, and development feasibility. No representations are made regarding subdivision approval, lot yield, or permitted density.

Property profile

Verified
Property type Land
UPID US53-1935170

Cap rate & NOI

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

Location

38 Chatham Glen Dr Durham, NC 27713
Durham 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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