Bought with Non Member Office
$1,340,417
$1,487,500
9.9%For more information regarding the value of a property, please contact us for a free consultation.
116.56 Acres Lot
SOLD DATE : 03/07/2025
Key Details
Sold Price $1,340,417
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 10043543
Sold Date 03/07/25
HOA Y/N No
Originating Board Triangle MLS
Annual Tax Amount $318
Lot Size 116.560 Acres
Acres 116.56
Property Sub-Type Unimproved Land
Property Description
117 acre farm located just outside of Stem in Granville County, NC. First time on the market, this farm has been in the same family for almost 50 years. It is hard to find a farm that offers so many different features, but this property has it all. The farm is located in southwestern Granville County, with easy commute to Durham and the Triangle (less than 10 minutes to I85). It has extensive road frontage (over 2,800 feet), good percable soils, 1 pond, 12 acres of fields, creeks, mature and growing timber. The topography is flat with some rolling hills on the southern end of the property.
Considering the location, soils and road frontage, this farm also has a lot of residential development potential. Or it would be an excellent estate property for someone that wants a large amount of acreage for hunting/recreation, but still easy commute to the Triangle.
The farm has been managed for timber production and contains two excellent stands of timber. The first stand contains 26 acres of 21-year old loblolly pine that has been thinned once and will be ready for second thinning in 2-4 years. The second stand is 70 acres and is located on the southern end of the property. It contains a mature stand of hardwood timber that can be harvested immediate for income. The farm is under Present Use Value for forestry, which provides the owners with reduced property taxes. This program can be assumed by a new owner to continue to save on property taxes.
Location
State NC
County Granville
Zoning AR-40
Direction From Stem, NC: Take Old Hwy 75 towards Durham. Turn right on Range Rd and go 2.7 miles to sign and gate on the right.
Exterior
Utilities Available Electricity Available, Phone Available
View Y/N Yes
Present Use Agricultural,Farm,Hunting,Pasture,Timber
Street Surface Paved
Private Pool No
Building
Lot Description Agricultural, Hardwood Trees, Many Trees, Pasture
Faces From Stem, NC: Take Old Hwy 75 towards Durham. Turn right on Range Rd and go 2.7 miles to sign and gate on the right.
Sewer Septic Needed
Water Need Well
Schools
Elementary Schools Granville - West Oxford
Middle Schools Granville - Butner/Stem Middle
High Schools Granville - Granville Central
Others
Tax ID 2348
Special Listing Condition Standard
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