4517 Grandale Drive, Durham, NC 27713
4517 Grandale Drive, Durham, NC 27713
4517 Grandale Drive, Durham, NC 27713
4517 Grandale Drive, Durham, NC 27713
4517 Grandale Drive, Durham, NC 27713
4517 Grandale Drive, Durham, NC 27713
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Listed by Nest Realty of the Triangle
$ 1,600,000
Est. payment | /mo

3 Beds

3 Baths

2,390 SqFt


Save
$ 1,600,000
Est. payment | /mo
Save

3 Beds

3 Baths

2,390 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,390 sqft

Price per Sqft $669

Subdivision Not In A Subdivision

MLS Listing ID 10132157

Style House,Site Built

Bedrooms 3

Full Baths 2

Half Baths 1

HOA Y/N No

Abv Grd Liv Area 2,390

Year Built 1982

Annual Tax Amount $5,178

Lot Size 4.120 Acres

Acres 4.12

Property Sub-Type Single Family Residence

Source Triangle MLS

Property Description

An exceedingly rare 4 acre lot in a great South Durham location with significant development potential, for single family homesites, townhome, or even 3 story mixed use under the proposed LDC and the suggested RX-3 zoning. Under the existing Rural Residential zoning, 4 lots could be created. According to Planning Department Staff, under the current UDO townhome/multifamily development is an option with rezoning. With the LDC, the development potential skyrockets even further. Under such a rezoning, nearby precedent neighborhoods Like Weldon Downs would suggest 25-30 or high-end townhomes with green spaces. Not quite ready to take on such a project yourself? This could be an exceptional land-banking investment, one which you also live on and enjoy for just a few years or 5-10+. Durham's expansion in SoDu is evident all around, and the proximity to Duke, UNC, RDU, RTP, and the planned Childrens Hospital will only become more valuable with time. In the meanwhile Expanding/improving the existing farmhouse, storage barn, and horse facilities is one option, creating a larger estate. Under any option, this is an incredible opportunity for a savvy buyer. Seller is able to be patient during a rezoning/site plan approval, assuming appropriately attractive terms, including hard money down. Note there is no real estate sign on the property. Please do not enter the property without an appointment.

Location

State NC

County Durham

Direction I-40 to NC-54 to Barbee Rd in Durham. Continue on Barbee Rd to Grandale Dr. Left on Grandale Dr.; Left on Clermont;

Rooms

Other Rooms Primary Bedroom: 13.1 x 12.9 (Main)
Bedroom 2: 15.5 x 13.6 (Second)
Bedroom 3: 16.9 x 13.6 (Second)
Dining Room: 15 x 10.6 (Main)
Family Room: 13.3 x 17.3 (Main)
Kitchen: 11.3 x 10.3 (Main)
Laundry: 3.5 x 5.5 (Main)

Basement Crawl Space

Primary Bedroom Level Main

Interior

Interior Features Ceiling Fan(s), High Ceilings, Kitchen/Dining Room Combination, Shower Only, Tile Counters

Heating Electric, Heat Pump

Cooling Central Air

Flooring Hardwood

Fireplaces Number 1

Fireplaces Type Fireplace Screen, Living Room, Masonry, Wood Burning

Fireplace Yes

Window Features Insulated Windows

Appliance Double Oven, Electric Cooktop, Electric Water Heater, Range Hood, Self Cleaning Oven, Washer, Water Softener

Laundry Laundry Closet, Main Level

Exterior

Exterior Feature Fenced Yard, Gas Grill, Rain Gutters

Fence Invisible

Utilities Available Electricity Connected, Natural Gas Connected, Septic Connected, Water Connected

View Y/N Yes

Roof Type Shingle

Porch Covered, Deck, Porch

Garage No

Private Pool No

Building

Lot Description Farm, Pasture, Secluded

Faces I-40 to NC-54 to Barbee Rd in Durham. Continue on Barbee Rd to Grandale Dr. Left on Grandale Dr.; Left on Clermont;

Foundation Block

Sewer Septic Tank

Water Well

Architectural Style Traditional

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Durham - Parkwood

Middle Schools Durham - Lowes Grove

High Schools Durham - Hillside

Others

Senior Community No

Tax ID 152013

Special Listing Condition Standard

Doorify MLS / Triangle MLS

Schools and Properties Nearby

Bill Nagel

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(919) 434-6923

bill@bliss-realestate.com

115 Dry Ave, Cary, NC, 27511, USA

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4517 Grandale Drive