Key Details
Property Type Vacant Land
Sub Type Farm
Listing Status Active
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 10118785
HOA Y/N No
Annual Tax Amount $5,020
Acres 683.1
Lot Dimensions irregular
Property Sub-Type Farm
Source Doorify MLS
Property Description
The property generates an annual income of $46,500 from existing farm and hunting leases, which can be continued by the new owner. The southern parcel includes mid-aged and mature timber ranging from mature mixed hardwoods in the Swift Creek bottomland to mature and mid-aged pines and hardwoods on the uplands. The timber has not been cruised, but a recent timber inspection estimates an approximate value of $250,000±. The 142 acre pine plantation on the northern parcel can be thinned in approximately eight years, producing another income for the new owner. Additional potential sources of income include sand mining and wetland mitigation on the southern parcel.
The cropland is comprised of loam and sandy-loam soils including Dga, Ro, GoA, NoA, RaA and WaB soil types. Because of the very wet spring, the fields were left fallow, but they will be planted in wheat this September. Access throughout the farm is provided by miles of truck/SUV roads and smaller ATV paths. The property benefits from low property taxes through the Forestry/Agriculture Present Use Value program. This tax status can transfer to the new owner at closing, providing significant property tax savings.
Past timber management activities have created diverse wildlife habitat, including mature hardwood bottomland along Swift Creek, mature upland pine stands, young pine stands with early successional understory, and sloughs that may be suitable for duck hunting.
County water and electricity are located along the road front. Sewer is located about ½ a mile toward Leggett. The farm is located 8 miles to Tarboro and the Kingsboro Mega Site, 15 miles to Rocky Mount and 20 miles to Interstate 95.
Under a hunting lease. From October 1 through January 1. Showings must be set up through the agent and done mid-day during hunting season.
Location
State NC
County Edgecombe
Community Not In A Subdivision
Area 683.1
Zoning AR-30
Interior
Fireplace No
Exterior
Utilities Available Electricity Available
Garage No
Building
Water Need Well
New Construction No
Schools
Elementary Schools Edgecombe County Schools
Middle Schools Edgecombe County Schools
High Schools Edgecombe County Schools
Others
Senior Community No
Tax ID 4812-56-1138, 4811-38-7355
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Nearby Locations
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