800 Salem Woods Dr Suite 101 Raleigh, NC 27615
919-848-2230

Reep Tracts – Lee County, NC

Reep Tracts – Lee County, NC

Residential, Investment, Recreational

Property Information:
Assessed as: The Reep Revocable Living Trust
Michael H Reep & Mark L Reep (Owners)
0 King Farm Rd – no street number assigned
(Adjoins 301 King Farm Rd address)
Sanford, NC 27330
PIN: 9611-14-9612-00 & PIN# 9611-25-0175-00
Deed: DB 1540, PG 662 & DB 1053. PG 204
Plat Cab 3 – PG 361 & 383
Tax Value: $198,300
2022 Taxes: $675.48 PUV program for timber, reduces property taxes, buyer can assume.

Fantastic property with endless uses. Excellent road frontage with land on both sides of the road, offers the opportunity to subdivide or build your estate home with plenty of privacy. Approximately 7 acres on the east side of the road. King Farm Rd is a dead-end road with limited traffic. Rolling topography with mostly upland land. Mobile home is on a one-acre lot that is not a part of the property being sold. Orange flagging marks the approximate boundary line locations along the road frontage.

Excellent timber stands contain mature pine and hardwood sawtimber in two areas. The remaining timber consists of a 30 year old predominantly pine stand that offers the opportunity for immediate income through clearcutting or thinning to manage for future growth. Tract offers excellent logging conditions and significant merchantable timber value could be harvested now.

Directions:
From Jefferson Davis Hwy (US#1) and Carbonton Rd exit, travel west on Carbonton Rd 2.1 Miles to left on Steel Bridge Rd. Go 3.4 Miles to left on Blackstone Rd, then 1.2 Miles to right on King Farm Rd. Continue 0.4 Miles to property on both sides of the road. Property shown by appointment only.

Status

AVAILABLE

Acres

39.57

Price

$320,000

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