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Property Details:

Address: 1320 Boone St Charlotte, NC 28216
GPS: 35.25515, -80.85321
Exact Map Location: –> https://maps.app.goo.gl/kc3DyL6NwgbGmPUx8

APN: 075-077-36
Acres: 0.15
Square Feet: 6,534
Zoning: N2-B
Single Family House: Yes
Duplex: Yes
Mobile Homes: No
Road Access: Paved
City Water or Well: City WATER is available with a 65’ extension
City Sewer or Septic: City SEWER is available, just pay taps.
Power Available: Yes. BUYER to verify.
Topography: Gentle slope
Land Surface: Trees

Land nearby is selling for about $1M per acre with a median price of $175,000 for similarly sized lots, and my estimated land value for this property (median $ per acre x property acreage) = $152,919. I am offering a significant discount to account for a short, 65-foot water line extension expense.

I see a lot of new construction in this area of both single family homes and townhomes.

The closest two new construction Single Family Home sales were both over $1M:

I ran some comps of what’s selling close by and have included that below. SFRs are selling around a median price of $760k and $306 per SF, and townhomes are selling around a median price of $389k and $237 per SF. See comp tables below.

I’ve got a 2026 survey in hand (Full survey can be emailed upon request. Just ask.)

There’s a permanent stormwater easement through the front right corner which must be avoided, and this is visible on the survey. The driveway should be located along the left side of the lot frontage where there is 20’ of width for the entrance. See survey. (Full survey can be emailed upon request. Just ask.)

This lot is around 49.4’ wide in the middle with a 39.4’ wide building envelope at the point where the utility easement is no longer in the way, and in N2-B zoning (which is treated like N1-E for residential uses) it should be good for a single family house or a duplex. I asked my surveyor if he could think of any reasons this lot would not work for an SFR or duplex and he said no it should work just fine for either. The duplex units would each need to be around 19.5’ wide maximum in order to fit inside 39.4’ of total width.

Sewer is right there in front of the lot and water is only about 65 feet away. A short 2” water line extension can be done right away as a Donated Project, or you can wait for the City of Charlotte to do it for free in about 2+ years (this request has already been submitted). Since the water line is only about 65 feet away, I estimate this small extension might cost about $10k-20k. Because of this, I’ve discounted the price by far more than this amount compared to the estimated value.

Price: $110,000

Private seller financing is available:

Disclaimer

Buyer shall rely solely on their own research to inform their purchasing decisions regarding this property. All images and text found on this web listing are for conceptual and illustrative purposes only. Seller makes no guarantees, warranties, or representations about the land, its condition, what can be done on the property, or what can be built on the property.