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Chris Pappalardo

Owner | The Chris Pappalardo Team | KW One

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3151 New Bern Ave , Raleigh, NC 27610
$12,000,000
Est. Payment: $26,666.67/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 996
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3235 - 81165
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

This property has been rezoned by the City of Raleigh for CX-12-UG-CU (TOD). The zoning allows for a Residential Commercial mix development from 16 to 20 stories possible. Up to 928 units of condos, apartment and or hotel rooms. The City is underway for the first proposed BRT station at this location on New Bern Avenue. In addition to the 928 units, there is 70k square of office and 20k for commercial uses.
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Highlights

Listed by J.W. Shearin , 919-819-1481 Coldwell Banker HPW , 919-467-1882.

Property Type

Vacant Land
Lot/Acreage
4.89

County

Wake

 Neighborhood

Not in a Subdivision

Listing ID

2538929

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Water:Public

Exterior Features

Lot:Sloped
Lot Dimensions:247 x 650 x 1400 x 271 x 635 x 912
Zoning:CX12
Sewer:Public Sewer
Principal Interest
$26,667
Taxes
$2,001

Home Price

$12,000,000

Loan Details

30 yrs
%

Down Payment

20%
$2,400,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$26,666.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $26,666.67 $2,001.06 $0.00 $28,667.73
Yearly $320,000.00 $24,012.78 $0.00 $344,012.78
Total $9,600,000.00 $720,383.40 $0.00 $10,320,383.40

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Raleigh, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.