[WTS] Selling ~1.5 acres vacant, buildable land in North Carolina, USA

[jgarzik]

Build your dream cabin near the river!   Asking $28,000, or the equivalent in bitcoins (~55 BTC as of this writing) for vacant land in Wake County, North Carolina totalling approximately 1.5 acres.

Lot #11 is full of young pine trees.  Used to be a garden, 40 years ago.

This lot is less than 0.5 mi to the Neuse River, and has only a slight slope.

Utilities available: electricity, cable TV, Internet, phone, water (well), septic tank.

Nearby:  Walking distance to Neuse River, Wil-Mar golf course.  Short drive to Knightdale or Raleigh.  Easy access to I-540 highway, which takes you straight to the airport.

Pictures: http://gtf.org/garzik/holly-lake/

Map/GPS addresses: 3329 Holly Lake Trail, Raleigh, NC 27604

[Evan]

Bump.  (next bump if something changes, or a week+ from now)

Title report?

[jgarzik]

Bump.  (next bump if something changes, or a week+ from now)

Title report?

Summary:  Clean title w/ title insurance obtained when I purchased these lots.  Currently there is one associated lien, the mortgage on the collective two lots (one debt, two lots).

Can furnish more details to serious inquirers.

[notig]

Bump.  (next bump if something changes, or a week+ from now)

Title report?

Summary:  Clean title w/ title insurance obtained when I purchased these lots.  Currently there is one associated lien, the mortgage on the collective two lots (one debt, two lots).

Can furnish more details to serious inquirers.

you've been in bitcoin for years don't you have a crapload already ? Lol

[jgarzik]

you've been in bitcoin for years don't you have a crapload already ? Lol

Under 200 bitcoins currently.  I spend mine, and have given away over 15,000 BTC in years past as developer bounties.

This land sale is another example of same:  you create a bitcoin economy when you buy and sell with bitcoins.

[notig]

i've only been involved a couple months but I spent 9 ! . Ideally I would like my paychecks to get automatically converted into bitcoins. Then I would pay everything with them if I could. If it were possible.

[jgarzik]

Some info about the area:

     http://en.wikipedia.org/wiki/Wake_County,_North_Carolina
     http://www.visitraleigh.com/

Wake County is a growing area, a good real estate investment according to some:
http://www.newsobserver.com/2013/02/23/2702528/california-billionaire-bets-on.html

Wake County was one of the areas relatively untouched by the subprime mortgage crisis, and its population continues to grow.

Only ~3 hours to the Atlantic Ocean, by car.

[tkbx]

Only 1166 bitcoins? Hmm, I've probably got that laying around somewhere...

[jgarzik]

Only 1166 bitcoins? Hmm, I've probably got that laying around somewhere...

Due to bitcoin's value volatility, the purchase price is indexed to the US Dollar, and would be converted a couple days before closing/settlement.

So at present market price, $70,000 is more like 953 BTC

[dmus]

How much are property taxes?

[TheButterZone]

How much are property taxes?

.5340 for Wake County http://www.dor.state.nc.us/publications/2012-13_countytaxrates.pdf

[jgarzik]

Answering some questions left by a private inquirer:

Q. Does this include permission to build on the vacant land?  (Apparently in some countries the right-to-build may be separate)

A. In Wake County/NC/USA, a construction permit is required.  The purpose of the permit is an engineering evaluation, to ensure you are building a safe building.  As long as your submitted engineering plans conform to local building codes, you may build as you like, when you like.



Q. Are foreigners permitted to purchase this land?  Are corporations permitted to purchase?

A. Yes and yes.  The county's Register Of Deeds will require a name and mailing address for public records and property taxes.  Property taxes must be paid in USD, not BTC.

[jgarzik]

How much are property taxes?

.5340 for Wake County http://www.dor.state.nc.us/publications/2012-13_countytaxrates.pdf

For the purposes of property tax calculation, these are the assessed values, according to Wake County:

Lot #5: $67,146 (paid $412 for property taxes in current tax year)
Lot #11: $58,900 (paid $361 for property taxes in current tax year)

The tax values are above listing price, and in my opinion, are over-valued.  The property values are re-assessed every few years, but you can always go through a months-long appeals process to "short circuit" that.

[jgarzik]

It has come to my attention that Lot #11 was mispriced, and is actually being sold below cost.

The new price for Lot #11 is $33,000 (or bitcoin equivalent).  The other prices are unchanged.

Snapshot, based on $87.99 current price:

     Both lots ($70,000):  795 BTC
     Lot #5 alone ($45,000):  511 BTC
     Lot #11 alone ($33,000):   375 BTC

[Fiyasko]

Oh this is cool!, I would Love to see Land purchased with bitcoins!, purchasing land is a great feat for anyone!
I can see it now in the online headlines "Man buys acres of land using bitcoins" and then up goes the value of coins!

[TheButterZone]

It has come to my attention that Lot #11 was mispriced, and is actually being sold below cost.

The new price for Lot #11 is $33,000 (or bitcoin equivalent).  The other prices are unchanged.

Snapshot, based on $87.99 current price:

     Both lots ($70,000):  795 BTC
     Lot #5 alone ($45,000):  511 BTC
     Lot #11 alone ($33,000):   375 BTC

$70k=
$45k=
$33k=

for information only

[Qoheleth]

Unfortunately, North Carolina is a bit far afield for me.

But best of luck to you!

[WinVery.com]

Good initiative, good luck.

[homeyhomedawg]

lol, what a small world, I live in wake county
My dad owns 4 houses in wake county and if you provided more information I'm sure he would look into this

[jgarzik]

lol, what a small world, I live in wake county
My dad owns 4 houses in wake county and if you provided more information I'm sure he would look into this

Send a PM, and I'll be happy to provide any additional information needed.