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$3,073,950
Est. payment /mo
683.1 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Farm
Listing Status Active
Purchase Type For Sale
Subdivision Not In Subdivision
MLS Listing ID 100528037
Lot Size 683.100 Acres
Acres 683.1
Property Sub-Type Farm
Source Hive MLS
Property Description
683.1 acre farm for sale outside of Leggett in Edgecombe County. The property includes two tax parcels (278.8 and 404.3 acres) spanning both sides of Highway 33. The two parcels are also available separately, see MLS 100549215 and 100549377. The farm features 241 acres of cropland, 142 acres of 2019 loblolly pine plantation, 297 acres of mid-aged and mature timber, 6,190 feet of frontage along Highway 33 and 7,600 feet of frontage along Swift Creek.
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 near by.
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 near by.
Location
State NC
County Edgecombe
Community Not In Subdivision
Zoning AR-30
Direction From Leggett: Go northwest on NC Highway 33 for 1.2 miles to the property.
Rooms
Other Rooms Barn(s)
Exterior
Waterfront Description None
Schools
Elementary Schools Coker-Wimberley
High Schools North Edgecombe
Others
Tax ID 4812-56-1138, 4811-38-7355
Special Listing Condition Standard
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Listed by Carolina Forestry & Realty
Nearby Locations
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Sherri Mayes
Broker In Charge | License ID: 214350
Broker In Charge License ID: 214350