Sam Young Road Tracts

Description

Located about 1 hour north of Raleigh, these four tracts include a 10-acre pond (Tract 1), mature timber, paved road frontage and perkable soils. Each tract has frontage along Sam Young Road. The properties contain perkable soils (soil report available) and are suitable for home sites. These tracts contains mature timber and offer immediate timber revenue and/or long-term appreciation. The town of Oxford is 10 minutes to the south. Owner may finance with acceptable terms. Outside boundary has been completed; interior lines have not been surveyed yet. For sale by broker/owner.

Parcel Information*

Tract #	Size (ac)	Rd Front(ft)	Open(ac)	Wooded(ac)	Price	Status
1	52	1,381	2.5	49.5	$275,000	sold
2	41	617	1	40	$139,000	sold
3	28	851	0	28	$99,000	available
4	17	838	0	17	$69,000	under contract

*All measurements are approximate and subject to a final survey

Directions

From Oxford: Take Highway 15 north 6.4 miles and turn left on Sam Young Road (SR 1427). The property starts 1/4 mile on the right. Refer to the aerial photo for the location of each tract.

Uses

Home sites, forestry, investment, hunting and recreation

 

Property Photographs and Information
(click thumbnails to view full size images)

Tract 1 - 52 acres, $275,000 sold

A 10-acre pond sits in the middle of this wooded tract. The property contains roughly $43,000 of timber, four useable old barns and dirt roads throughout the property. The pond is under a management plan and is set to be sprayed for weed control in the Spring of 2009. The property contains plenty of perkable soils and nice building sites overlooking the pond. The land includes 2.5 acres of open land with an additional 2.5 acres of old field with young pines. The pond contains bass and pan fish. The property is suitable for deer, turkey and duck hunting.

 

Tract 2 - 41 acres, $139,000

This tract contains roughly $40,000 of mature timber, and a 5 acre old pasture that has been reclaimed by chipping. A small drain surrounded by hardwood trees meanders through the property. This tract is good deer and turkey hunting and offers immediate income through a timber harvest. The property has 617 feet of frontage along Sam Young Road. The old pasture can be used for grazing or farming (with cleanup) and would make a nice home site.

 

Tract 3 - 28 acres, $99,000

Tract 3 is a combination of young timber (old field), mature timber and a fast growing 10 year old pine plantation. The property has a dirt road along much of the eastern boundary and can be used for timber management, hunting and a homesite.

 

Tract 4 - 17 acres, $69,000

This tract has an old home site and a small clearing along Sam Young Road. The property has an old field with young pines and 12 acres of mid-aged pine timber worth roughly $20,000. The timber could be harvested now, or left to continue growing. The property has perkable soils at the old home site and also in the back of the tract.