North Carolina Land for Sale

Warren Mill Road Farm

38 to 387 Acres, Sampson County, NC

under contract

Description

387 acre farm for sale in northern Sampson County, North Carolina. The farm is located three miles outside of Newton Grove and is being offered as a whole, and in two smaller tracts (38 and 58 acres) as detailed below. The farm features 163 acres of cropland rented for $11,000/year, 203 acres of well-managed loblolly pine plantation, 16,000 feet of state road and highway frontage and two older houses sold as-is.

The cropland is mostly productive Norfolk and Rains soils and will be planted in cotton this year. The home on Oak Grove Road is rented to farm works for $2,500/year.

The timber has been managed by a professional forester and includes three stands ranging from 12 to 15 years old. Much of the acreage has been bedded. The new buyer can capitalize on continued cash flows from thinnings and clearcuts, starting in 1-2 years.

Entire Property Features

  • Status: under contract
  • 387 acres by survey
  • Offered as a whole, or in three tracts (see below)
  • 163 acres of cropland rented at $11,000/year
  • 203 acres of managed loblolly pine plantation
  • 4 acres of hardwood bottomland
  • 2 acres in two old homesites
  • 2 acres is miscellaneous open land
  • 16,000 feet of state road and highway frontage
  • Two older houses in need of repair, sold as-is
  • House on Oak Grove Road rented for $2,500/year
  • Two recently inspected wells and septic systems
  • Primarily Norfolk and Rains sandy-loam soils
  • Low PUV taxation
  • Trailer and metal building do not convey

Block A Features

  • Status: under contract
  • Price: $175,000
  • 58± acres, will require a new survey
  • 10 acres of cropland
  • Remainder 2006/2008 loblolly pine plantation
  • 2,190 feet of frontage on Oak Grove Church Road
  • Old home, sold as-is

Block B Features

  • Status: under contract
  • Price: $150,000
  • 37.5± acres, will require a new survey
  • Forested with 2005 loblolly pine plantation
  • Timber can be thinned/clearcut in 1-2 years
  • 1,750 feet of frontage on Oak Grove Church Road
  • Borders small creek on western boundary

Timber Stands

The woodland has been actively managed by a professional forester and will offer the new owner income through thinnings and clearcuts. The farm contains approximately 203 acres of managed pine plantation, most of it KG'd, piled and bedded. The 2005 and 2006 stands were release-sprayed in 2006 and should be ready for a first-thinning in 1-2 years. 11 acres were replanted after a fire in 2008.

  • 2005 loblolly pine plantation, release spray in 2006, 89 acres
  • 2006 loblolly pine plantation, release spray in 2006, 60 acres
  • 2008 loblolly pine plantation, 40 acres

Distances

  • 3 miles to Newton Grove and Interstate 40
  • 15 miles to Benson
  • 15 miles to Clinton
  • 30 miles to Fayetteville
  • 42 miles to Raleigh

Directions

From Newton Grove: Go southwest on Highway 13 for 2.6 miles. Turn left on Warren Mill Road. The property is 0.5 miles ahead.

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Uses

Farming, timber management, hunting, recreation, homesites

Coordinates

35.212243, -78.393314

Price

$1,550,000 for the entire farm. Prices for smaller blocks, see above

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Disclaimer: Information taken from reliable sources and thought to be correct. Potential buyers should perform their own due diligence and verify all information.