Land for sale

Overview

Great SouthPark Location! Heavily wooded with level rear yard sloping to the street. City water and sewer are available to the property. This property is offered as a teardown and the lot is able to be subdivided into two 0.433 lots as outlined in surveyors report available in MLS attachments. Based on preliminary review by attorney and title company, the Covenants and Restriction have expired and the land can be divided into 2 parcels as now approved by the Charlotte Unified Development Ordnance (UDO). This approval is contingent on the removal of the house and other structures on the existing parcel. At the current listed price, the sellers will escrow from closing proceeds, sufficient funds for demolition and removal of existing structures. The seller is required to maintain the existing house and other structures in place to maintain the sellers IRS capital gains exclusion. Attorney Ralph McMillan with McMillan, Psaroudis and Markey PA. will manage the Escrow account.