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6715 Canetuck Road
Currie, NC 28435
The Harold Chappell Team with NextHome Cape Fear, original listing - (910) 256-3528
$1,380,000
Conventional
Property
Bedroom
3
Bathroom
Full: 1, ½: 1
Property Type
Conventional
Square ft
--
Property Description
Amazing opportunity to own a mostly undeveloped and wooded property in rural Pender Co! This property is 69 acres with the majority being old growth trees. There is a 1901 farmhouse on the land with good bones but needs some renovation. House is 2 stories with 2-3 bedrooms and 1.5 baths. Has original stove in the kitchen. No a/c or heat source except fireplace. Does have electricity and water/sewer (no record of permit for water/sewer). House is very private and cannot be seen from the road. Most people may not even know it exists. Home is great though the value is in the land. There is even an in-ground pool in the back yard! House was damaged during Florence but did not flood. Open barn and former saw mill remnants on property. Also a pasture. At one point, the property had a federal farm ID and had livestock. The remains of the original plantation and a small cemetery are also on land per seller but are currently inaccessible due to overgrowth. Seller has said there is good hunting on the land and that the pond in the pasture has good fish. Imagine the possibilities of what you can do with this opportunity to own these 69 acres!
Property Information
Lot Size
69 acre(s) square ft
Property Type
Land-Other
Year Built
1901
MLS Number
--
Location
Address
6715 Canetuck Road
City
Currie
State
NC
Zip Code
28435
County
PENDER
Listing
Name
Phone
(910) 512-1948
Office Name
Office Phone
(910) 256-3528
Agent Name
The Harold Chappell Team
Agency Phone
(910) 256-3528

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.