532 Douglas St., Greensboro, NC

Listing description

What the seller provided

Vacant — city-owned property in Greensboro, NC (Ole Asheboro), offered for sale to the public by the City Owned Property. 48,590 sq ft lot (1.12 acres). Zoned TN. Subject to RFP Process. Acquired by the city 2019-07-29 for $30,000 (acquisition cost, not an asking price). The city sets the price by program and property. See the official "Lots of Opportunity" portal to apply to purchase.

How this sale works

Land bank or city-owned property sale

A public land bank or city agency is disposing of property it already holds, usually acquired through tax foreclosure. Prices are set or negotiated rather than auctioned.

• Many programs sell by application or fixed price and may require a rehab plan, owner-occupancy or a deadline to build.
• Title is generally cleared by the land bank, which is a major advantage over a tax sale.
• Expect program eligibility rules, and sometimes a preference for neighbors, nonprofits or first-time buyers.

How to buy government surplus land and lots →

General information, not legal advice. The official sale notice controls.

Research this property

Look it up before you bid

The public notice gives an address and a date. These outside tools fill in what it does not.

Record details

Lot size

48,590 sq ft

Acres

1.12 acres

Zoning

TN

Neighborhood

Ole Asheboro

Tax ID

2848

Legal description

532 DOUGLAS ST

Official listing

data.greensboro-nc.gov/datasets/available-properties ↗

Street address

532 Douglas St.

Deed book / page

4022 / 422

Acquisition cost (not a price)

$30,000

Acquisition date

Jul 28, 2019

Condemned

No

Current use

Vacant

Funding source

CDBG

Mowable sq ft

48,590 sq ft

Owner agency

City Owned Property

Restrictions

Yes

Sale terms

Subject to RFP Process