919 Pearson 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. 12,140 sq ft lot (0.28 acres). Zoned R-5. Flood zone: No. Water/sewer hook-up: Yes. Program restrictions:  Buyer Income & Homeowner Requirements (80% AMI)  Ole Asheboro Redevelopment Plan  Design Approval from the State Historic Preservation Office (SHPO). Staff comments: The Acquired by the city 2010-10-22 for $13,000 (acquisition cost, not an asking price). Per the upset bid process, the price of the land will be determined based upon fair market value according to an official appraisers estimate. See the official "Lots of Opportunity" portal and the property flyer 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

12,139.86 sq ft

Acres

0.28 acres

Zoning

R-5

Neighborhood

Ole Asheboro

Tax ID

0002833

Legal description

3

ZIP

27402

Official listing

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

Official document

gis.greensboro-nc.gov/gisimages/AvailProperties/919PearsonSt.pdf ↗

Street address

919 Pearson St.

Deed book / page

007174 / 02533

Acquisition cost (not a price)

$13,000

Acquisition date

Oct 21, 2010

Additional restrictions

 Buyer Income & Homeowner Requirements (80% AMI)  Ole Asheboro Redevelopment Plan  Design Approval from the State Historic Preservation Office (SHPO)

Architectural guidelines

Yes

City assistance

N/A

Condemned

No

Current use

Vacant

Flood zone

No

Funding source

CDBG

Mowable sq ft

1,657 sq ft

Neighborhood association

Ole Asheboro Neighborhood Association (OASNA)

Opportunity zone

Yes

Owner agency

City Owned Property

Restrictions

Yes

Sale process

Per the upset bid process, the price of the land will be determined based upon fair market value according to an official appraisers estimate.

Staff comments

The

Water sewer hookup

Yes

Zoning description

R-5, Residential – Single-Family