1303 Lombardy St., Greensboro, NC

Listing description

What the seller provided

Vacant — city-owned property in Greensboro, NC (Phillips/Lombardy), offered for sale to the public by the City Owned Property. 9,043 sq ft lot (0.23 acres). Zoned R-5 (R5, Residential – Single-Family). Flood zone: No. Water/sewer hook-up: Yes. Program restrictions: Buyer Income & Homeowner Requirements (80% AMI); Phillips-Lombardy Redevelopment Plan. Staff comments: Desired development on this site would be residential in nature, per the Redevelopment Plan. The Concerned Citizens of Northeast Greensboro would appreciate being engaged early in the development process. The lot was purchased with Community Development Block Grant funds and is bound by HUD requirements that would stipulate the potential tenant/buyer to be income qualified (80% AMI). Acquired by the city 1990-06-29 for $10,000 (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

9,043.13 sq ft

Acres

0.23 acres

Zoning

R-5

Neighborhood

Phillips/Lombardy

Tax ID

0020492

Legal description

5 PB 105-56 LOMBARDY PROJ

Contact

Hart Crane

Contact email

hart.crane@greensboro-nc.gov

Contact phone

336-373-2748

ZIP

27401

Official listing

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

Official document

gis.greensboro-nc.gov/gisimages/AvailProperties/1303LombardyStreet.pdf ↗

Street address

1303 Lombardy St.

Deed book / page

003817 / 01544

Acquisition cost (not a price)

$10,000

Acquisition date

Jun 28, 1990

Additional restrictions

Buyer Income & Homeowner Requirements (80% AMI); Phillips-Lombardy Redevelopment Plan

Architectural guidelines

No

City assistance

N/A

Current use

Vacant

Flood zone

No

Neighborhood association

Concerned Citizens of Northeast Greensboro

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

Desired development on this site would be residential in nature, per the Redevelopment Plan. The Concerned Citizens of Northeast Greensboro would appreciate being engaged early in the development process. The lot was purchased with Community Development Block Grant funds and is bound by HUD requirements that would stipulate the potential tenant/buyer to be income qualified (80% AMI).

Water sewer hookup

Yes

Zoning description

R5, Residential – Single-Family