726 Gillespie St., Greensboro, NC

Listing description

What the seller provided

Vacant — city-owned property in Greensboro, NC (Willow Oaks), offered for sale to the public by the Greensboro Housing Development Partnership. 4,938 sq ft lot (0.11 acres). Zoned TN. The County Has The Addresses Flipped B/T 726 & 728 Gillespie St. Flood zone: No. Water/sewer hook-up: Yes. Program restrictions: Buyer Income & Homeowner Requirements (80% AMI); Willow Oaks Redevelopment Plan. Staff comments: Desired development on this site should be residential and low density in nature, per the Redevelopment Plan. The Willow Oaks Acquired by the city 2011-09-09 for $60,000 (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

4,937.69 sq ft

Acres

0.11 acres

Zoning

TN

Neighborhood

Willow Oaks

Tax ID

0010601

Legal description

18 PB172-17 WILLOW OAK ZD 6816-2471

ZIP

27401

Notes

THE COUNTY HAS THE ADDRESSES FLIPPED B/T 726 & 728 GILLESPIE ST

Official listing

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

Official document

gis.greensboro-nc.gov/gisimages/AvailProperties/726GillespieStreet.pdf ↗

Street address

726 Gillespie St.

Deed book / page

007271 / 02310

Acquisition cost (not a price)

$60,000

Acquisition date

Sep 8, 2011

Additional restrictions

Buyer Income & Homeowner Requirements (80% AMI); Willow Oaks Redevelopment Plan

Architectural guidelines

Yes

City assistance

TBD

Condemned

No

Current use

Vacant

Flood zone

No

Funding source

HOME

Mowable sq ft

4,845 sq ft

Neighborhood association

Willow Oaks Neighborhood Association

Opportunity zone

Yes

Owner agency

Greensboro Housing Development Partnership

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 should be residential and low density in nature, per the Redevelopment Plan. The Willow Oaks

Water sewer hookup

Yes

Zoning description

TN – Traditional Neighborhood