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AvailableNew Construction
Lot 14 Hawthorne Reserve
Raleigh, NC 27610 · Wake County
Asking
$79,000
ARV
$118,000
Est. spread
$39,000
All-in / ARV
67%
Underwriting
The numbers
Purchase (assignment price)$79,000
Estimated repairs+ $0
All-in basis$79,000
After-repair value (ARV)$118,000
Gross spread$39,000
Return on basis (before costs)49.4%
Holding, closing and financing costs not included. Verify all figures independently.
The opportunity
Buildable 0.34-acre lot in a growing SE Raleigh subdivision. Water & sewer at the street. New-build comps at $410k–$445k.
- Utilities at street
- Builder comps $410k+
- No HOA restrictions on plans
Property facts
- Property type
- Land
- Strategy
- New Construction
- Lot
- 14,800 sf (0.34 ac)
- Year built
- —
- Occupancy
- Vacant
- County
- Wake County, NC
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