The Crossings At Cane Creek Property Information Package Link

The Crossings At Cane Creek, Property In f o r mation Package The C rossings At Cane C reek FAIRVIEW, NC 28730 P R E S E N T E D T O : Potential Investors: Attention: Investment Group
Subject: The Crossings At Cane Creek / Property Information Package
September 20, 2013
Chris,
In accordance with your request for information on the Subject Property, we are pleased
to furnish the attached “Property Information Package” prepared by our Firm, which includes the
following:
a)
b)
c)
d)
e)
Information about the Subject Property. (Section 1)
Location information / aerials / maps. (Section 2)
Closed Land & SFR Comparables. (Section 3)
Asheville MSA & Buncombe County Raw Market Data (Sections 4 & 5)
General Information (Section 6)
Further enclosed is the raw data on the housing market in the Asheville MSA to complete an
analysis of the feasibility / suitability of the Subject Property for your intended use. No attempt
was made to reduce the data to a summary level, nor was an effort made to render a Brokers Price
Opinion of the Subject Properties as we do not deem ourselves to be experts in the Residential
Market.
Thank you for providing our Firm with the opportunity to furnish the attached documentation,
and for the possibility of working with your Team further on this potential Project. After
completing your review of the documents, please contact me to for further discussion, or if you
require additional data or clarifications.
Sincerely,
Wayne D. Fey
Broker / G.C.
TH E C R O S S I N G S AT C A N E C R E E K The Crossings At Cane Creek 1 PROPERTY INFORMATION Executive Summary Property Details Crossings MLS Display Brief Narrative From John Marino( CCC Developer) Cane Creek Site Plan TH E C R O S S I N G S AT C A N E C R E E K The Crossings At Cane Creek PROPERTY INFORMATION The Crossings At Cane Creek OF F E R I N G SU M M A R Y Sale Price PRO P E R T Y OV E R V I E W 51 Home-­‐-­‐-­‐sites Averaging .75 Acres. Lot Size APN # 56.0 Acres +/-­‐-­‐-­‐ Individual Pins On File. For Sale,The Crossings At Cane Creek, Fairview, N.C. 56 Scenic Acres Platted With $2,800,000 Market Sub Market Asheville Southeast P R O P E R T Y H I G H L I G H T S • Curb & Gutter, Roads And Utility Stubs To Lots In Place. • Scenic Gently Sloping Terrain With Year Around Mountain Views. Cross Streets Cane Creek Rd & US 74-­‐-­‐-­‐A • Conveniently Located 10 Minutes From Asheville CBD At The Southesat Corner Of US 74-­‐-­‐-­‐A & Cane Creek Road In Cane Creek Valley / Fairview N.C. TH E C R O S S I N G S AT C A N E C R E E K The Crossings At Cane Creek PROPERTY INFORMATION The Crossings At Cane Creek PROPERTY NAME: The Crossings At Cane Creek PROPERTY ADDRESS: 0000 Cane Creek Road, Fairview, NC. 28730 OFFERING PRICE: $2,800,000.00 APN: Individual Pins On File. HIGHEST & BEST USE: Multi-­‐-­‐-­‐SFR Residential Development ZONING: OU (Open Use) YEAR BUILT: 2010 TOTAL LAND: 56 Acres Plus / Minus PLATTED LOTS:
51 BUILD OUT STATUS: All Roads & Curb & Gutter Completed Including Finish Course On Roads.Hydrants, Transformers & Utilities Stubbed To Lots. DOT Approved Bridge in Place over Cane Creek. Minor Ammenities Completed, Limited to Gazebo & Playground Equipment. LOCATION: Conveniently Located In Cane Creek Valley, Ten Minutes From Asheville CBD Adjacent To Corner of 5 Lane US 74-­‐-­‐-­‐Alternate & Cane Creek Road. Magnificent Year Around Mountain And Wooland Views. Full Display
http://www.wncrmls.com/cgi-wnc/SD_disp?funcXX1I=sm_qs_...
Full Display: For Agents Only
V H532592A
LP:
0000 Cane Creek Rd. Fairview 28730
Add. Status: Short Sale
List: Kristi Brannon 828-696-2173 / Cell:828-551-9405 of Two Trails LLC 828-696-2173
CoList:
Due Diligence:
Org LF: Two Trails LLC-0
Org LA: Brannon Kristi
Area / County:
CENTRAL Buncombe
City / Comm:
Fairview
Subdivision:
The Crossings at
Cane Creek
Inside City:
No
Apx Tot Acres:
56
Manuf Allowed:
No
Apx Cleared Acr:
Taxes:
43500
Apx Wooded Acr:
Tax Year:
2012
Price/Acre:
Deed Bk/Pg:
4200 / 1300
Unit/Lot:
Deed Restr:
Yes
Lot Dim:
Zoning:
OU
PIN:
$2,800,000
Org LP: $2,800,000
Firm: 7273
Firm:
LB#: NLB
0000-00-0000-00000
Agt: 561001215
Agt:
Org LA#: 561001215
Elementary: FAIRVIEW
Middle School:
Septic # BR:
Assoc Fee:
State Rd:
No
Road Frontage:
Owner:
Mar-Com & Associates, Inc.
A.C. REYNOLDS
High School:
Assoc Fee Per:
Rd Maint Agrmt:
Maint Agrmt$ :
A C REYNOLDS
Lot Description: Creek/Stream , Long Range View , Mountain View , Rolling , Wooded , Year Round View
Improvements:
Access:
State Road
Utilities:
Suitable Use:
Water:
Financing:
Docs On File:
Showing Instr:
Seller Rep:
Directions:
Residential
City
Cash , Conventional
Aerial , Deed Restrictions
Show Anytime (lots only)
Owned more than 1 year
Street:
Sewer:
Possession:
Paved
None , Septic
At Close
-From Asheville: Take 74E approx. 11 miles to a right on Cane Creek Rd. The entrance to the property is on your left.
Private Remarks:
-Developer says BRING ALL OFFERS! The Crossings at Cane Creek offers almost 60 aces with 51+/- building
sites. All stubs are in and roads are complete. Great location with beautiful mountain views!
In-House Remarks:
List Date:
List Type:
Dual Var Rate:
Withdrawn Dt:
Expire Date:
How Sold:
02/08/2013
ERS
Date Sold:
Sell $ :
Comm Sub Agt Brk:
Pend Date:
$
5
CommBuyerBrk:
DOM / CDOM:
5
213 / 213
- - - - Information herein deemed reliable but not guaranteed - - - Copyright 2013 North Carolina Mountains MLS
09/09/2013 08:46 AM
Prepared By: Wayne Fey
1 of 1
9/9/13 8:47 AM
John Marino
2:29 PM (32 minutes
ago)
to me
Hi Wayne,
here's a quick and dirty. if your clients go to contract I can provide more detail. Hopefully this will
suffice until then.
Thanks,
John
The Crossings at Cane Creek
The Crossings at Cane Creek is a 56 acre+/- single family development located at the corner of
Cane Creek Road and Charlotte/74 Highway in scenic Fairview, North Carolina. The site was
planned for 51 single family units with approximately 5, 302 feet of private roads and one 80 foot
bridge.
Downtown Asheville and the Asheville Mall together with an endless array of bistros, theaters and
curios are a mere 10 minutes’ drive from the Crossings. Asheville Regional Airport is no more
than 20 minutes away.
The subdivision is complete and a final plat was issued by Buncombe County. Planned amenities
include hiking trails, creek-side park, foot bridge and a rustic outdoor amphitheater. There may be
some minor engineering ‘clean-up’ issues with the county, but nothing detrimental and really
should be rubber-stamped. All stub-outs are in to include a planned main gate entrance and
guard shack. All drainage was installed as well as park play sets. Unfortunately, some of both
have stolen. All lots have been successfully tested for septic use.
The bridge was delivered 3 feet too short. A fatal mistake perpetrated by the bridge
manufacture’s own engineers and was only discovered by my surveyors, i.e. they were not aware
of their mistake until my guys found it. By the time my team and I had engineered our way out of
this disastrous event, the real estate market had collapsed and I was left holding the proverbial
bag.
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TH E C R O S S I N G S AT C A N E C R E E K The Crossings At Cane Creek 2 LOCATION INFORMATION Aerial Map Crossings GIS-­‐-­‐-­‐1 Crossings GIS With 5' Contours Regional Map Location Maps Additional Photos Additional Photos Demographics Map TH E C R O S S I N G S AT C A N E C R E E K , A E R I A L . The Crossings At Cane Creek, Aerial. The Crossings At Cane Creek, Aerial. 8328
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¯ˉ TH E C R O S S I N G S AT C A N E C R E E K , LO C A TI O N MA P. The Crossings At Cane Creek, Location Map. The Crossings At Cane Creek, Location Map. 61 crossing circle
TH E C R O S S I N G S AT C A N E C R E E K , V I C I N I T Y M A P S . The Crossings At Cane Creek, Vicinity Maps. The Crossings At Cane Creek, Vicinity Maps.