PRICED BELOW TAX ASSESSMENT of $51700. Flippers, Investors, or $48,000

Lot For Sale

PRICED BELOW TAX ASSESSMENT of $51700. Flippers, Investors, or ambitious people looking to create themselves an economical home, YOU NEED TO HAVE A LOOK! This lot is a tad under an acre of land with approximately 130ft of Poorhouse Creek frontage, a well known trout stream. The home on the property could easily be renovated, but is in a 100yr flood plain, and per FEMA regulations, no new additions can be built to the current home, so the preexisting 1950 portion of the structure has been left as *grandfathered* square footage for possible remodeling and additional square footage. The lot would be an excellent recreational property if a buyer wanted to remove the house and add a camper, or move upward and create a totally new home. The home and land are being sold as-is where is, and is a blank canvas for an innovative buyer. The neighborhood consist of 4 other full time households that share ownership of the road and the newly built bridge leading into the community.The buyer of this property would be responsible to help maintain their portion of the entry road.This property is in the foothills of the Blue Ridge Mountains, just outside of the town of Stuart, making it not only convenient to the trout stream out front, but also to town where there are restaurants, shops, grocery stores, and a new hospital opening soon. Located just 30 mins from Mt. Airy NC, minutes to the Blue Ridge Parkway, and 25 mins to Fairystone State Park. Usage ideas include , residential rental for medical professionals, a long term rental, or a buyer's fulltime resident.