This growing listing has now approx. 618 +/- acres, w/ that acreage there is over 1.8 miles of railroad frontage at grade. The property is also less than a half mile from Hwy 29 already designated Future I-785. The City of Greensboro is aware of this offering & has preliminary plans for city water & sewer to be run to the site for commercial development. There is plenty of interest for commercial development already, who can see the growth in the Reidsville area? The land is currently used for cropland & mature forestry. Listing agent must be present for all showings. No trespassing without permission of the listing firm. Broker's packets available upon request.
Property Details
Property Features
Listing Office:
Office Name: Allen Tate - Greensboro
Office Phone: (336) 273-7771
Listing Agent: Larry Story
Lot Features
Lot Information:
Lot: Pasture, Trees, Level, Cleared, Wooded
Lot Size: 618.00 Acres
Other
Directions Information:
Directions: Highway 29 N to NC Hwy 150/Browns Summit exit, turn left off the exit and then left at the light onto NC Hwy 150. Just over half a mile from the light turn right on to Ferrin Rd. Property begins on both sides of Ferrin RD before the end at the tracks.
Price Information
Listing Price Info
Price Summary:
List Price: $7,759,125
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Browns Summit, NC.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$38.7K
Per Month
Principal & Interest
$38.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$23.3K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Monticello-Brown Summit Elementary School
5006 E NC Highway 150
Distance between this listing and this school1.28 miles
Public District Grades PK-5
3
/10
Reedy Fork Elementary School
4571 Reedy Fork Pkwy
Distance between this listing and this school1.93 miles
Public District Grades PK-5
6
/10
Northern Guilford Elementary School
3801 NC Highway 150 E
Distance between this listing and this school4.04 miles
Public District Grades KG-5
Nearby Schools
3
/10
Brown Summit Middle School
4720 E NC Highway 150
Distance between this listing and this school0.38 miles
Public Magnet Grades 6-8
3
/10
Northeast Guilford Middle School
6720 McLeansville Rd
Distance between this listing and this school3.86 miles
Public District Grades 6-8
7
/10
Northern Guilford Middle School
616 Simpson Calhoun Rd
Distance between this listing and this school6.27 miles
Public District Grades 6-8
Nearby Schools
3
/10
Northeast Guilford High School
6700 McLeansville Rd
Distance between this listing and this school4.06 miles
Public District Grades 9-12
6
/10
Northern Guilford High School
7101 Spencer Dixon Rd
Distance between this listing and this school6.15 miles
Public District Grades 9-12
5
/10
Piedmont Classical High School
4100 Yanceyville Rd
Distance between this listing and this school6.67 miles
The neighbors living near this home have an average income of $41,466. Residents of Browns Summit, NC typically earn between $35k-100k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7782/7785/7787/7787A Ferrin Road Et Al
What is the listing price of this property?
The listing price of 7782/7785/7787/7787A Ferrin Road Et Al property is $7,759,125.
What type of property is this?
The property 7782/7785/7787/7787A Ferrin Road Et Al is land located in Browns Summit, North Carolina, 27214.
Is this property for sale now?
Active Listing: 7782/7785/7787/7787A Ferrin Road Et Al is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 7782/7785/7787/7787A Ferrin Road Et Al is 618.00 acres.
Interested in 7782/7785/7787/7787A Ferrin Road Et Al? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 7782/7785/7787/7787A Ferrin Road Et Al in Browns Summit, NC and zip code 27214. This home sits on a 618.00 acre lot. It has been listed on Rocket Homes since May 30, 2024 and is currently priced at $7,759,125.
In October 2024 more than 3 listings in Browns Summit, NC were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 4 were sold below. Between September 2024 and October 2024, Browns Summit, NC real estate market has seen increase in the number of listings by 11.4%. The median list price of listings available in October 2024 was $325,000, while the average time on the real estate market was 27 days.
From Rocket Homes Real Estate and based on county public records data.
Monster Trucks
Monster Trucks
Hunting
NASCAR
Wal-Mart
Academy Sports & Outdoors
Bass Pro Shops
Hardee's
Jimmy Johns
Applebees
Chevrolet
Ram
GMC
Country
New Country