Cottonwood Ct, Chapel Hill, NC 27514

Property Description

Rare opportunity to purchase an infill lot in an established Chapel Hill neighborhood. This large .75 acre lot is the last undeveloped parcel in the popular Timberlyne Subdivision. Located at the end of a quiet cul de sac, the property is walking distance to the Timberlyne Shopping Center (Joe Van Gogh Coffee, The Chelsea Theatre, Food Lion, etc.), is an easy commute to UNC and downtown Chapel Hill, has quick access to I-40, and is in the highly-rated Chapel Hill Carrboro School District. Relatively flat lot (see OC GIS contour map). Timberlyne has a voluntary neighborhood association ($40/year contribution), but no formal HOA, and there is no architectural review board or subdivison approvals required for building, nor is there a required time frame for construction. Subdivision covenants allow for the construction of a single family residence of up to 4,250 sq. ft. (including an ADU) with a 2-car garage. Utilities, including Google fiber, are available in the street or the right of way at rear of property (seller doesn't believe that any utility stubouts or connections are present on the property itself). Here's your chance to design and build your dream home in a great community -- this opportunity doesn't come around every day!