Home for Sale at Lot-5 00 Goodman Road, Pelham, NC 27311

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Lot-5 00 Goodman Road
Pelham, NC 27311

Sean Maloy with Nc Land and Farms Inc, original listing - (704) 650-6258

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Property Details

List Price:	$74,900
Beds:	--
Baths:	--
Status:	Active
SqFt:	--
Agency:	Nc Land and Farms Inc
Agency Phone:	(704) 650-6258

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	7 acre(s)
Property Type:	Land-Unimproved Land
Year Built:	--
Notes:	Nestled in the Pelham area of north-central Caswell County, NC, this secluded +/-7.365-acre property is a rare opportunity for anyone seeking a country setting to build their dream home!<br /> <br /> Property Overview:<br /> Identified as Lot-5, this parcel features gently sloping, wooded terrain, offering flexibility for home placement. The property has approximately 450ft of road frontage along Goodman Road, which is a public and state-maintained road. A new survey is included, and a newly issued septic permit has been issued for a 4-bedroom dwelling, ensuring a smooth building process.<br /> <br /> Features and Highlights:<br /> -Size: +/-7.365-acres of peaceful, partially wooded land.<br /> -Location: Accessed by a public road with scenic surroundings.<br /> -Septic: 4-bedroom septic permit has been issued (see property documents).<br /> -recently surveyed (see property documents)<br /> -Utilities:<br /> Electricity available via Duke Energy.<br /> Internet: fiber (to be confirmed) and Starlink<br /> Landline service is available and 4G-LTE Verizon cell service confirmed.<br /> <br /> The following Deed Restrictions to maintain property value and character are:<br /> Type of homes authorized:<br /> -Site-built homes.<br /> -Off-frame modular homes.<br /> -On-frame modular or doublewide homes (manufacture date must be within three years of installation).<br /> -Singlewide homes (manufacture date must be within three years of installation).<br /> Lots can be subdivided one time.<br /> Only one dwelling/home is allowed on the lot.<br /> Horses are allowed (one horse per 2-acres of pasture).<br /> Laying hens and no more than four goats are allowed.<br /> The lot cannot be further subdivided.<br /> No commercial use or activity.<br /> *No swine, cattle.<br /> <br /> The property is within the Caswell County School District, with nearby schools including:<br /> -Northern Elementary (PK-5): 3.4 miles.<br /> -N.L. Dillard Middle School (6-8): 9.3 miles.<br /> -Bartlett Yancey High School (9-12): 11.1 miles.<br /> <br /> Caswell County boasts abundant outdoor activities:<br /> -R. Wayne Bailey-Caswell Game Lands: Over 18,000 acres for hunting and horseback riding.<br /> -Farmer Lake: Fishing, boating, and duck hunting in a serene natural setting.<br /> -Hyco Lake: Recreational boating, fishing, camping, and swimming.<br /> -Dan River: Endless outdoor opportunities along its scenic banks.<br /> -For a night out, visit Caesars Virginia in nearby Danville, VA, featuring a casino, luxury amenities, and world-class dining just 20 minutes away!<br /> <br /> Convenient Location:<br /> -Danville, VA: 5 miles north.<br /> -Historic Yanceyville, NC: 11 miles south.<br /> -Burlington, NC: 30 miles south.<br /> -Reidsville, NC: 16 miles southwest.<br /> <br /> This property offers the perfect blend of seclusion and accessibility, making it an ideal spot to build your country retreat. As a Caswell County resident myself, I can personally attest to the charm and quality of life this area provides!<br /> <br /> I invite you to explore the embedded map in this listing for a detailed view of the property and surrounding area. There are many photos that you may find interesting.<br /> <br /> https://id.land/ranching/maps/18c90c5cac14075927a9f70eb06a5b26/share/unbranded<br /> <br /> This property is shown by appointment only. Please contact listing agent to coordinate your private tour.
MlsNumber:	--
ListingId:	10084694

Listing Provided By:	Nc Land and Farms Inc, original listing
Phone:	(704) 650-6258
Office Phone:	(704) 650-6258
Agent Name:	Sean Maloy
Disclaimer:	Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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