1934 Caraway Dr, Sophia, NC 27350
DETAILS
Type: Vacant Land (mobile home previously on site)
Lot Size: 1 acre / 43,560 sq ft
Utilities: Well & Septic already on land
Closing Date: 08/18/26
Closing Attorney: One Source Title & Escrow
Asking Price: $40,000
Flood zone is Low Risk, tax value is $42,800 with annual taxes of $282 (Parcel ID 7743179852, zoned RA).
LAND COMPARABLE SALES
3339 Plainfield Rd, Sophia, NC 27350 — 0.41 acres — $24,000 — Sold
3023 Old County Farm Rd, Sophia, NC 27350 — 0.93 acres — $49,000 — Sold
2426 Woodfield Dr, Sophia, NC 27350 — 1 acre — $64,000 — Sold
Land Value Average: ~$45,667
Our Price: $40,000
Spread to Land Value: ~$5,667
Build-Out Potential Comps (illustrating finished value once a home is placed on similar land):
3838 Plainfield Rd, Sophia, NC 27350 — New manufactured home — $220,000 — Sold
3862 Plainfield Rd, Sophia, NC 27350 — New manufactured home — $220,000 — Sold
OVERVIEW
This 1-acre parcel already has well and septic in place from a previous mobile home, priced at $40,000 against a land value average of $45,667 from three comparable sales in the immediate Sophia area. Beyond the land value itself, two nearby comps show new manufactured homes on similar lots both selling for $220,000 — real upside for a buyer looking to place a new home on this parcel. Randolph County continues to see major economic investment, including Toyota’s battery manufacturing megasite under construction in nearby Liberty and a $20 million EAS expansion in Asheboro creating 300 new jobs, reinforcing long-term demand in this corridor.
Source: Randolph County Economic Development Corporation
DISCLAIMER — Please Read Before Submitting an Offer
Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal. Closing will occur as quickly as possible, but no longer than 30 calendar days. Buyer pays all closing costs — closing costs are NOT included in the asking price. Taxes will be prorated and split between parties. $495 transaction fee payable to Bright Home Offer LLC. Closing will be conducted with our closing attorney.
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing. No clean-out or clean-up of any kind will be completed. Property will not be broom clean at closing.
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either negotiate your commission/fee directly with your client, separate from the wholesale price, or adjust the wholesale price upward to include your fee. If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.