HIGHLANDS AT DULUTH 46 Developed Lots City of Duluth, GA
DISCLAIMER Disclaimer Although the information contained herein is believed to be correct, Broker and Owner have not independently verified the information contained herein and disclaim any and all responsibility for any inaccuracies. Further, Broker expects prospective purchasers to exercise their own independent due diligence in verifying all supplied and relevant information. No representation or warranty, expressed or implied, is made as to the accuracy or completeness of this Memorandum or any of its contents, or any other written or oral communication transmitted to a prospective purchaser in the course of its evaluation of the proposed sale of the Property. This offering is exclusively presented by Avalon Real Estate Partners, LLC. For additional information or to schedule a property tour please contact: Brent Story 678-510-7767 bstory@avalonrepartners.com
Highlands at Duluth, 46 Developed Lots, Duluth, GA FOR SALE This offering is for 46 developed lots and all common areas within the Highlands at Duluth subdivision located in the City of Duluth, Gwinnett County, Georgia. The sales prices in the community have ranged from $300,000 to $422,000. The community is gated and has great access to Sugarloaf Parkway, Buford Highway, Peachtree Industrial Boulevard and I-85. I-285 400 I-85 I-985 Location: West side of Buford Highway, just north of Sugarloaf Parkway in the city of Duluth, Gwinnett County, Georgia. Zoning: PRD (Planned Residential Development). Conditions available upon request. Lot Size: Minimum lot size is 5,000 Sq Ft.; Typical lot is 50 in width. Minimum Floor Area: 2,200 Sq Ft heated. Utilities: All to site; subject to independent verification. Schools: Parsons Elementary, Hull Middle and Peachtree Ridge High Schools. Brent Story 678-510-7767 bstory@avalonrepartners.com
PROPERTY SUMMARY Property Summary The offering is for 46 developed lots and all common areas in a gated community known as Highlands at Duluth. There were a total of 81 lots developed. All roads are in this community are private. The 46 lots are not subject to the current HOA. The average new home sales price within the community has been $415,087 (according to Smart Numbers). Lot Detail The lot matrix is 31 slab lots and 15 basement lots. Of the 81 total lots in the community, 35 homes have been built leaving these 46 lots as the only remaining VDL s. The lots are a minimum of 5,000 square feet with a minimum lot width of 50. Only 12 of the 46 available lots are accessed by rear alleys. Zoning Description Subject development is zoned PRD- Planned Residential Development by the City of Duluth. Subject development zoning standards: Minimum Heated Square Footage: 2,200 square feet, with 3 bedrooms. Façade shall consist of brick, stacked stone, hardi plank siding, cedar shake, or a mixture thereof. Hardi plank shall be a maximum of 75% of the overall front and side. No vinyl, stucco, metal, or split face block. Minimum Lot Size: 5,000 square feet Minimum Lot Width: 50 feet Setbacks: Front:10, Side:10 between roof lines, Rear:10 Maximum lot coverage: 60% Maximum density: Not to exceed 3.75 units per acre Maximum Building Height: 35 feet Traffic Counts Buford Hwy/US 23 has a car count of 11,460 vehicles per day, according to the Georgia DOT s 2009 report. Driving Directions From Atlanta: Take I-85 North to exit 108 (Sugarloaf Pkwy). Head west on Sugarloaf Parkway off the exit towards Duluth for approximately 3 miles. Take a right on Buford Hwy, US 23, and head North for 1.3 miles. Take a left on Baxley Ridge Drive and Highlands at Duluth main gate will be 150 yards up on your left.
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MARKET DATA Emory Hospital Gates at Johns Creek Jaden Woods Three Bridges McGinnis Reserve Highlands at Duluth Gwinnett Medical Center Gwinnett Arena Bentwood at Sugarloaf Discover Mills Top 5 Selling Communities in Submarket 2009-2010 Community Units Minimum $ Max $ Avg $ 1) Gates at Johns Creek 47 $225,654 $355,000 $265,870 2) Bentwood at Sugarloaf 44 $271,680 $434,770 $332,267 3) McGinnis Reserve 26 $309,000 $550,000 $399,528 4) Jaden Woods 24 $364,763 $530,964 $438,223 5) Three Bridges 21 $230,000 $350,000 $265,717 Highlands at Duluth has had 21 new home sales at an average price of $415,087. *Information gathered from Smart Numbers
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