Apple Buys Acre of Land for New Data Center From NC Family For $1.7M

Location, location, location is the mantra for real estate. Donnie and Kathy Fulbright, from Maiden, NC, know that well. Apple just paid them $1.7M to move out of the house they lived in for 34 years.

After the couple rejected two offers, Apple told them to put a price on the single-story house built on less than one acre of land, and they did. That property was purchased for $6,000 when they moved in 34 years ago.

Now, the Fulbrights live in a 4,200 sq. ft. house on a 49-acre property. Not only that, the house includes a Jacuzzi in the master bathroom, as well as a manmade pond stocked with catfish and bass.


Why the big payout from Apple? The Fulbright's former property is next to the location where Apple is building a 500,000 sq. ft. $1B data center. The center is scheduled for completion by the end of this year.

David Cappuccio, chief of research at market analytics firm Gartner, said:
“Apple’s growth has been pretty dramatic and they have probably exceeded their capacity. Between iTunes and the video store they are going to have, you’re talking about massive amounts of data and millions of people trying to access that at the same time.”
Although's Apple's plans for the facility have not been made public, it's believed it will be used for the cloud-based iTunes that is expected by many, and perhaps even with Apple TV video streaming, as well.

Below is a short video showing the data center, still under construction, from a view "in the clouds."

Via:  Bloomberg
Comments
realneil 4 years ago

[quote user="News"] Donnie and Kathy Fulbright, from Maiden, NC[/quote]

Are lucky that it turned out like it did,.................

inspector 4 years ago

Ya, REAL lucky... Im wishing i were them right now :( lol. Can't believe apple would offer 1million more then they actually paid for the house back then :D lol

realneil 4 years ago

[quote user="Inspector"]Can't believe apple would offer 1million more[/quote]

That's 1.6 mil more,................

3vi1 4 years ago

>> Now, the Fulbrights live in a 4,200 sq. ft. house on a 49-acre property. Not only that, the house includes a Jacuzzi in the master bathroom, as well as a manmade pond stocked with catfish and bass.

Maybe there's more to the story, but that makes them sound like morons.

If they were still living in the same single-story house on 1-acre after 34 years, I gotta think that they don't have a ton of income. Now, they have a house and property that's going to siphon off any money they didn't blow buying it. It reminds me of the guy who won the $315M Powerball and was broke 4 years later.

Maybe they're counting on Google wanting to build a datacenter at their new location...

Marc B 4 years ago

Morons? Land is much cheaper in the South than other parts of the country, so they could have easily acquired this spread for much less than the $1.7 mil Apple paid them. Aside from property taxes, it would be an still be an even deal if it cost them as much as Apple paid them for their lot.

eagle1984 4 years ago

  • good article and working on this like this

inspector 4 years ago

lol realneil, my bad did the wrong math/mind went retarded for a sec... did it as 1.7 mill and 600k... lol

realneil 4 years ago

[quote user="Inspector"]

lol realneil, my bad did the wrong math/mind went retarded for a sec... did it as 1.7 mill and 600k... lol

[/quote]

It's harder to concentrate when it's someone else's money anyway,...............

Post a Comment
or Register to comment