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ECU Foundation buys home

By Katherine Ayers

The Daily Reflector

1 Comment | Leave a Comment

The East Carolina University Real Estate Foundation recently purchased a Greenville home from Dr. Ira and Mary Ruth Hardy for $500,000.

The real estate foundation is a supporting arm of the ECU Foundation Inc., a nonprofit set up to benefit the students, faculty, academic programs and research activities at the school.

After the sale of the townhome at 3056 Dartmouth Drive, the Hardys made a cash donation of $200,000 to the nonprofit, bringing the total expense to the foundation to $300,000. A $100,000 cash donation was designated for the ECU School of Music, according to a foundation news release. The home has a tax value of $460,000 and has been appraised at $515,000.

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Property tax exempt

Will this property be exempt from property taxes in the future?

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Bless your heart
Bless your heart