$56,000
SOLD NOV 3, 2020
2 Beds
1 Bath
700 Sq Ft
1,651 Sq Ft Lot

Recently Sold

$80 Per Sq Ft

40% Above List Price

12 Days on Market

Highlights

  • No HOA
  • Porch
  • 1-Story Property
  • John T. Hoggard High School Rated A-
  • Combination Dining and Living Room

About This Home

As of February 2021

***Multiple Offers - Highest and Best Due by 10/7 Wed 8 PM Via Email to the Listing Agent. ALL Offers Must Be Written Up on NC OTP along with Proof of Funds. Email Body must Notate Highest and Best Offer and Buyer Agent Must Acknowledge Acceptance to pay $150 Technology Fee to Seller at Closing - Any Offers Not including this will not be Accepted*** - Wonderful Investment Opportunity in this 2 Bedroom 1 Bath Home in Downtown Wilmington close to shopping, dining and lots more! Will not last long at this price a great deal!

Last Agent to Sell the Property

David Cummings

RE/MAX Essential Listed on: 10/03/2020

Last Buyer's Agent

Danielle Gillespie

Carolina One Properties Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,055

Year Built

  • Built in 2003

Lot Details

  • 1,651 Sq Ft Lot
  • Lot Dimensions are 25x66x25x66
  • Property is zoned R-5

Parking

  • Off-Street Parking

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 700 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Porch
  • Heat Pump System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R05410-030-013-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,055

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 2003
  • Special Features: 1028
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Heated Sq Ft: 600 - 799
  • Interior Amenities: 1st Floor Master
  • List Price per Sq Ft: 57.14
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 2
  • Number Rooms: 4
  • Sq Ft Heated: 700.00
  • Total Heated Primary Separate Sq Ft: 700.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Vinyl Siding
  • Fencing: None
  • Foundation: See Remarks
  • Porch Balcony Deck: Porch
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Cooling System: None
  • Fuel Tank: None
  • Heating System: Heat Pump, Other-See Remarks
  • Utilities: Municipal Sewer, Municipal Water

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 533.00
  • Lot Acres: 0.04
  • Lot Dimensions: 25x66x25x66
  • Lot Sq Ft: 1651.00
  • Zoning: R-5

Tax Info

  • Tax Identifier: R05410-030-013-000
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2020
Closed on
Feb 8, 2021
Sold by
Great Escape Llc
Bought by
Cape Fear Collective Impact Opp 1 Llc
Seller's Agent
Danielle Gillespie
Carolina One Properties Inc.
Buyer's Agent
Avery Washington
Coldwell Banker Alliance Group Realty
List Price
$140,000
Sold Price
$135,000
Premium/Discount to List
-$5,000
-3.57%
Current Estimated Value
$207,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,179
Avg. Annual Appreciation
8.63%

Purchase Details

Listed on
Oct 3, 2020
Closed on
Oct 30, 2020
Sold by
First Horizon Bank
Bought by
The Great Escape Llc
Seller's Agent
David Cummings
RE/MAX Essential
Buyer's Agent
Danielle Gillespie
Carolina One Properties Inc.
List Price
$40,000
Sold Price
$56,000
Premium/Discount to List
$16,000
40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2216.36%

Purchase Details

Closed on
Jul 21, 2020
Sold by
Drakeford Paul L and One Reverse Mortgage Llc
Bought by
First Horizon Bank

Purchase Details

Closed on
Mar 26, 2013
Sold by
Drakeford Paul L and Drakeford Paul L
Bought by
Drakeford Paul L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
3.56%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Sep 9, 1981
Sold by
Collins Laura Johnson
Bought by
Drakeford Paul L

Purchase Details

Closed on
Aug 1, 1979
Bought by
Collins Laura Johnson
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $135,000 None Available
Special Warranty Deed $56,000 None Available
Trustee Deed $54,080 None Available
Interfamily Deed Transfer -- None Available
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $51,000 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2021 02/14/21 Sold $135,000 -1.8% $184 / Sq Ft
01/21/2021 01/21/21 Pending -- -- --
01/06/2021 01/06/21 Price Changed $137,500 -1.8% $188 / Sq Ft
12/14/2020 12/14/20 For Sale $140,000 +150.0% $191 / Sq Ft
11/03/2020 11/03/20 Sold $56,000 +40.0% $80 / Sq Ft
10/13/2020 10/13/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $40,000 -- $57 / Sq Ft
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $1,055 $121,300 $37,300 $84,000
2022 $1,038 $121,300 $37,300 $84,000
2021 $1,038 $121,300 $37,300 $84,000
2020 $258 $49,500 $16,000 $33,500
2019 $258 $49,500 $16,000 $33,500
2018 $258 $49,500 $16,000 $33,500
2017 $258 $49,500 $16,000 $33,500
2016 $625 $56,400 $17,800 $38,600
2015 $597 $56,400 $17,800 $38,600
2014 $572 $56,400 $17,800 $38,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100239620

Hive MLS

APN: R05410-030-013-000