NOT LISTED FOR SALE

Estimated Value: $249,000 - $287,000

1 Bed
1 Bath
397 Sq Ft
$160/mo HOA Fee

Last Sold April 20, 2021

Last sale price $183,000 $461 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,738/month

3 Days on Market

Highlights

  • Wood Flooring
  • Furnished
  • Balcony
  • Main Floor Primary Bedroom
  • Covered Patio or Porch
  • 4-minute walk to Innes Park

About This Home

As of April 2021

Turnkey vacation rental or second home in Central Business District of Downtown Wilmington. Short term rentals are allowed in this building and the district. This unit is surrounded by event spaces popular with weddings. Seller strongly prefers to sell this one bedroom unit together with unit 212 but will sell separately for an acceptable offer.The two units are joined by a common area that is shared with other units.If both are rented out for an event, visitors could easily enjoy the common area between units. Just two blocks from the river , this building has an upscale Italian Restaurant downstairs and a brewery next door. Pack a bag and get ready to enjoy Spring in Wilmington!

Last Agent to Sell the Property

Jan Brewington

Dram Tree Realty License #203985 Listed on: 03/30/2021

Co-Listed By

Jim King

Dram Tree Realty License #291363

Last Buyer's Agent

Brandon Fresia

Keller Williams Innovate-Wilmington License #315618

Keller Williams Innovate-Wilmington

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $612

Year Built

  • Built in 1988

HOA Fees

  • $160 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Roof
  • Stick Built Home

Interior Spaces

  • 397 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Blinds
  • Combination Dining and Living Room
  • Stove

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Master Insurance
  • Downtown Subdivision
  • Maintained Community

Listing and Financial Details

  • Assessor Parcel Number R05405001002005

Property Details

Home Type

Condominium

Est. Annual Taxes

$612

Year Built

Built in 1988

Lot Details

0

HOA Fees

$160 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Brick/Stone
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Tile, Wood
  • Heated Sq Ft: 200 - 399
  • Interior Amenities: Blinds/Shades, Furnished
  • List Price per Sq Ft: 450.88
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 1
  • Number Rooms: 2
  • Sq Ft Heated: 397.00
  • Total Heated Primary Separate Sq Ft: 397.00

Exterior Features

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

Garage/Parking

  • Parking Driveway: None

Utilities

  • Appliances Equipment: Refrigerator, Stove/Oven - Electric, See Remarks
  • Cooling System: Central
  • Federal Flood Ins Avlbl: No
  • Fuel Tank: None
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Sewer Provider: Cape Fear Public Utility Authority
  • Service Providers Water Provider: Cape Fear Public Utility Authority
  • Utilities: Municipal Sewer, Natural Gas Available, Municipal Water
  • Water Heater: Natural Gas
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Cable, Sewer, Trash, Taxes, Maint - Comm Areas, Master Insure, Maintenance Structure, Maint - Grounds
  • HOAAssociationFee1Year: 1920.00

Lot Info

  • Deed Page: 2674.00
  • Plat Book: 5952
  • Plat Page: 2674
  • Zoning: CBD

Tax Info

  • Tax Identifier: R05405001002005
  • Tax Year: 2020
  • Total Real Estate Property Taxes: 612.17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2021
Sold by
Oakdale Rental Properties Llc
Bought by
Rgj Llc
Current Estimated Value
$273,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,550
Outstanding Balance
$143,617
Interest Rate
2.93%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$160,035

Purchase Details

Listed on
Mar 30, 2021
Closed on
Apr 19, 2021
Sold by
Dobson Anne D
Bought by
Oakdale Rental Properties Llc
Seller's Agent
Jan Brewington
Dram Tree Realty
Buyer's Agent
Brandon Fresia
Keller Williams Innovate-Wilmington
List Price
$179,000
Sold Price
$183,000
Premium/Discount to List
$4,000
2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.08%
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 Buyer Sale Price Title Company
Rgj Llc $183,000 None Available
Oakdale Rental Properties Llc $183,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rgj Llc $155,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2021 04/20/21 Sold $183,000 +2.2% $461 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $179,000 +51.7% $451 / Sq Ft
03/03/2016 03/03/16 Sold $118,000 -18.6% $303 / Sq Ft
02/18/2016 02/18/16 Pending -- -- --
01/31/2016 01/31/16 For Sale $145,000 -- $372 / 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 $1,597 $170,900 $0 $170,900
2022 $1,563 $170,900 $0 $170,900
2021 $1,556 $170,900 $0 $170,900
2020 $1,239 $110,300 $0 $110,300
2019 $1,239 $110,300 $0 $110,300
2018 $1,239 $110,300 $0 $110,300
2017 $1,239 $110,300 $0 $110,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100263836

Hive MLS

APN: R05405-001-002-005