NOT LISTED FOR SALE

Estimated Value: $299,115 - $310,000

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

Last Sold April 20, 2021

Last sale price $204,000 $442 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,922/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 211 (mls 100263836) 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

Sean McGovern

Keller Williams Innovate-Wilmington

Keller Williams Innovate-Wilmington

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $704

Year Built

  • Built in 1988

HOA Fees

  • $160 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

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

Interior Spaces

  • 462 Sq Ft Home
  • 2-Story Property
  • Furnished
  • 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

Listing and Financial Details

  • Assessor Parcel Number R05405001002006

Community Details

Overview

  • Master Insurance
  • Downtown Subdivision
  • Maintained Community

Amenities

  • Laundry Facilities

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$704

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: 400 - 599
  • Interior Amenities: Furnished
  • List Price per Sq Ft: 430.74
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 1
  • Number Rooms: 2
  • Sq Ft Heated: 462.00
  • Total Heated Primary Separate Sq Ft: 462.00

Exterior Features

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

Garage/Parking

  • Parking Driveway: Street Only

Utilities

  • Appliances Equipment: Refrigerator, Stove/Oven - Electric
  • 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, Municipal Water
  • Water Heater: Natural Gas
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Laundry, No Pets, Taxes, See Remarks, Master Insure, Maint - Grounds, Maint - Comm Areas
  • HOAAssociationFee1Year: 1920.00

Lot Info

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

Tax Info

  • Tax Identifier: R05405001002006
  • Tax Year: 2021
  • Total Real Estate Property Taxes: 704.30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2021
Closed on
Apr 20, 2021
Sold by
Dobson Anne D
Bought by
Chambers Joel
Seller's Agent
Jan Brewington
Dram Tree Realty
Buyer's Agent
Sean McGovern
Keller Williams Innovate-Wilmington
List Price
$199,000
Sold Price
$204,000
Premium/Discount to List
$5,000
2.51%
Current Estimated Value
$305,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,029
Avg. Annual Appreciation
9.94%
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
Chambers Joel $205,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2021 04/20/21 Sold $204,000 +2.5% $442 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $199,000 +50.8% $431 / Sq Ft
03/03/2016 03/03/16 Sold $132,000 -11.4% $295 / Sq Ft
02/18/2016 02/18/16 Pending -- -- --
01/31/2016 01/31/16 For Sale $149,000 -- $333 / 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 $1,808 $193,400 $0 $193,400
2022 $1,769 $193,400 $0 $193,400
2021 $1,761 $193,400 $0 $193,400
2020 $1,426 $126,900 $0 $126,900
2019 $1,426 $126,900 $0 $126,900
2018 $1,426 $126,900 $0 $126,900
2017 $1,426 $126,900 $0 $126,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100263842

Hive MLS

APN: R05405-001-002-006