NOT LISTED FOR SALE

Estimated Value: $377,000 - $418,000

2 Beds
2 Baths
753 Sq Ft
$320/mo HOA Fee

Last Sold December 16, 2020

Last sale price $255,000 $339 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,647/month

34 Days on Market

Highlights

  • Wood Flooring
  • Covered patio or porch
  • Skylights
  • Furnished
  • Balcony
  • 4-minute walk to Innes Park

About This Home

As of December 2020

Downtown STR Opportunity!!! Beautiful condo in the heart of downtown Wilmington. Zoned CBD(no restrictions). This 2 bedroom/2bath condo comes fully equipped and furnished with everything needed to make this property truly turnkey. Trash, water, sewer, internet and cable are all included in HOA dues. Schedule a showing today!

Last Agent to Sell the Property

Chris Skane

Nest Realty License #290157 Listed on: 10/30/2020

Last Buyer's Agent

Ed Ward

Shoreline Realty License #170743

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,231

Year Built

  • Built in 1988

Lot Details

  • Decorative Fence
  • Brick Fence

HOA Fees

  • $320 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Stick Built Home

Interior Spaces

  • 753 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Skylights
  • Combination Dining and Living Room
  • Wood Flooring
  • Partial Basement
  • Pest Guard System

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Balcony
  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number R05405-001-002-008

Community Details

Overview

  • Master Insurance
  • Maintained Community

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,231

Year Built

Built in 1988

Lot Details

0

HOA Fees

$320 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 2nd Floor Unit, One
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Wood
  • Heated Sq Ft: 600 - 799
  • Interior Amenities: Furnished, Skylights
  • List Price per Sq Ft: 365.21
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 2
  • Number Rooms: 2
  • Sq Ft Heated: 753.00
  • Total Heated Primary Separate Sq Ft: 753.00

Exterior Features

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

Garage/Parking

  • Parking Driveway: Paved, Street Only

Utilities

  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Forced Air, Heat Pump
  • Utilities: Community Sewer, Community Water

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Cable, Trash, Maint - Comm Areas, Sewer, Pest Control, Master Insure, Management, Maintenance Structure, Maint - Grounds
  • HOAAssociationFee1Year: 3840.00

Lot Info

  • Deed Page: 812.00
  • Plat Book: 18
  • Plat Page: 324-372
  • Zoning: CBD

Tax Info

  • Tax Identifier: R05405-001-002-008
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2022
Sold by
Lee James Bobby and Lee Tamara
Bought by
5-Star Rentals Llc
Current Estimated Value
$387,635

Purchase Details

Listed on
Oct 30, 2020
Closed on
Dec 11, 2020
Sold by
Chan Matthew A and Chan Mary
Bought by
James Bobby Lee
Seller's Agent
Chris Skane
Nest Realty
Buyer's Agent
Ed Ward
Shoreline Realty
List Price
$275,000
Sold Price
$255,000
Premium/Discount to List
-$20,000
-7.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.72%

Purchase Details

Listed on
Jun 28, 2018
Closed on
Jul 23, 2018
Sold by
Miller Lawrence and Rock Katharine
Bought by
Chan Matthew A
Seller's Agent
Tricia Ireland
Coastal Select Properties
Buyer's Agent
Chris Skane
Carolina One Properties Inc.
List Price
$229,000
Sold Price
$229,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.68%
Original Mortgage
$183,200
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
5-Star Rentals Llc -- Marshall Williams & Gorham Llp
James Bobby Lee $255,000 None Available
Chan Matthew A $229,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chan Matthew A $183,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2020 12/16/20 Sold $255,000 -7.3% $339 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
10/30/2020 10/30/20 For Sale $275,000 +20.1% $365 / Sq Ft
08/10/2018 08/10/18 Sold $229,000 0.0% $304 / Sq Ft
07/03/2018 07/03/18 Pending -- -- --
06/28/2018 06/28/18 For Sale $229,000 -2.6% $304 / Sq Ft
03/15/2016 03/15/16 Sold $235,000 -5.6% $279 / Sq Ft
01/30/2016 01/30/16 Pending -- -- --
01/30/2016 01/30/16 For Sale $249,000 -- $296 / 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 $2,231 $238,700 $0 $238,700
2022 $2,183 $238,700 $0 $238,700
2021 $0 $238,700 $0 $238,700
2020 $2,407 $214,300 $0 $214,300
2019 $2,407 $214,300 $0 $214,300
2018 $2,407 $214,300 $0 $214,300
2017 $2,407 $214,300 $0 $214,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100244537

Hive MLS

APN: R05405-001-002-008