$50,000
SOLD MAR 11, 2022

1020 Wilmington Ave Statesville, NC 28677

2 Beds
1 Bath
698 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$72 Per Sq Ft

122 Days on Market

Highlights

  • Wood Flooring
  • Community Playground
  • More Than Two Accessible Exits
  • Corner Lot
  • Laundry Room
  • Kitchen Appliances

About This Home

As of March 2023

Investment property in an up and coming neighborhood. Ideal for an investor to flip or BRRRR (buy and hold for long term rental income). Home does need some updating and repair. Minutes from a playground with picnic area, Splash pad, and community center. Home is nestled on a corner lot and features a driveway as well as street parking.

Last Agent to Sell the Property

Stephen Wellman

Keller Williams Unified License #313518 Listed on: 11/03/2021

Keller Williams Unified

Last Buyer's Agent

Ibeth Greer

Akin Realty LLC License #106333

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,698

Year Built

  • Built in 1944

Lot Details

  • Corner Lot
  • Zoning described as R5MFM

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 698 Sq Ft Home
  • Crawl Space
  • Laundry Room

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • On-Street Parking

Accessible Home Design

  • Kitchen Appliances
  • More Than Two Accessible Exits

Schools

  • Troutman Elementary And Middle School
  • Statesville High School

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 4733-79-2227.000

Community Details

Amenities

  • Picnic Area

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,698

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Other
  • Year Built: 1944
  • Ratio Current Price By Acre: 208333.33
  • Restrictions: None
  • Doors and Windows: Storm Door(s),Storm Window(s)
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Dirt
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Slab, Crawl Space
  • Flooring: Linoleum, Wood
  • Interior Amenities: None
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 698
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Back,Covered,Front
  • Appliances: None
  • Accessibility Features: Two or More Access Exits, Accessible Kitchen Appliances
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Other
  • Living Area: 698

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Shingle Siding, Wood Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway, On Street

Utilities

  • Heating: Gas Hot Air Furnace, Natural Gas, Wall Unit(s)
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Picnic Area, Playground
  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Troutman
  • HOA Subject To: None

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Area: 0.24
  • Lot Size Units: Acres
  • Parcel Number: 4733-79-2227.000
  • Plat Book Slide: 3/91
  • Plat Reference Section Pages: 91
  • Zoning Description: R5MFM

Tax Info

  • RATIO List Price By Tax Amount: 3.46741

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Troutman
  • High School: Statesville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2023
Closed on
Mar 13, 2023
Sold by
Ospina Alexandra
Bought by
Rivers Malia
Seller's Agent
Guillermo Torres
Southern Homes of the Carolinas, Inc
Buyer's Agent
Shameisha Adams
Erica Homes LLC
List Price
$259,000
Sold Price
$259,000
Views
119
Current Estimated Value
$272,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,151
Avg. Annual Appreciation
1.99%
Original Mortgage
$250,101
Outstanding Balance
$242,531
Interest Rate
6.13%
Mortgage Type
FHA
Estimated Equity
$29,620

Purchase Details

Listed on
Nov 3, 2021
Closed on
Mar 9, 2022
Sold by
Eric Howell
Bought by
Ospina Alexandra
Seller's Agent
Stephen Wellman
Keller Williams Unified
Buyer's Agent
Ibeth Greer
Akin Realty LLC
List Price
$50,000
Sold Price
$50,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
409.63%

Purchase Details

Closed on
Feb 1, 1986
Bought by
Howell Eric

Purchase Details

Closed on
Jan 1, 1983

Purchase Details

Closed on
Jun 1, 1982

Purchase Details

Closed on
Jun 1, 1975
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 Type Sale Price Title Company
Warranty Deed $259,000 --
Warranty Deed $259,000 None Listed On Document
Warranty Deed $50,000 Hatley Ryan David
Deed $8,700 --
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,101 FHA
Closed $250,101 FHA
Previous Owner $19,175 Credit Line Revolving
Previous Owner $14,750 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2023 03/13/23 Sold $259,000 0.0% $160 / Sq Ft
02/04/2023 02/04/23 For Sale $259,000 +418.0% $160 / Sq Ft
03/11/2022 03/11/22 Sold $50,000 0.0% $72 / Sq Ft
11/08/2021 11/08/21 For Sale $50,000 0.0% $72 / Sq Ft
10/31/2021 10/31/21 Off Market $50,000 -- --
Source: Canopy MLS (Canopy Realtor® Association)

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
2024 $2,698 $259,250 $10,000 $249,250
2023 $2,698 $259,250 $10,000 $249,250
2022 $277 $14,420 $4,500 $9,920
2021 $333 $14,420 $4,500 $9,920
2020 $333 $14,420 $4,500 $9,920
2019 $331 $14,420 $4,500 $9,920
2018 $317 $14,380 $4,500 $9,880
2017 $314 $14,380 $4,500 $9,880
2016 $314 $14,380 $4,500 $9,880
2015 $187 $14,380 $4,500 $9,880
2014 $198 $16,350 $4,500 $11,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3799325

Canopy MLS (Canopy Realtor® Association)

APN: 4733-79-2227.000