NOT LISTED FOR SALE

1021 S Kerr Ave Wilmington, NC 28403

Saint James Village Neighborhood

Estimated Value: $625,247

-- Bed
-- Bath
4,145 Sq Ft
$151/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $410,000 $99 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,616/month

35 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Forced Air Heating System
  • John T. Hoggard High School Rated A-

About This Home

As of October 2020

Stand alone building opportunity in excellent mid-town location close to everything Wilmington has to offer. Located only 5 minutes from UNCW and about 10-12 minutes from Wrightsville Beach, Historic Downtown & Landfall area. This property has approximately 15 parking spots, a loading dock and warehouse area, a pilon sign. The roof over the retail space was replaced with a TPO type roof in the last few years. Great property at a great price. Needs a little TLC and priced accordingly. Buy this building for your business and own your own space for less than renting. If purchased with a 4.5%, 15 year commercial loan the principal and interest portion of the loan would be $2,440 with approximately $1,300 of that payment going towards payment of principal or buy as solid investment and rent this property as a profitable investment. Well located and affordable stand alone buildings are hard to come by. Come see this property and profit from this excellent investment.

Last Agent to Sell the Property

Michael Otelsberg

Berkshire Hathaway HomeServices Carolina Premier Properties License #180050 Listed on: 07/22/2020

Berkshire Hathaway HomeServices Carolina Premier Properties

Last Buyer's Agent

Scott Gregory

RE/MAX Executive

RE/MAX Executive

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,422

Year Built

  • Built in 1983

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 100 x 160
  • Property is zoned CB

Home Design

  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 4,145 Sq Ft Home
  • Tile Flooring

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Winter Park Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number R05519-008-003-000

Property Details

Property Type

Other

Est. Annual Taxes

$3,422

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: G
  • Sub Type: Improved
  • Sub Type2: Business Flex, Office, Retail, Warehouse
  • Cobra Zone: No
  • Construction: Block
  • New Construction: No
  • Year Built: 1983
  • Definition: RE W/O Business
  • Space: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Basement: None
  • Flooring: Tile
  • List Price per Sq Ft: 100.12
  • Sq Ft Heated: 4145.00

Exterior Features

  • Exterior Finish: Block
  • Foundation: Slab
  • Road Type Frontage: 2 - 3 Lanes, Maintained, Paved, Public (City/Cty/St)

Garage/Parking

  • Parking Driveway: Off Street, Paved
  • Number Of Parking Spaces: 15

Utilities

  • Cooling System: See Remarks
  • Fuel Tank: None
  • Heating System: Forced Air
  • 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: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA Amenities: See Remarks

Lot Info

  • Deed Book: 5485
  • Deed Page: 1856.00
  • Lot Acres: 0.37
  • Lot Dimensions: 100 x 160
  • Lot Sq Ft: 16095.00
  • Lot Water Features: None
  • Plat Book: 90
  • Plat Page: 11
  • Zoning: CB

Green Features

  • Green Bldg Features: None

Tax Info

  • Tax Identifier: R05519-008-003-000
  • Tax Year: 2019
  • Total Real Estate Property Taxes: 3422.00

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2020
Closed on
Oct 13, 2020
Sold by
Martino Phillip Da San and Martino Sherron Da
Bought by
Ismail Nayfeh and Ismail Assef
Seller's Agent
Michael Otelsberg
Berkshire Hathaway HomeServices Carolina Premier Properties
Buyer's Agent
Scott Gregory
RE/MAX Executive
List Price
$410,000
Sold Price
$410,000
Current Estimated Value
$625,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,247
Avg. Annual Appreciation
8.77%

Purchase Details

Closed on
May 10, 2010
Sold by
First Federal Savings & Loan Association
Bought by
Da San Martino Sr Phillip and Da San Martino Sherron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,000
Interest Rate
5.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 2009
Sold by
Mk Property Investments Llc
Bought by
First Federal Savings & Loan Association

Purchase Details

Closed on
Jul 19, 2005
Sold by
Hall Melvin C and Melvin C Hall Revocable Trust
Bought by
Mk Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 2001
Sold by
Hall Melvin C Dorothy W
Bought by
Hall Melvin C Rev Trust

Purchase Details

Closed on
Jan 12, 2001
Sold by
Bridgers David A Susan P
Bought by
Hall Melvin C Dorothy W

Purchase Details

Closed on
Jun 1, 1988
Sold by
Kinlaw Acie Jr Melinda K
Bought by
Bridgers David A Susan P

Purchase Details

Closed on
May 1, 1981
Sold by
Harrelson Bobby W
Bought by
Kinlaw Acie Jr Melinda K

Purchase Details

Closed on
Jan 1, 1977
Bought by
Harrelson Bobby W
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
Ismail Nayfeh $410,000 None Available
Da San Martino Sr Phillip $295,500 None Available
First Federal Savings & Loan Association $425,000 None Available
Mk Property Investments Llc $385,000 None Available
Hall Melvin C Rev Trust -- --
Hall Melvin C Dorothy W $352,000 --
Bridgers David A Susan P $150,000 --
Kinlaw Acie Jr Melinda K $3,000 --
Harrelson Bobby W $3,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Da San Martino Sr Phillip $286,000
Previous Owner Mk Property Investments Llc $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2020 10/15/20 Sold $410,000 0.0% $99 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
07/22/2020 07/22/20 For Sale $410,000 -- $99 / 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
2025 $3,730 $682,200 $265,800 $416,400
2023 $3,730 $428,700 $215,500 $213,200
2022 $3,644 $428,700 $215,500 $213,200
2021 $3,669 $428,700 $215,500 $213,200
2020 $3,422 $324,900 $134,400 $190,500
2019 $3,422 $324,900 $134,400 $190,500
2018 $3,422 $324,900 $134,400 $190,500
2017 $3,423 $324,900 $134,400 $190,500
2016 $3,496 $315,500 $128,000 $187,500
2015 $3,341 $315,500 $128,000 $187,500
2014 $3,199 $315,500 $128,000 $187,500
Source: Public Records

Agents Affiliated with this Home

  • Michael Otelsberg

    Seller's Agent in 2020

    Michael Otelsberg

    Berkshire Hathaway HomeServices Carolina Premier Properties

    (910) 431-6125

    1 in this area

    64 Total Sales

    Michael Otelsberg
    Section Image

  • S

    Buyer's Agent in 2020

    Scott Gregory

    RE/MAX

    Section Image
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Map

Source: Hive MLS

MLS Number: 100228377

Hive MLS

APN: R05519-008-003-000

North Carolina New Hanover County Wilmington 28403 Saint James Village

1021 S Kerr Ave, Wilmington, NC

This home is located at 1021 S Kerr Ave, Wilmington, NC 28403 since 22 July 2020 and is currently estimated at $625,247, approximately $150 per square foot. This property was built in 1983. 1021 S Kerr Ave is a home located in New Hanover County with nearby schools including College Park Elementary School, Williston Middle School, and John T. Hoggard High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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