NOT LISTED FOR SALE

Estimated Value: $1,013,000 - $3,261,000

12 Beds
8 Baths
1,275 Sq Ft
$1,430/Sq Ft Est. Value

Last Sold June 14, 2023

Last sale price $1,000,000 $784 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $10,511/month

51 Days on Market

Highlights

  • 0.27 Acre Lot
  • Balcony
  • Luxury Vinyl Plank Tile Flooring
  • No HOA
  • Patio
  • Central Air

About This Home

As of June 2023

*NEW CONSTRUCTION QUADRUPLEXES* 20 Total units for sale conveniently located right on the edge of downtown Wilmington. Please note this listing is for 1 building only, totaling 4 units. Please ask listing agent for availability of additional buildings. Expected completion date is mid April 2023. Each unit has 3 bedrooms and 2 full bathrooms, laundry hookups, granite countertops in the kitchen and bathrooms, stainless appliances, cabinetry with slow-close doors and drawers, and LVP flooring throughout. The first floor units will be approximately 1312 sq ft and the upper level units will be approximately 1270 sq ft (sq ft may vary slightly upon completion). Finishes are subject to change based on availability. Off-street parking available per unit with overflow parking on the street. Each unit is metered individually for power, and water/sewer is all on one meter per building. Please review all photos for more details. All showings must be approved with 24 hour notice for safety as this is an active construction site. Please see 820 Nixon Street commercial listing for all 5 buildings. Renderings are a visual aid only, and there may be slight variations at completion. There will be a shared parking lot agreement between all 5 buildings for maintenance, lighting, and driveway use, please ask listing agent for details.

Last Agent to Sell the Property

Dawn Tyndall

Sterling Real Estate Group LLC License #266399 Listed on: 03/21/2023

Last Buyer's Agent

Aspyre Realty Group

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,267

Year Built

  • Built in 2023

Lot Details

  • 0.27 Acre Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 8 Bathrooms
  • 2-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Luxury Vinyl Plank Tile Flooring
  • Attic Access Panel
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Parking

  • Lighted Parking
  • Gravel Driveway
  • Shared Driveway
  • On-Site Parking
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Patio

Schools

  • Snipes Elementary School
  • Williston Middle School
  • New Hanover High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R04809-026-008-000

Community Details

Overview

  • No Home Owners Association
  • Nixon Mcrae Quads Hoa, Inc. Association
  • Brooklyn Subdivision

Security

  • Security Lighting

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,267

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Sub Type: Quadruplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: Yes
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2023
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Attic: Access Only
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: LVT/LVP
  • Interior Amenities: Ceiling Fan(s), Smoke Detectors, Wash/Dry Connect
  • Laundry Location: Hookup - Dryer, Hookup - Washer
  • List Price per Sq Ft: 203.31
  • Total Bathrooms: 8.00
  • Number Bedrooms Total: 12

Exterior Features

  • Exterior Features: Security Lighting
  • Exterior Finish: Fiber Cement, See Remarks
  • Fencing: None
  • Foundation: Slab
  • Porch Balcony Deck: Balcony, Patio
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Garage And Parking Other See Remarks: Parking Area on Site
  • Parking Driveway: Gravel, Lighted, Off Street, On Site, Parking Lot, Shared

Utilities

  • Appliances Equipment: Dishwasher, Disposal, Microwave - Built-In, Refrigerator, Stove/Oven - Electric
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • 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
  • Sewer: Connected
  • Water Source: Water Connected

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities
  • Property Mgmt Company: No
  • HOAAssociationName: Nixon-McRae Quads HOA, Inc.

Lot Info

  • Deed Page: 1872.00
  • Lot Acres: 0.27
  • Lot Dimensions: irregular
  • Lot Sq Ft: 11543.00
  • Zoning: R-3

Tax Info

  • Tax Identifier: R04809-026-008-000
  • Tax Year: 2023

Multi Family

  • Number Total Units: 4

MLS Schools

  • Elementary School: Snipes
  • High School: New Hanover
  • Middle School: Williston

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2022
Sold by
Storehouse Holdings Llc
Bought by
Revitalize Ilm Llc
Current Estimated Value
$1,823,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$623,000
Interest Rate
4.99%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 12, 2020
Closed on
Apr 28, 2021
Sold by
Ragin Willie G and Ragin Annie
Bought by
Schey Samuel and Schey Kathryn
Seller's Agent
Gloria Green
Gloria Green Realty
Buyer's Agent
Eva Elmore
Intracoastal Realty Corp
List Price
$145,000
Sold Price
$115,000
Premium/Discount to List
-$30,000
-20.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
69.79%

Purchase Details

Closed on
Jan 2, 1998
Sold by
Ragins Edith Robinson
Bought by
Ragin Edward Ernest

Purchase Details

Closed on
Apr 29, 1996
Sold by
Ragin Edward E
Bought by
Ragin Edward Ernest

Purchase Details

Closed on
Mar 16, 1996
Sold by
Ragins Katie M
Bought by
Ragin Edward E

Purchase Details

Closed on
Feb 9, 1981
Sold by
City Of Wilm
Bought by
Ragin Edward E

Purchase Details

Closed on
Dec 1, 1969
Bought by
Ragins Edward E
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
Revitalize Ilm Llc $61,000 --
Storehouse Holdings Llc $160,000 --
Schey Samuel $115,000 None Available
Ragin Edward Ernest -- --
Ragin Edward Ernest -- --
Ragin Edward E -- --
Ragin Edward E -- --
Ragins Edward E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Revitalize Ilm Llc $623,000
Closed Revitalize Ilm Llc $100,000
Previous Owner Ragin Edward Ernest $125,196
Previous Owner Ragin Edward Ernest $146,535
Previous Owner Ragin Edward Ernest $144,993
Previous Owner Ragin Edward E $112,000
Previous Owner Ragin Edward Ernest $87,500
Previous Owner Ragin Edward Ernest $83,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2023 06/14/23 Sold $1,000,000 -4.8% $784 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
05/09/2023 05/09/23 Price Changed $1,049,900 0.0% $823 / Sq Ft
03/21/2023 03/21/23 For Sale $1,050,000 +813.0% $824 / Sq Ft
04/29/2021 04/29/21 Sold $115,000 -20.7% $88 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $145,000 +26.1% $111 / Sq Ft
01/11/2021 01/11/21 Off Market $115,000 -- --
12/12/2020 12/12/20 For Sale $145,000 -- $111 / 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 $5,267 $605,400 $47,900 $557,500
2022 $537 $108,200 $49,400 $58,800
2021 $971 $158,500 $49,400 $109,100
2020 $383 $81,400 $48,500 $32,900
2019 $383 $81,400 $48,500 $32,900
2018 $383 $81,400 $48,500 $32,900
2017 $383 $81,400 $48,500 $32,900
2016 $516 $91,600 $40,700 $50,900
2015 $493 $91,600 $40,700 $50,900
2014 $473 $91,600 $40,700 $50,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100375038

Hive MLS

APN: R04809-026-008-000