NOT LISTED FOR SALE

1113 S 7th St Wilmington, NC 28401

Dry Pond-South Side Neighborhood

Estimated Value: $180,000 - $300,000

2 Beds
1 Bath
822 Sq Ft
$280/Sq Ft Est. Value

Last Sold November 15, 2017

Last sale price $46,000 $56 Per Sq Ft

Est. 401% increase in value since last sale

Current estimated payment $1,308/month

155 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Central Air
  • John T. Hoggard High School Rated A-
  • Covered Patio or Porch
  • Combination Dining and Living Room

About This Home

As of November 2017

INVESTMENT OPPORTUNITY: New Roof installed August 2017! This is a great 2 bedroom 1 bath rental home under 50k!!! Close to central downtown. Section 8 tenant with current rent at $650 per month. Large backyard with rear access and updated bathroom. Subject lot could potentially support accessory apartment unit in the back. Buyer to confirm with city. Great source of rental income.

Last Agent to Sell the Property

Quentin Jones

Nest Realty Listed on: 05/26/2017

Last Buyer's Agent

Ulli Johnson

Coastal Realty Associates LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $632

Year Built

  • Built in 1917

Lot Details

  • 5,114 Sq Ft Lot
  • Lot Dimensions are 33x150
  • Chain Link Fence
  • Property is zoned R-5

Parking

  • On-Street Parking

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 822 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Crawl Space

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R05413-023-005-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$632

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Vinyl, Wood
  • Heated Sq Ft: 800 - 999
  • Interior Amenities: 1st Floor Master
  • List Price per Sq Ft: 60.71
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 2
  • Number Rooms: 4
  • Bedroom 1 Level: Main
  • Dining Room Level: Main
  • Primary Bedroom Level: Main
  • Sq Ft Heated: 822.00
  • Total Heated Primary Separate Sq Ft: 822.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Vinyl Siding
  • Fencing: Chain Link
  • Foundation: Crawl Space
  • Porch Balcony Deck: Covered, Porch
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Metal
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Parking Driveway: Street Only

Utilities

  • Cooling System: Central
  • Fuel Tank: None
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 291.00
  • Lot Acres: 0.12
  • Lot Dimensions: 33x150
  • Lot Sq Ft: 5114.00
  • Zoning: R-5

Rental Info

  • Rental Income Gross Rental Income: 7800.00

Tax Info

  • Tax Identifier: R05413-023-005-000
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2017
Closed on
Nov 7, 2017
Sold by
Pate Samuel H and Pate Melannie R
Bought by
Schmid Properties Llc
Seller's Agent
Quentin Jones
Nest Realty
Buyer's Agent
Ulli Johnson
Coastal Realty Associates LLC
List Price
$49,900
Sold Price
$46,000
Premium/Discount to List
-$3,900
-7.82%
Current Estimated Value
$230,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,283
Avg. Annual Appreciation
19.70%

Purchase Details

Listed on
Nov 15, 2015
Closed on
Dec 23, 2016
Sold by
Parga Marie Susan Montemurro and Montemurro Marie Susan
Bought by
Pate Samuel H and Jones Quentin R
Seller's Agent
David Cummings
RE/MAX Essential
Buyer's Agent
Sam Pate
Coldwell Banker Commercial Sun Coast Partners, LLC
List Price
$49,900
Sold Price
$35,000
Premium/Discount to List
-$14,900
-29.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.41%
Original Mortgage
$28,000
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 18, 2005
Sold by
Parga Real Estate Development Llc
Bought by
Parga Marie Susan Montemurro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
5.66%
Mortgage Type
Undefined Multiple Amounts

Purchase Details

Closed on
Jan 1, 2001
Bought by
Singleton Hillard

Purchase Details

Closed on
Dec 17, 1998
Sold by
Parga Robert Marie S
Bought by
Parga Real Estate Dev Llc

Purchase Details

Closed on
Sep 22, 1997
Sold by
Baldwin Ryan A Brooke B
Bought by
Parga Robert Marie S

Purchase Details

Closed on
Jul 11, 1996
Sold by
Singleton Hillard
Bought by
Singleton Hillard Hrs
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
Schmid Properties Llc $46,000 None Available
Pate Samuel H $35,000 None Available
Parga Marie Susan Montemurro -- None Available
Singleton Hillard -- --
Parga Real Estate Dev Llc -- --
Parga Robert Marie S $29,000 --
Baldwin Ryan A Brooke B -- --
Singleton Hillard Hrs -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pate Samuel H $28,000
Previous Owner Parga Marie Susan Montemurro $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2017 11/15/17 Sold $46,000 -7.8% $56 / Sq Ft
10/28/2017 10/28/17 Pending -- -- --
05/26/2017 05/26/17 For Sale $49,900 +42.6% $61 / Sq Ft
01/05/2017 01/05/17 Sold $35,000 -29.9% $43 / Sq Ft
11/10/2016 11/10/16 Pending -- -- --
11/15/2015 11/15/15 For Sale $49,900 -- $61 / 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 $632 $72,600 $41,200 $31,400
2022 $621 $72,600 $41,200 $31,400
2021 $621 $72,600 $41,200 $31,400
2020 $600 $57,000 $34,200 $22,800
2019 $600 $57,000 $34,200 $22,800
2018 $600 $57,000 $34,200 $22,800
2017 $600 $57,000 $34,200 $22,800
2016 $678 $61,200 $41,400 $19,800
2015 $648 $61,200 $41,400 $19,800
2014 $621 $61,200 $41,400 $19,800
Source: Public Records

Agents Affiliated with this Home

  • Q

    Seller's Agent in 2017

    Quentin Jones

    Nest Realty

  • D

    Seller's Agent in 2017

    David Cummings

    RE/MAX

  • U

    Buyer's Agent in 2017

    Ulli Johnson

    Coastal Realty Associates LLC

  • S

    Buyer's Agent in 2017

    Sam Pate

    Coldwell Banker Commercial Sun Coast Partners, LLC

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Map

Source: Hive MLS

MLS Number: 100064825

Hive MLS

APN: R05413-023-005-000

North Carolina New Hanover County Wilmington 28401 Dry Pond-South Side

1113 S 7th St, Wilmington, NC

This home is located at 1113 S 7th St, Wilmington, NC 28401 since 26 May 2017 and is currently estimated at $230,283, approximately $280 per square foot. This property was built in 1917. 1113 S 7th St is a home located in New Hanover County with nearby schools including Forest Hills Global Elementary School, Myrtle Grove Middle School, and John T. Hoggard High School.

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