NOT LISTED FOR SALE

Estimated Value: $684,000 - $1,058,000

0.13 Acre
$6,804,546 Price per Acre
5,663 Sq Ft Lot

Last Sold June 03, 2020

Last sale price $132,500

Est. 568% increase in value since last sale

Current estimated payment $5,217/month

12 Days on Market

About This Lot

As of June 2020

Rare opportunity to purchase a building lot in Wilmington's Historic District. This location is just a short stroll to restaurants, shops, the River Walk and the Wilson Center. The HD zoning allows for multiple uses including single family, duplex, triplex and quadraplex. See Wilmington's zoning ordinances for complete information.

Last Agent to Sell the Property

Russ May

RE/MAX Essential License #91600 Listed on: 12/27/2019

RE/MAX Essential

Last Buyer's Agent

Nicole Valentine

Intracoastal Realty Corp License #267576

Intracoastal Realty Corp

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,760

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 35x165
  • Cleared Lot
  • Property is zoned HD

Schools

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

Community Details

  • No Home Owners Association
  • Historic District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04817020021000

Property Details

Property Type

Land

Est. Annual Taxes

$4,760

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Undeveloped
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Road Type Frontage: Public (City/Cty/St)
  • Waterfront: No
  • Waterview: No
  • Total Road Frontage: 35

Utilities

  • Fuel Tank: None
  • 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 Available, Municipal Water Available

Association/Amenities

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

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 40.00
  • Lot Description: See Remarks
  • Lot Dimensions: 35X165
  • Lot Sq Ft: 5663.00
  • Lot Water Features: None
  • Plat Book: 67
  • Plat Page: 22
  • Zoning: HD
  • Cleared Acres: 0.13
  • Acres: 0.13
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • List Price per Acre: 1057692.31
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared

Tax Info

  • Tax Identifier: 04817020021000
  • Tax Year: 2019

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2019
Closed on
Jun 2, 2020
Sold by
Pennington Ralph S and Pennington Jackie C
Bought by
Padula Robert M and Padula Lora B
Seller's Agent
Russ May
RE/MAX Essential
Buyer's Agent
Nicole Valentine
Intracoastal Realty Corp
List Price
$137,500
Sold Price
$132,500
Premium/Discount to List
-$5,000
-3.64%
Current Estimated Value
$884,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$752,091
Avg. Annual Appreciation
43.26%

Purchase Details

Closed on
Dec 16, 2019
Sold by
Pennington Ralph S and Pennington Jackie C
Bought by
Old Red Gate Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2001
Sold by
Goodson Jacqueline Morris
Bought by
Pennington Ralph S Jackie C

Purchase Details

Closed on
Dec 7, 2000
Sold by
Pennington Ralph S Jackie C
Bought by
Goodson Jacqueline Morris

Purchase Details

Closed on
Nov 29, 2000
Sold by
Boseman Julia C
Bought by
Pennington Ralph S Jackie C

Purchase Details

Closed on
Nov 30, 1999
Sold by
Nye Natalie
Bought by
Pennington Ralph S Jackie C

Purchase Details

Closed on
Mar 2, 1998
Sold by
Toconis Todd J
Bought by
Boseman Julia C
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Padula Robert M $137,500 None Available
Old Red Gate Holdings Llc $500,000 None Available
Pennington Ralph S Jackie C -- --
Goodson Jacqueline Morris -- --
Pennington Ralph S Jackie C $25,000 --
Pennington Ralph S Jackie C $267,000 --
Boseman Julia C $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Old Red Gate Holdings Llc $425,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2020 06/03/20 Sold $132,500 -3.6% --
01/06/2020 01/06/20 Pending -- -- --
12/25/2019 12/25/19 For Sale $137,500 -- --
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 $4,760 $563,300 $111,800 $451,500
2022 $960 $563,300 $111,800 $451,500
2021 $960 $112,200 $111,800 $400
2020 $694 $65,900 $65,100 $800
2019 $1,050 $99,700 $98,900 $800
2018 $1,050 $99,700 $98,900 $800
2017 $1,050 $99,700 $98,900 $800
2016 $1,096 $98,900 $98,900 $0
2015 $1,047 $98,900 $98,900 $0
2014 $1,003 $98,900 $98,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Hive MLS

MLS Number: 100197433

Hive MLS

APN: R04817-020-021-000