NOT LISTED FOR SALE

116 Dock St Wilmington, NC 28401

Old Wilmington Neighborhood

Estimated Value: $1,374,488

-- Bed
-- Bath
4,026 Sq Ft
$341/Sq Ft Est. Value

Last Sold February 04, 2014

Last sale price $669,000 $166 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $8,118/month

133 Days on Market

Highlights

  • Water Access
  • Brick or Stone Mason
  • 5-minute walk to Riverfront Park
  • 0.36 Acre Lot
  • Heating Available

About This Home

As of February 2014

Historic Downtown apartment building The Livery'', named for its past use as a horse livery located in the heart of everything. Tremendous income potential! This property is two parcels consisting of eleven 1BR apartments (currently renting for $900 per month) and over 6,500 sf of shell commercial space that could be used for a reception hall, retail, office, warehouse, art gallery or even more residential apartments. The possibilities are endless. Fully Leased this property could gross approx. $145K annually! The apartment portion of the building has an attractive solarium like courtyard with exposed metal beams and brickwork, an attractive security gate with great urban/bohemian style. The units are approx. 466 sf each. The property can be accessed from Dock St (one of the

Last Agent to Sell the Property

Michael Otelsberg

Berkshire Hathaway HomeServices Carolina Premier Properties License #180050 Listed on: 09/04/2013

Berkshire Hathaway HomeServices Carolina Premier Properties

Last Buyer's Agent

Pamela Jorgenson

Laney Real Estate Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,325

Year Built

  • Built in 1937

Lot Details

  • 0.36

Parking

  • On-Site Parking

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Concrete Siding

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Additional Features

  • 2-Story Property
  • Water Access
  • 0.36 Acre Lot

Listing and Financial Details

  • Tax Lot 1234

Community Details

Overview

  • Historic District Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,325

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: C
  • Construction: Brick/Stone, Concrete
  • New Construction: No
  • Stories: 2.0
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Fireplace: None
  • List Price per Sq Ft: 198.46
  • Total Heated Sq Ft: 4026.00

Exterior Features

  • Foundation: Slab
  • Road Type Frontage: Paved, Public (City/Cty/St)

Garage/Parking

  • Garage And Parking Other See Remarks: 12 Site
  • Parking Driveway: On Site

Utilities

  • Appliances Equipment: Refrigerator
  • Cooling System: Wall/Window Unit(s)
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA and Neighborhood Amenities: Sidewalk

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 5643
  • Deed Page: 1275.00
  • Lot Acres: 0.36
  • Lot Number: 1234
  • Lot Sq Ft: 15682.00
  • Lot Water Features: Water Access Comm
  • Zoning: CBD

Rental Info

  • Pets: Yes

Multi Family

  • Number Total Units: 11

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

Closed on
Jul 29, 2022
Sold by
Biaa Investments Llc
Bought by
Groundhog Day Llc and 116 Dock Street Llc
Current Estimated Value
$1,374,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Outstanding Balance
$603,287
Interest Rate
4.92%
Mortgage Type
New Conventional
Estimated Equity
$774,713

Purchase Details

Closed on
Nov 7, 2017
Sold by
Livery Developers Llc
Bought by
116 Dock St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
3.83%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 26, 2017
Sold by
116 Dock St Llc
Bought by
Biaa 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
$637,500
Interest Rate
3.83%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 20, 2015
Sold by
116 Dock St Llc
Bought by
Livery Developers Llc

Purchase Details

Closed on
Jul 11, 2014
Sold by
Billitto David and Jorgenson Pamela M
Bought by
116 Dock St Llc

Purchase Details

Listed on
Sep 4, 2013
Closed on
Jan 17, 2014
Sold by
Glen Oak Farm Holdings Llc
Bought by
Billitto Davjd M and Billitto Pamela M
Seller's Agent
Michael Otelsberg
Berkshire Hathaway HomeServices Carolina Premier Properties
Buyer's Agent
Pamela Jorgenson
Laney Real Estate Co.
List Price
$799,000
Sold Price
$669,000
Premium/Discount to List
-$130,000
-16.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.49%

Purchase Details

Closed on
May 23, 2012
Sold by
Robinson John V and Estate Of Linda F Parham
Bought by
Glen Oak Farm Holdings Llc

Purchase Details

Closed on
Jan 30, 2012
Sold by
Robinson John V and The Estate Of Linda F Parham
Bought by
Glen Oak Holdings Llc

Purchase Details

Closed on
Oct 30, 1998
Sold by
Livery Enterprises Inc
Bought by
Parham Linda F

Purchase Details

Closed on
Apr 9, 1998
Sold by
Barnes Warren W Jr Maryanne G
Bought by
Livery Enterprises Inc

Purchase Details

Closed on
Dec 16, 1997
Sold by
Warren W Barnes & Son Inc
Bought by
Barnes Warren W Jr Maryanne G

Purchase Details

Closed on
Dec 1, 1987
Sold by
Carolina Coast Asso Inc
Bought by
Warren W Barnes & Son Inc

Purchase Details

Closed on
Aug 1, 1981
Sold by
Barnes Warren W Maryanne G
Bought by
Carolina Coast Asso Inc

Purchase Details

Closed on
Mar 1, 1979
Bought by
Barnes Warren W Maryanne G
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
Groundhog Day Llc $1,250,000 None Listed On Document
116 Dock St Llc -- None Available
Biaa Investments Llc $750,000 None Available
Livery Developers Llc -- None Available
116 Dock St Llc -- None Available
Billitto Davjd M $669,000 None Available
Glen Oak Farm Holdings Llc -- None Available
Glen Oak Holdings Llc -- None Available
Parham Linda F $185,000 --
Livery Enterprises Inc $325,000 --
Barnes Warren W Jr Maryanne G -- --
Warren W Barnes & Son Inc -- --
Carolina Coast Asso Inc -- --
Barnes Warren W Maryanne G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Groundhog Day Llc $625,000
Previous Owner Biaa Investments Llc $637,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2014 02/04/14 Sold $669,000 -16.3% $166 / Sq Ft
01/15/2014 01/15/14 Pending -- -- --
09/04/2013 09/04/13 For Sale $799,000 -- $198 / 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
2024 $6,325 $676,700 $256,800 $419,900
2023 $6,156 $676,700 $256,800 $419,900
2022 $6,190 $676,700 $256,800 $419,900
2021 $6,161 $676,700 $256,800 $419,900
2020 $3,914 $348,400 $137,200 $211,200
2019 $3,914 $348,400 $137,200 $211,200
2018 $3,914 $348,400 $137,200 $211,200
2017 $3,914 $348,400 $137,200 $211,200
2016 $3,058 $276,000 $146,500 $129,500
2015 $3,194 $301,600 $172,100 $129,500
2014 $3,058 $301,600 $172,100 $129,500
Source: Public Records

Agents Affiliated with this Home

  • Michael Otelsberg

    Seller's Agent in 2014

    Michael Otelsberg

    Berkshire Hathaway HomeServices Carolina Premier Properties

    (910) 431-6125

    67 Total Sales

    Section Image

  • P

    Buyer's Agent in 2014

    Pamela Jorgenson

    Laney Real Estate Co.

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Map

Source: Hive MLS

MLS Number: 30495940

Hive MLS

APN: R05308-004-012-000

North Carolina New Hanover County Wilmington 28401 Old Wilmington

116 Dock St, Wilmington, NC

This home is located at 116 Dock St, Wilmington, NC 28401 since 04 September 2013 and is currently estimated at $1,374,488, approximately $341 per square foot. This property was built in 1937. 116 Dock St is a home located in New Hanover County with nearby schools including Snipes Academy of Arts & Design, Williston Middle School, and New Hanover 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.

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