NOT LISTED FOR SALE

Estimated Value: $823,656

-- Bed
-- Bath
2,112 Sq Ft
$390/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $575,000 $272 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,795/month

25 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Maintained Community
  • M.C.S. Noble Middle School Rated A-
  • Heating Available

About This Home

As of August 2021

Opportunity to own your Class A office space located in the heart of the one of Wilmington's business growth areas. This 2112 Square Foot Business Condominium is located in the Landfall/Mayfaire Submarket. This well appointed office space has a flexible floor plan to accommodate many professional uses. The space is currently home to a physicians group and would be a natural transition for a similar use. It also could be modified to comply with a number of the many by-right uses permitted in the Regional Business area. Extensive building common area interior and exterior up-grades are in process and and most have been completed. Updates include lobby flooring, interior and exterior landscaping, paint, and bathrooms. Ample parking available. The office space has many upgrades and custom features.

Last Agent to Sell the Property

Jeff Hovis

Intracoastal Realty Corp License #234605 Listed on: 05/06/2021

Intracoastal Realty Corp

Co-Listed By

Glenn Neighbour

Intracoastal Realty Corp License #193981

Last Buyer's Agent

A Non Member

A Non Member

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,187

Year Built

  • Built in 1989

Lot Details

  • 2,178 Sq Ft Lot
  • Property is zoned RB

HOA Fees

  • $1,047 Monthly HOA Fees

Home Design

  • 2,112 Sq Ft Home
  • Slab Foundation
  • Concrete Siding

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R05612009008004

Community Details

Overview

  • The Atrium Coa, Phone Number (910) 916-1090
  • Maintained Community

Building Details

  • Security

Property Details

Property Type

Other

Est. Annual Taxes

$3,187

Year Built

Built in 1989

Lot Details

0

HOA Fees

$1,047 per month

Listing Details

  • Property Type: G
  • Sub Type: Improved
  • Sub Type2: Medical, Mixed Use, Office
  • Cobra Zone: No
  • Construction: Concrete, Metal Fab
  • New Construction: No
  • Year Built: 1989
  • Definition: RE W/O Business
  • Space: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Attic: None
  • Basement: None
  • Flooring: Carpet, Laminate, Tile, Wood
  • List Price per Sq Ft: 284.09
  • Sq Ft Heated: 2112.00

Exterior Features

  • Exterior Finish: Glass, See Remarks
  • Foundation: Slab
  • Road Type Frontage: 2 - 3 Lanes
  • Roof: See Remarks
  • Road Trans Access Airport: Less than 5 Miles
  • Road Trans Access County Highway: Less than 5 Miles
  • Road Trans Access Interstate: Less than 5 Miles
  • Road Trans Access Port: 6 - 10 Miles
  • Road Trans Access Rail: 6 - 10 Miles
  • Road Trans Access State Highway: Less than 5 Miles

Garage/Parking

  • Parking Driveway: Off Street, Paved
  • Garage: No

Utilities

  • Cooling System: Central
  • 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: City Water, Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • Annual HOA: 12560.99
  • HOA Company: The Atrium COA
  • HOA Phone: 910-916-1090
  • HOA Amenities: Maint - Comm Areas, Maint - Grounds, Master Insure, Mgmt Fee, Pest Control, Roof, Security, See Remarks, Tax Comm Areas, Trash Removal

Lot Info

  • Deed Book: 5716
  • Deed Page: 1090.00
  • Lot Acres: 0.05
  • Lot Description: See Others
  • Lot Dimensions: Irregular
  • Lot Sq Ft: 2178.00
  • Lot Water Features: None
  • Zoning: RB

Green Features

  • Green Bldg Features: None

Rental Info

  • Lease Types: See Remarks

Tax Info

  • Tax Identifier: R05612009008004
  • Tax Year: 2020
  • Total City Real Estate Property Tax: 1507.66
  • Total Real Estate Property Taxes: 3186.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2022
Sold by
104 Atrium Llc
Bought by
Pd Properties Llc
Current Estimated Value
$823,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Outstanding Balance
$599,918
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$211,943

Purchase Details

Listed on
May 6, 2021
Closed on
Aug 10, 2021
Sold by
Shanley Sonja M and Haigler Shanley
Bought by
104 Atrium Llc
Seller's Agent
Jeff Hovis
Intracoastal Realty Corp
Buyer's Agent
A Non Member
A Non Member
List Price
$600,000
Sold Price
$575,000
Premium/Discount to List
-$25,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.01%
Original Mortgage
$522,750
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 1, 2013
Sold by
North State Bank
Bought by
Shanley Sonja M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
3.56%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 1, 2011
Sold by
Wright Smith Co Inc
Bought by
North State Bank
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
Pd Properties Llc $725,000 --
104 Atrium Llc $575,000 None Available
Shanley Sonja M $217,500 None Available
North State Bank $245,763 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pd Properties Llc $616,000
Previous Owner 104 Atrium Llc $522,750
Previous Owner Shanley Sonja M $244,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2021 08/13/21 Sold $575,000 -4.2% $272 / Sq Ft
05/31/2021 05/31/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $600,000 -- $284 / 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 $2,862 $338,700 $0 $338,700
2022 $2,879 $338,700 $0 $338,700
2021 $0 $338,700 $0 $338,700
2020 $3,187 $302,500 $0 $302,500
2019 $3,187 $302,500 $0 $302,500
2018 $2,390 $302,500 $0 $302,500
2017 $3,187 $302,500 $0 $302,500
2016 $3,572 $322,400 $0 $322,400
2015 $3,414 $322,400 $0 $322,400
2014 $3,269 $322,400 $0 $322,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100269971

Hive MLS

APN: R05612-009-008-004