NOT LISTED FOR SALE

Estimated Value: $423,000 - $484,000

-- Bed
3 Baths
4,275 Sq Ft
$103/Sq Ft Est. Value

Last Sold April 12, 2024

Last sale price $365,000 $85 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,664/month

23 Days on Market

Highlights

  • Cape Cod Architecture
  • 1 Fireplace
  • Back and Side Yard
  • Wood Flooring
  • Enclosed patio or porch
  • Hot Water Heating System

About This Home

As of April 2024

Opportunity knocks! Don't miss the chance to invest in your future. This is not your typical triplex property. Offers a quaint setting with 3 tenants in place. Close to the Riverfront attractions, I-95, Banning Park, Kirkwood Highway, restaurants and more. The main floor apartment offers an enclosed front porch with heat, living room w/ fireplace, formal dining room, a large country kitchen, bath, 3 bedrooms, and hardwood floors. (Rent $1000. month). The 2nd floor offers living room, kitchen, bath, & 2 bedrooms. (Rent $750. a month). The bottom floor consists of a 2 bedroom apartment w/ open floor plan of kitchen/dining area/living room, and full bathroom (Rent $750. a month). There is also a utility area with new gas heater (Jan. 2023) and new instant heat tankless water heater. There are brand new concrete steps and handrail leading to the front door (Apartment 1). There is a private road/driveway easement leading to back of property that offers 2 more parking spots, fenced courtyard with trees, patio for entertaining, barbecues, and family gatherings. Located in the sought after Red Clay Consolidated School District! Close to the Riverfront attractions, I-95, Kirkwood Hwy, restaurants, and more!

Last Agent to Sell the Property

Lori Schopfer

RE/MAX Associates-Wilmington License #R3-0008857 Listed on: 02/16/2024

RE/MAX Associates-Wilmington

Last Buyer's Agent

Tony Letizia

VRA Realty License #RS0025591

VRA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,371

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 57.00 x 155.70
  • Backs To Open Common Area
  • Infill Lot
  • Back and Side Yard

Home Design

  • Triplex
  • Cape Cod Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Dining Area

Flooring

  • Wood
  • Carpet

Parking

  • 6 Parking Spaces
  • 2 Driveway Spaces
  • 4 Off-Street Spaces
  • Private Parking

Outdoor Features

  • Enclosed patio or porch

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Income includes apartment rentals

Listing and Financial Details

  • The owner pays for electricity, gas, common area maintenance, insurance
  • Tax Lot 553
  • Assessor Parcel Number 07-043.10-553

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,371

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Opportunity knocks! Don't miss the chance to invest in your future. This is not your typical triplex property. Offers a quaint setting with 3 tenants in place. Close to the Riverfront attractions, I-95, Banning Park, Kirkwood Highway, restaurants and more. The main floor apartment offers an enclosed front porch with heat, living room w/ fireplace, formal dining room, a large country kitchen, bath, 3 bedrooms, and hardwood floors. (Rent $1000. month). The 2nd floor offers living room, kitchen, bath, & 2 bedrooms. (Rent $750. a month). The bottom floor consists of a 2 bedroom apartment w/ open floor plan of kitchen/dining area/living room, and full bathroom (Rent $750. a month). There is also a utility area with new gas heater (Jan. 2023) and new instant heat tankless water heater. There are brand new concrete steps and handrail leading to the front door (Apartment 1). There is a private road/driveway easement leading to back of property that offers 2 more parking spots, fenced courtyard with trees, patio for entertaining, barbecues, and family gatherings. Located in the sought after Red Clay Consolidated School District! Close to the Riverfront attractions, I-95, Kirkwood Hwy, restaurants, and more!
  • Special Features: None

Interior Features

  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Dining Area, Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Total Sq Ft: 4275
  • Living Area Sq Ft: 4275
  • Price Per Sq Ft: 98.09
  • Above Grade Finished Sq Ft: 3771
  • Below Grade Finished Sq Ft: 504
  • Total Below Grade Sq Ft: 504
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 15

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Private
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 2
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Electric Service: Circuit Breakers, Fuses
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available
  • Water Source: Public

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545
  • School District Source: Listing Agent

Lot Info

  • Lot Features: Rear Yard, Sideyard(s), Backs - Open Common Area
  • Lot Size Acres: 0.14
  • Lot Dimensions: 57.00 x 155.70
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Outdoor Living Structures: Porch(es), Enclosed, Patio(s)
  • Year Assessed: 2022
  • Zoning: NC5
  • In City Limits: No

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 3
  • Owner Pays: Electricity, Gas, Common Area Maintenance, Insurance
  • Total Actual Rent: 30000.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 1777.00
  • Tax Annual Amount: 2371.00
  • Assessor Parcel Number: 07-043.10-553
  • Tax Lot: 553
  • Tax Total Finished Sq Ft: 4275
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/12/2024

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Apr 12, 2024
Sold by
Johnston Melissa Molitor and Molitor Joseph Everett
Bought by
Aydin Yasin
Seller's Agent
Lori Schopfer
RE/MAX Associates-Wilmington
Buyer's Agent
Tony Letizia
VRA Realty
List Price
$369,900
Sold Price
$365,000
Premium/Discount to List
-$4,900
-1.32%
Total Days on Market
23
Views
181
Current Estimated Value
$441,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,363
Avg. Annual Appreciation
11.40%
Original Mortgage
$273,750
Outstanding Balance
$270,937
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$149,960
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
Aydin Yasin -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aydin Yasin $273,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2024 04/12/24 Sold $365,000 -1.3% $85 / Sq Ft
03/10/2024 03/10/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $369,900 -- $87 / Sq Ft
Source: Bright 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 $2,727 $71,900 $7,800 $64,100
2022 $2,430 $71,900 $7,800 $64,100
2021 $2,428 $71,900 $7,800 $64,100
2020 $2,535 $71,900 $7,800 $64,100
2019 $2,853 $71,900 $7,800 $64,100
2018 $2,384 $71,900 $7,800 $64,100
2017 $2,356 $71,900 $7,800 $64,100
2016 $2,249 $71,900 $7,800 $64,100
2015 $2,109 $71,900 $7,800 $64,100
2014 $1,957 $71,900 $7,800 $64,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2056352

Bright MLS

APN: 07-043.10-553