NOT LISTED FOR SALE

Estimated Value: $663,082

4 Beds
1 Bath
2,068 Sq Ft
$321/Sq Ft Est. Value

Last Sold May 12, 2017

Last sale price $320,000 $155 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $4,140/month

38 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heat Pump System
  • No HOA
  • Wood Siding

About This Home

As of May 2017

Historic House with two levels of offices and meeting rooms. Front and Rear access to the building. Small kitchen and a bathroom on each floor. Many windows provide much natural light. Building is zoned O and I and those uses are permitted by right. Street and Leased parking is available. Lot is over 4500 square feet. The house has a front covered porch and and enclosed back yard. The Historic Sadgwar House is located on the edge of the growing Wilmington Business District, Market Street and the up and coming Soda Pop District.This Historic property provides adequate office and meeting space with the charm of the Historic building and neighborhood. Many opportunities and a great investment. Property can also be leased at $6.50-$7.50 a sq ft.

Last Agent to Sell the Property

Jeff Hovis

Intracoastal Realty Corp License #234605 Listed on: 03/08/2017

Intracoastal Realty Corp

Last Buyer's Agent

Jeff Lucas

Lucas and Associates REALTORS Inc. License #202184

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,813

Year Built

  • Built in 1977

Lot Details

  • 4,578 Sq Ft Lot
  • Lot Dimensions are 48x100
  • Property is zoned O & !

Parking

  • On-Street Parking

Home Design

  • Brick Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,068 Sq Ft Home
  • Exterior Basement Entry
  • Attic Access Panel

Flooring

  • Wood
  • Tile

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number R04817-027-010-000

Property Details

Property Type

Other

Est. Annual Taxes

$1,813

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: G
  • Sub Type: Improved
  • Sub Type2: Other
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Year Built: 1977
  • Definition: RE W/O Business
  • Space: No
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Attic: Access Only
  • Basement: Outside Entrance
  • Flooring: Tile, Wood
  • List Price per Sq Ft: 168.76
  • Sq Ft Heated: 2068.00
  • Sq Ft Apx Total: 2146.00

Exterior Features

  • Exterior Finish: Wood Siding
  • Foundation: Brick/Mortar
  • Road Type Frontage: 2 - 3 Lanes, Maintained, Public (City/Cty/St)
  • Roof: Metal
  • 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: Less than 5 Miles
  • Road Trans Access Rail: Less than 5 Miles
  • Road Trans Access State Highway: Less than 5 Miles

Garage/Parking

  • Parking Driveway: Street Only
  • Garage: No

Utilities

  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • 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
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No

Lot Info

  • Deed Book: 5319
  • Deed Page: 2969.00
  • Lot Acres: 0.11
  • Lot Description: See Others
  • Lot Dimensions: 48x100
  • Lot Sq Ft: 4578.00
  • Lot Water Features: None
  • Zoning: O & !
  • Flood Zone: No

Green Features

  • Green Bldg Features: None

Tax Info

  • Tax Identifier: R04817-027-010-000
  • Tax Year: 2015
  • Total City Real Estate Property Tax: 1813.00
  • Total Real Estate Property Taxes: 1813.00

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2018
Sold by
Redheaded Properties Llc
Bought by
A Safe Place Rei Llc
Current Estimated Value
$663,082

Purchase Details

Listed on
Mar 8, 2017
Closed on
May 12, 2017
Sold by
L & L Rentals Llc
Bought by
Redheaded Properties Llc
Seller's Agent
Jeff Hovis
Intracoastal Realty Corp
Buyer's Agent
Jeff Lucas
Lucas and Associates REALTORS Inc.
List Price
$349,000
Sold Price
$320,000
Premium/Discount to List
-$29,000
-8.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.98%

Purchase Details

Closed on
May 30, 2008
Sold by
L & L Real Estate Inc
Bought by
L & L Rentals Llc

Purchase Details

Closed on
Oct 2, 2007
Sold by
National Spiritual Assembly Of The Bahai
Bought by
L & L Real Estate Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.49%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 1, 2001
Sold by
Sadgwar Felice L Hrs
Bought by
National Spiritual Assembly

Purchase Details

Closed on
Mar 1, 1988
Sold by
Sadgwar Felice L Hrs
Bought by
National Spiritual Assembly
Source: Public Records

Range of Values:

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Average Value
Not Available
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
A Safe Place Rei Llc -- None Available
Redheaded Properties Llc $320,000 None Available
L & L Rentals Llc -- None Available
L & L Real Estate Inc $160,000 None Available
National Spiritual Assembly -- --
National Spiritual Assembly -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner L & L Real Estate Inc $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2017 05/12/17 Sold $320,000 -8.3% $155 / Sq Ft
04/15/2017 04/15/17 Pending -- -- --
03/08/2017 03/08/17 For Sale $349,000 -- $169 / 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
2025 -- $385,400 $96,700 $288,700
2023 -- $226,000 $108,200 $117,800
2022 $0 $226,000 $108,200 $117,800
2021 $658 $226,000 $108,200 $117,800
2020 $658 $62,500 $21,000 $41,500
2019 $658 $62,500 $21,000 $41,500
2018 $658 $62,500 $21,000 $41,500
2017 $658 $62,500 $21,000 $41,500
2016 $1,897 $171,200 $36,000 $135,200
2015 $1,813 $171,200 $36,000 $135,200
2014 $1,736 $171,200 $36,000 $135,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100052064

Hive MLS

APN: R04817-027-010-000