NOT LISTED FOR SALE

1506 Kornegay Ave Wilmington, NC 28405

Estimated Value: $202,000 - $251,372

3 Beds
1.5 Baths
1,400 Sq Ft
$160/Sq Ft Est. Value

Last Sold November 03, 2016

Last sale price $46,000 $33 Per Sq Ft

Est. 388% increase in value since last sale

Current estimated payment $1,314/month

102 Days on Market

Highlights

  • Bonus Room
  • Patio
  • Combination Dining and Living Room
  • Community Basketball Court
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of November 2016

Great investment opportunity, home is being sold as is and is in need of some repairs. Home is listed as a 3 bedroom home but can easily be converted into a 4 bedroom home. Lots of space for a large family, we have had a number of calls about possibly renting the home. Seller is motivated to sell therefore renting is not an option.

Last Agent to Sell the Property

Jason Worthy

Keller Williams Innovate-Wilmington Listed on: 06/26/2016

Last Buyer's Agent

Jason Worthy

Keller Williams Innovate-Wilmington Listed on: 06/26/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,419

Year Built

  • Built in 1971

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 70x120
  • Property is zoned R-7

HOA Fees

  • $15 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Stick Built Home

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Bonus Room

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number R04808-001-005-000

Community Details

Overview

  • Creekwood Subdivision

Recreation

  • Community Basketball Court

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,419

Year Built

Built in 1971

Lot Details

0

HOA Fees

$15 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Heated Sq Ft: 1400 - 1599
  • Interior Amenities: 1st Floor Master
  • List Price per Sq Ft: 40.71
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Bedroom 1 Level: Main
  • Bedroom 2 Level: Main
  • Bonus Room Level: Main
  • Living Room Level: Main
  • Primary Bedroom Level: Main
  • Sq Ft Heated: 1400.00
  • Total Heated Primary Separate Sq Ft: 1400.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Brick
  • Fencing: None
  • Foundation: Slab
  • Porch Balcony Deck: Patio
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Garage And Parking: None
  • Parking Driveway: Paved

Utilities

  • Cooling System: Wall/Window Unit(s)
  • Fuel Tank: None
  • Heating System: Forced Air

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Basketball Court
  • HOAAssociationFee1Year: 180.00

Lot Info

  • Deed Page: 986.00
  • Lot Acres: 0.16
  • Lot Dimensions: 70x120
  • Lot Sq Ft: 6970.00
  • Zoning: R-7

Tax Info

  • Tax Identifier: R04808-001-005-000
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2016
Closed on
Oct 11, 2016
Sold by
Galloway Tommycita Michelle
Bought by
Gutierrez Venustiano Espinoza
Seller's Agent
Jason Worthy
Keller Williams Innovate-Wilmington
Buyer's Agent
Jason Worthy
Keller Williams Innovate-Wilmington
List Price
$67,500
Sold Price
$46,000
Premium/Discount to List
-$21,500
-31.85%
Current Estimated Value
$224,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,343
Avg. Annual Appreciation
19.27%

Purchase Details

Closed on
Jun 27, 1995
Sold by
Wilmington Housing Authority
Bought by
Brown Shirley B

Purchase Details

Closed on
Jun 1, 1974
Bought by
Housing Authority City Wilm
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
Gutierrez Venustiano Espinoza $46,000 None Available
Brown Shirley B -- --
Housing Authority City Wilm $16,300 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2016 11/03/16 Sold $46,000 -31.9% $33 / Sq Ft
10/06/2016 10/06/16 Pending -- -- --
06/26/2016 06/26/16 For Sale $67,500 -- $48 / 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 $1,419 $241,200 $40,700 $200,500
2023 $1,228 $141,100 $48,700 $92,400
2022 $1,199 $141,100 $48,700 $92,400
2021 $1,208 $141,100 $48,700 $92,400
2020 $791 $75,100 $22,500 $52,600
2019 $791 $75,100 $22,500 $52,600
2018 $791 $75,100 $22,500 $52,600
2017 $791 $75,100 $22,500 $52,600
2016 $950 $85,700 $27,000 $58,700
2015 $908 $85,700 $27,000 $58,700
2014 $869 $85,700 $27,000 $58,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jason Worthy

    Keller Williams Innovate-Wilmington

See All Agents

Map

Source: Hive MLS

MLS Number: 100018411

Hive MLS

APN: R04808-001-005-000

North Carolina New Hanover County Wilmington 28405

1506 Kornegay Ave, Wilmington, NC

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