NOT LISTED FOR SALE

1602 Kornegay Ave Wilmington, NC 28405

Estimated Value: $175,000 - $244,391

4 Beds
2 Baths
1,360 Sq Ft
$163/Sq Ft Est. Value

Last Sold March 29, 2012

Last sale price $53,000 $39 Per Sq Ft

Est. 317% increase in value since last sale

Current estimated payment $1,252/month

415 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Carpet
  • Laundry Room
  • Combination Dining and Living Room
  • 1-Story Property

About This Home

As of March 2012

Affordable home for first time buyers or Great investment property. New paint and laminate flooring. Large master bedroom. Tenant occupied but lease grants landlord right to terminate upon sale should new owner want to occupy. $900 a month Rental Income. ***Bank Approved Price! Only Full Priced Offers Considered

Last Agent to Sell the Property

Randy Harmon

Keller Williams Innovate-Wilmington Listed on: 12/21/2010

Last Buyer's Agent

Mike Bain

Realty World-Cape Fear

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,138

Year Built

  • Built in 1971

Lot Details

  • 6,186 Sq Ft Lot
  • Lot Dimensions are 65x96
  • Property is zoned R-7

Home Design

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

Interior Spaces

  • 1,360 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Creekwood Subdivision

Listing and Financial Details

  • Tax Lot 5686
  • Assessor Parcel Number 312812.95.5897.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,138

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 1971
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Vinyl, Laminate
  • Heated Sq Ft: 0 - 200, 1200 - 1399
  • Laundry Location: Room
  • List Price per Sq Ft: 37.50
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 4
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Dining Room Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Sq Ft Heated: 1360.00
  • Total Heated Primary Separate Sq Ft: 1360.00

Exterior Features

  • Exterior Finish: Brick
  • Foundation: Slab
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle

Garage/Parking

  • Parking Driveway: Off Street, Paved

Utilities

  • Appliances Equipment: Refrigerator
  • Cooling System: Central
  • Heating System: Forced Air

Association/Amenities

  • HOA: No

Lot Info

  • Deed Page: 1376.00
  • Lot Acres: 0.14
  • Lot Dimensions: 65x96
  • Lot Number: 5686
  • Lot Sq Ft: 6186.00
  • Zoning: R-7

Tax Info

  • Tax Identifier: 312812.95.5897.000

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2010
Closed on
Mar 6, 2012
Sold by
Mcerlean John R and Mcerlean Julie D
Bought by
Jones Paul
Seller's Agent
Randy Harmon
Keller Williams Innovate-Wilmington
Buyer's Agent
Mike Bain
Realty World-Cape Fear
List Price
$85,000
Sold Price
$53,000
Premium/Discount to List
-$32,000
-37.65%
Current Estimated Value
$221,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,130
Avg. Annual Appreciation
11.08%

Purchase Details

Closed on
Feb 10, 2006
Sold by
Reichow Michael W
Bought by
Mcerlean John R and Mcerlean Julie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
6.14%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 7, 2001
Sold by
Maitin Lawrence S Sub Trustee
Bought by
Riechow Michael W

Purchase Details

Closed on
Jul 28, 1994
Sold by
Wilmington Housing Authority
Bought by
Boone Charles H

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
Jones Paul $53,000 None Available
Mcerlean John R $80,000 None Available
Riechow Michael W $33,000 --
Boone Charles H -- --
Housing Authority City Wilm $16,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcerlean John R $62,000
Previous Owner Mcerlean John R $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2012 03/29/12 Sold $53,000 -37.6% $39 / Sq Ft
02/09/2012 02/09/12 Pending -- -- --
12/21/2010 12/21/10 For Sale $85,000 -- $63 / 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 $1,138 $193,300 $39,400 $153,900
2023 $1,071 $123,100 $47,600 $75,500
2022 $1,046 $123,100 $47,600 $75,500
2021 $1,053 $123,100 $47,600 $75,500
2020 $417 $39,600 $22,500 $17,100
2019 $417 $39,600 $22,500 $17,100
2018 $417 $39,600 $22,500 $17,100
2017 $769 $73,000 $22,500 $50,500
2016 $786 $70,900 $27,000 $43,900
2015 $751 $70,900 $27,000 $43,900
2014 $719 $70,900 $27,000 $43,900
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Randy Harmon

    Keller Williams Innovate-Wilmington

  • M

    Buyer's Agent in 2012

    Mike Bain

    Realty World-Cape Fear

See All Agents

Map

Source: Hive MLS

MLS Number: 30457651

Hive MLS

APN: R04808-001-004-000

North Carolina New Hanover County Wilmington 28405

1602 Kornegay Ave, Wilmington, NC

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