NOT LISTED FOR SALE

Estimated Value: $1,080,000 - $1,367,000

3 Beds
2.5 Baths
3,017 Sq Ft
$383/Sq Ft Est. Value

Last Sold August 12, 2021

Last sale price $845,000 $280 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $8,048/month

56 Days on Market

Highlights

  • Community Boat Slip
  • River View
  • Solid Surface Countertops
  • Boat Slip
  • Wood Flooring
  • Balcony

About This Home

As of August 2021

Imagine being within walking distance of everything historic downtown Wilmington has to offer, yet tucked away at the peaceful southern edge of The Riverwalk. Governors Landing is an exclusive community that provides its few fortunate residents with an urban oasis. Poised above the Cape Fear, this prime end unit offers unparalleled views and a boat slip just out the back door. Its modern design and luxurious finishes make this home elegant yet warm and welcoming. Rich wood floors are found throughout all levels of this unit. The kitchen offers gorgeous cabinetry, granite counters, under-cabinet lighting, a gas range, stainless appliances, and a unique tile backsplash. French doors lead from the bright and open living room to the charming patio overlooking the river. Relax and watch the boats go by as the sunset paints the sky. The master bedroom with its own deck also offers phenomenal views. The master bath has a double vanity and a large tiled shower. The laundry room is conveniently located near all three bedrooms and includes a sink and granite counter. The hall bath has a gorgeous vanity and tiled shower/tub combination. The huge bonus room and loft offer plenty of flex space to meet your needs. The pool table is included! The sellers had UV protection installed on the windows so your furnishings and artwork will be shielded from sun damage. A one car garage and driveway providing an additional parking space make this truly a unique downtown opportunity. Let the HOA take care of landscaping and exterior maintenance while you enjoy all of the area's recreational and cultural activities. Insurance (flood, wind & hail, and homeowner's), water, sewer, and trash are also included with the HOA dues. Dues are higher than in past years due to some special projects that were completed in 2021. Owners anticipate the dues coming back down in the future. The sellers have never experienced any flooding issues.

Last Agent to Sell the Property

Teresa Krebs

Coastal Select Properties License #233419 Listed on: 05/21/2021

Last Buyer's Agent

Joana Cappi

RE/MAX Executive License #241300

RE/MAX Executive

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,552

Year Built

  • Built in 2005

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 20 x 90
  • River Front
  • Decorative Fence

HOA Fees

  • $1,650 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 3,017 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • River Views
  • Partial Basement
  • Pest Guard System

Kitchen

  • Gas Cooktop
  • Stove
  • Range Hood
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Boat Slip
  • Balcony
  • Patio

Location

  • Flood Insurance May Be Required

Utilities

  • Central Air
  • Heat Pump System
  • Natural Gas Connected
  • Co-Op Water

Listing and Financial Details

  • Assessor Parcel Number R05308013014000

Community Details

Overview

  • Master Insurance
  • Governors Landing Subdivision
  • Maintained Community

Recreation

  • Community Boat Slip

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,552

Year Built

Built in 2005

Lot Details

0

HOA Fees

$1,650 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Townhouse
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 3.0
  • Stories Levels: 3 Story or More
  • Year Built: 2005
  • Road Frontage Type: River Front
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Tile, Wood
  • Heated Sq Ft: 3000 - 3499
  • Interior Amenities: Blinds/Shades, Solid Surface, Walk-In Closet, Walk-in Shower, Foyer, Ceiling Fan(s)
  • Laundry Location: Room
  • List Price per Sq Ft: 290.02
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedrooms: 3
  • Number Rooms: 9
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Dining Room Level: First
  • Family Room Level: Third
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: Second
  • Other Level: Third
  • Sq Ft Heated: 3017.00
  • Total Heated Primary Separate Sq Ft: 3017.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Wood Siding
  • Fencing: Metal/Ornamental, Partial
  • Foundation: Slab
  • Porch Balcony Deck: Balcony, Patio
  • Road Type Frontage: Paved
  • Roof: Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 1.00
  • Total Garage Spaces: 1.00
  • Parking Driveway: Off Street, Paved

Utilities

  • Appliances Equipment: Cooktop - Gas, Stove/Oven - Electric, Washer, Vent Hood, Refrigerator, Dryer, Dishwasher
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Natural Gas Connected, Municipal Water

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Boat Slip - Assign, Pest Control, Water, Trash, Sewer, Flood Insurance, Master Insure, Maintenance Structure, Maint - Grounds, Maint - Comm Areas
  • HOAAssociationFee1Year: 19800.00

Lot Info

  • Deed Page: 103.00
  • Lot Acres: 0.04
  • Lot Dimensions: 20 x 90
  • Lot Sq Ft: 1742.00
  • Lot Water Features: Boat Slip, Waterfront Comm
  • Plat Book: 323
  • Plat Page: 48
  • Zoning: HD-R
  • Lot View Type: River View, Water View

Tax Info

  • Tax Identifier: R05308013014000
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2022
Sold by
Margolis Jay H and Margolis Melissa C
Bought by
Jay H Margolis Revocable Trust and Melissa C Margolis Revocable Trust
Current Estimated Value
$1,155,651

Purchase Details

Listed on
May 21, 2021
Closed on
Aug 10, 2021
Sold by
Cooper Michael Scott and Cooper Louise D
Bought by
Margolis Jay H and Margolis Melissa C
Seller's Agent
Teresa Krebs
Coastal Select Properties
Buyer's Agent
Joana Cappi
RE/MAX Executive
List Price
$875,000
Sold Price
$845,000
Premium/Discount to List
-$30,000
-3.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.72%

Purchase Details

Listed on
Mar 3, 2018
Closed on
Apr 26, 2018
Sold by
West Violet H
Bought by
Cooper Michael Scott and Cooper Louise D
Seller's Agent
Peter Sweyer
Berkshire Hathaway HomeServices Carolina Premier Properties
Buyer's Agent
Teresa Krebs
Coastal Select Properties
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.68%
Original Mortgage
$506,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 18, 2014
Closed on
Apr 21, 2014
Sold by
Karl Melvin B and Karl Peter Anne
Bought by
West Violet H
Seller's Agent
Carla Lewis
Intracoastal Realty Corp
Buyer's Agent
Keith Beatty
Intracoastal Realty Corp
List Price
$659,000
Sold Price
$620,000
Premium/Discount to List
-$39,000
-5.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%
Original Mortgage
$75,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 8, 2006
Sold by
Gmc Real Estate Inc
Bought by
Karl Melvin B and Karl Peter Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
6.14%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 13, 2004
Sold by
Jpsd Inc
Bought by
Gmc Real Estate Inc
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
Jay H Margolis Revocable Trust -- --
Margolis Jay H $845,000 None Available
Cooper Michael Scott $800,000 None Available
West Violet H $620,000 None Available
Karl Melvin B $740,000 None Available
Gmc Real Estate Inc $1,625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cooper Michael Scott $506,000
Previous Owner West Violet H $75,000
Previous Owner Karl Melvin B $592,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2021 08/12/21 Sold $845,000 -3.4% $280 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $875,000 +9.4% $290 / Sq Ft
04/30/2018 04/30/18 Sold $800,000 -5.9% $271 / Sq Ft
03/19/2018 03/19/18 Pending -- -- --
03/03/2018 03/03/18 For Sale $850,000 +37.1% $288 / Sq Ft
04/28/2014 04/28/14 Sold $620,000 -5.9% $214 / Sq Ft
04/21/2014 04/21/14 Pending -- -- --
03/18/2014 03/18/14 For Sale $659,000 -- $227 / 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 $3,552 $816,600 $150,000 $666,600
2022 $0 $816,600 $150,000 $666,600
2021 $6,634 $775,400 $150,000 $625,400
2020 $6,634 $629,800 $200,000 $429,800
2019 $6,634 $629,800 $200,000 $429,800
2018 $6,634 $629,800 $200,000 $429,800
2017 $6,634 $629,800 $200,000 $429,800
2016 $7,180 $648,000 $200,000 $448,000
2015 $6,862 $648,000 $200,000 $448,000
2014 $6,571 $648,000 $200,000 $448,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100272653

Hive MLS

APN: R05308-013-014-000