NOT LISTED FOR SALE

Estimated Value: $551,000 - $790,000

4 Beds
3 Baths
2,844 Sq Ft
$237/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $387,500 $136 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $3,918/month

143 Days on Market

Highlights

  • 2 Fireplaces
  • Furnished
  • Balcony
  • Corner Lot
  • No HOA
  • Porch

About This Home

As of March 2017

Rare opportunity to own a spectacular income-producing, carefully renovated 2850 s/f duplex in downtown Wilmington! Upstairs, you'll find 1553 s/f 2 BR/1 BA FURNISHED, elegant condo with stunning foyer, heart of pine floors, antique doorknobs, meticulously-selected fixtures, crown molding, unique bar, bright eat-in kitchen with stainless steel appliances and island, spa-like bathroom, and large living room with 2nd floor porch for enjoying evening breezes. Downstairs, with a separate entrance and private porch, this 2 BR/1 BA charming 1320 s/f unit features hardwood floors, formal dining room and classic details. Nice outdoor area and an abundance of off-street parking. Transferable termite bond & home warranty in place for your peace of mind. Too many improvements to list!

Last Agent to Sell the Property

Laura Betz

RE/MAX Essential License #216080 Listed on: 10/07/2016

RE/MAX Essential

Last Buyer's Agent

Sophie A Johnson

Sophie's Choice License #212359

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,275

Year Built

  • Built in 1923

Lot Details

  • 5,201 Sq Ft Lot
  • Lot Dimensions are 65x80x65x80
  • Corner Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Block Foundation
  • Architectural Shingle Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Furnished
  • 2 Fireplaces
  • Blinds
  • Combination Dining and Living Room
  • Home Security System

Kitchen

  • Gas Oven
  • Built-In Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Porch

Schools

  • Snipes Elementary School
  • Williston Middle School
  • New Hanover High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number R04817-039-012-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,275

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Duplex
  • Cobra Zone: No
  • Construction: Concrete
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: 2nd Floor, Basement
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 2
  • Interior Amenities: 1st Floor Master, Blinds/Shades, Furnished, Pantry, Security System
  • Laundry Location: Hookup - Dryer, Hookup - Washer
  • List Price per Sq Ft: 138.89
  • Total Heated Sq Ft: 2844.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Stucco
  • Fencing: None
  • Foundation: Block
  • Porch Balcony Deck: Balcony, Porch
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Garage And Parking Other See Remarks: Off Street
  • Parking Driveway: Off Street

Utilities

  • Appliances Equipment: Dishwasher, Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Gas, Washer
  • Cooling System: Central
  • Federal Flood Ins Avlbl: No
  • Fuel Tank: None
  • Heating System: Forced Air, Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric

Association/Amenities

  • HOA: No
  • Property Mgmt Company: No

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 5721
  • Deed Page: 1690.00
  • Lot Acres: 0.12
  • Lot Description: Corner Lot
  • Lot Dimensions: 65x80x65x80
  • Lot Sq Ft: 5201.00
  • Zoning: R-3

Rental Info

  • Pets: Possible

Tax Info

  • Tax Identifier: R04817-039-012-000
  • Tax Year: 2015
  • Total City Real Estate Property Tax: 2201.00

Multi Family

  • Number Total Units: 10

MLS Schools

  • Elementary School: Snipes
  • High School: New Hanover
  • Middle School: Williston
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2016
Closed on
Mar 17, 2017
Sold by
Connelly Edward W
Bought by
Gates Idem Phillip Andrew and Gates Idem Christina Ann
Seller's Agent
Laura Betz
RE/MAX Essential
Buyer's Agent
Sophie A Johnson
Sophie's Choice
List Price
$395,000
Sold Price
$387,500
Premium/Discount to List
-$7,500
-1.9%
Current Estimated Value
$675,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,596
Avg. Annual Appreciation
7.36%
Original Mortgage
$290,625
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2013
Sold by
Garison Donna
Bought by
Connelley Edward W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,250
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2007
Sold by
Carver Winn Properties Llc
Bought by
Connelly Edward W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 1997
Sold by
Bellois Marguerite
Bought by
Carver Winn Properties Inc

Purchase Details

Closed on
Nov 7, 1990
Sold by
Stewart Lee Guster
Bought by
Stewart Lee Guster Hrs

Purchase Details

Closed on
Jan 1, 1987
Sold by
Stewart Lee Guster
Bought by
Stewart Lee Guster

Purchase Details

Closed on
Oct 9, 1973
Sold by
Stewart George Lee Guster
Bought by
Stewart Lee Guster
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
Gates Idem Phillip Andrew $387,500 None Available
Connelley Edward W -- None Available
Connelly Edward W $320,000 None Available
Carver Winn Properties Inc $90,000 --
Stewart Lee Guster Hrs -- --
Stewart Lee Guster -- --
Stewart Lee Guster -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gates Idem Phillip Andrew $266,136
Closed Gates Idem Phillip Andrew $290,625
Previous Owner Connelley Edward W $240,250
Previous Owner Connelly Edward W $256,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2017 03/31/17 Sold $387,500 -1.9% $136 / Sq Ft
02/27/2017 02/27/17 Pending -- -- --
10/07/2016 10/07/16 For Sale $395,000 -- $139 / 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 $2,275 $261,500 $63,300 $198,200
2022 $2,223 $261,500 $63,300 $198,200
2021 $2,238 $261,500 $63,300 $198,200
2020 $2,339 $222,000 $50,000 $172,000
2019 $2,339 $222,000 $50,000 $172,000
2018 $2,339 $222,000 $50,000 $172,000
2017 $2,339 $222,000 $50,000 $172,000
2016 $2,302 $207,800 $50,000 $157,800
2015 $2,201 $207,800 $50,000 $157,800
2014 $2,107 $207,800 $50,000 $157,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100035624

Hive MLS

APN: R04817-039-012-000