207 N Water St Elizabeth City, NC 27909
Downtown Elizabeth City NeighborhoodEstimated payment $10,036/month
Highlights
- Ceramic Tile Flooring
- Central Heating and Cooling System
- 2-minute walk to Moth Boat Park
About This Home
This listing is for three commercial condos (201, 205 & 207 N. Water Street) and one residential condo (203B N. Water Street) - Listing is for real estate only, not tenant businesses! The current tenants are thriving, and not for sale. Note: two seller principles also own two of the tenant businesses. If purchased as an investment property, nothing needs to be done to these units but collect the rent! Owning these units also results in voting control over the Association. There is some flexibility should a buyer want to owner occupy a unit. Like all the units in Water Street Commons, the high-end finishes such as exposed brick and marble flooring will accommodate any top tier office or retailer's needs and impress customers. This building is a beautifully finished with well-maintained spaces. A national investment firm as one of the tenants. Units 201, 205 & 207 are sold subject to Tenancy. The luxury 3-bedroom 2.5 bath residential unit, 203B is rented weekly and managed by sellers. Be a part of the Elizabeth City renaissance in the heart of the waterfront business district by proudly owning this property! This unit is an excellent investment and a must see! Call Broker for additional information.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,133
Year Built
- Built in 2007
Home Design
- Slab Foundation
- Rubber Roof
- Masonry
Flooring
- Ceramic Tile Flooring
Utilities
- Central Heating and Cooling System
- Heat Pump System
Community Details
- 4 Units
Listing and Financial Details
- Tax Lot Units 207+
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $2,098 | $159,400 | $0 | $0 |
| 2023 | $2,109 | $159,400 | $0 | $0 |
| 2022 | $2,098 | $159,400 | $0 | $0 |
| 2021 | $1,722 | $102,100 | $0 | $0 |
| 2020 | $1,627 | $102,100 | $0 | $0 |
| 2019 | $1,963 | $125,800 | $22,800 | $79,300 |
| 2018 | $1,963 | $125,800 | $0 | $0 |
| 2017 | $1,973 | $125,800 | $0 | $0 |
| 2016 | $1,960 | $125,800 | $0 | $0 |
| 2014 | -- | $125,800 | $22,800 | $103,000 |
| 2013 | -- | $179,200 | $15,300 | $163,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2025 06/11/25 | For Sale | $1,674,600 | +458.4% | -- |
| 06/11/2025 06/11/25 | For Sale | $299,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $76,000 | -- | |
| Trustee Deed | $103,360 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $215,400 | Unknown | |
| Previous Owner | $213,300 | New Conventional |
Source: Outer Banks Association of REALTORS®
MLS Number: 129603
APN: 892202593192
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