NOT LISTED FOR SALE

Wilmington, NC 28401

The Bottom Neighborhood

Estimated Value: $327,000 - $395,000

4 Beds
1 Bath
1,508 Sq Ft
$234/Sq Ft Est. Value

Last Sold February 06, 2012

Last sale price $13,000 $9 Per Sq Ft

Est. 2,619% increase in value since last sale

Current estimated payment $2,047/month

353 Days on Market

Highlights

  • No HOA
  • Central Air
  • 1-Story Property

About This Home

As of February 2012

Here is your opportunity to own a home in downtown Wilmington for LESS than the average area rent. This home may quality for a rehab loan through FHA or the City Of Wilmington's HOP Program. With a little elbow grease , you could have a cash flowing investment or an affordable home in an area convenient to schools, churches, bus lines and all that historic downtown Wilmington has to offer. This property is a foreclosure and no repairs will be made by the seller.

Last Agent to Sell the Property

Bob McCorkle

Intracoastal Realty Corp License #32520 Listed on: 02/01/2011

Last Buyer's Agent

John Horton

Laney Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,624

Year Built

  • Built in 1903

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 30x150
  • Property is zoned R-5

Home Design

  • Stick Built Home

Interior Spaces

  • 1,508 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air

Community Details

  • No Home Owners Association
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 312706.27.7797.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,624

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 1903
  • Special Features: 1028
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Fireplace: None
  • Heated Sq Ft: 0 - 200, 1400 - 1599
  • List Price per Sq Ft: 16.57
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 4
  • Number Rooms: 6
  • Primary Bedroom Level: First
  • Sq Ft Heated: 1508.00
  • Total Heated Primary Separate Sq Ft: 1508.00

Exterior Features

  • Foundation: Crawl Space

Utilities

  • Cooling System: Central
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water

Association/Amenities

  • HOA: No

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 371.00
  • Lot Acres: 0.11
  • Lot Dimensions: 30x150
  • Lot Sq Ft: 4792.00
  • Zoning: R-5

Tax Info

  • Tax Identifier: 312706.27.7797.000

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2022
Sold by
Terra 1 Llc
Bought by
Cape Fear Collective Impact Opportunity 2 Llc
Current Estimated Value
$353,520

Purchase Details

Closed on
Jan 28, 2022
Sold by
Terra 11 Llc
Bought by
Cape Fear Collective Impact Opportunity 2 Llc

Purchase Details

Closed on
Jul 27, 2020
Sold by
Tj Real Estate Holdings Llc
Bought by
Terra 11 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,200
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 2018
Sold by
Olson Portfolio 2B Llc
Bought by
Tj Real Estate Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,255,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 24, 2016
Sold by
Ritz Development4 Llc
Bought by
Olson Portfolio 2 Llc

Purchase Details

Listed on
Feb 1, 2011
Closed on
Feb 13, 2012
Sold by
City Of Wilmington
Bought by
Ritz Development 4 Llc
Seller's Agent
Bob McCorkle
Intracoastal Realty Corp
Buyer's Agent
John Horton
Laney Real Estate Co.
List Price
$40,000
Sold Price
$13,000
Premium/Discount to List
-$27,000
-67.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.85%

Purchase Details

Closed on
Apr 23, 2010
Sold by
Stevens Rosaland
Bought by
The City Of Wilmington

Purchase Details

Closed on
Jan 1, 2001
Bought by
Webb Jessie L

Purchase Details

Closed on
Nov 22, 1991
Sold by
Webb Isaac Irene
Bought by
Stevens Rosaland

Purchase Details

Closed on
Jan 1, 1990
Sold by
Webb Jessie L
Bought by
Webb Jessie L Hrs
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cape Fear Collective Impact Opportunity 2 Llc -- Harris S Hunt
Cape Fear Collective Impact Opportunity 2 Llc $473,500 None Listed On Document
Terra 11 Llc $479,000 None Available
Tj Real Estate Holdings Llc $6,000,000 None Available
Olson Portfolio 2 Llc $1,177,500 None Available
Ritz Development 4 Llc $13,000 None Available
The City Of Wilmington $61,418 None Available
Webb Jessie L -- --
Stevens Rosaland -- --
Webb Jessie L Hrs -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Terra 11 Llc $383,200
Previous Owner Tj Real Estate Holdings Llc $5,255,000
Previous Owner Olson Portfolio 2B Llc $4,456,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2012 02/06/12 Sold $13,000 -67.5% $9 / Sq Ft
01/20/2012 01/20/12 Pending -- -- --
02/01/2011 02/01/11 For Sale $40,000 -- $27 / 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 $1,624 $186,700 $46,300 $140,400
2022 $1,587 $186,700 $46,300 $140,400
2021 $1,598 $186,700 $46,300 $140,400
2020 $806 $76,500 $32,700 $43,800
2019 $806 $76,500 $32,700 $43,800
2018 $0 $76,500 $32,700 $43,800
2017 $806 $76,500 $32,700 $43,800
2016 $825 $74,500 $31,000 $43,500
2015 $789 $74,500 $31,000 $43,500
2014 $755 $74,500 $31,000 $43,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Bob McCorkle

    Intracoastal Realty Corp

    (910) 256-4503

    4 in this area

    105 Total Sales

    Bob McCorkle
    Section Image

  • J

    Buyer's Agent in 2012

    John Horton

    Laney Real Estate Co.

See All Agents

Source: Hive MLS

MLS Number: 30458979

Hive MLS

APN: R05406-014-005-000

North Carolina New Hanover County Wilmington 28401

The Bottom

This home since 01 February 2011 and is currently estimated at $353,520, approximately $234 per square foot. This property was built in 1903. This home is a home located in New Hanover County with nearby schools including Snipes Academy of Arts & Design, Williston Middle School, and New Hanover High School.

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