NOT LISTED FOR SALE

Estimated Value: $419,108 - $580,000

5 Beds
3.5 Baths
1,241 Sq Ft
$407/Sq Ft Est. Value

Last Sold February 05, 2019

Last sale price $285,000 $230 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,123/month

8 Days on Market

Highlights

  • Second Kitchen
  • Wood Flooring
  • Formal Dining Room
  • John T. Hoggard High School Rated A-
  • No HOA
  • 4-minute walk to Wallace Park

About This Home

As of February 2019

A great investment opportunity. Two separate homes on a double sized lot with 3 leases generating gross monthly income of $2430. The main house is a one-story 3 BR, 2 Bath home (2110 sq. ft) and the cottage is a two-story 2 BR 1.5 Bath home (1083 sq. ft.) for a combined total of 5 BRs, 3.5 Baths and 3193 sq. ft. Both structures had a NEW ROOF in December 2018. The main house has a charming layout that includes a living room, formal dining room, kitchen and small sunroom. 2 BRs at the front of the home share a bathroom. The 3rd BR, in the rear, has a kitchenette and full bath and is currently rented out separately as a studio apartment with separate access. The cottage has a living room, kitchen, dining area, and large bedroom down, with a bedroom and loft area upstairs. There is off

Last Agent to Sell the Property

Monica Rolquin

RE/MAX Essential Listed on: 01/04/2019

Last Buyer's Agent

Sherri Ingle

Intracoastal Realty Corp

Intracoastal Realty Corp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,411

Year Built

  • Built in 1934

Lot Details

  • 7,457 Sq Ft Lot
  • Lot Dimensions are 66 x 113 x 66 x 113
  • Fenced Yard
  • Chain Link Fence

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Formal Dining Room
  • Crawl Space
  • Attic Access Panel

Kitchen

  • Second Kitchen
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Vinyl Plank

Bedrooms and Bathrooms

  • Bedroom Suite
  • 3.5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Tandem Parking
  • Unpaved Parking
  • Off-Street Parking

Schools

  • Forest Hills Elementary School
  • Williston Middle School
  • Hoggard High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Carolina Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number R05407-009-014-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,411

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Duplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 1st Floor, 2nd Floor
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Attic: Access Only
  • Basement: None
  • Dining Room Type: Combination, Formal
  • Fireplace: None
  • Flooring: Vinyl, Wood
  • Interior Amenities: 1st Floor Master, 2nd Kitchen, Apt/Suite, Ceiling Fan(s), Pantry, Wash/Dry Connect
  • Laundry Location: Room
  • List Price per Sq Ft: 87.69
  • Total Bathrooms: 3.50
  • Number Bedrooms Total: 5

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Stucco, Vinyl Siding
  • Fencing: Back Yard, Chain Link
  • Foundation: Crawl Space, Slab
  • Porch Balcony Deck: None
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No
  • Pool Spa: None

Garage/Parking

  • Garage And Parking: Tandem
  • Garage And Parking Driveway Spaces: 4.00
  • Parking Driveway: Off Street, Unpaved

Utilities

  • Appliances Equipment: Dishwasher, Dryer, Refrigerator, Stove/Oven - Electric, Washer
  • Cooling System: Central, Wall/Window Unit(s)
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Forced Air, Other-See Remarks
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Sewer Provider: Cape Fear Public Utility Authority
  • Service Providers Water Provider: Cape Fear Public Utility Authority
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric, Natural Gas

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities
  • Property Mgmt Company: Yes

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 46.00
  • Lot Acres: 0.17
  • Lot Dimensions: 66 x 113 x 66 x 113
  • Lot Sq Ft: 7457.00
  • Lot Water Features: None
  • Zoning: R-5

Green Features

  • Green Bldg Certify: None
  • Green Bldg Features: None

Rental Info

  • Rental Income Gross Rental Income: 2430.00

Tax Info

  • Tax Identifier: R05407-009-014-000
  • Tax Year: 2018
  • Total City Real Estate Property Tax: 2411.00
  • Total Real Estate Property Taxes: 2411.00

Multi Family

  • Number Total Units: 3

MLS Schools

  • Elementary School: Forest Hills
  • High School: Hoggard
  • Middle School: Williston
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2019
Closed on
Jan 28, 2019
Sold by
Graham Christopher C
Bought by
Hoelscher Travis
Seller's Agent
Monica Rolquin
RE/MAX Essential
Buyer's Agent
Sherri Ingle
Intracoastal Realty Corp
List Price
$280,000
Sold Price
$285,000
Premium/Discount to List
$5,000
1.79%
Current Estimated Value
$533,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,206
Avg. Annual Appreciation
10.13%
Original Mortgage
$228,000
Outstanding Balance
$202,438
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$331,125

Purchase Details

Closed on
Jun 26, 2018
Sold by
Baldo Marina
Bought by
Graham Christopher C

Purchase Details

Closed on
Aug 20, 2004
Sold by
Hobbs Helen B
Bought by
Graham Christopher C

Purchase Details

Closed on
Dec 15, 1992
Sold by
Mercer Evelyn Jones
Bought by
Hobbs Helen B

Purchase Details

Closed on
Feb 7, 1975
Sold by
Mercer Evelyn Jones
Bought by
Hobbs Helen B

Purchase Details

Closed on
Jul 3, 1943
Sold by
Mercer Zou
Bought by
Mercer Evelyn Jones
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
Hoelscher Travis $285,000 None Available
Graham Christopher C -- None Available
Graham Christopher C $150,000 --
Hobbs Helen B -- --
Hobbs Helen B $12,000 --
Mercer Evelyn Jones -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoelscher Travis $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2019 02/05/19 Sold $285,000 +1.8% $230 / Sq Ft
01/12/2019 01/12/19 Pending -- -- --
01/04/2019 01/04/19 For Sale $280,000 0.0% $226 / Sq Ft
01/11/2018 01/11/18 Rented $975 0.0% --
01/11/2018 01/11/18 For Rent $975 +8.9% --
04/01/2017 04/01/17 Rented $895 0.0% --
03/02/2017 03/02/17 Under Contract -- -- --
02/28/2017 02/28/17 For Rent $895 -5.8% --
01/27/2016 01/27/16 Rented $950 -4.5% --
01/27/2016 01/27/16 For Rent $995 +4.7% --
07/05/2014 07/05/14 Rented $950 0.0% --
07/05/2014 07/05/14 Under Contract -- -- --
06/19/2014 06/19/14 For Rent $950 -- --
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 $2,131 $244,900 $58,400 $186,500
2022 $2,082 $244,900 $58,400 $186,500
2021 $2,096 $244,900 $58,400 $186,500
2020 $2,411 $228,900 $62,800 $166,100
2019 $2,411 $228,900 $62,800 $166,100
2018 $2,411 $228,900 $62,800 $166,100
2017 $2,411 $228,900 $62,800 $166,100
2016 $2,256 $203,600 $70,200 $133,400
2015 $2,156 $203,600 $70,200 $133,400
2014 $2,065 $203,600 $70,200 $133,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100144769

Hive MLS

APN: R05407-009-014-000