D
Seller's Agent in 2022
Dawn Tyndall
Sterling Real Estate Group LLC
(336) 414-3014
13 in this area
38 Total Sales
223 S 5th Ave Wilmington, NC 28401
Old Wilmington NeighborhoodEstimated Value: $593,238 - $1,040,000
8
Beds
2.5
Baths
3,656
Sq Ft
$206/Sq Ft
Est. Value
Highlights
- Wood Flooring
- No HOA
- Porch
- Corner Lot
- Balcony
- Wood Siding
About This Home
As of February 2022Awesome duplex in Historic Downtown Wilmington just waiting to be returned to it's former glory! This property could be great for an investor, a buyer wanting to fix it up and live in one unit and renting the other unit, or the property could potentially be converted to a single family residence. This property has a TON of potential, but will need a full renovation.Please note that the number of bedrooms, bathrooms, and total square feet is based off of tax records. Buyer will need to verify this information. There is an easement at the back of the property for the neighboring property to access their back yard. This property is being SOLD AS-IS. Sellers will not make any repairs. All potential buyers and agents must use caution when entering the property. All showings must be scheduled through ShowingTime and all prospective buyers must be accompanied by a Real Estate Agent for showings.
Last Agent to Sell the Property
Sterling Real Estate Group LLC License #266399 Listed on: 11/27/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,648
Year Built
- Built in 1903
Lot Details
- 2,919 Sq Ft Lot
- Lot Dimensions are 35.5' x 82'
- Corner Lot
Parking
- On-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
- Wood Frame Construction
- Slate Roof
- Wood Siding
Interior Spaces
- 2.5 Bathrooms
- 2-Story Property
- Wood Flooring
- Basement
- Crawl Space
Outdoor Features
- Balcony
- Porch
Community Details
- No Home Owners Association
- Historic District Subdivision
Listing and Financial Details
- Assessor Parcel Number R05405-013-006-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 27, 2021
Closed on
Feb 8, 2022
Sold by
Revitalize Ilm Llc
Bought by
Coastal Rentals Of Charleston Llc
Seller's Agent
Dawn Tyndall
Sterling Real Estate Group LLC
Buyer's Agent
Mahala Landin
Real Broker LLC
List Price
$400,000
Sold Price
$355,000
Premium/Discount to List
-$45,000
-11.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,310
Avg. Annual Appreciation
19.06%
Original Mortgage
$524,500
Interest Rate
3.56%
Mortgage Type
Construction
Purchase Details
Listed on
Nov 20, 2020
Closed on
Mar 2, 2021
Sold by
Bell Shawn and Bell Nequan
Bought by
Revitalize Ilm Llc
Seller's Agent
Basil Williams
Keller Williams Innovate-Wilmington
Buyer's Agent
Dawn Tyndall
Sterling Real Estate Group LLC
List Price
$2,500,000
Sold Price
$1,600,000
Premium/Discount to List
-$900,000
-36%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-79.50%
Original Mortgage
$1,600,000
Interest Rate
2.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 14, 1974
Sold by
Fields George H Jr Johnnie
Bought by
Fields George H Jr Johnnie
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Coastal Rentals Of Charleston Llc | $355,000 | None Listed On Document | |
| Revitalize Ilm Llc | $1,600,000 | None Available | |
| Fields George H Jr Johnnie | $2,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Coastal Rentals Of Charleston | $850,000 | |
| Closed | Coastal Rentals Of Charleston | $650,000 | |
| Closed | Coastal Rentals Of Charleston Llc | $524,500 | |
| Previous Owner | Revitalize Ilm Llc | $1,600,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/11/2022 02/11/22 | Sold | $355,000 | -11.3% | $97 / Sq Ft |
| 02/03/2022 02/03/22 | Pending | -- | -- | -- |
| 12/20/2021 12/20/21 | For Sale | $400,000 | 0.0% | $109 / Sq Ft |
| 12/04/2021 12/04/21 | Pending | -- | -- | -- |
| 11/27/2021 11/27/21 | For Sale | $400,000 | -75.0% | $109 / Sq Ft |
| 03/02/2021 03/02/21 | Sold | $1,600,000 | -36.0% | $118 / Sq Ft |
| 01/23/2021 01/23/21 | Pending | -- | -- | -- |
| 11/19/2020 11/19/20 | For Sale | $2,500,000 | -- | $185 / Sq Ft |
Source: Hive MLS
Tax History Compared to Growth
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 | $1,824 | $209,700 | $72,300 | $137,400 |
| 2023 | $1,824 | $136,400 | $72,300 | $64,100 |
| 2022 | $3,903 | $459,200 | $72,300 | $386,900 |
| 2021 | $3,930 | $459,200 | $72,300 | $386,900 |
| 2020 | $3,648 | $346,300 | $92,400 | $253,900 |
| 2019 | $3,648 | $346,300 | $92,400 | $253,900 |
| 2018 | $3,648 | $346,300 | $92,400 | $253,900 |
| 2017 | $3,648 | $346,300 | $92,400 | $253,900 |
| 2016 | $2,763 | $249,400 | $92,400 | $157,000 |
| 2015 | $2,641 | $249,400 | $92,400 | $157,000 |
| 2014 | $2,529 | $249,400 | $92,400 | $157,000 |
Source: Public Records
Agents Affiliated with this Home
-
Dawn Tyndall
-
Mahala Landin
Buyer's Agent in 2022
Mahala Landin
Real Broker LLC
(919) 604-3862
1 in this area
8 Total Sales
-
Basil Williams
B
Seller's Agent in 2021
Basil Williams
Keller Williams Innovate-Wilmington
(910) 319-9383
7 in this area
126 Total Sales
Map
Source: Hive MLS
MLS Number: 100302528
APN: R05405-013-006-000
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