$137,500
SOLD JUN 30, 2025

2940 Oleander Dr Unit C16 Wilmington, NC 28403

Glen Meade Neighborhood
1 Bed
1 Bath
701 Sq Ft
$283/mo HOA Fee

Recently Sold

$196 Per Sq Ft

35% Below List Price

222 Days on Market

Highlights

  • Wood Flooring
  • Formal Dining Room
  • Heat Pump System
  • Main Floor Primary Bedroom

About This Home

As of June 2025

Motivated seller! This charming 1-bedroom condo offers a perfect blend of classic character and modern convenience. The unit features beautiful hardwood floors that add warmth and elegance, while the high ceilings with crown molding provide timeless appeal.Located just a short walk from Independence Mall, this condo is ideally situated for easy access to shopping, dining, and entertainment. Whether you're looking for a cozy home or a smart rental investment, this property offers both comfort and potential.

Last Agent to Sell the Property

Sara Gay

RE/MAX Executive License #315697 Listed on: 10/28/2024

Last Buyer's Agent

Aidan Smith

Destination Realty Corporation, LLC License #358340

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $881

Year Built

  • Built in 1940

HOA Fees

  • $283 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Stick Built Home

Interior Spaces

  • 701 Sq Ft Home
  • 1-Story Property
  • Formal Dining Room
  • Termite Clearance

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Community Details

  • Cepco Association, Phone Number (910) 395-1500
  • Oleander Court Condominiums Subdivision

Listing and Financial Details

  • Assessor Parcel Number R05416-011-003-016

Property Details

Home Type

Condominium

Est. Annual Taxes

$881

Year Built

Built in 1940

Lot Details

0

HOA Fees

$283 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 2nd Floor Unit
  • Year Built: 1940
  • Trash Collection: City Pick-UP
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Attic: None
  • Basement: None
  • Dining Room Type: Formal
  • Fireplace: None
  • Flooring: Tile, Wood
  • Heated Sq Ft: 600 - 799
  • Laundry Location: Laundry Closet
  • List Price per Sq Ft: 228.25
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 1
  • Sq Ft Heated: 701.00
  • Total Heated Primary Separate Sq Ft: 701.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Brick
  • Fencing: None
  • Foundation: Brick/Mortar
  • On Site Pool Spa: None
  • Porch Balcony Deck: None
  • Road Type Frontage: Paved
  • Roof: Architectural Shingle
  • Waterfront: No

Garage/Parking

  • Parking Driveway: Assigned

Utilities

  • Appliances Equipment: Dryer, Washer, Refrigerator, Electric Oven
  • Cooling System: Central Air
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: Cape Fear Public Utility Authority
  • Service Providers Water Provider: Cape Fear Public Utility Authority
  • Utilities: Sewer Available, Water Available
  • Water Heater: Electric
  • Internet Service Provider: Spectrum
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Termite Bond, Trash
  • HOAAssociationFee1Year: 3400.00
  • HOAAssociationName: Cepco
  • HOAAssociationPhone: 9103951500

Lot Info

  • Deed Page: 158.00
  • Lot Water Features: None
  • Zoning: MF-M

Green Features

  • Green Bldg Features: None

Tax Info

  • Tax Identifier: R05416-011-003-016
  • Tax Year: 2024
  • Total Real Estate Property Taxes: 881.31

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2024
Closed on
Jun 26, 2025
Sold by
Simpson Frazier Dianne and Holden Frazier Dianne
Bought by
Dream Home Real Estate Group Inc
Seller's Agent
Sara Gay
RE/MAX Executive
Buyer's Agent
Aidan Smith
Destination Realty Corporation, LLC
List Price
$210,000
Sold Price
$137,500
Premium/Discount to List
-$72,500
-34.52%
Views
87
Current Estimated Value
$140,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,604
Avg. Annual Appreciation
5.85%

Purchase Details

Closed on
Oct 12, 2006
Sold by
Asbury Priscilla
Bought by
Simpson Frazier Dianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,500
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2003
Sold by
Oneal Louis G Laura S
Bought by
Asbury Priscilla

Purchase Details

Closed on
Dec 22, 1999
Sold by
Fouts Jerry W
Bought by
O'Neal Louis G Laura S

Purchase Details

Closed on
Oct 25, 1994
Sold by
Smith Robert Tucker Jr Carol E
Bought by
Fouts Jerry W

Purchase Details

Closed on
Mar 26, 1993
Sold by
Hill Roger P Ann
Bought by
Smith Robert Tucker

Purchase Details

Closed on
Jul 1, 1988
Sold by
Tidewater Associates
Bought by
Hill Roger P

Purchase Details

Closed on
Jan 1, 1984
Sold by
New Hanover Housing Corp
Bought by
Tidewater Associates
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 Type Sale Price Title Company
Warranty Deed $137,500 Tryon Title
Warranty Deed $99,500 None Available
Deed $58,500 --
Deed $54,500 --
Deed $37,000 --
Deed $28,000 --
Deed -- --
Deed $880,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $99,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2025 06/30/25 Sold $137,500 -14.1% $196 / Sq Ft
06/17/2025 06/17/25 Pending -- -- --
06/10/2025 06/10/25 Price Changed $160,000 -8.6% $228 / Sq Ft
04/25/2025 04/25/25 Price Changed $175,000 -5.4% $250 / Sq Ft
03/07/2025 03/07/25 Price Changed $185,000 -2.6% $264 / Sq Ft
01/06/2025 01/06/25 Price Changed $190,000 -9.5% $271 / Sq Ft
11/06/2024 11/06/24 For Sale $210,000 -- $300 / 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
2025 $1,078 $183,100 $0 $183,100
2024 $881 $101,300 $0 $101,300
2023 $881 $101,300 $0 $101,300
2022 $861 $101,300 $0 $101,300
2021 $867 $101,300 $0 $101,300
2020 $663 $62,900 $0 $62,900
2019 $663 $62,900 $0 $62,900
2018 $663 $62,900 $0 $62,900
2017 $663 $62,900 $0 $62,900
2016 $626 $56,500 $0 $56,500
2015 $598 $56,500 $0 $56,500
2014 $573 $56,500 $0 $56,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100473165

Hive MLS

APN: R05416-011-003-016