NOT LISTED FOR SALE

Estimated Value: $341,000 - $428,000

3 Beds
2 Baths
1,900 Sq Ft
$198/Sq Ft Est. Value

Last Sold July 16, 2019

Last sale price $105,000 $55 Per Sq Ft

Est. 258% increase in value since last sale

Current estimated payment $2,130/month

91 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Central Air
  • Corner Lot
  • Porch
  • Floor Furnace

About This Home

As of July 2019

Investors take note! Income-producing duplex on a large corner lot located minutes from historic downtown Wilmington. Property needs some work, but with a bit of TLC could easily be made into a profitable rental or converted into a single family home.

Last Agent to Sell the Property

Jordan Manning

Nest Realty Listed on: 01/15/2019

Last Buyer's Agent

Samira Davis

Coldwell Banker Sea Coast Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,670

Year Built

  • Built in 1928

Lot Details

  • 8,276 Sq Ft Lot
  • Chain Link Fence
  • Corner Lot

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding

Interior Spaces

  • 2 Bathrooms
  • 2-Story Property
  • Wood Flooring
  • Partial Basement
  • Washer and Dryer Hookup

Parking

  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Schools

  • Gregory Math/Science Elementary School
  • Williston Middle School
  • New Hanover High School

Utilities

  • Central Air
  • Floor Furnace

Listing and Financial Details

  • Assessor Parcel Number R05406-024-001-000

Community Details

Overview

  • No Home Owners Association

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,670

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Duplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: 1st Floor, 2nd Floor
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: None
  • Flooring: Wood
  • Interior Amenities: Wash/Dry Connect
  • List Price per Sq Ft: 71.05
  • Total Bathrooms: 2.00
  • Number Bedrooms Total: 3
  • Total Heated Sq Ft: 1900.00

Exterior Features

  • Exterior Features: Mail on Site, Trash on Site
  • Exterior Finish: Asbestos
  • Fencing: Chain Link, Partial
  • Foundation: Slab
  • Porch Balcony Deck: Porch
  • Road Type Frontage: Maintained, Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Parking Driveway: Off Street, On Site

Utilities

  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Wall/Floor Furnace
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town

Association/Amenities

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

Lot Info

  • Deed Book: 1712
  • Deed Page: 155.00
  • Lot Acres: 0.19
  • Lot Description: Corner Lot
  • Lot Dimensions: Irregular
  • Lot Sq Ft: 8276.00
  • Zoning: R-3

Rental Info

  • Pets: No

Tax Info

  • Tax Identifier: R05406-024-001-000
  • Tax Year: 2018

Multi Family

  • Number Total Units: 2

MLS Schools

  • Elementary School: Gregory Math/Science
  • High School: New Hanover
  • Middle School: Williston

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2024
Sold by
Apto Enterprises 2 Llc
Bought by
Lion Investment Group Llc
Current Estimated Value
$375,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2021
Sold by
Apto Enterprises Llc
Bought by
Apto Enterprises 2 Llc

Purchase Details

Closed on
Aug 25, 2020
Sold by
Better Call Saul Llc
Bought by
Apto Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,208,000
Interest Rate
2.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 2020
Sold by
Apto Enterprises Llc
Bought by
Apto Enterprises 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,208,000
Interest Rate
2.96%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 15, 2019
Closed on
Jul 15, 2019
Sold by
Bowens James Harold
Bought by
Better Call Saul Llc
Seller's Agent
Jordan Manning
Nest Realty
Buyer's Agent
Samira Davis
Coldwell Banker Sea Coast Advantage
List Price
$135,000
Sold Price
$105,000
Premium/Discount to List
-$30,000
-22.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.38%
Original Mortgage
$85,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 6, 2014
Sold by
Sternberger Solomon
Bought by
Devane Thomas H

Purchase Details

Closed on
Oct 22, 1993
Sold by
Bowens Samuel E Lula B
Bought by
Bowens James Harold

Purchase Details

Closed on
Sep 29, 1987
Sold by
Corbett Marguerite C
Bought by
Bowens Samuel Lula

Purchase Details

Closed on
Apr 7, 1936
Sold by
Crawley Robert H
Bought by
Devane Thomas H Leila H
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
Lion Investment Group Llc $330,000 None Listed On Document
Apto Enterprises 2 Llc -- None Available
Apto Enterprises Llc $1,580,500 None Available
Apto Enterprises Llc -- None Available
Apto Enterprises 2 Llc $1,575,000 None Available
Better Call Saul Llc -- None Available
Better Call Saul Llc $105,000 None Available
Devane Thomas H -- --
Bowens James Harold -- --
Bowens Samuel Lula $35,000 --
Devane Thomas H Leila H -- --
Crawley Robert H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lion Investment Group Llc $214,500
Previous Owner Apto Enterprises 2 Llc $1,208,000
Previous Owner Better Call Saul Llc $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2019 07/16/19 Sold $105,000 -22.2% $55 / Sq Ft
04/16/2019 04/16/19 Pending -- -- --
01/15/2019 01/15/19 For Sale $135,000 -- $71 / 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
2024 $1,670 $192,000 $50,900 $141,100
2023 $1,622 $192,000 $50,900 $141,100
2022 $1,313 $192,000 $50,900 $141,100
2021 $1,643 $192,000 $50,900 $141,100
2020 $1,064 $101,000 $39,000 $62,000
2019 $1,064 $101,000 $39,000 $62,000
2018 $1,064 $101,000 $39,000 $62,000
2017 $1,064 $101,000 $39,000 $62,000
2016 $1,182 $106,700 $41,100 $65,600
2015 $1,130 $106,700 $41,100 $65,600
2014 $1,082 $106,700 $41,100 $65,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100145982

Hive MLS

APN: R05406-024-001-000