315 S 3rd St Wilmington, NC 28401
Old Wilmington Neighborhood
--
Bed
--
Bath
3,662
Sq Ft
0.28
Acres
Highlights
- 0.28 Acre Lot
- Wood Flooring
- No HOA
- Deck
- 3 Fireplaces
- Covered patio or porch
About This Home
As of May 2025Presented for sale is a 3800 square foot 4-unit apartment building located in the heart of downtown Wilmington on 3rd Street between Ann and Nun. The building has a historic plaque and features 3 ample size one-bedroom units ranging in size from 683-870 square feet as well as a large 1500 square foot three-bedroom unit. There is plenty of off street parking on this oversized .28 acre lot unusually large for a downtown lot. The rental history has been very stable and the building is professionally managed. Downtown shopping and restaurants are just a few blocks away, easy walking distance. Current rent roll is $3460 with very few increases since the depths of the recession in 2009.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Carolina Premier Properties License #256611 Listed on: 02/07/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,199
Year Built
- Built in 1865
Lot Details
- 0.28 Acre Lot
- Lot Dimensions are 60x201x62x201
Home Design
- Quadruplex
- Block Foundation
- Wood Frame Construction
- Membrane Roofing
- Wood Siding
Interior Spaces
- 2-Story Property
- Ceiling height of 9 feet or more
- Ceiling Fan
- 3 Fireplaces
- Fire and Smoke Detector
- Dishwasher
Flooring
- Wood
- Tile
Laundry
- Laundry closet
- Washer and Dryer Hookup
Parking
- Shared Driveway
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Deck
- Covered patio or porch
Schools
- Snipes Elementary School
- Williston Middle School
- New Hanover High School
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Downtown Subdivision
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number R05405-020-003-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2024
Closed on
Apr 24, 2025
Sold by
Crazynlove Llc
Bought by
Muller Adam Douglas and Muller Raquel Ruth
Seller's Agent
Jennifer Bullock Team
RE/MAX Executive
Buyer's Agent
Andrea Arth
Arth Real Estate Group LLC
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Views
61
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%
Original Mortgage
$787,500
Outstanding Balance
$787,500
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$278,500
Purchase Details
Listed on
Jul 29, 2022
Closed on
Oct 20, 2022
Sold by
Luu Phong & Lindzey Loan
Bought by
Crazynlove Llc
Seller's Agent
Lauren Mintz
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Jennifer Bullock Team
RE/MAX Executive
List Price
$799,000
Sold Price
$735,000
Premium/Discount to List
-$64,000
-8.01%
Views
63
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.89%
Original Mortgage
$330,000
Interest Rate
6.7%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 7, 2017
Closed on
Apr 22, 2017
Sold by
Denise Failor Michael G and Denise Robioheau Failor
Bought by
Gray Christopher Layne
Seller's Agent
Peter Sweyer
Berkshire Hathaway HomeServices Carolina Premier Properties
Buyer's Agent
Lauren Mintz
Intracoastal Realty Corporation
List Price
$450,000
Sold Price
$428,700
Premium/Discount to List
-$21,300
-4.73%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$433,116
Interest Rate
4.21%
Mortgage Type
VA
Purchase Details
Closed on
Sep 25, 2006
Sold by
Hardison Kevin and Clark Gloria
Bought by
Denise Failor Michael G and Denise Robioheau Failor
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 9, 2002
Sold by
Cramer Geoff
Bought by
Hardison Kevin Gloria Clark
Purchase Details
Closed on
Jan 1, 2001
Sold by
Mruchison David May C
Bought by
Murchison David Dr May C
Purchase Details
Closed on
May 29, 1998
Sold by
Hoover Arthur C Susan F
Bought by
Cramer Geoff
Purchase Details
Closed on
Jan 12, 1994
Sold by
Kennedy Thomas M Merrimon
Bought by
Hoover Arthur C Susan F
Purchase Details
Closed on
Mar 7, 1990
Sold by
Kennedy Design/Build Inc
Bought by
Kennedy Thomas M
Purchase Details
Closed on
Mar 23, 1989
Sold by
Murchison May C Hrs
Bought by
Kennedy Design/Build Inc
Similar Homes in Wilmington, NC
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,050,000 | None Listed On Document | |
| Warranty Deed | $1,050,000 | None Listed On Document | |
| Deed | -- | -- | |
| Warranty Deed | $429,000 | None Available | |
| Warranty Deed | $550,000 | None Available | |
| Deed | $262,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $249,000 | -- | |
| Deed | $154,000 | -- | |
| Deed | -- | -- | |
| Deed | $98,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $787,500 | New Conventional | |
| Closed | $787,500 | New Conventional | |
| Previous Owner | $330,000 | New Conventional | |
| Previous Owner | $512,820 | VA | |
| Previous Owner | $433,116 | VA | |
| Previous Owner | $412,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2025 05/15/25 | Sold | $1,050,000 | -4.5% | $287 / Sq Ft |
| 02/14/2025 02/14/25 | Pending | -- | -- | -- |
| 02/14/2025 02/14/25 | For Sale | $1,100,000 | 0.0% | $300 / Sq Ft |
| 02/10/2025 02/10/25 | Pending | -- | -- | -- |
| 02/05/2025 02/05/25 | Off Market | $1,100,000 | -- | -- |
| 01/14/2025 01/14/25 | For Sale | $1,100,000 | 0.0% | $300 / Sq Ft |
| 01/07/2025 01/07/25 | Pending | -- | -- | -- |
| 12/30/2024 12/30/24 | Price Changed | $1,100,000 | -7.6% | $300 / Sq Ft |
| 11/07/2024 11/07/24 | For Sale | $1,190,000 | +61.9% | $325 / Sq Ft |
| 10/20/2022 10/20/22 | Sold | $735,000 | -8.0% | $201 / Sq Ft |
| 09/21/2022 09/21/22 | Pending | -- | -- | -- |
| 09/16/2022 09/16/22 | For Sale | $799,000 | 0.0% | $218 / Sq Ft |
| 08/27/2022 08/27/22 | Pending | -- | -- | -- |
| 08/18/2022 08/18/22 | Price Changed | $799,000 | -2.0% | $218 / Sq Ft |
| 07/29/2022 07/29/22 | For Sale | $815,000 | +90.1% | $223 / Sq Ft |
| 04/24/2017 04/24/17 | Sold | $428,700 | -4.7% | $117 / Sq Ft |
| 02/28/2017 02/28/17 | Pending | -- | -- | -- |
| 02/07/2017 02/07/17 | For Sale | $450,000 | -- | $123 / 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 | $4,528 | $520,500 | $91,900 | $428,600 |
| 2023 | $4,424 | $520,500 | $91,900 | $428,600 |
| 2022 | $4,424 | $520,500 | $91,900 | $428,600 |
| 2021 | $4,454 | $520,500 | $91,900 | $428,600 |
| 2020 | $3,847 | $365,200 | $127,400 | $237,800 |
| 2019 | $3,847 | $365,200 | $127,400 | $237,800 |
| 2018 | $3,847 | $365,200 | $127,400 | $237,800 |
| 2017 | $3,847 | $365,200 | $127,400 | $237,800 |
| 2016 | $4,199 | $379,000 | $153,600 | $225,400 |
| 2015 | $4,014 | $379,000 | $153,600 | $225,400 |
| 2014 | $3,843 | $379,000 | $153,600 | $225,400 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Bullock Team
J
Seller's Agent in 2025
Jennifer Bullock Team
RE/MAX
(910) 408-4802
7 in this area
639 Total Sales
-
Andrea Arth
A
Buyer's Agent in 2025
Andrea Arth
Arth Real Estate Group LLC
(910) 297-4245
2 in this area
48 Total Sales
-
L
Seller's Agent in 2022
Lauren Mintz
Coldwell Banker Sea Coast Advantage
-
Jennifer Bullock
Buyer's Agent in 2022
Jennifer Bullock
RE/MAX
(910) 512-4080
6 in this area
464 Total Sales
-
Peter Sweyer
Seller's Agent in 2017
Peter Sweyer
Berkshire Hathaway HomeServices Carolina Premier Properties
(910) 256-0021
1 in this area
78 Total Sales
Map
Source: Hive MLS
MLS Number: 100046782
APN: R05405-020-003-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC
Nearby Homes