NOT LISTED FOR SALE

3401 N Kerr Ave Wilmington, NC 28405

Estimated Value: $374,000 - $822,000

3 Beds
1 Bath
1,707 Sq Ft
$299/Sq Ft Est. Value

Last Sold April 23, 2018

Last sale price $170,000 $100 Per Sq Ft

Est. 200% increase in value since last sale

Current estimated payment $2,850/month

75 Days on Market

Highlights

  • Barn
  • 0.74 Acre Lot
  • Fenced Yard
  • Holly Shelter Middle School Rated 9+
  • No HOA
  • Separate Outdoor Workshop

About This Home

As of April 2018

This 1915 farmhouse style home has been updated in recent years. Previous owners has installed new roof and did additional updates to bring the home up to modern day standards. Rear entry screened porch offers spacious outdoor entertaining space and two separate rear entries. According to previous owner, 24 X 24 two story barn with electric and water was added in 1986 and a 24 X 24 garage was added in 1998. This home sits on a .74 acres of land just minutes away from downtown Wilmington and most Wilmington area attractions. This property offers spacious grounds with NO HOA. Property is being sold AS-IS and seller will not be making any repairs on the property. Potential buyers are strongly encouraged to get a Home inspection as well as any other type of inspection needed.

Last Agent to Sell the Property

Andrew Kelly

RE/MAX Executive Listed on: 01/04/2018

Last Buyer's Agent

Andrew Kelly

RE/MAX Executive Listed on: 01/04/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,806

Year Built

  • Built in 1915

Lot Details

  • 0.74 Acre Lot
  • Fenced Yard
  • Property is zoned AR

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Stick Built Home
  • Composite Building Materials

Interior Spaces

  • 1,707 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Crawl Space
  • Storm Windows
  • Laundry Room

Kitchen

  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Attic

  • Permanent Attic Stairs
  • Partially Finished Attic

Parking

  • 4 Car Detached Garage
  • Off-Street Parking

Outdoor Features

  • Screened Patio
  • Separate Outdoor Workshop
  • Porch

Farming

  • Barn

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Propane
  • Well
  • Electric Water Heater
  • Fuel Tank
  • On Site Septic
  • Septic Tank

Community Details

  • No Home Owners Association
  • Security Lighting

Listing and Financial Details

  • Tax Lot 6152
  • Assessor Parcel Number R03316-004-013-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,806

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Block, Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Floored - Partial, Stairs - Perm
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Vinyl
  • Heated Sq Ft: 1600 - 1799
  • Interior Amenities: Blinds/Shades, Ceiling Fan(s)
  • Laundry Location: Room
  • List Price per Sq Ft: 102.46
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 3
  • Number Rooms: 7
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Dining Room Level: First
  • Kitchen Level: First
  • Laundry Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Sq Ft Heated: 1707.00
  • Total Heated Primary Separate Sq Ft: 1707.00

Exterior Features

  • Exterior Features: Security Lighting, Storm Windows
  • Exterior Finish: Composition
  • Exterior Structures: Barn(s), Workshop
  • Fencing: Back Yard
  • Foundation: Crawl Space
  • On Site Pool Spa: None
  • Porch Balcony Deck: Porch, Screened
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Detached Garage Spaces: 4.00
  • Garage And Parking Driveway Spaces: 4.00
  • Total Garage Spaces: 4.00
  • Parking Driveway: Off Street

Utilities

  • Appliances Equipment: Dishwasher, Microwave - Built-In
  • Cooling System: Central
  • Federal Flood Ins Avlbl: No
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Leased
  • Heating System: Forced Air, Heat Pump
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: Existing Septic System
  • Service Providers Water Provider: Existing Well
  • Utilities: Septic On Site, Well Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 600.00
  • Lot Acres: 0.74
  • Lot Dimensions: Irregular
  • Lot Number: 6152
  • Lot Sq Ft: 32234.00
  • Zoning: AR

Tax Info

  • Tax Identifier: R03316-004-013-000
  • Tax Year: 2016

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2018
Closed on
Apr 20, 2018
Sold by
Gerrell Sandra
Bought by
Duncan James T
Seller's Agent
Andrew Kelly
RE/MAX Executive
Buyer's Agent
Andrew Kelly
RE/MAX Executive
List Price
$179,000
Sold Price
$170,000
Premium/Discount to List
-$9,000
-5.03%
Current Estimated Value
$510,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,433
Avg. Annual Appreciation
15.86%
Original Mortgage
$161,500
Outstanding Balance
$138,952
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$371,481

Purchase Details

Closed on
Nov 29, 2017
Sold by
Gerrell Kenneth
Bought by
Gerreli Sandra

Purchase Details

Listed on
Sep 15, 2015
Closed on
Feb 25, 2016
Sold by
Blake John Christopher
Bought by
Gerrell Kenneth and Gerrell Sandra
Seller's Agent
Christina Block
Coldwell Banker Sea Coast Advantage-Hampstead
Buyer's Agent
Jimmy Hopkins
Intracoastal Realty Corp
List Price
$198,500
Sold Price
$162,000
Premium/Discount to List
-$36,500
-18.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.67%
Original Mortgage
$166,066
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2010
Sold by
Blake John E
Bought by
Blake John Christopher

Purchase Details

Closed on
Feb 23, 2002
Sold by
Blake Elizabeth H
Bought by
Blake John E

Purchase Details

Closed on
Oct 2, 1995
Sold by
Blake Elizabeth H
Bought by
Blake John E

Purchase Details

Closed on
Feb 19, 1992
Sold by
Blake John E Sr Elizabeth
Bought by
Blake Elizabeth H

Purchase Details

Closed on
Dec 1, 1984
Sold by
Parks Wesley W Irene H
Bought by
Blake John E Sr Elizabeth

Purchase Details

Closed on
Apr 1, 1982
Sold by
Herring Elizabeth I
Bought by
Parks Wesley W Irene H

Purchase Details

Closed on
Jun 1, 1972
Bought by
Herring Elizabeth I
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
Duncan James T $170,000 None Available
Gerreli Sandra -- None Available
Gerrell Kenneth $162,000 None Available
Blake John Christopher -- None Available
Blake John E -- --
Blake John E -- --
Blake Elizabeth H -- --
Blake John E Sr Elizabeth $25,000 --
Parks Wesley W Irene H -- --
Herring Elizabeth I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duncan James T $161,500
Previous Owner Gerrell Kenneth $166,066
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/23/2018 04/23/18 Sold $170,000 -5.0% $100 / Sq Ft
03/20/2018 03/20/18 Pending -- -- --
01/04/2018 01/04/18 For Sale $179,000 +10.5% $105 / Sq Ft
02/29/2016 02/29/16 Sold $162,000 -18.4% $94 / Sq Ft View Prior Sale
01/05/2016 01/05/16 Pending -- -- --
09/15/2015 09/15/15 For Sale $198,500 -- $115 / 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 $1,806 $490,300 $91,500 $398,800
2023 $1,806 $331,600 $70,700 $260,900
2022 $1,853 $338,400 $70,700 $267,700
2021 $1,838 $333,500 $70,700 $262,800
2020 $821 $129,800 $43,400 $86,400
2019 $821 $129,800 $43,400 $86,400
2018 $821 $129,800 $43,400 $86,400
2017 $840 $129,800 $43,400 $86,400
2016 $778 $112,200 $43,300 $68,900
2015 $723 $112,200 $43,300 $68,900
2014 $710 $112,200 $43,300 $68,900
Source: Public Records

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Map

Source: Hive MLS

MLS Number: 100095832

Hive MLS

APN: R03316-004-013-000