$487,500
SOLD JAN 28, 2025
6 Beds
2 Baths
3,526 Sq Ft
2,744 Sq Ft Lot

Recently Sold

$138 Per Sq Ft

2% Below List Price

17 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • Laundry Room
  • No HOA
  • Formal Dining Room
  • 4-minute walk to Innes Park

About This Home

As of January 2025

Attention Investors! Excellent Investment Opportunity in Historic Downtown Wilmington! Prime Location on peaceful oak lined street yet short walk to all Downtown Wilmington has to offer-restaurants, entertainment, Riverwalk, banks, businesses, churches, etc. There are two separate rental units in this property, both offering 3 bed/1 bath, living room full kitchen, & dining room. Great rental history. The adjoining three properties, (401, 405, & 41 Dock St) are for sale as well and can be purchased as a portfolio with 403 Dock. Each unit is individually metered for h2o/sewer & electricity.

Last Agent to Sell the Property

Alexander Koonce

Intracoastal Realty Corp License #151540 Listed on: 11/04/2024

Intracoastal Realty Corp

Last Buyer's Agent

S.Alexander B Koonce

Intracoastal Realty Corp. License #151540

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,180

Year Built

  • Built in 1923

Lot Details

  • 2,744 Sq Ft Lot
  • Lot Dimensions are 42x66

Home Design

  • Duplex
  • Brick Exterior Construction
  • Wood Frame Construction
  • Slate Roof
  • Shake Siding

Interior Spaces

  • 2 Bathrooms
  • 2-Story Property
  • Formal Dining Room
  • Crawl Space
  • Stove

Flooring

  • Wood
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Attic

  • Attic Floors
  • Permanent Attic Stairs

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Historic District Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number R04817-036-008-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,180

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Sub Type: Duplex
  • Appliances Equipment: Refrigerator, Stove/Oven - Electric
  • Basement: None
  • Cobra Zone: No
  • Construction: Wood Frame
  • Cooling System: Central, Heat Pump
  • Deed Page: 395.00
  • Directions To Property: Take Market Street West towards downtown. Turn left onto North 4th street. At the next intersection turn left onto Dock Street, property is the second on the left.
  • Document Count: 3
  • Elementary School: Snipes
  • Fencing: None
  • Fireplace: None
  • Foundation: Crawl Space
  • Fuel Tank: None
  • High School: New Hanover
  • H O A: No
  • H O Aand Neighborhood Amenities: No Amenities
  • Listing I D: 100474328
  • List Priceper Sq Ft: 151.65
  • Location Type: Mainland
  • Lot Acres: 0.06
  • Lot Dimensions: 42x66
  • Lot Number: 5
  • Lot Sq Ft: 2744.00
  • Lot Water Features: None
  • Marketing City: Wilmington
  • Middle School: Williston
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Covered, Porch
  • Prospect Exempt: No
  • Annual Gross Rental Income Collected: 310000
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: Cape Fear Public Utility Authority
  • Service Providers Water Provider: Cape Fear Public Utility Authority
  • Sign On Property: Yes
  • Special Assessments: None Known
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 2.0
  • Stories Levels: 1st Floor, 2nd Floor
  • Subdivision: Historic District
  • Tax Identifier: R04817-036-008-000
  • Tax Year: 2024
  • Terms: Cash, Conventional
  • Total Real Estate Property Taxes: 3179.86
  • Water Heater: Electric
  • Waterview: No
  • Year Built: 1923
  • Zoning: HD-R
  • Financials Available: Yes
  • Property Mgmt Company: No
  • Appliance: Dryer, Refrigerator, Washer, Stove/Oven - Electric
  • Cooling: Central
  • Features: Dining Room, Patio/Balcony/Deck, W/D Hookup, Kitchen, Living Room
  • Occupied: Yes
  • Rent Frequency: 1000.00
  • Rent Frequency: Monthly
  • Side Unit2 Appliance: Dryer, Stove/Oven - Electric, Washer, Refrigerator
  • Side Unit2 Cooling: Central
  • Side Unit2 Features: Dining Room, Patio/Balcony/Deck, W/D Hookup, Living Room, Kitchen
  • Side Unit2 Heating: Electric, Heat Pump
  • Side Unit2 Occupied: Yes
  • Side Unit2 Rent: 1400.00
  • Side Unit2 Rent Frequency: Monthly
  • Electric Number Meters: 2
  • Sewer: Connected
  • Sewer Number Meters: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Attic: Floored, Stairs - Perm
  • Dining Room Type: Formal
  • Flooring: Vinyl, Wood
  • Interior Amenities: Wash/Dry Connect
  • Laundry Location: Room
  • Total Bathrooms: 2.00
  • Number Bedrooms Total: 6

Exterior Features

  • Exterior Finish: Brick Veneer, Shake Siding
  • Roof: Slate
  • Waterfront: No
  • Pool Spa: None

Garage/Parking

  • Garage And Parking: None
  • Parking Driveway: None

Utilities

  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Heating: Heat Pump
  • Heating System Fuel Source: Electric
  • Water Source: Water Connected

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2025
Sold by
Chau Thanh and Tran Amy
Bought by
403 Dock Street Holdings Llc
Current Estimated Value
$663,987

Purchase Details

Listed on
Nov 4, 2024
Closed on
Jan 3, 2025
Sold by
John Hanby Debnam Living Trust and Williams Suzanne Champion
Bought by
Chau Thanh
Seller's Agent
Alexander Koonce
Intracoastal Realty Corp
Buyer's Agent
Alexander Koonce
Intracoastal Realty Corp
List Price
$495,000
Sold Price
$487,500
Premium/Discount to List
-$7,500
-1.52%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.06%
Original Mortgage
$365,625
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2019
Sold by
Hanby Debnam John
Bought by
Hanby Debnam John and John Hanby Debnam Living Trust

Purchase Details

Closed on
Mar 26, 1975
Sold by
Hanby Ione Foster Heirs
Bought by
Debnam John H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $487,500 None Listed On Document
Interfamily Deed Transfer -- None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $365,625 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2025 01/28/25 Sold $487,500 -1.5% $138 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
11/04/2024 11/04/24 For Sale $495,000 -- $140 / 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 $4,134 $702,500 $136,400 $566,100
2024 $3,180 $365,500 $72,000 $293,500
2023 $3,107 $365,500 $72,000 $293,500
2022 $3,107 $365,500 $72,000 $293,500
2021 $3,128 $365,500 $72,000 $293,500
2020 $3,237 $307,300 $72,600 $234,700
2019 $3,237 $307,300 $72,600 $234,700
2018 $3,237 $307,300 $72,600 $234,700
2017 $3,237 $307,300 $72,600 $234,700
2016 $3,281 $296,100 $90,800 $205,300
2015 $3,136 $296,100 $90,800 $205,300
2014 $3,002 $296,100 $90,800 $205,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100474328

Hive MLS

APN: R04817-036-008-000