$487,500
SOLD JAN 28, 2025
5 Beds
3 Baths
3,222 Sq Ft
2,919 Sq Ft Lot

Recently Sold

$151 Per Sq Ft

7% Below List Price

17 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • Central Air
  • No HOA
  • Laundry Room
  • 5-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 three separate rental units in this property, one 3 bed/1bath and two 1bed/1 bath units . Great rental history. The adjoining three properties, (401, 403 & 41 Dock St) are for sale as well and can be purchased as a portfolio with 405 Dock. Each unit is individually metered for h2o/sewer and 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

Alexander Koonce

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

Intracoastal Realty Corp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,138

Year Built

  • Built in 1923

Lot Details

  • 2,919 Sq Ft Lot
  • Lot Dimensions are 44x66

Home Design

  • Triplex
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3 Bathrooms
  • 2-Story Property
  • Crawl Space
  • Pull Down Stairs to Attic
  • Stove

Flooring

  • Wood
  • Vinyl

Laundry

  • Laundry Room
  • Dryer
  • Washer

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

  • Assessor Parcel Number R04817-036-009-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,138

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Sub Type: Triplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: 1st Floor, 2nd Floor
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Attic: Stairs - Pull Down
  • Basement: None
  • Dining Room Type: Kitchen
  • Fireplace: None
  • Flooring: Vinyl, Wood
  • Interior Amenities: Wash/Dry Connect
  • Laundry Location: Closet, Room
  • List Price per Sq Ft: 156.67
  • Total Bathrooms: 3.00
  • Number Bedrooms Total: 5

Exterior Features

  • Exterior Finish: Wood Siding
  • Fencing: None
  • Foundation: Crawl Space
  • Porch Balcony Deck: Covered, Porch
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Garage And Parking: None
  • Parking Driveway: None

Utilities

  • Appliances Equipment: Dryer, Washer, Stove/Oven - Electric, Refrigerator
  • Cooling System: Central, Heat Pump
  • Fuel Tank: None
  • 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: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric
  • Sewer: Connected
  • Water Source: Water Connected

Association/Amenities

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

Lot Info

  • Deed Page: 395.00
  • Lot Acres: 0.07
  • Lot Dimensions: 44x66
  • Lot Sq Ft: 2919.00
  • Lot Water Features: None
  • Plat Book: 00
  • Plat Page: 00
  • Special Assessments: None Known
  • Zoning: HD-R

Rental Info

  • Rental Income Gross Rental Income: 36600.00
  • Annual Gross Rental Income Collected: 2023

Tax Info

  • Tax Identifier: R04817-036-009-000
  • Tax Year: 2024
  • Total Real Estate Property Taxes: 3138.09

Multi Family

  • Number Total Units: 3

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2025
Sold by
Chau Thanh and Tran Amy
Bought by
405 Dock Street Holdings Llc
Current Estimated Value
$531,596

Purchase Details

Listed on
Nov 4, 2024
Closed on
Jan 3, 2025
Sold by
John Hanby Debnam Living Trust and Champion Ilm Holdings Llc
Bought by
Chau Thanh
Seller's Agent
Alexander Koonce
Intracoastal Realty Corp
Buyer's Agent
Alexander Koonce
Intracoastal Realty Corp
List Price
$525,000
Sold Price
$487,500
Premium/Discount to List
-$37,500
-7.14%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.17%
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
Jul 11, 2018
Sold by
Folk Edgar Estes and Williams Marcus Lars
Bought by
Champion Ilm Holdings Llc

Purchase Details

Closed on
Jan 8, 1993
Sold by
Debnam Adrrienne H Heirs
Bought by
Debnam John Hanby

Purchase Details

Closed on
Jan 1, 1992
Sold by
Debnam Adrrienne H
Bought by
Debnam Adrrienne H Heirs

Purchase Details

Closed on
Jan 1, 1991
Sold by
Debnam F A Adrienne H
Bought by
Debnam Adrrienne H

Purchase Details

Closed on
Jan 22, 1959
Sold by
Hanby Howard A Ione F
Bought by
Debnam F A Adrienne 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 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 Of Distribution -- None Available
Deed -- --
Deed -- --
Deed -- --
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 -7.1% $151 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
11/04/2024 11/04/24 For Sale $525,000 -- $163 / 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 $3,138 $360,700 $72,300 $288,400
2023 $3,066 $360,700 $72,300 $288,400
2022 $3,066 $360,700 $72,300 $288,400
2021 $3,087 $360,700 $72,300 $288,400
2020 $3,204 $304,200 $74,100 $230,100
2019 $3,204 $304,200 $74,100 $230,100
2018 $3,204 $304,200 $74,100 $230,100
2017 $3,204 $304,200 $74,100 $230,100
2016 $3,147 $284,000 $92,500 $191,500
2015 $3,008 $284,000 $92,500 $191,500
2014 $2,880 $284,000 $92,500 $191,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100474562

Hive MLS

APN: R04817-036-009-000