NOT LISTED FOR SALE

Estimated Value: $588,000 - $853,000

5 Beds
3 Baths
3,351 Sq Ft
$214/Sq Ft Est. Value

Sale Details

Date Sold: January 28, 2025

Last sale price $487,500 $145 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,246 / mo

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 Corporation License #151540 Listed on: 11/06/2024

Intracoastal Realty Corporation

Last Buyer's Agent

Alexander Koonce

Intracoastal Realty Corporation License #151540 Listed on: 11/06/2024

Intracoastal Realty Corporation

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
  • Property fronts a state road

Home Design

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

Interior Spaces

  • 5 Bedrooms
  • 2-Story Property
  • Dining Area
  • Crawl Space
  • Pull Down Stairs to Attic
  • Electric Oven

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

Listing and Financial Details

  • Assessor Parcel Number R04817-036-009-000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Historic District Subdivision
  • Park Manager: No

Building Details

  • Gross Income $36,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,138

Year Built

Built in 1923

Lot Details

2,919 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1923
  • Property Sub Type: Triplex
  • Appliances: Electric Oven, Washer, Refrigerator, Dryer
  • Original List Price: 525000.00
  • Is New Construction?: No
  • Island Or Mainland: Mainland
  • Prospect Exempt Y N: No
  • Remarks And Showing Info Recording Device Y N: No
  • Remarks Written By Agent Y N: Yes
  • Year Gross Rental Income Collected: 2023
  • List Price Per Sqft: 156.67
  • Special Features: None

Interior Features

  • Basement: None
  • Dining Room Type: Kitchen
  • Flooring: Vinyl, Wood
  • Interior Amenities: Wash/Dry Connect
  • Laundry Location: Laundry Closet, Laundry Room
  • Stories: 2
  • Furnished: Unfurnished
  • Laundry Features: Laundry Closet, Laundry Room
  • Total Bedrooms: 5
  • Has Fireplace?: No
  • Room Types: Dining Area
  • Bathrooms Total Source: MLS
  • Bathrooms Total Notational: 3.00
  • Attic Features: Pull-Down Stairs

Exterior Features

  • Exterior Finish: Wood Siding
  • Fencing: None
  • Roof: Shingle
  • Road Frontage Type: City Street, State Road, Paved
  • Road Surface Type: Paved
  • Waterfront Features: None
  • Waterfront?: No
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Covered, Porch

Garage/Parking

  • Has Attached Garage?: No
  • Has Attached Garage?: No
  • Parking Features: None

Utilities

  • Utilities: Sewer Available, Sewer Connected, Water Available, Water Connected
  • Water Heater: Electric
  • Heating System Fuel Source: Electric
  • Water Source: Public
  • Cooling: Central Air, Heat Pump
  • Has Cooling?: Yes
  • Heating: Heat Pump, Electric
  • Heating Yn: Yes
  • Fuel Tank Details: None
  • Sewer Provider: Municipal Sewer, Cape Fear Public Utility Authority
  • Electric Provider: Duke Energy
  • Water Provider: Cape Fear Public Utility Authority

Condo/Co-op/Association

  • Association Amenities: None
  • Has H O A?: No

Fee Information

  • Park Manager Name: No

Schools

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

Lot Info

  • Deed Book: 6231
  • Deed Page: 395.00
  • Zoning: HD-R
  • Lot Size Acres: 0.07
  • Lot Size: 44x66
  • Lot Size Sq Ft: 2919.00
  • Purchase Contract Date: 2024-11-19
  • Parcel#: R04817-036-009-000
  • Cobra Zone Y N: No
  • Permitted Use: Public

Rental Info

  • Lease Incl: Home

Tax Info

  • Tax Year: 2024
  • Tax Block: 00
  • Tax Book Number: 00
  • Tax Map Number: R04817-036-009-000
  • Tax Other Assessment Amount Frequency: None Known
  • Tax Amount: 3138.09

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2025
Sold by
Bought by
Current Estimated Value
$717,990

Purchase Details

Listed on
Nov 6, 2024
Closed on
Jan 3, 2025
Sold by
Bought by
Seller's Agent
Alexander Koonce
Intracoastal Realty Corporation
Buyer's Agent
Alexander Koonce
Intracoastal Realty Corporation
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
29.45%
Original Mortgage
$365,625
Interest Rate
0.066%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2019
Sold by
Bought by

Purchase Details

Closed on
Jul 11, 2018
Sold by
Bought by

Purchase Details

Closed on
Jan 8, 1993
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1992
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1991
Sold by
Bought by

Purchase Details

Closed on
Jan 22, 1959
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$487,500 None Listed On Document
-- None Available
-- None Available
-- --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $365,625
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/28/2025 01/28/25 Sold $487,500 -7.1% $145 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
11/04/2024 11/04/24 For Sale $525,000 -- $157 / Sq Ft
Source: Hive MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,011 $681,600 $137,200 $544,400
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

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