NOT LISTED FOR SALE

407 Horn Rd Unit A & B Wilmington, NC 28412

Estimated Value: $269,000 - $370,087

4 Beds
2 Baths
1,800 Sq Ft
$180/Sq Ft Est. Value

Last Sold January 19, 2022

Last sale price $300,000 $167 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,864/month

9 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Air
  • Fenced Yard
  • Luxury Vinyl Plank Tile Flooring
  • Combination Dining and Living Room

About This Home

As of January 2022

Duplex in central location but outside Wilmington city limits. Each side is two bed one bath. One side has been recently updated with new hvac, flooring, paint, kitchen, new stove and microwave. Roof new in 2017, on city water and sewer.Seller wants to sell both 407 Horn Rd and 432 Horn Rd. at roughly the same time for 1031 purposes.

Last Agent to Sell the Property

Wade Wilson

Coldwell Banker Sea Coast Advantage-Midtown License #253396 Listed on: 11/08/2021

Coldwell Banker Sea Coast Advantage-Midtown

Co-Listed By

Ashley Wilson

Coldwell Banker Sea Coast Advantage-Midtown License #275182

Last Buyer's Agent

Lee Beyer-Meley

Top Shelf Investment, LLC License #272694

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $985

Year Built

  • Built in 1977

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 99 x 202
  • Fenced Yard
  • Wood Fence

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 2 Bathrooms
  • 1-Story Property
  • Combination Dining and Living Room
  • Attic Access Panel
  • Stove
  • Laundry Room

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Schools

  • Williams Elementary School
  • Myrtle Grove Middle School
  • Ashley High School

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Silva Terra Subdivision

Listing and Financial Details

  • Assessor Parcel Number R07020-008-013-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$985

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Duplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 1st Floor
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Attic: Access Only
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, LVT/LVP
  • Interior Amenities: 1st Floor Master
  • Laundry Location: Room
  • List Price per Sq Ft: 177.78
  • Total Bathrooms: 2.00
  • Number Bedrooms Total: 4
  • Total Heated Sq Ft: 1800.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Brick Veneer
  • Fencing: Back Yard, Wood
  • Foundation: Slab
  • Porch Balcony Deck: None
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: No
  • Waterview: No
  • Pool Spa: None

Garage/Parking

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

Utilities

  • Appliances Equipment: Refrigerator, Stove/Oven - Electric
  • Cooling System: Central
  • Federal Flood Ins Avlbl: No
  • Fuel Tank: None
  • 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

Association/Amenities

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

Lot Info

  • Deed Book: 9907
  • Deed Page: 117.00
  • Lot Acres: 0.45
  • Lot Dimensions: 99 x 202
  • Lot Sq Ft: 19602.00
  • Lot Water Features: None
  • Zoning: R-15

Green Features

  • Green Bldg Certify: None
  • Green Bldg Features: None

Rental Info

  • Rental Income Gross Rental Income: 18900.00
  • Annual Gross Rental Income Collected: 10000
  • Pets: Possible

Tax Info

  • Tax Identifier: R07020-008-013-000
  • Tax Year: 2020
  • Total City Real Estate Property Tax: 121.00
  • Total Real Estate Property Taxes: 985.00

Multi Family

  • Number Total Units: 2

MLS Schools

  • Elementary School: Williams
  • High School: Ashley
  • Middle School: Myrtle Grove

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Jan 18, 2022
Sold by
Burton Wilson Ashley and Burton Wade
Bought by
Lehrer Properties Llc
Seller's Agent
Wade Wilson
Coldwell Banker Sea Coast Advantage-Midtown
Buyer's Agent
Lee Beyer-Meley
Top Shelf Investment, LLC
List Price
$320,000
Sold Price
$300,000
Premium/Discount to List
-$20,000
-6.25%
Current Estimated Value
$328,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,913
Avg. Annual Appreciation
2.38%
Original Mortgage
$310,000
Outstanding Balance
$289,182
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$37,031

Purchase Details

Closed on
Feb 1, 1977
Bought by
Burton Paul George
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
Lehrer Properties Llc $1,200 None Listed On Document
Burton Paul George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lehrer Properties Llc $310,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2022 01/19/22 Sold $300,000 -6.3% $167 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/08/2021 11/08/21 For Sale $320,000 -- $178 / 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
2023 $761 $186,000 $77,300 $108,700
2022 $1,020 $186,000 $77,300 $108,700
2021 $1,030 $186,000 $77,300 $108,700
2020 $985 $155,700 $52,500 $103,200
2019 $985 $155,700 $52,500 $103,200
2018 $985 $155,700 $52,500 $103,200
2017 $1,008 $155,700 $52,500 $103,200
2016 $949 $136,900 $52,500 $84,400
2015 $882 $136,900 $52,500 $84,400
2014 $867 $136,900 $52,500 $84,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100299970

Hive MLS

APN: R07020-008-013-000