NOT LISTED FOR SALE

Estimated Value: $487,000 - $586,000

3 Beds
5 Baths
1,325 Sq Ft
$405/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $525,000 $396 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,917/month

13 Days on Market

Highlights

  • Guest House
  • 2 Fireplaces
  • No HOA
  • Wood Flooring
  • Bonus Room
  • Formal Dining Room

About This Home

As of May 2024

Situated in the heart of Wilmington's historic district, this charming property offers a rare opportunity to own two homes in one of the city's most coveted locations. The main house, located at 414 South 2nd Street and built in 1876, has been tastefully remodeled and features an updated kitchen with granite countertops, cabinets, cork flooring, and stainless steel appliances. The master bedroom boasts a full bath with an original claw-foot tub, while the spacious second-floor loft serves as a third bedroom and offers ample storage and another full bathroom. The adjacent carriage house, complete with a studio kitchen, loft, and private entrance, provides additional living space and rental income potential. Both homes feature porches and enjoy a quiet, idyllic setting ideal for enjoying the sights and sounds of the historic district. Just steps away from the mile-long river walk, this property offers convenient access to some of the best local restaurants, theaters, art galleries, shops, and more. The carriage house offers the opportunity to offset expenses with rental income, This unique offering is not to be missed. Experience the charm and character of Wilmington's historic district--schedule your showing today! Buyer to verify square footage and if fireplaces are functional.

Last Agent to Sell the Property

Melanie Spencer

Intracoastal Realty Corp License #299424 Listed on: 04/10/2024

Intracoastal Realty Corp

Last Buyer's Agent

Jennifer Reinholt

Just For Buyers Realty, LLC License #304884

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,690

Year Built

  • Built in 1876

Lot Details

  • 5,445 Sq Ft Lot
  • Lot Dimensions are 33 x 165.27
  • Wood Fence
  • Front Yard
  • Property is zoned HD-R

Parking

  • On-Street Parking

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Asbestos Siding
  • Stick Built Home

Interior Spaces

  • 1,325 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Living Room
  • Formal Dining Room
  • Bonus Room
  • Storage In Attic
  • Gas Cooktop

Flooring

  • Wood
  • Cork

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Crawl Space

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Oil Above Ground
  • Electric Water Heater
  • Fuel Tank
  • Municipal Trash

Additional Features

  • Porch
  • Guest House

Community Details

  • No Home Owners Association
  • Historic District Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number R05405-033-015-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,690

Year Built

Built in 1876

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: Two
  • Year Built: 1876
  • Trash Collection: City Pick-UP
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Eave Storage
  • Basement: None
  • Dining Room Type: Formal
  • Fireplace: 2
  • Flooring: Cork, Wood
  • Heated Sq Ft: 1200 - 1399
  • Interior Amenities: 1st Floor Master
  • List Price per Sq Ft: 433.96
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5.00
  • Bedrooms: 3
  • Number Rooms: 7
  • Bedroom 1 Level: First
  • Bonus Room Level: Second
  • Dining Room Level: First
  • Kitchen Level: First
  • Laundry Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Separate Living Spcs Guest House Desc: Addtl Carriage House
  • Sq Ft Heated: 1325.00
  • Total Heated Primary Separate Sq Ft: 1325.00

Exterior Features

  • Exterior Finish: Asbestos, Wood Siding
  • Exterior Structures: Guest House
  • Fencing: Front Yard, Partial, Wood
  • Foundation: Crawl Space
  • Porch Balcony Deck: Porch
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Metal
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Parking Driveway: On Street

Utilities

  • Appliances Equipment: Cooktop - Electric, Cooktop - Gas, Dryer, Refrigerator, Washer
  • Cooling System: Central, Wall/Window Unit(s)
  • Fuel Tank: Oil Above Ground
  • Fuel Tank Ownership: Owned
  • Heating System: Forced Air
  • Service Providers Electric Provider: Duke Progress Energy
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

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

Lot Info

  • Deed Page: 1167.00
  • Lot Acres: 0.12
  • Lot Dimensions: 33 x 165.27
  • Lot Number: 4
  • Lot Sq Ft: 5445.00
  • Zoning: HD-R

Tax Info

  • Tax Identifier: R05405-033-015-000
  • Tax Year: 2023
  • Total Real Estate Property Taxes: 2690.48

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
May 22, 2024
Sold by
Baggett William J and Hungerford Dorothy A
Bought by
Oconnor Steven E
Seller's Agent
Melanie Spencer
Intracoastal Realty Corp
Buyer's Agent
Jennifer Reinholt
Just For Buyers Realty, LLC
List Price
$575,000
Sold Price
$525,000
Premium/Discount to List
-$50,000
-8.7%
Views
123
Current Estimated Value
$536,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,345
Avg. Annual Appreciation
0.32%
Original Mortgage
$498,750
Outstanding Balance
$494,454
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$32,708

Purchase Details

Closed on
Jan 1, 2001
Bought by
Lewis Dorothey Lee

Purchase Details

Closed on
Feb 28, 1991
Sold by
Parris Bobbie Jean
Bought by
Hungerford Dorothy A

Purchase Details

Closed on
Aug 6, 1990
Sold by
Lewis Dorothey Lee
Bought by
Lewis Dorothey Lee Hrs
Source: Public Records

Range of Values:

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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
Oconnor Steven E $525,000 None Listed On Document
Oconnor Steven E $525,000 None Listed On Document
Lewis Dorothey Lee -- --
Hungerford Dorothy A $4,500 --
Hungerford Dorothy A $4,500 --
Hungerford Dorothy A $4,500 --
Hungerford Dorothy A $20,500 --
Lewis Dorothey Lee Hrs -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oconnor Steven E $498,750
Closed Oconnor Steven E $498,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $525,000 -8.7% $396 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $575,000 -- $434 / 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 -- $318,400 $77,600 $240,800
2023 $0 $318,400 $77,600 $240,800
2022 $2,706 $318,400 $77,600 $240,800
2021 $2,725 $318,400 $77,600 $240,800
2020 $3,361 $319,100 $95,600 $223,500
2019 $3,361 $319,100 $95,600 $223,500
2018 $3,361 $319,100 $95,600 $223,500
2017 $3,361 $319,100 $95,600 $223,500
2016 $2,487 $224,500 $117,100 $107,400
2015 $2,377 $224,500 $117,100 $107,400
2014 $2,276 $224,500 $117,100 $107,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100437797

Hive MLS

APN: R05405-033-015-000