NOT LISTED FOR SALE
5 Beds
5.5 Baths
3,310 Sq Ft
10,559 Sq Ft Lot

Last Sold December 16, 2020

Last sale price $1,200,000 $363 Per Sq Ft

15 Days on Market

Highlights

  • 0.24 Acre Lot
  • 3 Fireplaces
  • Covered patio or porch
  • Wood Flooring
  • No HOA
  • 4-minute walk to Dram Tree Park

About This Home

As of December 2020

Unique Historic District home with 5 individual condos, a bed and breakfast permit and grandfathered short term rentals use! The Charity-Prescott House (c.1837) at 415 S Front Street is set upon a double lot above Front Street just a short stroll to Riverwalk and downtown. The home consists of five historic ''condos'' with 8 deeded parking spaces. All five of the units are permitted to be rented nightly as a grandfathered use that predates the city's Short Term Rentals ordinance. There are no other multi family str rentals in the entire city and this grandfathered use is transferable upon sale. The Prescott house underwent a mid 2000s full renovation by Plantation Builders. The scope of work included adding a second story to the back, siding, mechanicals and a two part (metal over membrane) roof system. Although condo-ed, owner prefers to sell all five units together as a package. Agent/Owners will consider breaking up upon the appropriate interest of multiple parties (Contact agent for details and potential pricing). Sold furnished with exclusions.See you on the porch!

Last Agent to Sell the Property

David Billitto

Coastal Select Properties License #305267 Listed on: 08/17/2020

Last Buyer's Agent

Andrea Arth

Arth Real Estate Group LLC License #273169

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1837

Lot Details

  • 10,559 Sq Ft Lot
  • Lot Dimensions are 66x165x66x165
  • Property fronts an alley

Home Design

  • Quadruplex
  • Brick or Stone Mason
  • Wood Frame Construction
  • Membrane Roofing
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 5.5 Bathrooms
  • 2-Story Property
  • Ceiling Fan
  • 3 Fireplaces
  • Combination Dining and Living Room
  • Wood Flooring
  • Crawl Space
  • Attic Access Panel

Kitchen

  • Stove
  • Built-In Microwave

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Shared Driveway
  • Dirt Driveway
  • Unpaved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Covered patio or porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number R05405-033-004-000

Community Details

Overview

  • No Home Owners Association
  • Master Insurance
  • Historic District Subdivision
  • Maintained Community

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Security Lighting

Property Details

Home Type

Multi-Family

Year Built

Built in 1837

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Quadruplex
  • Cobra Zone: No
  • Construction: Brick/Stone, Wood Frame
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: 1st Floor, 2nd Floor
  • Year Built: 1837
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Attic: Access Only
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: 3+
  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s)
  • Laundry Location: Room
  • List Price per Sq Ft: 377.64
  • Total Bathrooms: 5.50
  • Number Bedrooms Total: 5
  • Total Heated Sq Ft: 3310.00

Exterior Features

  • Exterior Features: Mail on Site, Security Lighting, Trash on Site
  • Exterior Finish: Wood Siding
  • Fencing: None
  • Foundation: Crawl Space
  • Porch Balcony Deck: Balcony, Covered, Porch
  • Road Type Frontage: Alley, Public (City/Cty/St)
  • Roof: Membrane, Metal
  • Waterfront: No
  • Waterview: No
  • Pool Spa: None

Garage/Parking

  • Garage And Parking Other See Remarks: Off Street Parking
  • Parking Driveway: Dirt, Off Street, On Site, Shared, Unpaved

Utilities

  • Appliances Equipment: Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Washer
  • Cooling System: Central
  • 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

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Cable, Laundry Facility, Maint - Comm Areas, Maint - Ext Bldg, Maint - Grounds, Master Insure, Sewer, Trash Removal
  • Property Mgmt Company: No

Lot Info

  • Deed Book: 5740
  • Deed Page: 2852.00
  • Lot Acres: 0.24
  • Lot Dimensions: 66x165x66x165
  • Lot Sq Ft: 10559.00
  • Lot Water Features: None
  • Zoning: HDR

Rental Info

  • Pets: Yes

Tax Info

  • Tax Identifier: R05405-033-004-000
  • Tax Year: 2020

Multi Family

  • Number Total Units: 4

MLS Schools

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

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2020 12/16/20 Sold $1,200,000 -4.0% $363 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $1,250,000 -- $378 / Sq Ft
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100232633

Hive MLS