NOT LISTED FOR SALE

Estimated Value: $1,704,000 - $2,092,000

6 Beds
4 Baths
2,350 Sq Ft
$802/Sq Ft Est. Value

Last Sold November 01, 2019

Last sale price $882,500 $376 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $12,157/month

66 Days on Market

Highlights

  • Ocean View
  • Deck
  • Main Floor Primary Bedroom
  • Wrightsville Beach Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of November 2019

Presented for sale are (2) completely self-sufficient 3BR/2BA units located just steps from the ocean. This multi-family duplex sits on a large 60' x 88' lot with R-2 zoning. 5 Seagull is a classic beach cottage offering great potential and usage flexibility. Currently on long term rental program with gross annual income of 72K. Now is your chance to make one unit your own for secondary or primary use, while continuing to rent the other. Revitalize the interior for short term vacation rentals. Or start from scratch and build a brand new 2-unit duplex. Possibilities are endless. Walk to local shops, eateries, and more. Ocean access just a wedge shot away to enjoy great surf, sun, and sand. New 2019 roof. New 2019 lower level HVAC. Sun screen included with acceptable offer.

Last Agent to Sell the Property

Team Hardee Hunt & Williams

Hardee Hunt & Williams Listed on: 06/29/2019

Last Buyer's Agent

Kraig Marquis

Keller Williams Innovate-Wilmington License #258999

Keller Williams Innovate-Wilmington

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 5,279 Sq Ft Lot
  • Lot Dimensions are 60 x 88 x 59 x 88
  • Property is zoned R-2

Parking

  • Off-Street Parking

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Asbestos Siding
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 2,350 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Ocean Views
  • Partial Basement
  • Pull Down Stairs to Attic

Flooring

  • Wood
  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 4 Full Bathrooms

Outdoor Features

  • Outdoor Shower
  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • No Home Owners Association
  • North Shore Subdivision

Listing and Financial Details

  • Assessor Parcel Number R05720-017-009-000

Home Details

Home Type

Single Family

Year Built

Built in 1951

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: 2.0
  • Stories Levels: Two
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Stairs - Pull Down
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Tile, Vinyl, Wood
  • Heated Sq Ft: 2200 - 2399
  • Interior Amenities: Ceiling Fan(s)
  • List Price per Sq Ft: 395.32
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Bedrooms: 6
  • Number Rooms: 12
  • Sq Ft Heated: 2350.00
  • Total Heated Primary Separate Sq Ft: 2350.00

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Asbestos, Wood Siding, Vinyl Siding
  • Fencing: Partial
  • Foundation: Pilings
  • Porch Balcony Deck: Covered, Porch, Deck
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water

Association/Amenities

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

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 740.00
  • Lot Acres: 0.12
  • Lot Dimensions: 60 x 88 x 59 x 88
  • Lot Sq Ft: 5279.00
  • Plat Book: 3
  • Plat Page: 75
  • Zoning: R-2
  • Lot View Type: Ocean View

Rental Info

  • Rental Income Gross Rental Income: 72000.00

Tax Info

  • Tax Identifier: R05720-017-009-000
  • Tax Year: 2019

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2019
Closed on
Oct 28, 2019
Sold by
Broderick Jeremy M and Broderick Amy
Bought by
South Channel Properties Llc
Seller's Agent
Team Hardee Hunt & Williams
Hardee Hunt & Williams
Buyer's Agent
Kraig Marquis
Keller Williams Innovate-Wilmington
List Price
$929,000
Sold Price
$882,500
Premium/Discount to List
-$46,500
-5.01%
Current Estimated Value
$1,885,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,002,702
Avg. Annual Appreciation
12.69%
Original Mortgage
$403,625
Outstanding Balance
$357,468
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$1,403,302

Purchase Details

Listed on
Jun 29, 2019
Closed on
Oct 7, 2019
Sold by
Seagull Redevelopment Llc
Bought by
Broderick Jeremy M
Seller's Agent
Team Hardee Hunt & Williams
Hardee Hunt & Williams
Buyer's Agent
Kraig Marquis
Keller Williams Innovate-Wilmington
List Price
$929,000
Sold Price
$882,500
Premium/Discount to List
-$46,500
-5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,625
Outstanding Balance
$357,468
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$1,403,302

Purchase Details

Closed on
Apr 18, 2008
Sold by
Perry Hugh H and Perry Elizabeth V
Bought by
Seagull Redevelopment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,000
Interest Rate
6.08%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 9, 2006
Sold by
Perry Hugh H
Bought by
Perry Hugh H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.99%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 31, 2001
Sold by
Perry Mary H
Bought by
Perry Hugh H

Purchase Details

Closed on
Feb 4, 1998
Sold by
Perry Jr Mary H Hugh H
Bought by
Perry Family Trust
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
South Channel Properties Llc -- None Available
Broderick Jeremy M $882,500 None Available
Seagull Redevelopment Llc $930,000 None Available
Perry Hugh H -- None Available
Perry Hugh H -- --
Perry Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Broderick Jeremy M $403,625
Previous Owner Seagull Redevelopment Llc $695,000
Previous Owner Perry Hugh H $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2019 11/01/19 Sold $882,500 -5.0% $376 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
06/29/2019 06/29/19 For Sale $929,000 -- $395 / 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 -- $905,700 $771,000 $134,700
2023 -- $905,700 $771,000 $134,700
2022 $0 $905,700 $771,000 $134,700
2021 $4,292 $905,700 $771,000 $134,700
2020 $4,292 $628,900 $546,800 $82,100
2019 $4,292 $628,900 $546,800 $82,100
2018 $4,292 $628,900 $546,800 $82,100
2017 $4,387 $628,900 $546,800 $82,100
2016 $5,507 $728,400 $614,400 $114,000
2015 $5,150 $728,400 $614,400 $114,000
2014 $5,004 $728,400 $614,400 $114,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100173242

Hive MLS

APN: R05720-017-009-000