NOT LISTED FOR SALE

505 Peabody Alley Wilmington, NC 28401

Hemenway Neighborhood

Estimated Value: $368,000 - $452,000

3 Beds
2.5 Baths
1,396 Sq Ft
$287/Sq Ft Est. Value

Last Sold March 23, 2023

Last sale price $317,100 $227 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,381/month

2 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Thermal Windows
  • No HOA
  • Fenced Yard
  • Laundry closet

About This Home

As of March 2023

*** HIGHEST AND BEST BY 3PM FRIDAY 2/3/2023***Welcome to 505 Peabody Alley, a 3 bed/2.5 bath home located just off 5th Avenue, adjacent to the Brooklyn Arts District. This home has great rental potential and is within walking distance to local downtown pubs, the new North Front Amphitheater and Cape Fear Community College. Tucked away on a quiet alley with off street parking, this home boasts new flooring throughout and awaits a personal touch inside, while a fully fenced back yard and open decking off the kitchen offer a great space for outdoor gatherings and entertainment!

Last Agent to Sell the Property

Team Bailey & Company

Coldwell Banker Sea Coast Advantage License #219238 Listed on: 02/02/2023

Coldwell Banker Sea Coast Advantage

Last Buyer's Agent

Knox Harris

Cadence Realty Corporation License #302894

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,302

Year Built

  • Built in 2006

Lot Details

  • 1,396 Sq Ft Lot
  • Property fronts an alley
  • Fenced Yard
  • Wood Fence
  • Property is zoned HD-R

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Stick Built Home

Interior Spaces

  • 1,396 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Blinds
  • Combination Dining and Living Room
  • Partial Basement
  • Fire and Smoke Detector
  • Laundry closet

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Unpaved Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Rankin Place North Subdivision

Listing and Financial Details

  • Assessor Parcel Number R04813-034-006-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,302

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: A
  • 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: 2006
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, LVT/LVP
  • Heated Sq Ft: 1200 - 1399
  • Interior Amenities: Blinds/Shades, Smoke Detectors
  • Laundry Location: Closet
  • List Price per Sq Ft: 191.98
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedrooms: 3
  • Number Rooms: 6
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Primary Bedroom Level: Second
  • Sq Ft Heated: 1396.00
  • Total Heated Primary Separate Sq Ft: 1396.00

Exterior Features

  • Exterior Features: None, Thermal Windows
  • Exterior Finish: Fiber Cement
  • Fencing: Back Yard, Partial, Wood
  • Foundation: Slab
  • Porch Balcony Deck: Covered, Deck, Open, Porch
  • Road Type Frontage: Alley, Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: No

Garage/Parking

  • Parking Driveway: Off Street, Unpaved

Utilities

  • Appliances Equipment: Dishwasher, Disposal, Refrigerator, Stove/Oven - Electric
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Electric

Association/Amenities

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

Lot Info

  • Deed Book: 5207
  • Deed Page: 597.00
  • Lot Acres: 0.06
  • Lot Dimensions: Irregular
  • Lot Sq Ft: 1396.00
  • Zoning: HD-R

Tax Info

  • Tax Identifier: R04813-034-006-000
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 2301.80

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Feb 24, 2023
Sold by
Kuhn David L and Kuhn Ann E
Bought by
Trublue Inc
Seller's Agent
Team Bailey & Company
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Knox Harris
Cadence Realty Corporation
List Price
$268,000
Sold Price
$317,100
Premium/Discount to List
$49,100
18.32%
Views
59
Current Estimated Value
$401,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,973
Avg. Annual Appreciation
11.78%

Purchase Details

Closed on
Jul 10, 2007
Sold by
Ramsey Ray Brian Christian and Ramsey Ray Katherine
Bought by
Kuhn David L and Kuhn Ann E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,000
Interest Rate
6.71%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 1, 2006
Sold by
Sweet Chariot Llc
Bought by
Ray Brian Christian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,500
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2002
Sold by
Aiken May Bell Douglas
Bought by
Creech Bray

Purchase Details

Closed on
Feb 1, 1986
Sold by
Aiken Douglas Maybell
Bought by
Aiken May Bell

Purchase Details

Closed on
Jun 1, 1976
Bought by
Aiken Douglas Maybell
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Trublue Inc $317,500 --
Kuhn David L $220,000 None Available
Ray Brian Christian $40,000 None Available
Creech Bray $10,000 --
Aiken May Bell -- --
Aiken Douglas Maybell -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kuhn David L $179,420
Previous Owner Kuhn David L $22,000
Previous Owner Kuhn David L $176,000
Previous Owner Ray Brian Christian $154,400
Previous Owner Ray Brian Christian $144,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2023 03/23/23 Sold $317,100 +18.3% $227 / Sq Ft
02/04/2023 02/04/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $268,000 0.0% $192 / Sq Ft
01/05/2022 01/05/22 Rented $1,700 0.0% --
01/05/2022 01/05/22 For Rent $1,700 0.0% --
12/31/2021 12/31/21 Off Market $1,700 -- --
12/10/2021 12/10/21 Price Changed $1,700 -5.6% $1 / Sq Ft
11/02/2021 11/02/21 For Rent $1,800 -- --
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 $2,356 $270,800 $51,100 $219,700
2022 $1,428 $270,800 $51,100 $219,700
2021 $2,318 $270,800 $51,100 $219,700
2020 $1,389 $131,900 $29,200 $102,700
2019 $1,389 $131,900 $29,200 $102,700
2018 $1,389 $131,900 $29,200 $102,700
2017 $1,389 $131,900 $29,200 $102,700
2016 $1,786 $161,200 $37,600 $123,600
2015 $1,707 $161,200 $37,600 $123,600
2014 $1,635 $161,200 $37,600 $123,600
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Team Bailey & Company

    Coldwell Banker Sea Coast Advantage

    (910) 799-3435

    1 in this area

    53 Total Sales

    Team Bailey & Company
    Section Image
  • Knox Harris

    Buyer's Agent in 2023

    Knox Harris

    Cadence Realty Corporation

    (910) 239-7697

    1 in this area

    62 Total Sales

    Knox Harris
    Section Image

  • C

    Seller's Agent in 2022

    Connie DeJeet

    Advantage Rentals, LLC

See All Agents

Map

Source: Hive MLS

MLS Number: 100367506

Hive MLS

APN: R04813-034-006-000

North Carolina New Hanover County Wilmington 28401 Hemenway

505 Peabody Alley, Wilmington, NC

This home is located at 505 Peabody Alley, Wilmington, NC 28401 since 02 February 2023 and is currently estimated at $401,073, approximately $287 per square foot. This property was built in 2006. 505 Peabody Alley is a home located in New Hanover County with nearby schools including Snipes Academy of Arts & Design, Williston Middle School, and New Hanover High School.

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