NOT LISTED FOR SALE

518 Mcrae St Wilmington, NC 28401

Northside Neighborhood

Estimated Value: $264,000 - $328,000

4 Beds
2 Baths
1,629 Sq Ft
$177/Sq Ft Est. Value

Last Sold April 27, 2023

Last sale price $260,000 $160 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,646/month

23 Days on Market

Highlights

  • 1 Fireplace
  • Covered Patio or Porch
  • Baseboard Heating
  • No HOA

About This Home

As of April 2023

Great income producing opportunity on the north side of downtown. This duplex offers a two bedroom one bath upstairs and a two bedroom with one bath downstairs. This property has two electrical meters and two water meters. There is a garage space which is access from the shared drive. Schedule your showing today!

Last Agent to Sell the Property

Jeff Hovis

Intracoastal Realty Corp License #234605 Listed on: 03/01/2023

Intracoastal Realty Corp

Last Buyer's Agent

Ajay Singh

Coldwell Banker Sea Coast Advantage-CB License #301605

Coldwell Banker Sea Coast Advantage-CB

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $897

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 31 x 97

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2 Bathrooms
  • 2-Story Property
  • 1 Fireplace

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Brooklyn Subdivision

Listing and Financial Details

  • Assessor Parcel Number R04813-023-002-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$897

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Duplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: 1
  • Interior Amenities: None
  • List Price per Sq Ft: 162.68
  • Total Bathrooms: 2.00
  • Number Bedrooms Total: 4
  • Total Heated Sq Ft: 1629.00

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Fencing: Partial
  • Foundation: Crawl Space
  • Porch Balcony Deck: Covered, Porch
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Metal, Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Attached Garage Spaces: 1.00
  • Total Garage Spaces: 1.00
  • Parking Driveway: Off Street

Utilities

  • Cooling System: Wall/Window Unit(s)
  • Fuel Tank: None
  • Heating System: Baseboard
  • HeatingSystemFuelSource: Electric

Association/Amenities

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

Lot Info

  • Deed Book: 6234
  • Deed Page: 1693.00
  • Lot Acres: 0.07
  • Lot Dimensions: 31 x 97
  • Lot Sq Ft: 3049.00
  • Zoning: R-3

Rental Info

  • Rental Income Gross Rental Income: 19380.00
  • Annual Gross Rental Income Collected: 19380
  • Pets: Possible

Tax Info

  • Tax Identifier: R04813-023-002-000
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 896.75

Multi Family

  • Number Total Units: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2023
Closed on
Mar 31, 2023
Sold by
Nora Alan Group Llc
Bought by
Singh Gumavtej
Seller's Agent
Jeff Hovis
Intracoastal Realty Corp
Buyer's Agent
Ajay Singh
Coldwell Banker Sea Coast Advantage-CB
List Price
$265,000
Sold Price
$260,000
Premium/Discount to List
-$5,000
-1.89%
Views
90
Current Estimated Value
$288,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,523
Avg. Annual Appreciation
4.55%
Original Mortgage
$195,000
Outstanding Balance
$189,568
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$98,955

Purchase Details

Closed on
Jul 31, 2019
Sold by
Perez Carlos A and Perez Sharon B
Bought by
Nora Alan Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,228,000
Interest Rate
3.7%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Aug 2, 2018
Closed on
Sep 6, 2018
Sold by
Kasdan Iris
Bought by
Garcia Abel and Maldonado Dilcia
Seller's Agent
Rob Warwick
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Rob Warwick
Coldwell Banker Sea Coast Advantage
List Price
$67,000
Sold Price
$59,000
Premium/Discount to List
-$8,000
-11.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.82%
Original Mortgage
$39,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 16, 2015
Closed on
Aug 2, 2016
Sold by
Williamson Harriett and Williamson Chalrs
Bought by
Kasdan Iris
Seller's Agent
Gloria Green
Wilkinson ERA Real Estate
Buyer's Agent
Amy America Hoover
Coldwell Banker Sea Coast Advantage-Midtown
List Price
$65,000
Sold Price
$55,000
Premium/Discount to List
-$10,000
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.30%

Purchase Details

Closed on
Sep 23, 2011
Sold by
Allen Richard M
Bought by
Williamson Harriette

Purchase Details

Closed on
Mar 21, 1989
Sold by
Banister E R
Bought by
Allen Richard Milton

Purchase Details

Closed on
Mar 17, 1989
Sold by
Banister Andrew Hrs
Bought by
Banister E R

Purchase Details

Closed on
Dec 1, 1983
Bought by
Bannister Andrew
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
Singh Gumavtej $260,000 None Listed On Document
Nora Alan Group Llc $3,458,000 None Available
Perez Carlos A $145,000 None Available
Garcia Abel $59,000 None Available
Kasdan Iris $55,000 None Available
Williamson Harriette -- None Available
Allen Richard Milton $1,000 --
Banister E R -- --
Bannister Andrew -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Gumavtej $195,000
Previous Owner Perez Carlos A $3,228,000
Previous Owner Garcia Abel $39,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2023 04/27/23 Sold $260,000 -1.9% $160 / Sq Ft
03/25/2023 03/25/23 For Sale $265,000 0.0% $163 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
03/13/2023 03/13/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $265,000 +349.2% $163 / Sq Ft
10/03/2018 10/03/18 Sold $59,000 -11.9% $35 / Sq Ft
08/30/2018 08/30/18 Pending -- -- --
08/02/2018 08/02/18 For Sale $67,000 +21.8% $40 / Sq Ft
08/05/2016 08/05/16 Sold $55,000 -15.4% $34 / Sq Ft
07/03/2016 07/03/16 Pending -- -- --
11/16/2015 11/16/15 For Sale $65,000 -- $40 / 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 $918 $105,500 $36,900 $68,600
2023 $918 $105,500 $36,900 $68,600
2022 $897 $105,500 $36,900 $68,600
2021 $903 $105,500 $36,900 $68,600
2020 $589 $55,900 $17,500 $38,400
2019 $589 $55,500 $17,500 $38,000
2018 $0 $55,500 $17,500 $38,000
2017 $585 $55,500 $17,500 $38,000
2016 $784 $70,800 $20,100 $50,700
2015 $750 $70,800 $20,100 $50,700
2014 $718 $70,800 $20,100 $50,700
Source: Public Records

Agents Affiliated with this Home

  • Jeff Hovis

    Seller's Agent in 2023

    Jeff Hovis

    Intracoastal Realty Corp

    (910) 256-4503

    33 in this area

    263 Total Sales

    Jeff Hovis
    Section Image
  • Ajay Singh

    Buyer's Agent in 2023

    Ajay Singh

    Coldwell Banker Sea Coast Advantage-CB

    (910) 431-7340

    2 in this area

    66 Total Sales

    Ajay Singh
    Section Image

  • R

    Seller's Agent in 2018

    Rob Warwick

    Coldwell Banker Sea Coast Advantage

  • Amy America Hoover

    Seller Co-Listing Agent in 2018

    Amy America Hoover

    Coldwell Banker Sea Coast Advantage-Midtown

    (910) 617-5082

    46 Total Sales

    Amy America Hoover
    Section Image

  • G

    Seller's Agent in 2016

    Gloria Green

    Wilkinson ERA Real Estate

  • A

    Buyer's Agent in 2016

    Amy Hoover

    Coldwell Banker Sea Coast Advantage-Midtown

See All Agents

Map

Source: Hive MLS

MLS Number: 100371819

Hive MLS

APN: R04813-023-002-000

North Carolina New Hanover County Wilmington 28401 Northside

518 Mcrae St, Wilmington, NC

This home is located at 518 Mcrae St, Wilmington, NC 28401 since 01 March 2023 and is currently estimated at $288,523, approximately $177 per square foot. This property was built in 1920. 518 Mcrae St 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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