NOT LISTED FOR SALE

Estimated Value: $178,000 - $307,000

2 Beds
2 Baths
700 Sq Ft
$324/Sq Ft Est. Value

Last Sold March 15, 2019

Last sale price $72,500 $104 Per Sq Ft

Est. 212% increase in value since last sale

Current estimated payment $1,249/month

182 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Vinyl Plank Flooring
  • Ground Level Unit
  • Porch
  • 3-minute walk to Portia Mills Hines Park

About This Home

As of March 2019

Two units with tenants in place. Positive cash flow. Newer metal roof, fresh paint, electrical updates, solid block construction.

Last Agent to Sell the Property

Tom Inksetter

Coastal ERA License #185712 Listed on: 08/22/2018

Last Buyer's Agent

Stephanie Manke

BlueCoast Realty Corporation License #246618

BlueCoast Realty Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $565

Year Built

  • Built in 1940

Lot Details

  • 1,651 Sq Ft Lot
  • Lot Dimensions are 25 x 66
  • Wood Fence
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Block Foundation
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 2 Bathrooms
  • 1-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Partial Basement
  • Fire and Smoke Detector
  • Stove

Flooring

  • Concrete
  • Vinyl Plank

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Electric Water Heater

Additional Features

  • Porch
  • Ground Level Unit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R04814-010-014-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$565

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Duplex
  • Cobra Zone: No
  • Construction: Block
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: Ground
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Attic: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Concrete, Vinyl
  • Interior Amenities: 1st Floor Master, Ceiling Fan(s), Smoke Detectors
  • List Price per Sq Ft: 107.73
  • Total Bathrooms: 2.00
  • Number Bedrooms Total: 2

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Block
  • Fencing: Partial, Wood
  • Foundation: Block
  • Porch Balcony Deck: Porch
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Metal
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Garage And Parking Other See Remarks: street parking
  • Parking Driveway: Street Only

Utilities

  • Appliances Equipment: Refrigerator, Stove/Oven - Electric
  • Cooling System: Wall/Window Unit(s)
  • Fuel Tank: None
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Sewer Provider: Cape Fear Public Utility Authority
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

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

Lot Info

  • Deed Page: 1462.00
  • Lot Acres: 0.04
  • Lot Description: Corner Lot
  • Lot Dimensions: 25 X 66
  • Lot Sq Ft: 1651.00
  • Plat Book: 5458
  • Plat Page: 1462
  • Zoning: H1D10

Rental Info

  • Rental Income Gross Rental Income: 925.00
  • Annual Gross Rental Income Collected: 11100

Tax Info

  • Tax Identifier: R04814-010-014-000
  • Tax Year: 2017

Multi Family

  • Number Total Units: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2020
Bought by
Collective Impact In New Hanover Cnty In
Total Days on Market
182
Current Estimated Value
$226,463

Purchase Details

Listed on
Aug 22, 2018
Closed on
Mar 11, 2019
Sold by
Wilmington Dm Properties Llc
Seller's Agent
Tom Inksetter
Coastal ERA
Buyer's Agent
Stephanie Manke
BlueCoast Realty Corporation
List Price
$89,000
Sold Price
$72,500
Premium/Discount to List
-$16,500
-18.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.14%
Original Mortgage
$61,625
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2009
Sold by
K & P Properties Llc
Bought by
Wilmington Dm Properties Llc

Purchase Details

Closed on
Mar 16, 2007
Sold by
Chinos Llc
Bought by
K & P Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,000
Interest Rate
8.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 31, 2006
Sold by
Perez Carlos A and Perez Sharon B
Bought by
Chinos Llc

Purchase Details

Closed on
Aug 27, 2003
Sold by
Coastal Home Buyers Ltd
Bought by
Perez Carlos A Sharon B

Purchase Details

Closed on
Jul 11, 2003
Sold by
Bell & Bell Investments
Bought by
Coastal Home Buyers Ltd

Purchase Details

Closed on
May 13, 1999
Sold by
Tucker Marie
Bought by
Bell & Bell Investments

Purchase Details

Closed on
Aug 15, 1949
Sold by
Newkirk Inez Tucker William M
Bought by
Tucker Marie M

Purchase Details

Closed on
Mar 15, 1949
Sold by
Tucker Susan
Bought by
Tucker Susan Heirs
Source: Public Records

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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
Collective Impact In New Hanover Cnty In $1,485,000 None Available
-- $72,500 None Available
Wilmington Dm Properties Llc -- None Available
K & P Properties $57,000 None Available
Chinos Llc $1,000,000 None Available
Perez Carlos A Sharon B $13,000 --
Coastal Home Buyers Ltd $8,000 --
Bell & Bell Investments $50,000 --
Tucker Marie M -- --
Tucker Susan Heirs -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Noname Properties Inc $61,625
Previous Owner K & P Properties Llc $37,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2019 03/15/19 Sold $72,500 -18.5% $104 / Sq Ft
02/19/2019 02/19/19 Pending -- -- --
08/21/2018 08/21/18 For Sale $89,000 -- $127 / 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
2023 $565 $64,900 $29,200 $35,700
2022 $0 $64,900 $29,200 $35,700
2021 $0 $64,900 $29,200 $35,700
2020 $359 $34,100 $12,200 $21,900
2019 $359 $34,100 $12,200 $21,900
2018 $359 $34,100 $12,200 $21,900
2017 $359 $34,100 $12,200 $21,900
2016 $494 $44,600 $15,700 $28,900
2015 $472 $44,600 $15,700 $28,900
2014 $452 $44,600 $15,700 $28,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100131412

Hive MLS

APN: R04814-010-014-000