NOT LISTED FOR SALE

611 N 11th St Wilmington, NC 28401

Northside Neighborhood

Estimated Value: $550,000 - $1,077,000

12 Beds
8 Baths
4,272 Sq Ft
$207/Sq Ft Est. Value

Last Sold September 14, 2012

Last sale price $160,000 $37 Per Sq Ft

Est. 452% increase in value since last sale

Current estimated payment $5,189/month

52 Days on Market

Highlights

  • 0.25 Acre Lot
  • Forced Air Heating and Cooling System
  • 3-minute walk to Portia Mills Hines Park

About This Home

As of September 2012

Invest your money in real estate before prices on income producing assets begin to rise! These units were rented for $600/month. With improvements, the rent rates could be probably be increased. These units are low maintenance and the building is relatively new. Run the numbers and compare the potential return on investment with your other investments. Located on the northside of Wilmington, this quadplex consists of two buildlings with two units each. Both buildings, the parking lot and some other minor improvements are all one parcel. This is a rare opportunity to invest in housing at low prices.

Last Agent to Sell the Property

Clinton Howlett, Jr

CENTURY 21 Brock & Associates Listed on: 07/09/2012

Last Buyer's Agent

Jamal Ajani

Wilkinson & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,507

Year Built

  • Built in 2007

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 165x66x165x66

Parking

  • On-Site Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Schools

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

Additional Features

  • 2-Story Property
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 312817.11.5125.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,507

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Quadruplex
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 2.0
  • Year Built: 2007
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Fireplace: None
  • List Price per Sq Ft: 41.78
  • Total Heated Sq Ft: 4272.00

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Foundation: Slab
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Pool Spa: None

Garage/Parking

  • Garage And Parking Other See Remarks: 8 Site
  • Parking Driveway: On Site

Utilities

  • Cooling System: Central
  • Heating System: Forced Air
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water

Association/Amenities

  • HOA and Neighborhood Amenities: Sidewalk

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 5029
  • Deed Page: 1042.00
  • Lot Acres: 0.25
  • Lot Dimensions: 165x66x165x66
  • Lot Sq Ft: 10890.00
  • Zoning: R-3

Rental Info

  • Pets: Possible

Tax Info

  • Tax Identifier: 312817.11.5125.000

Multi Family

  • Number Total Units: 4

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2012
Closed on
Sep 11, 2012
Sold by
First Federal Bank
Bought by
Farag Magdy M
Seller's Agent
Clinton Howlett, Jr
CENTURY 21 Brock & Associates
Buyer's Agent
Jamal Ajani
Wilkinson & Associates
List Price
$178,500
Sold Price
$160,000
Premium/Discount to List
-$18,500
-10.36%
Current Estimated Value
$883,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$723,333
Avg. Annual Appreciation
13.80%

Purchase Details

Closed on
Jan 25, 2012
Sold by
Felds James D A and Felds Meryl
Bought by
First Federal Savings & Loan Association

Purchase Details

Closed on
Dec 19, 2007
Sold by
Pristine Property Management Llc
Bought by
Costagliola Anthony J and Felds James D A

Purchase Details

Closed on
Mar 16, 2007
Sold by
Williams Cable Contractors Inc
Bought by
Pristine Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.3%
Mortgage Type
Construction

Purchase Details

Closed on
May 30, 2006
Sold by
Ellison Joseph
Bought by
Williams Cable Contractors Inc

Purchase Details

Closed on
Jul 12, 1990
Sold by
Judge Rebecca H
Bought by
Ellison Joseph

Purchase Details

Closed on
Feb 1, 1985
Sold by
Henry James D Marg
Bought by
Judge Rebecca H

Purchase Details

Closed on
Dec 1, 1976
Bought by
Henry James D Marg
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
Farag Magdy M $160,000 None Available
First Federal Savings & Loan Association $247,500 None Available
Costagliola Anthony J -- None Available
Pristine Property Management Llc $80,000 None Available
Williams Cable Contractors Inc $30,000 None Available
Ellison Joseph $5,500 --
Judge Rebecca H $2,500 --
Henry James D Marg -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pristine Property Management Llc $368,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2012 09/14/12 Sold $160,000 -10.4% $37 / Sq Ft
08/30/2012 08/30/12 Pending -- -- --
07/09/2012 07/09/12 For Sale $178,500 -- $42 / 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 $4,507 $518,100 $39,600 $478,500
2022 $4,434 $518,100 $39,600 $478,500
2021 $4,434 $518,100 $39,600 $478,500
2020 $2,159 $205,000 $42,400 $162,600
2019 $2,159 $205,000 $42,400 $162,600
2018 $2,159 $205,000 $42,400 $162,600
2017 $2,159 $205,000 $42,400 $162,600
2016 $2,747 $247,900 $29,800 $218,100
2015 $2,625 $247,900 $29,800 $218,100
2014 $2,514 $247,900 $29,800 $218,100
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Clinton Howlett, Jr

    CENTURY 21 Brock & Associates

  • J

    Buyer's Agent in 2012

    Jamal Ajani

    Wilkinson & Associates

See All Agents

Map

Source: Hive MLS

MLS Number: 30479070

Hive MLS

APN: R04814-010-015-000

North Carolina New Hanover County Wilmington 28401 Northside

611 N 11th St, Wilmington, NC

This home is located at 611 N 11th St, Wilmington, NC 28401 since 09 July 2012 and is currently estimated at $883,333, approximately $206 per square foot. This property was built in 2007. 611 N 11th 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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