NOT LISTED FOR SALE

Estimated Value: $579,000 - $738,000

8 Beds
4 Baths
4,800 Sq Ft
$143/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $320,000 $67 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $3,925/month

6 Days on Market

Highlights

  • 0.29 Acre Lot
  • No HOA
  • Ceiling Fan
  • John T. Hoggard High School Rated A
  • Fenced Yard
  • Wood Siding

About This Home

As of November 2021

Great investment property! 805, 807, 809 and 811 Gerdes Alley. Two Duplex buildings, equaling four total 2 bedroom/1 bathroom units, offered in the heart of downtown Wilmington. Units 805 and 807 updated within the last 3 years, and every unit provides a washer/dryer hook-up, a storage room, and off street parking. Each unit is tenant occupied with a long term lease, except #811, which is month to month. Currently under a property management contract with Unlimited Property Solutions.

Last Agent to Sell the Property

Sarah Harris

Intracoastal Realty Listed on: 09/17/2021

Intracoastal Realty

Last Buyer's Agent

Cat Nadeau

Lucas and Associates REALTORS Inc. License #298649

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,223

Year Built

  • Built in 1985

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 223 x 57
  • Fenced Yard
  • Chain Link Fence

Home Design

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

Interior Spaces

  • 4 Bathrooms
  • 1-Story Property
  • Ceiling Fan
  • Partial Basement
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Parking

  • Unpaved Parking
  • Off-Street Parking

Schools

  • Snipes Elementary School
  • Williston Middle School
  • Hoggard High School

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number R05410-019-023-000

Community Details

Overview

  • No Home Owners Association
  • Downtown Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,223

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Quadruplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 1st Floor
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: None
  • Interior Amenities: 1st Floor Master, Ceiling Fan(s), Smoke Detectors, Wash/Dry Connect
  • Laundry Location: Hookup - Dryer, Hookup - Washer
  • List Price per Sq Ft: 68.75
  • Total Bathrooms: 4.00
  • Number Bedrooms Total: 8
  • Total Heated Sq Ft: 4800.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Wood Siding
  • Fencing: Back Yard, Chain Link, Partial
  • Foundation: Slab
  • Porch Balcony Deck: None
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Parking Driveway: Off Street, Unpaved

Utilities

  • Cooling System: None
  • Fuel Tank: None
  • Utilities: Municipal Sewer, Municipal Water
  • HeatingSystemFuelSource: Natural Gas

Association/Amenities

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

Lot Info

  • Deed Book: 6133
  • Deed Page: 1981.00
  • Lot Acres: 0.29
  • Lot Dimensions: 223 x 57
  • Lot Sq Ft: 12720.00
  • Zoning: R-3

Rental Info

  • Pets: Yes

Tax Info

  • Tax Identifier: R05410-019-023-000
  • Tax Year: 2020
  • Total Real Estate Property Taxes: 1223.00

MLS Schools

  • Elementary School: Snipes
  • High School: Hoggard
  • Middle School: Williston

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2024
Sold by
Schneider Jason Michael and Ullrich Kristina
Bought by
Blu Moon Rentals Llc
Current Estimated Value
$684,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$509,925
Outstanding Balance
$505,396
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$178,869

Purchase Details

Listed on
Sep 17, 2021
Closed on
Oct 20, 2021
Sold by
Karon Eli and Karon Nicole
Bought by
Schneider Jason Michael
Seller's Agent
Sarah Harris
Intracoastal Realty
Buyer's Agent
Cat Nadeau
Lucas and Associates REALTORS Inc.
List Price
$330,000
Sold Price
$320,000
Premium/Discount to List
-$10,000
-3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.53%
Original Mortgage
$256,000
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2021
Sold by
Monster Llc
Bought by
Karon Eli and Karon Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2018
Sold by
Karon Eli and Karon Nicole
Bought by
Monster Llc

Purchase Details

Listed on
Jan 17, 2018
Closed on
Apr 9, 2018
Sold by
Spaulding Robert M and Lee Phyllis M
Bought by
Karon Eli
Seller's Agent
Owen Metts
Owen Metts Realty
Buyer's Agent
Harold Chappell
NextHome Cape Fear
List Price
$175,000
Sold Price
$176,000
Premium/Discount to List
$1,000
0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.39%
Original Mortgage
$132,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 2001
Bought by
Mintz Geneva Dorothy

Purchase Details

Closed on
Dec 11, 1995
Sold by
Williams Elmer Ruth B
Bought by
Spaulding Robert M Jr Phyllis

Purchase Details

Closed on
Dec 1, 1984
Sold by
City Of Wilm/New Hanover Co
Bought by
Williams Elmer Ruth B

Purchase Details

Closed on
Feb 1, 1983
Sold by
Mintz Margaret E Mary L Hrs
Bought by
City Of Wilm/New Hanover Co
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Blu Moon Rentals Llc $680,000 None Listed On Document
Schneider Jason Michael $320,000 None Available
Karon Eli -- None Available
Karon Eli -- Anderson Aaron B
Monster Llc -- None Available
Karon Eli $176,000 None Available
Mintz Geneva Dorothy -- --
Spaulding Robert M Jr Phyllis $74,000 --
Williams Elmer Ruth B -- --
City Of Wilm/New Hanover Co -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blu Moon Rentals Llc $509,925
Previous Owner Schneider Jason Michael $256,000
Previous Owner Karon Eli $128,000
Previous Owner Karon Eli $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2021 11/12/21 Sold $320,000 -3.0% $67 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $330,000 +87.5% $69 / Sq Ft
04/12/2018 04/12/18 Sold $176,000 +0.6% $144 / Sq Ft View Prior Sale
03/09/2018 03/09/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $175,000 -- $143 / 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
2025 $3,906 $663,700 $83,700 $580,000
2024 $3,182 $365,800 $62,500 $303,300
2023 $3,182 $365,800 $62,500 $303,300
2022 $3,658 $430,400 $62,500 $367,900
2021 $3,683 $430,400 $62,500 $367,900
2020 $1,223 $116,100 $15,500 $100,600
2019 $1,223 $116,100 $15,500 $100,600
2018 $1,223 $116,100 $15,500 $100,600
2017 $1,223 $116,100 $15,500 $100,600
2016 $1,095 $98,800 $52,700 $46,100
2015 $1,046 $98,800 $52,700 $46,100
2014 $1,002 $98,800 $52,700 $46,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100291167

Hive MLS

APN: R05410-019-023-000