NOT LISTED FOR SALE

Estimated Value: $365,766 - $386,000

2 Beds
2 Baths
996 Sq Ft
$302/mo HOA Fee

Last Sold June 18, 2019

Last sale price $195,000 $196 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $2,556/month

27 Days on Market

Highlights

  • Wood Flooring
  • Resident Manager or Management On Site
  • Central Air
  • Porch
  • Laundry closet
  • Combination Dining and Living Room

About This Home

As of June 2019

This trendy 2-bedroom, 2 full bath condominium in The Mercantile is located in the Brooklyn Arts District of Downtown Wilmington. Character abounds, featuring rustic hardwood floors throughout the living area and the attractive kitchen, vintage tile flooring in each of the bathrooms and carpet in the bedrooms. Stylish ceiling fans and modern track lighting are throughout the home. The condominium is in a growing area with a cool urban vibe and conveniently located near Cape Fear Community College and only a few blocks from Front Street, the River Walk, restaurants and entertainment. The downtown trolley comes by The Mercantile and the Wilmington International Airport is only 10 minutes away.

Last Agent to Sell the Property

Shane Register Team

Coldwell Banker Sea Coast Advantage-Midtown Listed on: 04/23/2019

Coldwell Banker Sea Coast Advantage-Midtown

Last Buyer's Agent

Jill Rigsbee

Keller Williams Innovate-Wilmington

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,071

Year Built

  • Built in 2005

HOA Fees

  • $302 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Steel Frame
  • Wood Frame Construction

Interior Spaces

  • 996 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Pest Guard System
  • Laundry closet

Kitchen

  • Stove
  • <<builtInMicrowave>>
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R04813-015-033-005

Community Details

Overview

  • The Mercantile Subdivision
  • Maintained Community

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,071

Year Built

Built in 2005

Lot Details

0

HOA Fees

$302 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Condominium
  • Cobra Zone: No
  • Construction: Steel Frame, Wood Frame
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: 2nd Floor Unit
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Attic: None
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 800 - 999
  • Interior Amenities: Ceiling Fan(s), Pantry
  • Laundry Location: Closet
  • List Price per Sq Ft: 195.78
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 2
  • Number Rooms: 4
  • Sq Ft Heated: 996.00
  • Total Heated Primary Separate Sq Ft: 996.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Brick Veneer
  • Fencing: None
  • Foundation: Slab
  • On Site Pool Spa: None
  • Porch Balcony Deck: Porch
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: See Remarks
  • Waterfront: No

Garage/Parking

  • Parking Driveway: Street Only

Utilities

  • Appliances Equipment: Dishwasher, Stove/Oven - Electric, Microwave - Built-In
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Sewer Provider: Cape Fear Public Utility Authority
  • Service Providers Water Provider: Cape Fear Public Utility Authority
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Comm Areas, Pest Control, Trash, Taxes, Management, Maintenance Structure
  • HOAAssociationFee1Year: 3627.00

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 759.00
  • Lot Dimensions: 58x67x58x67
  • Lot Water Features: None
  • Zoning: CBD

Green Features

  • Green Bldg Certify: None
  • Green Bldg Features: None

Tax Info

  • Tax Identifier: R04813-015-033-005
  • Tax Year: 2017

MLS Schools

  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2023
Sold by
Cochran Eric R and Cochran Jessica
Bought by
Cochran Properties
Current Estimated Value
$376,692

Purchase Details

Listed on
Apr 23, 2019
Closed on
Jun 13, 2019
Sold by
Scarola Linda L
Bought by
Cochran Eric and Cochran Jessica
Seller's Agent
Shane Register Team
Coldwell Banker Sea Coast Advantage-Midtown
Buyer's Agent
Jill Rigsbee
Keller Williams Innovate-Wilmington
List Price
$195,000
Sold Price
$195,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.33%
Original Mortgage
$175,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2019
Closed on
May 14, 2019
Sold by
Scarola Linda L and Estate Of Frank F Scarola
Bought by
Scarola Linda L
Seller's Agent
Shane Register Team
Coldwell Banker Sea Coast Advantage-Midtown
Buyer's Agent
Jill Rigsbee
Keller Williams Innovate-Wilmington
List Price
$195,000
Sold Price
$195,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2004
Sold by
Day Rosalier
Bought by
Promenade Llc The
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
Cochran Properties -- None Listed On Document
Cochran Eric $195,000 None Available
Scarola Linda L -- None Available
Promenade Llc The $94,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cochran Eric $175,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2019 06/18/19 Sold $195,000 0.0% $196 / Sq Ft
05/20/2019 05/20/19 Pending -- -- --
04/23/2019 04/23/19 For Sale $195,000 -- $196 / 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 $2,071 $221,600 $0 $221,600
2022 $2,027 $221,600 $0 $221,600
2021 $2,018 $221,600 $0 $221,600
2020 $1,722 $153,300 $0 $153,300
2019 $1,722 $153,300 $0 $153,300
2018 $1,292 $153,300 $0 $153,300
2017 $1,722 $153,300 $0 $153,300
2016 $1,565 $141,200 $0 $141,200
2015 $1,495 $141,200 $0 $141,200
2014 $1,432 $141,200 $0 $141,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100161770

Hive MLS

APN: R04813-015-033-005