NOT LISTED FOR SALE

723 McMullan Ave Unit 402 Edenton, NC 27932

Estimated Value: $437,000 - $536,000

3 Beds
3.5 Baths
2,357 Sq Ft
$523/mo HOA Fee

Last Sold June 06, 2023

Last sale price $445,000 $189 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,498/month

15 Days on Market

Highlights

  • Marina
  • Pier
  • Pool House
  • Boat Dock
  • Boat Slip
  • The property is located in a historic district

About This Home

As of June 2023

Beautifully renovated Condominium in the historic Edenton Cotton Mill Condo Building located in downtown Edenton, NC. Featured in Cottage Living, this Cotton Mill Village Condo development is one f the finest examples of repurposing an old building into fabulous downton living spaces. Unit 402 is one of the largest units that combines the charm of old and new materials giving the owner the best of both worlds. Boasting seven 5' x 12' windows, this unit offers natural light throughout the space while also overlooking the historic ball field green space. With a master suite downstairs and an additional master suite upstairs, and a second guest bedroom and bath, this unit offers plenty of space for all. The landing upstiars makes for a great office nook too. Amenities include a pool, dock, walk-way to a creek, and boat slips for small water crafts. A storage space is located under the parking garage. A unique way of life with walking distance to shopping, dining and views of the Albemarle Sound.

Last Agent to Sell the Property

Fraser Kelly

Perry & Co Sotheby's International Realty License #263297 Listed on: 03/23/2023

Last Buyer's Agent

Fraser Kelly

Perry & Co Sotheby's International Realty License #263297 Listed on: 03/23/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,665

Year Built

  • Built in 2006

Lot Details

  • 1,481

HOA Fees

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Stick Built Home

Interior Spaces

  • 2,357 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Vaulted Ceiling
  • Ceiling Fan
  • Thermal Windows
  • Blinds
  • Combination Dining and Living Room
  • Crawl Space

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Home Security

  • Pest Guard System
  • Termite Clearance

Parking

  • Electric Vehicle Home Charger
  • Driveway
  • On-Site Parking
  • Parking Lot

Eco-Friendly Details

  • Energy-Efficient HVAC
  • ENERGY STAR/CFL/LED Lights

Outdoor Features

  • Pool House
  • Pier
  • Water Access
  • Boat Slip

Schools

  • White Oak/D F Walker Elementary School
  • Chowan Middle School
  • John A. Holmes High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Co-Op Water
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Accessible Approach with Ramp
  • Cul-De-Sac
  • The property is located in a historic district

Listing and Financial Details

  • Assessor Parcel Number 7804c2889004 And 780429878866

Community Details

Overview

  • Roof Maintained by HOA
  • Master Insurance
  • Edenton Cotton Mill Condo Hoa. And Project Assoc Association
  • Cotton Mill Parking And Storage Association
  • Edenton Cotton Mill Condominiums Subdivision
  • Maintained Community

Recreation

  • Boat Dock
  • Marina
  • Waterfront Community
  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Lighting
  • Fire and Smoke Detector

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,665

Year Built

Built in 2006

Lot Details

0

HOA Fees

$523 per month

Listing Details

  • Property Type: A
  • Sub Type: Condominium
  • Style: Historic District
  • Cobra Zone: No
  • Construction: Brick/Stone, Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: Accessible Approach with Ramp
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2006
  • Trash Collection: City Pick-UP
  • Horses Y N: No
  • PetsAllowedPetsAllowed: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Attic: None
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Tile, Wood
  • Heated Sq Ft: 2200 - 2399
  • Interior Amenities: 1st Floor Master, 9Ft+ Ceilings, Blinds/Shades, Ceiling - Vaulted, Ceiling Fan(s), Elevator, Pantry, Smoke Detectors, Solid Surface, Walk-In Closet
  • Laundry Location: Closet, Hookup - Dryer, Hookup - Washer
  • List Price per Sq Ft: 190.50
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Bedrooms: 3
  • Sq Ft Heated: 2357.00
  • Total Heated Primary Separate Sq Ft: 2357.00
  • Furnished: Negotiable

Exterior Features

  • Exterior Features: Security Lighting, Thermal Windows
  • Exterior Finish: Brick
  • Exterior Structures: Pool House
  • Fencing: None
  • Foundation: Brick/Mortar, Crawl Space
  • Porch Balcony Deck: None
  • Road Type Frontage: Maintained, Paved
  • Roof: Flat, Membrane
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Parking Driveway: Concrete, On Site, Parking Lot

Utilities

  • Appliances Equipment: Cooktop - Gas, Dishwasher, Microwave - Built-In, Refrigerator, Vent Hood, Wall Oven
  • Cooling System: Central, Heat Pump, Zoned
  • Federal Flood Ins Avlbl: No
  • Fuel Tank: None
  • Heating System: Forced Air, Gas Pack
  • Service Providers Electric Provider: Dominion Electric
  • Service Providers Natural Gas Provider: Piedmont Natural Gas Co.
  • Service Providers Sewer Provider: Town of Edenton
  • Service Providers Water Provider: Town of Edenton
  • Utilities: Municipal Sewer, Municipal Water, Natural Gas Connected
  • Water Heater: Electric
  • Internet Service Provider: mediacom
  • HeatingSystemFuelSource: Natural Gas

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Boat Dock, Community Pool, Elevator(s), Maint - Comm Areas, Marina, Master Insure, Pest Control, Roof, Sewer, Termite Bond, Trash, Water
  • HOAAssociationFee1Year: 6180.00
  • HOAAssociationFee2Year: 100.00
  • HOAAssociationName: Edenton Cotton Mill Condo HOA. and Project Assoc
  • HOAAssociationName2: Cotton Mill Parking and Storage
  • HOAAssociationPhone: 000-000-00

Condo/Co-op/Association

  • Unit Type: 3 Bedroom
  • Pets Allowed: Cats Ok, Dogs Ok

Lot Info

  • Deed Book: 547
  • Deed Page: 708.00
  • Lot Description: Cul-de-Sac Lot
  • Lot Sq Ft: 2357.00
  • Lot Water Features: Boat Dock, Boat Slip, Pier, Water Access Comm, Waterfront Comm
  • Zoning: Residential

Green Features

  • Green Bldg Features: Electric Car Charger, LED Lighting

Tax Info

  • Tax Identifier: 7804c2889004 And 780429878866
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 3665.00

MLS Schools

  • Elementary School: White Oak/D F Walker
  • High School: John A. Holmes High
  • Middle School: Chowan Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2019
Closed on
Jun 6, 2020
Sold by
Buckley Michael F and Buckley Vicki L
Bought by
Joshua Francis C
Seller's Agent
Fraser Kelly
Perry & Co Sotheby's International Realty
Buyer's Agent
Ann Perry
Perry & Co Sotheby's International Realty
Sold Price
$338,000
Current Estimated Value
$504,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,470
Avg. Annual Appreciation
7.32%
Original Mortgage
$300,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 24, 2019
Closed on
Apr 6, 2020
Sold by
Galyen Gay C and Galyen Dale G
Bought by
Buckley Michael F
Seller's Agent
Fraser Kelly
Perry & Co Sotheby's International Realty
Buyer's Agent
Ann Perry
Perry & Co Sotheby's International Realty
Sold Price
$338,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,600
Interest Rate
3.4%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 6, 2006
Bought by
Galyen Gay C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Joshua Francis C $445,000 Attorney Only
Buckley Michael F $338,000 Attorney Only
Galyen Gay C $468,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Joshua Francis C $300,000
Previous Owner Buckley Michael F $236,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2023 06/06/23 Sold $445,000 -0.9% $189 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $449,000 +32.8% $190 / Sq Ft
04/09/2020 04/09/20 Sold $338,000 0.0% $143 / Sq Ft View Prior Sale
03/04/2020 03/04/20 Off Market $338,000 -- --
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 $3,850 $334,768 $0 $334,768
2024 $3,766 $334,768 $0 $334,768
2023 $3,666 $334,768 $0 $334,768
2022 $3,666 $334,768 $0 $334,768
2021 $3,875 $329,820 $0 $329,820
2020 $3,809 $329,820 $0 $329,820
2019 $3,809 $329,820 $0 $329,820
2018 $3,776 $329,820 $0 $329,820
2016 $3,710 $329,820 $0 $329,820
2015 $3,661 $329,820 $0 $329,820
2014 $3,529 $329,820 $0 $329,820
Source: Public Records

Agents Affiliated with this Home

  • Fraser Kelly

    Seller's Agent in 2023

    Fraser Kelly

    Perry & Co Sotheby's International Realty

    (252) 562-2183

    84 in this area

    139 Total Sales

    Fraser Kelly
    Section Image
  • Ann Perry

    Buyer's Agent in 2020

    Ann Perry

    Perry & Co Sotheby's International Realty

    (252) 482-4785

    59 in this area

    77 Total Sales

    Ann Perry
    Section Image
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Map

Source: Hive MLS

MLS Number: 100376093

Hive MLS

APN: 7804-C2-88-9004

North Carolina Chowan County Edenton 27932

723 McMullan Ave Unit 402, Edenton, NC

Not Listed for Sale

Condos

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