NOT LISTED FOR SALE

Estimated Value: $522,000 - $662,000

5 Beds
5 Baths
3,555 Sq Ft
$169/Sq Ft Est. Value

Last Sold May 10, 2019

Last sale price $211,000 $59 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $3,565/month

Highlights

  • Second Kitchen
  • No HOA
  • Fenced Yard
  • Wood Flooring
  • Covered patio or porch
  • Forced Air Heating and Cooling System

About This Home

As of May 2019

Great investment property in Downtown Wilmington NC. This home offers a large lot with off street parking behind the house. 2 HVAC units replaced in 2018 and roof replaced in 2018. This home features over 3,000 sq ft of living space and great cash flow.

Last Agent to Sell the Property

Jeff Lesley

Berkshire Hathaway HomeServices Carolina Premier Properties Listed on: 04/11/2019

Last Buyer's Agent

The Domenico Grillo Real Estate Team

Coldwell Banker Sea Coast Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,728

Year Built

  • Built in 1920

Lot Details

  • 7,261 Sq Ft Lot
  • Fenced Yard

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5 Bathrooms
  • 2-Story Property
  • Combination Dining and Living Room
  • Washer and Dryer Hookup

Kitchen

  • Second Kitchen
  • Stove

Flooring

  • Wood
  • Carpet
  • Vinyl Plank

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 6 Parking Spaces
  • Unpaved Parking

Outdoor Features

  • Covered patio or porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R04817-023-018-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,728

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Duplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: 1st Floor, 2nd Floor
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Attic: None
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: 2nd Kitchen, Wash/Dry Connect
  • Laundry Location: None
  • List Price per Sq Ft: 73.14
  • Total Bathrooms: 5.00
  • Number Bedrooms Total: 5

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Vinyl Siding
  • Fencing: Back Yard, Partial
  • Foundation: Crawl Space
  • Porch Balcony Deck: Covered, Porch
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No
  • Pool Spa: None

Garage/Parking

  • Garage And Parking Driveway Spaces: 6.00
  • Parking Driveway: On Site, Unpaved

Utilities

  • Appliances Equipment: Stove/Oven - Electric
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Forced Air, Heat Pump
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

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

Lot Info

  • Deed Page: 1777.00
  • Lot Acres: 0.17
  • Lot Dimensions: 165' deep x 44' wide
  • Lot Sq Ft: 7261.00
  • Lot Water Features: None
  • Zoning: R-5

Green Features

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

Rental Info

  • Rental Income Gross Rental Income: 2475.00
  • Annual Gross Rental Income Collected: 29969

Tax Info

  • Tax Identifier: R04817-023-018-000
  • Tax Year: 2018

Multi Family

  • Number Total Units: 4

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2019
Closed on
May 9, 2019
Sold by
Richardet Aaron and Richardet Danielle
Bought by
A & D Better Rentals Llc
Seller's Agent
Jeff Lesley
Berkshire Hathaway HomeServices Carolina Premier Properties
Buyer's Agent
The Domenico Grillo Real Estate Team
Coldwell Banker Sea Coast Advantage
List Price
$224,900
Sold Price
$211,000
Premium/Discount to List
-$13,900
-6.18%
Current Estimated Value
$601,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,484
Avg. Annual Appreciation
16.66%
Original Mortgage
$169,564
Outstanding Balance
$150,030
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$393,468

Purchase Details

Listed on
Apr 11, 2019
Closed on
May 7, 2019
Sold by
Biggs Carl L and Biggs Jossie P
Bought by
Richardet Aaron
Seller's Agent
Jeff Lesley
Berkshire Hathaway HomeServices Carolina Premier Properties
Buyer's Agent
The Domenico Grillo Real Estate Team
Coldwell Banker Sea Coast Advantage
List Price
$224,900
Sold Price
$211,000
Premium/Discount to List
-$13,900
-6.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,564
Outstanding Balance
$150,030
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$393,468

Purchase Details

Listed on
Jun 20, 2016
Closed on
Jan 24, 2018
Sold by
Testamentary Thomas Tasha B and Testamentary Ruben C Gallashaw
Bought by
Biggs Carl L and Biggs Jossie P
Seller's Agent
Adell Bernard
Bernard & Associates Realty
Buyer's Agent
Willie Black
eXp Realty
List Price
$298,000
Sold Price
$180,000
Premium/Discount to List
-$118,000
-39.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.33%

Purchase Details

Closed on
Feb 27, 2017
Sold by
Thomas Tasha B and Estate Of Robert A Thomas
Bought by
Thomas Tasha B and Goldring Tonja

Purchase Details

Closed on
Aug 1, 1985
Sold by
Mckoy Thomascenia Dillard
Bought by
Thomas Robert A Glancy P

Purchase Details

Closed on
Feb 1, 1978
Bought by
Mckoy Thomascenia Dillard
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
A & D Better Rentals Llc -- None Available
Richardet Aaron $211,000 None Available
Biggs Carl L $180,000 None Available
Thomas Tasha B -- None Available
Thomas Robert A Glancy P $21,000 --
Mckoy Thomascenia Dillard $5,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richardet Aaron $169,564
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2019 05/10/19 Sold $211,000 -6.2% $59 / Sq Ft
04/11/2019 04/11/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $224,900 +24.9% $63 / Sq Ft
01/30/2018 01/30/18 Sold $180,000 -39.6% $51 / Sq Ft
09/06/2017 09/06/17 Pending -- -- --
06/20/2016 06/20/16 For Sale $298,000 -- $84 / 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 $2,728 $313,600 $52,300 $261,300
2022 $2,666 $313,600 $52,300 $261,300
2021 $0 $313,600 $52,300 $261,300
2020 $2,364 $224,400 $48,500 $175,900
2019 $2,364 $224,400 $48,500 $175,900
2018 $2,364 $224,400 $48,500 $175,900
2017 $2,364 $224,400 $48,500 $175,900
2016 $2,518 $227,300 $52,700 $174,600
2015 $2,407 $227,300 $52,700 $174,600
2014 $2,305 $227,300 $52,700 $174,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100159731

Hive MLS

APN: R04817-023-018-000