811 Gerdes Alley Wilmington, NC 28401
Dry Pond-South Side Neighborhood
8
Beds
4
Baths
--
Sq Ft
0.29
Acres
Highlights
- 0.29 Acre Lot
- No HOA
- Tile Flooring
- John T. Hoggard High School Rated A-
- Fenced Yard
- Wood Siding
About This Home
As of December 2024Exceptional Investment Opportunity in Downtown Wilmington! Unlock the potential of 805, 807, 809, and 811 Gerdes Alley! This property features two duplex buildings with a total of four updated 2-bedroom, 1-bathroom units--perfectly situated in the vibrant heart of Wilmington.Property Highlights:Four Modern Units: Each thoughtfully updated for comfort and styleConvenient Amenities: All units include a washer/dryer and dedicated storage roomOff-Street Parking: Ensures ease of access for residents and guestsExpansion Potential: Opportunity to add additional units for increased income!Whether you're a seasoned investor or looking to start your portfolio, this property offers a fantastic return in a desirable location.
Last Agent to Sell the Property
RE/MAX Executive License #274054 Listed on: 10/10/2024
Last Buyer's Agent
Jennifer Richardson Real Estate
Berkshire Hathaway HomeServices Carolina Premier Properties
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,182
Year Built
- Built in 1985
Lot Details
- 0.29 Acre Lot
- Property fronts an alley
- Fenced Yard
Parking
- On-Site Parking
Home Design
- Quadruplex
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
Interior Spaces
- 4 Bathrooms
- 1-Story Property
- Attic Access Panel
- Laundry in Kitchen
Flooring
- Concrete
- Tile
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Community Details
- No Home Owners Association
- Downtown Subdivision
Listing and Financial Details
- Assessor Parcel Number R05410-019-023-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 10, 2024
Closed on
Dec 8, 2024
Sold by
Schneider Jason Michael and Ullrich Kristina
Bought by
Blu Moon Rentals Llc
Seller's Agent
Cedric Robinson
RE/MAX Executive
Buyer's Agent
Jennifer Richardson Real Estate
Berkshire Hathaway HomeServices Carolina Premier Properties
List Price
$699,000
Sold Price
$679,900
Premium/Discount to List
-$19,100
-2.73%
Views
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,480
Avg. Annual Appreciation
-1.37%
Original Mortgage
$509,925
Outstanding Balance
$508,144
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$165,760
Purchase Details
Closed on
Oct 20, 2021
Sold by
Karon Eli and Karon Nicole
Bought by
Schneider Jason Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
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
Closed on
Apr 9, 2018
Sold by
Spaulding Robert M and Lee Phyllis M
Bought by
Karon Eli
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
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
Similar Home in Wilmington, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $680,000 | None Listed On Document | |
| Warranty Deed | $320,000 | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $176,000 | None Available | |
| Deed | -- | -- | |
| Deed | $74,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $509,925 | New Conventional | |
| Previous Owner | $256,000 | New Conventional | |
| Previous Owner | $128,000 | New Conventional | |
| Previous Owner | $132,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/11/2024 12/11/24 | Sold | $679,900 | -2.7% | -- |
| 11/02/2024 11/02/24 | Pending | -- | -- | -- |
| 10/10/2024 10/10/24 | For Sale | $699,000 | -- | -- |
Source: Hive MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 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
-
C
Seller's Agent in 2024
Cedric Robinson
RE/MAX
-
A
Seller Co-Listing Agent in 2024
Angie & Cedric Robinson
RE/MAX
-
J
Buyer's Agent in 2024
Jennifer Richardson Real Estate
Berkshire Hathaway HomeServices Carolina Premier Properties
-
J
Buyer Co-Listing Agent in 2024
Jen Richardson
Berkshire Hathaway HomeServices Carolina Premier Properties
Map
Source: Hive MLS
MLS Number: 100470498
APN: R05410-019-023-000
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