NOT LISTED FOR SALE

Estimated Value: $809,000 - $1,204,000

12 Beds
8 Baths
40,601 Sq Ft
$26/Sq Ft Est. Value

Last Sold June 14, 2023

Last sale price $1,000,000 $25 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,549/month

51 Days on Market

Highlights

  • 0.2 Acre Lot
  • No HOA
  • Thermal Windows
  • Corner Lot
  • Balcony
  • Patio

About This Home

As of June 2023

*NEW CONSTRUCTION QUADRUPLEXES* 20 Total units for sale conveniently located right on the edge of downtown Wilmington. Please note this listing is for 1 building only, totaling 4 units. Please ask listing agent for availability of additional buildings. Expected completion date is mid April 2023. Each unit has 3 bedrooms and 2 full bathrooms, laundry hookups, granite countertops in the kitchen and bathrooms, stainless appliances, cabinetry with slow-close doors and drawers, and LVP flooring throughout. The first floor units will be approximately 1312 sq ft and the upper level units will be approximately 1270 sq ft (sq ft may vary slightly upon completion). Finishes are subject to change based on availability. Off-street parking available per unit with overflow parking on the street. Each unit is metered individually for power, and water/sewer is all on one meter per building. Please review all photos for more details. All showings must be approved with 24 hour notice for safety as this is an active construction site. Please see 820 Nixon Street commercial listing for all 5 buildings. Renderings are a visual aid only, and there may be slight variations at completion. There will be a shared parking lot agreement between all 5 buildings for maintenance, lighting, and driveway use, please ask listing agent for details.

Last Agent to Sell the Property

Dawn Tyndall

Sterling Real Estate Group LLC License #266399 Listed on: 03/21/2023

Last Buyer's Agent

Aspyre Realty Group

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,290

Year Built

  • Built in 2023

Lot Details

  • 8,799 Sq Ft Lot
  • Lot Dimensions are 80' x 110'
  • Corner Lot

Home Design

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

Interior Spaces

  • 8 Bathrooms
  • 2-Story Property
  • Ceiling Fan
  • Thermal Windows
  • Combination Dining and Living Room
  • Luxury Vinyl Plank Tile Flooring
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Parking

  • Lighted Parking
  • Gravel Driveway
  • Shared Driveway
  • On-Site Parking
  • Parking Lot
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Doors

Outdoor Features

  • Balcony
  • Patio

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R04809-026-010-000

Community Details

Overview

  • No Home Owners Association
  • Nixon Mcrae Quads Hoa, Inc. Association
  • Brooklyn Subdivision
  • Maintained Community

Security

  • Security Lighting

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,290

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Sub Type: Quadruplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: Yes
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 2023
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Attic: Access Only
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: LVT/LVP
  • Interior Amenities: Ceiling Fan(s), Smoke Detectors, Wash/Dry Connect
  • Laundry Location: Closet, Hookup - Dryer, Hookup - Washer
  • List Price per Sq Ft: 203.31
  • Total Bathrooms: 8.00
  • Number Bedrooms Total: 12

Exterior Features

  • Exterior Features: Security Lighting, Thermal Doors, Thermal Windows
  • Exterior Finish: Fiber Cement
  • Fencing: None
  • Foundation: Slab
  • Porch Balcony Deck: Balcony, Patio
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Garage And Parking Other See Remarks: Shared Parking Lot
  • Parking Driveway: Gravel, Lighted, Off Street, On Site, Parking Lot, Shared

Utilities

  • Appliances Equipment: Dishwasher, Disposal, Microwave - Built-In, Refrigerator, Stove/Oven - Electric
  • 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
  • HeatingSystemFuelSource: Electric
  • Sewer: Connected
  • Water Source: Water Connected

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Maint - Comm Areas, See Remarks
  • Property Mgmt Company: No
  • HOAAssociationName: Nixon-McRae Quads HOA, Inc.

Lot Info

  • Deed Page: 2923.00
  • Lot Acres: 0.20
  • Lot Description: Corner Lot
  • Lot Dimensions: 80' x 110'
  • Lot Sq Ft: 8799.00
  • Zoning: R-3

Tax Info

  • Tax Identifier: R04809-026-010-000
  • Tax Year: 2023

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

Closed on
Jan 25, 2024
Sold by
Mcrae 1-3 Llc
Bought by
Liberty Properties Llc
Current Estimated Value
$1,150,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,850
Outstanding Balance
$569,346
Interest Rate
7.28%
Mortgage Type
New Conventional
Estimated Equity
$560,192

Purchase Details

Listed on
Mar 21, 2023
Closed on
Jun 7, 2023
Sold by
Revitalize Ilm Llc
Bought by
Mcrae 1-3 Llc
Seller's Agent
Dawn Tyndall
Sterling Real Estate Group LLC
Buyer's Agent
Aspyre Realty Group
eXp Realty
List Price
$1,050,000
Sold Price
$1,000,000
Premium/Discount to List
-$50,000
-4.76%
Views
311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.75%
Original Mortgage
$150,000
Interest Rate
6.42%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 2, 2021
Sold by
Bell Shawn and Bell Nequan
Bought by
Revitalize Ilm Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2014
Sold by
Cromartie Michael J
Bought by
Cromartie Fields Johnnie S

Purchase Details

Closed on
Apr 1, 1985
Sold by
City Of Wilm
Bought by
Cromartie Michael J

Purchase Details

Closed on
Jan 1, 1978
Bought by
City Of Wilm
Source: Public Records

Range of Values:

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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
Liberty Properties Llc $1,050,000 None Listed On Document
Mcrae 1-3 Llc $3,000,000 None Listed On Document
Revitalize Ilm Llc $1,600,000 None Available
Cromartie Fields Johnnie S -- None Available
Cromartie Michael J $6,500 --
City Of Wilm -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liberty Properties Llc $575,850
Previous Owner Revitalize Ilm Llc $150,000
Previous Owner Revitalize Ilm Llc $2,277,000
Previous Owner Revitalize Ilm Llc $4,500,000
Previous Owner Revitalize Ilm Llc $1,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2023 06/14/23 Sold $1,000,000 -4.8% $25 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
05/09/2023 05/09/23 Price Changed $1,049,900 0.0% $26 / Sq Ft
03/21/2023 03/21/23 For Sale $1,050,000 -- $26 / 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 $5,290 $608,000 $50,500 $557,500
2022 $437 $51,400 $51,400 $0
2021 $440 $51,400 $51,400 $0
2020 $429 $40,700 $40,700 $0
2019 $429 $40,700 $40,700 $0
2018 $429 $40,700 $40,700 $0
2017 $429 $40,700 $40,700 $0
2016 $404 $36,500 $36,500 $0
2015 $387 $36,500 $36,500 $0
2014 $370 $36,500 $36,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100375063

Hive MLS

APN: R04809-026-010-000