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Seller's Agent in 2021
The Domenico Grillo Real Estate Team
Keller Williams Innovate-Wilmington
905 Rankin St Wilmington, NC 28401
Northside NeighborhoodEstimated Value: $181,000 - $404,000
6
Beds
2
Baths
1,974
Sq Ft
$153/Sq Ft
Est. Value
About This Home
As of November 2021-2 Single family - 2 duplexes - 25 total rooms - 33 tenantsAddress are 718 Church, 720 Church, 905 Rankin A&B, 708 Campbell Street A&BBrings in over 14k a month - NOI is about 11k PLUS (these numbers can easily go up with our management!) Owner is currently raising them and will be even higher before closing Very rare opportunity with letters from the city permitting 'Rooming houses'' which holds tremendous value! There is a huge wait list for tenants wanting to get in along with companies such as trillium and sec 8. Could also be a half way house play, senior living etc which usually rents even higher per room.Roofs are all under 4 years old. Hvacs are all under warranty and the properties have new floors and paint Windows have been upgraded. With proof of funds can provide all financials.
Last Agent to Sell the Property
The Domenico Grillo Real Estate Team
Keller Williams Innovate-Wilmington Listed on: 07/05/2021
Last Buyer's Agent
The Domenico Grillo Real Estate Team
Coldwell Banker Sea Coast Advantage
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,058
Year Built
- Built in 1920
Lot Details
- 2,178 Sq Ft Lot
Home Design
- Duplex
- Shingle Roof
Interior Spaces
- 2 Bathrooms
- 2-Story Property
- Crawl Space
Parking
- Driveway
- Paved Parking
Schools
- Williams Elementary School
- Virgo Middle School
- New Hanover High School
Listing and Financial Details
- Assessor Parcel Number R04813-022-009-001
Community Details
Overview
- No Home Owners Association
- Downtown Subdivision
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 5, 2021
Closed on
Nov 8, 2021
Sold by
Ejp Properties Llc
Bought by
Cch Investments Llc
Seller's Agent
The Domenico Grillo Real Estate Team
Keller Williams Innovate-Wilmington
Buyer's Agent
The Domenico Grillo Real Estate Team
Coldwell Banker Sea Coast Advantage
List Price
$1,699,000
Sold Price
$1,599,000
Premium/Discount to List
-$100,000
-5.89%
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
-$1,296,826
Avg. Annual Appreciation
-36.39%
Original Mortgage
$1,200,000
Outstanding Balance
$1,109,553
Interest Rate
2.88%
Mortgage Type
Commercial
Estimated Equity
-$817,659
Purchase Details
Closed on
Feb 17, 2021
Sold by
Barfield St Jonathan and Barfield Janice
Bought by
Ejp Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,970
Interest Rate
2.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 1, 1987
Sold by
Gause Roger L
Bought by
Barfield Jonathan Janice
Purchase Details
Closed on
Sep 1, 1983
Sold by
Gause Roger L
Bought by
Gause Roger L
Purchase Details
Closed on
Sep 1, 1982
Sold by
Hepler Mamie G
Bought by
Thomas Mamie Heyer
Purchase Details
Closed on
Apr 1, 1979
Bought by
Hepler Mamie G
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cch Investments Llc | $1,599,000 | None Available | |
| Ejp Properties Llc | $125,000 | None Available | |
| Barfield Jonathan Janice | $14,000 | -- | |
| Gause Roger L | $2,000 | -- | |
| Gause Roger L | $11,000 | -- | |
| Thomas Mamie Heyer | -- | -- | |
| Hepler Mamie G | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cch Investments Llc | $1,200,000 | |
| Previous Owner | Ejp Properties Llc | $108,970 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/09/2021 11/09/21 | Sold | $1,599,000 | -5.9% | $810 / Sq Ft |
| 07/27/2021 07/27/21 | Pending | -- | -- | -- |
| 07/05/2021 07/05/21 | For Sale | $1,699,000 | -- | $861 / Sq Ft |
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 |
|---|---|---|---|---|
| 2023 | $1,577 | $181,300 | $36,000 | $145,300 |
| 2022 | $1,541 | $181,300 | $36,000 | $145,300 |
| 2021 | $1,552 | $181,300 | $36,000 | $145,300 |
| 2020 | $1,058 | $100,400 | $15,400 | $85,000 |
| 2019 | $1,058 | $100,400 | $15,400 | $85,000 |
| 2018 | $1,058 | $100,400 | $15,400 | $85,000 |
| 2017 | $1,058 | $100,400 | $15,400 | $85,000 |
| 2016 | $1,293 | $116,700 | $17,400 | $99,300 |
| 2015 | $1,236 | $116,700 | $17,400 | $99,300 |
| 2014 | $1,183 | $116,700 | $17,400 | $99,300 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Hive MLS
MLS Number: 100279692
APN: R04813-022-009-001
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