NOT LISTED FOR SALE

989 Downey Branch Ln Wilmington, NC 28403

Devon Park Neighborhood

Estimated Value: $243,030 - $261,000

2 Beds
2.5 Baths
1,056 Sq Ft
$239/Sq Ft Est. Value

Last Sold June 25, 2020

Last sale price $138,000 $131 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $1,634/month

Highlights

  • Deck
  • Main Floor Primary Bedroom
  • Thermal Windows
  • John T. Hoggard High School Rated A-
  • Covered Patio or Porch
  • Storm Windows

About This Home

As of June 2020

Located near UNCW and downtown Wilmington, close to beaches and area shopping, this home is perfect for carefree living or to use as a great investment property. . Rare two bedroom/two and 1/2 bath with open living area. There is LVT flooring, brand new HVAC and newer refrigerator. This home comes complete with home warranty and is turnkey ready for immediate occupancy. Don't miss out on this one. Will not last at this price.

Last Agent to Sell the Property

Sophie A Johnson

Sophie's Choice License #212359 Listed on: 05/12/2020

Last Buyer's Agent

Ryan Rhodes

Nest Realty License #310085

Nest Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,041

Year Built

  • Built in 2005

Lot Details

  • 871 Sq Ft Lot
  • Property fronts a private road

HOA Fees

  • $180 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Stick Built Home

Interior Spaces

  • 1,056 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Thermal Windows
  • Blinds
  • Combination Dining and Living Room
  • Laundry closet

Kitchen

  • Electric Cooktop
  • Stove
  • Range Hood
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Walk-in Shower

Home Security

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Assigned Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Location

  • Interior Unit

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R05514-001-082-000

Community Details

Overview

  • Wilshire Townhouses Subdivision

Pet Policy

  • Only Owners Allowed Pets

Security

  • Storm Windows
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,041

Year Built

Built in 2005

Lot Details

0

HOA Fees

$180 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Townhouse
  • Cobra Zone: No
  • Construction: Brick/Stone, Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Interior, Two
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Attic: None
  • Basement: None
  • Dining Room Type: Combination, Kitchen
  • Fireplace: None
  • Flooring: Carpet, Tile, LVT/LVP
  • Heated Sq Ft: 1000 - 1199
  • Interior Amenities: Blinds/Shades, Smoke Detectors, Walk-in Shower, Ceiling Fan(s)
  • Laundry Location: Closet
  • List Price per Sq Ft: 137.31
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedrooms: 2
  • Bedroom 2 Level: Second
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: Second
  • Sq Ft Heated: 1056.00
  • Total Heated Primary Separate Sq Ft: 1056.00

Exterior Features

  • Exterior Features: Storm Windows, Thermal Windows
  • Exterior Finish: Brick, Fiber Cement
  • Fencing: None
  • Foundation: Slab
  • On Site Pool Spa: None
  • Porch Balcony Deck: Covered, Porch, Deck
  • Road Type Frontage: Maintained, Private, Paved
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Garage And Parking: None
  • Garage And Parking Driveway Spaces: 2.00
  • Garage And Parking Other See Remarks: Add'l Guest parking
  • Parking Driveway: Assigned, On Site, Street Only

Utilities

  • Appliances Equipment: Cooktop - Electric, Stove/Oven - Electric, Vent Hood, Refrigerator, Ice Maker, Disposal, Dishwasher
  • Cooling System: Central
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Water Provider: Cape Fear Public Utility Authority
  • Utilities: Municipal Sewer, Municipal Sewer Available
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Owner Pets Only, Sidewalk
  • HOAAssociationFee1Year: 2160.00

Lot Info

  • Deed Page: 2880.00
  • Lot Acres: 0.02
  • Lot Dimensions: irregular
  • Lot Sq Ft: 871.00
  • Zoning: mfm

Tax Info

  • Tax Identifier: R05514-001-082-000
  • Tax Year: 2019
  • Total City Real Estate Property Tax: 1041.00
  • Total Real Estate Property Taxes: 1041.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2020
Closed on
Jun 22, 2020
Sold by
Poulson Irene Christina
Bought by
Smith Kevin R and Smith Melissa L
Seller's Agent
Sophie A Johnson
Sophie's Choice
Buyer's Agent
Ryan Rhodes
Nest Realty
List Price
$145,000
Sold Price
$138,000
Premium/Discount to List
-$7,000
-4.83%
Current Estimated Value
$252,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,258
Avg. Annual Appreciation
11.70%
Original Mortgage
$103,500
Outstanding Balance
$91,745
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$160,513

Purchase Details

Listed on
Oct 22, 2018
Closed on
Dec 13, 2018
Sold by
Vanwilson Mark Van and Wilson Julie H
Bought by
Poulson Irene Christina
Seller's Agent
Wade Wilson
Coldwell Banker Sea Coast Advantage-Midtown
Buyer's Agent
Sophie A Johnson
Sophie's Choice
List Price
$130,000
Sold Price
$124,000
Premium/Discount to List
-$6,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.29%
Original Mortgage
$99,200
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2009
Sold by
Southerland Patrick B and Southerland Cynthia
Bought by
Vanwilson Mark Van and Wilson Ashley B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Smith Kevin R $138,000 None Available
Poulson Irene Christina $124,000 None Available
Vanwilson Mark Van $114,000 Beacon Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Kevin R $103,500
Previous Owner Poulson Irene Christina $99,200
Previous Owner Vanwilson Mark Van $85,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/25/2020 06/25/20 Sold $138,000 -4.8% $131 / Sq Ft
06/25/2020 06/25/20 For Sale $145,000 +16.9% $137 / Sq Ft
05/20/2020 05/20/20 Pending -- -- --
12/17/2018 12/17/18 Sold $124,000 -4.6% $117 / Sq Ft View Prior Sale
10/26/2018 10/26/18 Pending -- -- --
10/22/2018 10/22/18 For Sale $130,000 -- $123 / 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
2025 $1,527 $259,500 $75,000 $184,500
2023 $1,389 $159,700 $50,000 $109,700
2022 $1,357 $159,700 $50,000 $109,700
2021 $1,367 $159,700 $50,000 $109,700
2020 $1,041 $98,800 $15,000 $83,800
2019 $1,041 $98,800 $15,000 $83,800
2018 $1,041 $98,800 $15,000 $83,800
2017 $1,041 $98,800 $15,000 $83,800
2016 $813 $73,400 $15,000 $58,400
2015 $777 $73,400 $15,000 $58,400
2014 $744 $73,400 $15,000 $58,400
Source: Public Records

Agents Affiliated with this Home

  • Sophie A Johnson

    Seller's Agent in 2020

    Sophie A Johnson

    Sophie's Choice

    (910) 352-3097

    1 in this area

    12 Total Sales

    Sophie A Johnson
    Section Image

  • R

    Buyer's Agent in 2020

    Ryan Rhodes

    Nest Realty

    Section Image
  • Wade Wilson

    Seller's Agent in 2018

    Wade Wilson

    Coldwell Banker Sea Coast Advantage-Midtown

    (910) 619-3502

    1 in this area

    71 Total Sales

    Wade Wilson
    Section Image
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Map

Source: Hive MLS

MLS Number: 100217436

Hive MLS

APN: R05514-001-082-000

North Carolina New Hanover County Wilmington 28403 Devon Park

989 Downey Branch Ln, Wilmington, NC

Not Listed for Sale

Townhouses

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