120 Yorktown Drive, Wilmington, NC 28401

$675,000
Property Type: Residential Bedrooms: 7 Baths: 3 Square Footage: 3,668 Lot Size (sq. ft.): 54,711 Status: Active
Current Price: $675,000 List Date: 4/20/2024 Last Modified: 4/29/2024

Description

RARE FIND! 1.3 acres in 28401 with a 3668 sq ft, 7 bedroom, 2 bath home zoned B-1, which means you can live in it or run a business out of it, or both. NOT included in the sq feet is an additional 1,000 sq ft of unfinished attic space. The county has approved for the land to be divided into 3 lots, with the current home being on one lot zoned B-1, and two additional lots zoned R-15. Since the plat is not recorded yet, the plan can change, it would just need to be approved by the county. If you don't divide it, you have one of the last large beautiful lots in this zip code just minutes to downtown, 1/2 mile to the airport, and minutes to 3 bypasses. This home is close to Preservation Point, River Bluffs, Hanover Lakes, and three new neighborhoods being developed on Castle Hayne Road. You are not on top of your neighbor. You will be nestled into your own little oasis. If you want an investment, this home can be turned into a duplex, triplex or group home. Zoning does change, so please verify. The reason this spot is so special is because you have the feel of the county, but are close to the city. You are on septic and well. You have lots of options to build or just sit and wait until everything around you gets built up. With new rooftops come more restaurants and businesses. If you know the area, you know it is the next area to explode since there is barely any land left this close to downtown to build on. Go to zoning and check out all of the approved permits in this area. The airport is getting a hotel, and an entertainment center. There are two new gas stations scheduled to break ground in 2024, and apartments approved. Gem studios is a couple of miles away. This home would make a great one because you have a lot of options-Build on it, or use as an AirBNB, B&B, OFFICE, or HOME. The home is a diamond in the rough.

Supplements: The home has been priced at $182/sq ft, way under the comps. That price doesn't include two additional buildable lots 15,000-19,000 sq ft each. Fortunately, since the plat map has not been recorded, a builder can redesign it. The owners were thinking of selling off the lots, but will let the market tell them the highest and best use, so bring all ideas! The lot line goes all the way around the bend on Yorktown and ends by the horse farm. Lots marked with pink ribbons/iron markers based on approved proposal. This is an extraordinary home with major potential but if you want new construction, this is not it. There are cameras on site both inside and outside the home, so please schedule the showing and do not ride through the property.

More Information MLS# 100439921

Contract Info

Sub-Type: Single Family Residence Construction Type: Stick Built Status: Active Effective Date: 2024-04-20 Delayed Marketing?: No Delayed Marketing Date (DM): 2024-04-20 Listing Price: 675000 Current Price: $675,000 List Price/SqFt: 184.02 Sub Agent Comm $/%: % Buyer Agent Comm: 2.5 Buyer Agent Comm $/%: % Variable Comm: No Stipulation of Sale: None

Location Information

Street #: 120 Street Name: Yorktown Street Suffix: Drive County: New Hanover State/Province: NC Zip Code: 28401 City Limits: No Marketing City: Wilmington Subdivision: Arlington Heights Secondary Subdivision: N/A Geo Lat: 34.274484 Geo Lon: -77.927487

Remarks and Showing

Directions to Property: 23rd St past Airport. Right on Castle Hayne and immediate left on Yorktown. Home on left. Sign on Property: Yes

Property Exterior Info

New Construction: No Lot Acres: 1.26 Lot SqFt: 54711 Lot Dimensions: 121 x 536 x 212 x 355 Waterfront: No Waterview: No Location Type: Mainland

Property Interior Info

SqFt - Heated (Primary): 3668 Total SqFt - Heated (Primary + Separate): 3668 # Rooms: 11 # Baths - Full: 2 # Baths - Half: 1 # Baths - Total: 3 # Bedrooms: 7 Master Bedroom Level: Non Primary Living Area Stories: 2

Legal & Taxes

Tax Assessed Value: 188700 Total Real Estate Property Taxes: 985.96 Deed Book: 6660 Deed Page: 847 Legal: ( 1.30 Acres) 1.3 Ac Pt Tr A Council Hgt Broker Owner: No PID: R04106-003-001-000 Tax Identifier: R04106-003-001-000 Special Assessments: None Tax Year: 2023 Year Built: 1945 Zoning: B-1 HOA: No Cobra Zone: No Elementary School: Wrightsboro Middle School: Holly Shelter High School: New Hanover

Property Features

Basement: None Construction: Wood Frame Unit Type: 4+ Bedroom Exterior Finish: Wood Siding Fencing: Partial Foundation: Crawl Space Fuel Tank: None Parking Features: Off Street Patio and Porch Features: Covered; Porch; Wrap Around On-Site Pool/Spa: None Roof: Metal Stories/Levels: Two Road Type/Frontage: Paved; Public (City/Cty/St) Lot Water Features: None Cooling: Wall/Window Unit(s) Heating: Fireplace(s) Heating System Fuel Source: Wood Water Heater: Electric Utilities: Municipal Water; Septic On Site Appliances/Equip: Refrigerator; Stove/Oven - Electric Fireplace: 1 Flooring: LVT/LVP; Wood Interior Features: Blinds/Shades Heated SqFt: 3500 - 3999 Dining Room Type: Formal Terms: Cash; Lease w/Purch. Opt.; Seller Financing
Listing Office: Shoreline Realty
Last Updated: April - 29 - 2024
120 Yorktown Drive, Wilmington, NC 28401- MLS# 100439921
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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