408 N 5th Avenue, Wilmington, NC 28401

$645,000
Property Type: Residential Bedrooms: 6 Baths: 3 Square Footage: 2,209 Lot Size (sq. ft.): 2,962 Status: Closed
Current Price: $645,000 List Date: 8/17/2022 Last Modified: 2/23/2023

Description

Classic historic character abounds in this 1920's home, with many craftsman details. High ceilings, beautiful hardwoods throughout, built-ins, pocket doors, transom windows, original wainscoting, updated kitchen and bathroom, too many details to list. Upstairs is currently being rented as a long -term rental, and downstairs as an Airbnb. Downstairs is being sold fully furnished (minus a few personal items). Ready and on go, to continue renting as an Airbnb, with instant income. Upstairs is being sold with appliances. Great property for investors, or new owner could live in one and rent the other to pay the mortgage, or can short term rent both. Downstairs has 3 bedrooms with 1.5 bathrooms, updated kitchen with new cabinets, granite and stainless steel appliances including gas stove. Upstairs has 3 bedrooms with 1 bath, just renovated with tile walk-in shower. Currently the small bedroom is being used as a large walk-in closet. Sit and enjoy the view and people watch on the large front porches, or relax on the spacious deck out back, complete with natural gas firepit. There is space for off street parking for 1 vehicle in the back of the home . This area is walking distance to EVERYTHING: Brooklyn Arts, Flytrap Brewery, Marina, countless shops and eateries and the Riverwalk. Estimated rental Income $50k-$60k.

More Information MLS# 100344799

Contract Info

Sub-Type: Single Family Residence Construction Type: Stick Built Status: Closed Effective Date: 2022-08-17 Delayed Marketing Date (DM): 2022-08-17 Auction: No Listing Price: 675000 Current Price: $645,000 List Price/SqFt: 305.57 Sub Agent Comm $/%: % Buyer Agent Comm: 2.5 Buyer Agent Comm $/%: % Variable Comm: No Stipulation of Sale: None

Location Information

Street #: 408 Pre Direction: N Street Name: 5th Street Suffix: Avenue County: New Hanover State/Province: NC Zip Code: 28401 City Limits: Yes Marketing City: Wilmington Subdivision: Not In Subdivision Secondary Subdivision: N/A Geo Lat: 34.240742 Geo Lon: -77.943602

Remarks and Showing

Directions to Property: Head west on Oleander Dr toward Oleander Dr. Turn right onto S 17th St. Turn left onto Market St. Turn right onto N 5th Ave. House will be on the right. Sign on Property: Yes

Property Exterior Info

New Construction: No Lot Acres: 0.07 Lot SqFt: 2962 Lot Dimensions: irregular Waterfront: No Waterview: No Location Type: Mainland

Property Interior Info

SqFt - Heated (Primary): 2209 Total SqFt - Heated (Primary + Separate): 2209 # Rooms: 12 # Baths - Full: 2 # Baths - Half: 1 # Baths - Total: 3 # Bedrooms: 6 Master Bedroom Level: Primary Living Area Stories: 2

Legal & Taxes

Tax Assessed Value: 286900 Total Real Estate Property Taxes: 2438.65 Deed Book: 6059 Deed Page: 1431 Legal: NW 4 WILMINGTON BLK 222 Broker Owner: No PID: R04813-034-014-000 Tax Identifier: R04813-034-014-000 Plat Book: tbd Plat Page: tbd Special Assessments: None Tax Year: 2022 Year Built: 1920 Zoning: HD-R HOA: No Cobra Zone: No Federal Flood Ins Avlbl: Yes Elementary School: Snipes Middle School: Williston High School: New Hanover

Status Change Info

Under Contract Date: 2022-11-07 Sold Price: $645,000 Sold Date: 2022-12-05

Property Features

Attic: Stairs - Pull Down Basement: None Construction: Wood Frame Unit Type: Apartments Exterior Features: Storm Doors Exterior Finish: Vinyl Siding Fencing: Back Yard; Full; Wood Foundation: Brick/Mortar; Crawl Space Fuel Tank: None Green Bldg Certify: None Parking Features: Assigned; Gravel; Off Street; On Site; On Street Patio and Porch Features: Covered; Deck; Porch Roof: Shingle Stories/Levels: Two Road Type/Frontage: Public (City/Cty/St) Cooling: Central Heating: Forced Air; Gas Pack Heating System Fuel Source: Natural Gas Utilities: Municipal Sewer; Municipal Water Appliances/Equip: Cooktop - Electric; Cooktop - Gas; Dishwasher; Disposal; Dryer; Microwave - Built-In; Refrigerator; Stove/Oven - Gas; Washer Fireplace: 2 Flooring: Wood Interior Features: 1st Floor Master; 2nd Kitchen; Blinds/Shades; Ceiling Fan(s); Foyer; Furnished; Pantry; Solid Surface; Walk-in Shower Laundry Features: Room Heated SqFt: 2200 - 2399 Dining Room Type: Combination; Formal HOA and Neigh Amenities: No Amenities Terms: Cash; Conventional
Listing Office: Waypost Realty LLC
Last Updated: February - 23 - 2023
408 N 5th Avenue, Wilmington, NC 28401- MLS# 100344799
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.