14 days on rocket

Sale Pending

1116 S 3rd St, Wilmington, NC, 28401

$225,000

Home List Price

$2,672*

Closing Credit

2 Bedrooms
1 Full Bath
962 SqFt
$234/SqFt
House
Schools Nearby

Location

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1116 S 3rd St, Wilmington$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOn Site, On Street
Year Built1897
HeatingForced Air, Heat Pump
CoolingCentral Air
Fireplace1
MLS #100438694
Lot Size0.17 Acres
StatusSale Pending
(Pending)

About 1116 S 3rd St

Welcome to your next investment opportunity! This charming one-story fixer-upper, built in 1897, holds immense potential for savvy investors. Situated on a parcel zoned UMX (Urban Mixed-Use), the possibilities for residential or commercial ventures are abundant. Detailed information regarding UMX zoning regulations and allowances is available in the provided documents. Access to the property is convenient via Roderick Alley, a city-maintained alley located at the rear of the home off Marstellar St. This property's prime location is another key selling point. Situated just a short distance from the popular Greenfield Street restaurants and downtown Wilmington, it offers convenience and accessibility to vibrant city amenities. This proximity enhances its appeal to potential residents or customers, making it an attractive investment opportunity. In summary, this property is primed for transformation into an incredible opportunity. Bring your ideas, your vision, and let this property become the cornerstone of your success story.

Property Details

Property Features

Property Information:

  • Year Built: 1897
  • Stories: 1
  • Living Area: 962 SqFt

Listing Office:

  • Office Name: Intracoastal Realty Corp

Interior Features

Interior Information:

  • Interior: None
  • Fireplace: 1

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: On Site, On Street

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Isaac M Bear High School, Public District Grades 9-12
  • Wilmington Early College High School, Public District Grades 9-12
  • Eugene Ashley High School, Public District Grades 9-12
  • Williston Middle School, Public District Grades 6-8
  • Sunset Park Elementary School, Public District Grades KG-5
  • Dr John Codington Elementary School, Public District Grades KG-5
  • Dr Hubert Eaton Sr Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Take Market street towards downtown, take a left on 3rd street and the destination will be on the right with street parking available. To access entrance via Roderick Alley: Take Market Street towards downtown, take a left on 3rd, turn right onto Marstellar Street and Roderick alley is the first alley on the right. Proceed to end of the alley and the house is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $234/SqFt

Tax Information:

  • Annual Amount: $325
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Wilmington, NC.

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Wilmington, NC

City

Med. Sold Price

$409.1K

Med. Price/SqFt

$236

Avg. Days On Market

39

# of Sold Homes

264

1116 S 3rd St vs Wilmington

14 DAYS ON ROCKET

-25 Days

$225,000

-$184.1K Less

$234/SqFt

-$2 Less

KEY TAKEAWAY

This property is $184.1K less than the Median Sold Price and $2/SqFt less than other homes in Wilmington, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #100438694

Listing Office:

  • Office Name: Intracoastal Realty Corp

IDX Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 2:25:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$325$61,700
2019$324$61,700
2018$325$61,700
2017$516$61,700

History based on county public records data.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3149821
5
/10

  • Sunset Park Elementary School

  • 613 Alabama Ave

  • 0.93 miles

  • Public District Grades KG-5

school-card-donut-3149822
4
/10

  • Dr John Codington Elementary School

  • 4321 Carolina Beach Rd

  • 4.08 miles

  • Public District Grades KG-5

school-card-donut-3149823
7
/10

  • Dr Hubert Eaton Sr Elementary School

  • 6701 Gordon Rd

  • 7.05 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3149824
1
/10

  • Williston Middle School

  • 401 S 10th St

  • 0.92 miles

  • Public District Grades 6-8

High School

school-card-donut-3149825
8
/10

  • Isaac M Bear High School

  • 630 Macmillan Ave N

  • 3.78 miles

  • Public District Grades 9-12

school-card-donut-3149826
9
/10

  • Wilmington Early College High School

  • 4500 Blue Clay Rd

  • 8.03 miles

  • Public District Grades 9-12

school-card-donut-3149827
5
/10

  • Eugene Ashley High School

  • 555 Halyburton Memorial Parkwy

  • 8.57 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,097. Typical income of Wilmington, NC residents is less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1116 S 3rd St

What is the listing price of this property?

The listing price of 1116 S 3rd St property is $225,000.

What type of property is this?

The property 1116 S 3rd St is a house located in Wilmington, North Carolina, 28401.

Is this property for sale now?

Sale Pending: 1116 S 3rd St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 1116 S 3rd St are:
Sunset Park Elementary School: GreatSchools Rating 5/10
Dr John Codington Elementary School: GreatSchools Rating 4/10
Dr Hubert Eaton Sr Elementary School: GreatSchools Rating 7/10
Williston Middle School: GreatSchools Rating 1/10
Isaac M Bear High School: GreatSchools Rating 8/10
Wilmington Early College High School: GreatSchools Rating 9/10
Eugene Ashley High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $325 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1116 S 3rd St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1116 S 3rd St is 962 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1116 S 3rd St is 1897.

Rocket Homes›North Carolina›New Hanover County›Wilmington›28401›1116 S 3rd St

This home is located at 1116 S 3rd St in Wilmington, NC and zip code 28401 in the Dry Pond / South Side neighborhood. This 962 square foot home, which was built in 1897, sits on a 0.17 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $225,000.

In March 2024, from all listings sold in Wilmington, NC there were more than 54 sold above asking price, over 157 sold below and more than 53 were sold right at the asked price. The number of homes for sale in Wilmington, NC increased by 6.8% between February 2024 and March 2024. The median list price of listings available in March 2024 was $409,102, while the average time on the real estate market was 39 days.

From Rocket Homes Real Estate and based on county public records data.

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