19 days on rocket

Sale Pending

705 Lorraine Cir, Wilmington, NC, 28412

$325,000

Home List Price

$3,859*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,374 SqFt
$237/SqFt
House
Schools Nearby

Location

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705 Lorraine Cir, Wilmington$325,000

Buyer Closing Credits

$3,859*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGravel
Garage1 space
Year Built1970
HeatingHeat Pump
CoolingCentral Air
FireplaceNone
MLS #100437804
Lot Size0.27 Acres
StatusSale Pending
(Pending)

About 705 Lorraine Cir

MULTIPLE OFFERS RECEIVED - **All offers must be submitted by 4/15 at 5:00PM** Investors or residents take note! Welcome to 705 Lorraine Circle. With no HOA, this home is currently taking advantage of the short-term rental market on Airbnb and is generating passive income. This FULLY FURNISHED 3 bedroom, 1.5 bath home sits on a quiet residential street, with two driveways providing ample parking. Upon entering, guests are greeted by a cozy living room furnished with comfortable seating arrangements, including a plush sofa and armchairs. A large flat-screen TV provides entertainment options. Adjacent to the living room is a large dining table overlooking the front yard offering a pleasant dining experience. The kitchen is fully equipped with modern appliances, including a stove, oven, refrigerator, microwave, and dishwasher, as well as essential cookware and utensils. The house features three well-appointed bedrooms, each designed to ensure a restful night's sleep for guests. The primary bedroom boasts a convenient en-suite half bathroom. The second and third bedrooms are furnished with cozy full-sized beds and generous closet space, accommodating additional guests or family members. In addition to the en-suite half bathroom in the primary bedroom, there's a full bathroom centrally located in the hallway, serving the remaining bedrooms. Stepping outside, guests can unwind and relax in the spacious, fenced backyard, which offers a private, quiet retreat. The outdoor space features an open patio area with outdoor seating, perfect for al fresco dining or hosting gatherings with friends and family. A detached garage could act as a garage or workshop. A one-year 2-10 home warranty provides piece of mind. Come take a look at this fantastic home today!

Property Details

Property Features

Property Information:

  • Year Built: 1970
  • Stories: 1
  • Living Area: 1,374 SqFt

Listing Office:

  • Office Name: Coldwell Banker Sea Coast Advantage

Interior Features

Interior Information:

  • Appliances: Electric Cooktop, Dishwasher, Dryer, Refrigerator, Electric Oven, Electric Stove, Washer
  • Interior: 1st Floor Master, Ceiling Fan(s), Pantry, Smoke Detectors
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Gravel

Lot Features

Lot Information:

  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Eugene Ashley High School, Public District Grades 9-12
  • Isaac M Bear High School, Public District Grades 9-12
  • Wilmington Early College High School, Public District Grades 9-12
  • Charles P Murray Middle School, Public District Grades 6-8
  • Mary C Williams Elementary School, Public District Grades PK-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: From Carolina Beach Road, turn onto Silver Lake Road. Turn left onto Ilex Drive. Turn left onto Lorraine Circle, and the home will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $325,000
  • Price Per SqFt: $237/SqFt

Tax Information:

  • Annual Amount: $732
  • 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

705 Lorraine Cir vs Wilmington

19 DAYS ON ROCKET

-20 Days

$325,000

-$84.1K Less

$237/SqFt

+$1 More

KEY TAKEAWAY

This property is $84.1K less than the Median Sold Price and $1/SqFt more than other homes in Wilmington, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #100437804

Listing Office:

  • Office Name: Coldwell Banker Sea Coast Advantage

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, 1:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 13, 2021Home Sold
$265,000
Feb 03, 2020Home Sold
$203,000
Sep 28, 2012Home Sold
$118,000

Tax History

YEARPROP. TAXASSESSMENT
2020$732$115,700
2019$731$115,700
2018$732$115,700
2017$703$115,700

History based on county public records data.

Payment Calculator

$1,690

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

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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-3128144
6
/10

  • Mary C Williams Elementary School

  • 801 Silver Lake Rd

  • 0.14 miles

  • Public District Grades PK-5

school-card-donut-3128145
4
/10

  • Dr John Codington Elementary School

  • 4321 Carolina Beach Rd

  • 1.85 miles

  • Public District Grades KG-5

school-card-donut-3128146
7
/10

  • Dr Hubert Eaton Sr Elementary School

  • 6701 Gordon Rd

  • 9.77 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3128147
9
/10

  • Charles P Murray Middle School

  • 655 Halyburton Memorial Parkwy

  • 2.91 miles

  • Public District Grades 6-8

High School

school-card-donut-3128148
5
/10

  • Eugene Ashley High School

  • 555 Halyburton Memorial Parkwy

  • 2.77 miles

  • Public District Grades 9-12

school-card-donut-3128149
8
/10

  • Isaac M Bear High School

  • 630 Macmillan Ave N

  • 5.73 miles

  • Public District Grades 9-12

school-card-donut-3128150
9
/10

  • Wilmington Early College High School

  • 4500 Blue Clay Rd

  • 12.80 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 $61,816. Residents of Wilmington, NC typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 705 Lorraine Cir

What is the listing price of this property?

The listing price of 705 Lorraine Cir property is $325,000.

What type of property is this?

The property 705 Lorraine Cir is a house located in Wilmington, North Carolina, 28412.

Is this property for sale now?

Sale Pending: 705 Lorraine Cir 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 705 Lorraine Cir are:
Mary C Williams Elementary School: GreatSchools Rating 6/10
Dr John Codington Elementary School: GreatSchools Rating 4/10
Dr Hubert Eaton Sr Elementary School: GreatSchools Rating 7/10
Charles P Murray Middle School: GreatSchools Rating 9/10
Eugene Ashley High School: GreatSchools Rating 5/10
Isaac M Bear High School: GreatSchools Rating 8/10
Wilmington Early College High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $732 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 13, 2021 for $265,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 705 Lorraine Cir has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 705 Lorraine Cir is 1,374 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 705 Lorraine Cir is 1970.

Rocket Homes›North Carolina›New Hanover County›Wilmington›28412›705 Lorraine Cir

This home is located at 705 Lorraine Cir in Wilmington, NC and zip code 28412 in the Silver Lake neighborhood. This 1,374 square foot home, which was built in 1970, sits on a 0.27 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $325,000.

In March 2024 more than 54 listings in Wilmington, NC were sold above the asking price. During the same period more than 53 listings were sold at asking price, while more than 157 were sold below. The number of homes for sale in Wilmington, NC increased by 6.8% between February 2024 and March 2024. While the average time on the market in March 2024 was 39 days, the median list price was $409,102.

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

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