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$425,000

Beds
3
Baths
2.0
sq ft
1,571

1012 Fanning Street, Wilmington, NC 28401

1012 Fanning Street

Wilmington, NC 28401

  • 112 days on market
    • Price drop $25,000↓
Step into this beautifully preserved 1920s cottage located in the heart of Downtown Wilmington located near the Soda Pop & Brooklyn Arts District. This charming 3Bed/2Bath home features a sizable front porch, ideal for morning coffee or evening chats. Inside you will find an inviting open-concept layout, enhanced by archways and crown molding. The spacious living room flows seamlessly into the kitchen, equipped with stainless steel appliances, with a breakfast nook leading to a formal dining/family room. The primary suite has an ensuite bathroom. There are also two additional bedrooms and a guest bathroom. Both bathrooms boast tiled -to-the ceiling tub shower combos, offering a touch of luxury. The large screened porch offers a space to relax outdoors. Don't miss the opportunity to own this gem, blending historic charm with modern conveniences.

Details

Property type

Single Family Residence

Lot size

3,960 sq ft

Price per sq ft

$271

Year built

1920

Price History

09/27/2024
NorthCarolinaRegional

NorthCarolinaRegional #100457510

Price change
$425,000
-5.56%
08/21/2024
NorthCarolinaRegional

NorthCarolinaRegional #100457510

Price change
$450,000
-5.24%
07/25/2024
NorthCarolinaRegional

NorthCarolinaRegional #100457510

Listed
$474,900
-2.08%

Schools & Community

Elementary school: 

Snipes

Middle school: 

Williston

High school: 

New Hanover

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$287,521
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$103,479
Cash to seller
$287,521

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

City Of Wilmington

Loan start date

March 2020

Original loan amount

$125,000

Est. remaining balance

$103,479

Interest rate

3.47%

Loan type

Not Provided, 20 year

Seller

Lidna Marietta Jones

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/13/2024 at 10:10 PM

Listing updated: 10/20/2024 at 2:54 AM

Listed by: Julie L Thomas, Berkshire Hathaway HomeServices Carolina Premier Properties Phone #: (910) 256-0021

MLS: NorthCarolinaRegional #100457510

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