tomo logo

$515,000

Beds
3
Baths
2.5
sq ft
1,816

503 South 5th Avenue, Wilmington, NC 28401

503 South 5th Avenue

Wilmington, NC 28401

  • Pending
Investors, seize the opportunity in historic Wilmington, NC! This meticulously maintained home combines historic charm with modern updates, presenting an ideal investment prospect. Operating as a successful unfurnished long-term rental since 2018, the property has consistently maintained full occupancy. Located within a short walking distance to the downtown riverfront, the Castle Street Art District with vibrant restaurants, and the popular Cargo District. Also with its convenient location to Wrightsville Beach, this home offers unparalleled convenience for tenants who cherish proximity to both the vibrant city center and the relaxing coastal shores. Don't miss out on this prime investment with a proven rental history and an unbeatable location!

Details

Property type

Single Family Residence

Est. home value

$453,256

Lot size

1,980 sq ft

Price per sq ft

$284

Year built

1903

Price History

07/04/2024
NorthCarolinaRegional

NorthCarolinaRegional #100451782

Pending
$515,000
06/21/2024
NorthCarolinaRegional

NorthCarolinaRegional #100451782

Listed
$515,000
+135.7%
06/01/2017
NorthCarolinaRegional

NorthCarolinaRegional #100033250

Sold
$218,500

Schools & Community

Elementary school: 

Snipes

Middle school: 

Williston

High school: 

Unknown

Seller’s Loan History

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

Lender

Branch Banking And Trust Co

Loan start date

March 2007

Original loan amount

$66,621

Est. remaining balance

Not provided

Interest rate

6.21%

Loan type

Credit Line (Revolving)

Seller

Mary L Connor

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: Pending/Under Contract

Tomo last checked: 07/05/2024 at 12:20 AM

Listing updated: 07/04/2024 at 4:39 PM

Listed by: David G McGee, Keller Williams Innovate-Wilmington Phone #: (910) 777-2200

MLS: NorthCarolinaRegional #100451782

NorthCarolinaRegional logo

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