$675,000
Wilmington, NC 28401
MLS# 100439921
7 beds | 3 baths | 3668 sqft
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Property Description
RARE FIND! 1.3 acres in 28401 with a 3668 sq ft, 7 bedroom, 2 bath home zoned B-1, which means you can live in it or run a business out of it, or both. NOT included in the sq feet is an additional 1,000 sq ft of unfinished attic space. The county has approved for the land to be divided into 3 lots, with the current home being on one lot zoned B-1, and two additional lots zoned R-15. Since the plat is not recorded yet, the plan can change, it would just need to be approved by the county. If you don't divide it, you have one of the last large beautiful lots in this zip code just minutes to downtown, 1/2 mile to the airport, and minutes to 3 bypasses. This home is close to Preservation Point, River Bluffs, Hanover Lakes, and three new neighborhoods being developed on Castle Hayne Road. You are not on top of your neighbor. You will be nestled into your own little oasis. If you want an investment, this home can be turned into a duplex, triplex or group home. Zoning does change, so please verify. The reason this spot is so special is because you have the feel of the county, but are close to the city. You are on septic and well. You have lots of options to build or just sit and wait until everything around you gets built up. With new rooftops come more restaurants and businesses. If you know the area, you know it is the next area to explode since there is barely any land left this close to downtown to build on. Go to zoning and check out all of the approved permits in this area. The airport is getting a hotel, and an entertainment center. There are two new gas stations scheduled to break ground in 2024, and apartments approved. Gem studios is a couple of miles away. This home would make a great one because you have a lot of options-Build on it, or use as an AirBNB, B&B, OFFICE, or HOME. The home is a diamond in the rough.
Details
Maps
Contract Info
Sub-Type: Single Family Residence
Construction Type: Stick Built
Status: Active
Effective Date: 2024-04-20
Delayed Marketing?: No
Delayed Marketing Date (DM): 2024-04-20
Listing Price: 675000
Current Price: $675,000
List Price/SqFt: 184.02
Sub Agent Comm $/%: %
Buyer Agent Comm: 2.5
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
Location Information
Street #: 120
Street Name: Yorktown
Street Suffix: Drive
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: No
Marketing City: Wilmington
Subdivision: Arlington Heights
Secondary Subdivision: N/A
Geo Lat: 34.274484
Geo Lon: -77.927487
Remarks and Showing
Directions to Property: 23rd St past Airport. Right on Castle Hayne and immediate left on Yorktown. Home on left.
Sign on Property: Yes
Property Exterior Info
New Construction: No
Lot Acres: 1.26
Lot SqFt: 54711
Lot Dimensions: 121 x 536 x 212 x 355
Waterfront: No
Waterview: No
Location Type: Mainland
Property Interior Info
SqFt - Heated (Primary): 3668
Total SqFt - Heated (Primary + Separate): 3668
# Rooms: 11
# Baths - Full: 2
# Baths - Half: 1
# Baths - Total: 3
# Bedrooms: 7
Master Bedroom Level: Non Primary Living Area
Stories: 2
Legal & Taxes
Tax Assessed Value: 188700
Total Real Estate Property Taxes: 985.96
Deed Book: 6660
Deed Page: 847
Legal: ( 1.30 Acres) 1.3 Ac Pt Tr A Council Hgt
Broker Owner: No
PID: R04106-003-001-000
Tax Identifier: R04106-003-001-000
Special Assessments: None
Tax Year: 2023
Year Built: 1945
Zoning: B-1
HOA: No
Cobra Zone: No
Elementary School: Wrightsboro
Middle School: Holly Shelter
High School: New Hanover
Property Features
Basement: None
Construction: Wood Frame
Unit Type: 4+ Bedroom
Exterior Finish: Wood Siding
Fencing: Partial
Foundation: Crawl Space
Fuel Tank: None
Parking Features: Off Street
Patio and Porch Features: Covered; Porch; Wrap Around
On-Site Pool/Spa: None
Roof: Metal
Stories/Levels: Two
Road Type/Frontage: Paved; Public (City/Cty/St)
Lot Water Features: None
Cooling: Wall/Window Unit(s)
Heating: Fireplace(s)
Heating System Fuel Source: Wood
Water Heater: Electric
Utilities: Municipal Water; Septic On Site
Appliances/Equip: Refrigerator; Stove/Oven - Electric
Fireplace: 1
Flooring: LVT/LVP; Wood
Interior Features: Blinds/Shades
Heated SqFt: 3500 - 3999
Dining Room Type: Formal
Terms: Cash; Lease w/Purch. Opt.; Seller Financing
Supplements
The home has been priced at $182/sq ft, way under the comps. That price doesn't include two additional buildable lots 15,000-19,000 sq ft each. Fortunately, since the plat map has not been recorded, a builder can redesign it. The owners were thinking of selling off the lots, but will let the market tell them the highest and best use, so bring all ideas! The lot line goes all the way around the bend on Yorktown and ends by the horse farm. Lots marked with pink ribbons/iron markers based on approved proposal.
This is an extraordinary home with major potential but if you want new construction, this is not it. There are cameras on site both inside and outside the home, so please schedule the showing and do not ride through the property.
Listing Office: Shoreline Realty
Last Updated: April - 29 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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