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109 Market Street

109 Market Street, Wilmington, NC 28401
Sold May 14, 2021
$550,000
$439,920 by Townebank
Mortgage
Sold Jan 24, 2000
$180,000
109 Market Street has been categorized by the local assessors in Wilmington, NC as a residential type of property. The building on the property was first built in 1840 and is 184 years old. However, we must point out that the home was most recently renovated and altered in 1985. This is a single story building so stairs are not necessary to access other parts of the home. The area measurement of the land has been determined as 784 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 109 Market Street was last sold in May 4, 2021 for $550,000. According to our calculations, that's $270.40 per sqft. Prior to that sales transaction, the property was sold for $180,000 in Jan 24, 2000. Current property owners are expected to pay $0 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 109 Market Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $255,900. To break that down further, the land itself was valued at $74,900. While improvements to the property were assessed at a total of $181,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1840
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C+
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 784
  • Total Building Area: 2,034
  • Gross Building Area: 2,034
  • Building Area: 2,034
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HANOVER HEIGHTS SUBDIVISION
  • Land Acres: 0.018
  • Standard Land Use Code: Parcels with improvements, use not specified
  • Legal Description 1: PT LOT 5 BLK 165 WILM

Ownership

  • Current Owner : DRAM PROPERTIES LLC
  • Previous Owner : SUTTON TERI LYNN
  • Previous Owner 2: SUTTON JOHN MATTHEW
  • Owner Before Previous Owner: PULASKI JOHN MARVIN
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Oct 18, 2023

Neighborhood

  • School District Name: New Hanover County Schools
  • Census Tract: 011300

Zoning

  • Zoning: CBD,CENTRA

Geography

  • Assessors Map Reference: MAP 4720
  • District: BD
  • Parcel: R04720-009-011-000
  • Block: 165
  • Lot: 5
  • Municipality: WILMINGTON
  • Latitude: 34.2356
  • Longitude: -77.9484

    Address

  • Full Address: 109 Market St
  • Address - House Number: 109
  • Address - Street Name: Market
  • Address - Suffix Type: St
  • State: NC
  • City Name: Wilmington
  • Carrier Code: C099
  • 4-Digit Zip Code: 4441
  • Zip Code: 28401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: BD

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $439,920
  • First Open Lien Mortgage Lender: TOWNEBANK
  • First Open Lien Mortgage Recording Date: May 14, 2021
  • First Open Lien Mortgage Loan Amount: $439,920
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $255,900
  • Market Land Value: $74,900
  • Market Improvement Value: $181,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $255,900
  • Assessed Land Value: $74,900
  • Assessed Improvements Value: $181,000

    Sales

  • Current Sale Contract Date: May 04, 2021
  • Current Sale Recording Date: May 14, 2021
  • Current Sale Transaction ID: 11835689917
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021024413
  • Previous Sale Recording Date: Jan 24, 2000
  • Previous Sale Contract Date: Jan 24, 2000
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNEBANK
  • First Mortgage Transaction Date: May 14, 2021
  • First Mortgage Loan Amount: $439,920
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Central Wilmington



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 109 Market Street located in?
The 109 Market Street is a located in the neighborhood of Downtown Wilmington in Central Wilmington, Wilmington.
What is the average sales price for listings in 109 Market Street?
The average sales price for units in 109 Market Street is $0 currently.

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