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1227 South 2nd Street

1227 South 2nd Street, Wilmington, NC 28401
Property in South Side
Sold Nov 25, 2020
$180,000
Local assessors in Wilmington, NC have categorized 1227 South 2nd Street as a residential type of property. The home was built in 2022 and is 2 years old. The property's lot size has been calculated to be 2,178 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1227 South 2nd Street has a total of 1,815 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. Residents rely on central air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with electricity. 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, 1227 South 2nd Street was last sold in Nov 20, 2020 for $180,000. According to our calculations, that's $99.17 per sqft. Current property owners are expected to pay $1,259 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 1227 South 2nd Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $149,000. To break that down further, the land itself was valued at $28,400. While improvements to the property were assessed at a total of $120,600. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 2022
  • Effective Year Built: 2022
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Average
  • Building Quality: C+
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 2,178
  • Total Building Area: 1,815
  • Building Area: 1,815
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,815
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LOUISE P FORMISANO
  • Land Acres: 0.05
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: PT LOTS 5-6 BLK 537 WILMINGTON REV

Ownership

  • Current Owner : STILES JAMES ANDREW
  • Previous Owner : UPSIDE POTENTIAL LLC
  • Owner Generation Identifier: JR

Neighborhood

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

Zoning

  • Zoning: R-3,RESIDE

Geography

  • Assessors Map Reference: MAP 5413
  • District: WM
  • Parcel: R05413-033-030-000
  • Block: 537
  • Lot: 5-6
  • Municipality: WILMINGTON
  • Latitude: 34.2196
  • Longitude: -77.9453

    Address

  • Full Address: 1227 S 2nd St
  • Address - House Number: 1227
  • Street Direction: S
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: NC
  • City Name: Wilmington
  • Carrier Code: C010
  • 4-Digit Zip Code: 6101
  • Zip Code: 28401

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,259
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: WM

    Appraisal Valuation

  • Standard Deviation: 0.1781
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 76
  • Final Value: 329,642
  • High Value: 388,366
  • Low Value: 270,917

    Market Valuation

  • Market Total Value: $149,000
  • Market Land Value: $28,400
  • Market Improvement Value: $120,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $149,000
  • Assessed Land Value: $28,400
  • Assessed Improvements Value: $120,600

    Sales

  • Current Sale Contract Date: Nov 20, 2020
  • Current Sale Recording Date: Nov 25, 2020
  • Current Sale Transaction ID: 11803772129
  • Current Sale Price: $180,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020050660

    Last Sale Mortgage

  • First Mortgage Lender: SOUTH ATLANTIC BANK
  • First Mortgage Transaction Date: Nov 25, 2020
  • First Mortgage Loan Amount: $135,000
  • First Mortgage Terms: 24
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Nov 23, 2022

About South Side



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1227 South 2nd Street located in?
The 1227 South 2nd Street is a located in the neighborhood of South Side in South Side, Wilmington.
What is the average sales price for listings in 1227 South 2nd Street?
The average sales price for units in 1227 South 2nd Street is $0 currently.

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