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1404 Sherwood Drive

1404 Sherwood Drive, Wilmington, NC 28401
Property in Sherwood Forest
Sold Jun 23, 2016
$190,000
$215,000 by Jet Direct Funding Corp
Mortgage Due Aug 01, 2051
Sold Jun 27, 2006
$235,000
Local assessors in Wilmington, NC have categorized 1404 Sherwood Drive as a residential type of property. The home was built in 1960 and is 64 years old. The property's lot size has been calculated to be 21,127 square feet. The linear feet between the front and back of the lot was measured at 1,690 ft and the front of the lot was measured at 1,270 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a raised ranch style. 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 is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1404 Sherwood Drive has a total of 1,568 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a building with no basement that is 1,253 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 338 sqft. 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 good. 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+. The building has a roof that is made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1404 Sherwood Drive sold most recently in Jun 23, 2016 for a total of $190,000. If you work out the math, that's approximately a cost of $121.17 per sqft. Before that, the property was also sold for $235,000 in Jun 26, 2006. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,758 in taxes each year. 1404 Sherwood Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $208,000. If we break it down further, the land itself was valued at $86,900. Improvements to the property, however, were assessed at a total of $121,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Good
  • Building Quality: C+
  • Building Style: Raised Ranch
  • Exterior Walls Type: Brick veneer
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 1,253
  • Garage Type: Detached
  • Garage Square Area: 338
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 21,127
  • Lot Size Depth Feet: 1,690
  • Lot Size Frontage Feet: 1,270
  • Total Building Area: 1,568
  • Building Area: 1,568
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,568
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.485
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: LOT SHERWOOD FOREST

Ownership

  • Current Owner : AIKENS LANCE
  • Current Owner 2: REED JORDAN
  • Previous Owner : BABEL EDWARD
  • Previous Owner 2: BABEL DEBORAH
  • Owner Before Previous Owner: IMAGE PARTNERS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et ux (and wife)

Neighborhood

  • School District Name: New Hanover County Schools
  • Census Tract: 010700

Zoning

  • Zoning: R-10,RESID

Geography

  • Assessors Map Reference: MAP 6006
  • District: WM
  • Parcel: R06006-004-002-000
  • Block: 4
  • Lot: 2
  • Municipality: WILMINGTON
  • Latitude: 34.2112
  • Longitude: -77.9292

    Address

  • Full Address: 1404 Sherwood Dr
  • Address - House Number: 1404
  • Address - Street Name: Sherwood
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Wilmington
  • Carrier Code: C021
  • 4-Digit Zip Code: 6625
  • Zip Code: 28401

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,758
  • Tax Rate Code Area: WM

    Appraisal Valuation

  • Standard Deviation: 0.1829
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 76
  • Final Value: 362,023
  • High Value: 428,239
  • Low Value: 295,806

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $241,500
  • First Open Lien Mortgage Lender: JET DIRECT FUNDING CORP
  • First Open Lien Mortgage Recording Date: Jul 26, 2021
  • First Open Lien Mortgage Loan Amount: $215,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051
  • Second Open Lien Mortgage Lender: FIRST-CITIZENS BANK & TRUST CO
  • Second Open Lien Mortgage Recording Date: Jul 14, 2022
  • Second Open Lien Mortgage Loan Amount: $26,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $208,000
  • Market Land Value: $86,900
  • Market Improvement Value: $121,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $208,000
  • Assessed Land Value: $86,900
  • Assessed Improvements Value: $121,100

    Sales

  • Current Sale Contract Date: Jun 23, 2016
  • Current Sale Recording Date: Jun 23, 2016
  • Current Sale Transaction ID: 1638031584
  • Current Sale Price: $190,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016019285
  • Previous Sale Recording Date: Jun 27, 2006
  • Previous Sale Contract Date: Jun 26, 2006
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Jun 23, 2016
  • First Mortgage Loan Amount: $186,558
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2046

About South Side



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Unit for rent at 710 Hanover Street, Wilmington, NC, 28401

$2,900 /mo

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  • 3 Baths
  • 1,779 ft²
710 Hanover Street, Wilmington, NC, 28401 Listing by Rushell Bongiorno

Frequently Asked Questions

What neighborhood is 1404 Sherwood Drive located in?
The 1404 Sherwood Drive is a located in the neighborhood of Sherwood Forest in South Side, Wilmington.
What is the average sales price for listings in 1404 Sherwood Drive?
The average sales price for units in 1404 Sherwood Drive is $0 currently.

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