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355 Virginia Avenue

355 Virginia Avenue, Wilmington, NC 28401
Property in Sunset South
Sold Aug 13, 2019
$178,000
$169,100 by North State Bank
Mortgage Due Sep 01, 2049
Sold Jun 29, 2015
$123,500
$116,371 by On Q Financial Inc
Mortgage Due Jul 01, 2045
Local assessors in Wilmington, NC have categorized 355 Virginia Avenue as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 3,920 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional 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, 4 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 2 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 355 Virginia Avenue has a total of 1,344 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. The home sources its water from a well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. 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. The building has a roof that is made of composition shingle. Lots of alum/vinyl siding 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. 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, 355 Virginia Avenue sold most recently in Aug 8, 2019 for a total of $178,000. If you work out the math, that's approximately a cost of $132.44 per sqft. Before that, the property was also sold for $123,500 in Jun 16, 2015. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,527 in taxes each year. 355 Virginia Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $180,700. If we break it down further, the land itself was valued at $53,100. Improvements to the property, however, were assessed at a total of $127,600. 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: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 672
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 3,920
  • Total Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,344
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: SUNSET SOUTH
  • Land Acres: 0.09
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: LOT 72 SUNSET SOUTH

Ownership

  • Current Owner : SCOTT EMILY A
  • Previous Owner : RUTLEDGE ELIZABETH MARSHALL
  • Previous Owner 2: HELDRETH RUTLEDGE JOHNATHAN
  • Owner Before Previous Owner: NEASE WILLIAM
  • Owner Before Previous Owner 2: NEASE JENNIFER
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Hanover County Schools
  • Census Tract: 010800

Zoning

  • Zoning: MF-M,MULTI

Geography

  • Assessors Map Reference: MAP 6013
  • District: WM
  • Parcel: R06013-016-075-000
  • Block: 16
  • Lot: 72
  • Municipality: WILMINGTON
  • Latitude: 34.1961
  • Longitude: -77.9417

    Address

  • Full Address: 355 Virginia Ave
  • Address - House Number: 355
  • Address - Street Name: Virginia
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Wilmington
  • Carrier Code: C037
  • 4-Digit Zip Code: 7035
  • Zip Code: 28401

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,527
  • Tax Rate Code Area: WM

    Appraisal Valuation

  • Standard Deviation: 0.2041
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 72
  • Final Value: 319,701
  • High Value: 384,973
  • Low Value: 254,430

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $169,100
  • First Open Lien Mortgage Lender: NORTH STATE BANK
  • First Open Lien Mortgage Recording Date: Aug 13, 2019
  • First Open Lien Mortgage Loan Amount: $169,100
  • 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: Sep 01, 2049

    Market Valuation

  • Market Total Value: $180,700
  • Market Land Value: $53,100
  • Market Improvement Value: $127,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,700
  • Assessed Land Value: $53,100
  • Assessed Improvements Value: $127,600

    Sales

  • Current Sale Contract Date: Aug 08, 2019
  • Current Sale Recording Date: Aug 13, 2019
  • Current Sale Transaction ID: 11635224962
  • Current Sale Price: $178,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019025581
  • Previous Sale Recording Date: Jun 29, 2015
  • Previous Sale Contract Date: Jun 16, 2015
  • Previous Sale Amount: $123,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NORTH STATE BANK
  • First Mortgage Transaction Date: Aug 13, 2019
  • First Mortgage Loan Amount: $169,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: ON Q FINANCIAL INC
  • Previous Mortgage Transaction Date: Jun 29, 2015
  • Previous Mortgage Loan Amount: $116,371
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2045

About Sunset Park



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Frequently Asked Questions

What neighborhood is 355 Virginia Avenue located in?
The 355 Virginia Avenue is a located in the neighborhood of Sunset South in Sunset Park, Wilmington.
What is the average sales price for listings in 355 Virginia Avenue?
The average sales price for units in 355 Virginia Avenue is $0 currently.

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