Property is located in the middle of downtown Wilmington. The land footprint is .41 acres (17,795 sq ft). The parcel has about 132.07 feet of frontage on North 3r Street. The property is location in the CBD (Central Business District). By right you can build up to 100 Feet. This property is located close to the Courthouse, City of Wilmington Building, hotels, banks, Office Buildings, Convention Center and many local business and residential areas. There is a one Story 8,141 sq. ft. building onsite. Per the City of Wilmington, this building is not a contributing structure so it can be utilized or removed/demo for a complete re-development of this prime location in Wilmington's Central Business District.
Property Details
Property Features
Listing Office:
Office Name: Intracoastal Realty Corp
Exterior Features
Exterior Information:
Waterfront: None
Lot Features
Lot Information:
Lot: Urban
Lot Size: 0.41 Acres
Other
Directions Information:
Directions: Take N 3rd Street to Downtown. The property is in the 200 block between Chestnut and Grace Street. Property is on the east side of 3rd Street.
Price Information
Listing Price Info
Price Summary:
List Price: $3,850,000
Tax Information:
Annual Amount: $7,347
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Wilmington, NC.
This property is $3.4M more than the Median Sold Price in Wilmington, NC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #100389934
Listing Office:
Office Name: Intracoastal Realty Corp
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 12, 2017
Jun 12, 2017Home Sold
$1,150,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$7,347
$654,000
2019
$7,347
$654,000
2018
$7,347
$654,000
2017
$7,049
$654,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$19.2K
Per Month
Principal & Interest
$19.2K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.6K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Douglass Academy
507 N 6th St
Distance between this listing and this school0.30 miles
Public Charter Grades KG-5
3
/10
Annie H Snipes Academy of Arts & Design
2150 Chestnut St
Distance between this listing and this school1.47 miles
Public Magnet Grades KG-5
2
/10
Rachel Freeman School of Engineering
2601 Princess Place Dr
Distance between this listing and this school1.91 miles
Public Magnet Grades KG-5
Nearby Schools
4
/10
The International School at Gregory
1106 Ann St
Distance between this listing and this school0.74 miles
Public Magnet Grades KG-8
3
/10
Williston Middle School
401 S 10th St
Distance between this listing and this school0.83 miles
Public District Grades 6-8
3
/10
D.C. Virgo Preparatory Academy
813 Nixon St
Distance between this listing and this school0.90 miles
Public District Grades KG-8
Nearby Schools
2
/10
New Hanover High School
1307 Market St
Distance between this listing and this school0.78 miles
Public District Grades 9-12
4
/10
Career Readiness Academy at Mosley Plc
3702 Princess Place Dr
Distance between this listing and this school2.62 miles
Public District Grades 6-12
5
/10
Girls Leadership Academy of Wilmington
4100 Sunglow Dr
Distance between this listing and this school2.85 miles
The neighbors living near this home have an average income of $42,500. Most Wilmington, NC residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 218 N 3rd St
What is the listing price of this property?
The listing price of 218 N 3rd St property is $3,850,000.
What type of property is this?
The property 218 N 3rd St is land located in Wilmington, North Carolina, 28401.
Is this property for sale now?
Active Listing: 218 N 3rd St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $7,347 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 12, 2017 for $1,150,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 218 N 3rd St in Wilmington, NC and zip code 28401 in the Historic Downtown neighborhood. This home sits on a 0.41 acre lot. It has been listed on Rocket Homes since June 16, 2023 and is currently priced at $3,850,000.
Over 46 listings were sold over their listed price in October 2024 in Wilmington, NC. In the same period over 153 listings were sold below the listed price and 66 listings were sold for the listed price. The inventory of homes for sale in Wilmington, NC between September 2024 and October 2024 increased by 3.5%. While the average time on the market in October 2024 was 44 days, the median list price was $425,528.
From Rocket Homes Real Estate and based on county public records data.