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Backup Offers

811 Gerdes Aly, Wilmington, NC, 28401

$699,000

Home List Price

$8,301*

Closing Credit

8 Bedrooms
4 Baths
2,488 SqFt
$281/SqFt
Multi

Location

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811 Gerdes Aly, Wilmington$699,000

Buyer Closing Credits

$8,301*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOn Site
Year Built1985
HeatingWall Furnace
CoolingWall/Window Unit(s)
WaterfrontNone
FireplaceNone
MLS #100470498
Lot Size0.29 Acres
StatusAccepting Backup Offers
(Pending with Showings)

About 811 Gerdes Aly

Exceptional Investment Opportunity in Downtown Wilmington! Unlock the potential of 805, 807, 809, and 811 Gerdes Alley! This property features two duplex buildings with a total of four updated 2-bedroom, 1-bathroom units--perfectly situated in the vibrant heart of Wilmington.Property Highlights:Four Modern Units: Each thoughtfully updated for comfort and styleConvenient Amenities: All units include a washer/dryer and dedicated storage roomOff-Street Parking: Ensures ease of access for residents and guestsExpansion Potential: Opportunity to add additional units for increased income!Whether you're a seasoned investor or looking to start your portfolio, this property offers a fantastic return in a desirable location.

Property Details

Property Features

Property Information:

  • Year Built: 1985
  • Stories: 1
  • Living Area: 2,488 SqFt

Listing Office:

  • Office Name: RE/MAX Executive

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Concrete, Tile
  • Interior: 1st Floor Master
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None

Parking Information:

  • Attached Garage: No
  • Parking: On Site

Lot Features

Lot Information:

  • Lot Size: 0.29 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: From Wooster Street, take a left on Gerdes Alley, from Castle Street toward Queen Street, take a right on Gerdes Alley, units are on the Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000
  • Price Per SqFt: $281/SqFt

Tax Information:

  • Annual Amount: $1,223
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Wilmington, NC.

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Wilmington, NC

City

Med. Sold Price

$425.5K

Med. Price/SqFt

$244

Avg. Days On Market

44

# of Sold Homes

265

811 Gerdes Aly vs Wilmington

41 DAYS ON ROCKET

-3 Days

$699,000

+$273.4K More

$281/SqFt

+$36 More

KEY TAKEAWAY

This property is $273.4K more than the Median Sold Price and $36/SqFt more than other homes in Wilmington, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #100470498

Listing Office:

  • Office Name: RE/MAX Executive

IDX 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, 5:20:49 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

Apr 12, 2018Home Sold
$176,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,223$116,100
2019$1,223$116,100
2018$1,223$116,100
2017$1,095$116,100

History based on county public records data.

Payment Calculator

$3,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

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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.

Nearby Schools

school-card-donut-187473
5
/10

  • Douglass Academy

  • 507 N 6th St

  • 1.10 miles

  • Public Charter Grades KG-5

school-card-donut-187474
3
/10

  • Annie H Snipes Academy of Arts & Design

  • 2150 Chestnut St

  • 1.30 miles

  • Public Magnet Grades KG-5

school-card-donut-187475
1
/10

  • Forest Hills Global Elementary School

  • 602 Colonial Dr

  • 1.36 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $13,713. Typical income of Wilmington, NC residents is less than $35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›North Carolina›New Hanover County›Wilmington›28401›811 Gerdes Aly

This home is located at 811 Gerdes Aly in Wilmington, NC and zip code 28401 in the Dry Pond / South Side neighborhood. This 2,488 square foot home, which was built in 1985, sits on a 0.29 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $699,000.

In October 2024, from all listings sold in Wilmington, NC there were more than 46 sold above asking price, over 153 sold below and more than 66 were sold right at the asked price. In October 2024 in Wilmington, NC there were 3.5% more homes for sale than in September 2024. 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.

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