$1,200,000
Wilmington, NC 28401
MLS# 100232633
Status: Closed
5 beds | 5.5 baths | 3310 sqft
1 / 16
Property Description
Unique Historic District home with 5 individual condos, a bed and breakfast permit and grandfathered short term rentals use! The Charity-Prescott House (c.1837) at 415 S Front Street is set upon a double lot above Front Street just a short stroll to Riverwalk and downtown. The home consists of five historic ''condos'' with 8 deeded parking spaces. All five of the units are permitted to be rented nightly as a grandfathered use that predates the city's Short Term Rentals ordinance. There are no other multi family str rentals in the entire city and this grandfathered use is transferable upon sale. The Prescott house underwent a mid 2000s full renovation by Plantation Builders. The scope of work included adding a second story to the back, siding, mechanicals and a two part (metal over membrane) roof system. Although condo-ed, owner prefers to sell all five units together as a package. Agent/Owners will consider breaking up upon the appropriate interest of multiple parties (Contact agent for details and potential pricing). Sold furnished with exclusions. See you on the porch!
Details
Maps
Contract Info
Status: Closed
Effective Date: 2020-08-17
Delayed Marketing Date (DM): 2020-08-17
Sub-Type: Quadruplex
Auction: No
Listing Price: 1250000
Current Price: $1,200,000
List Price/SqFt: 377.64
Sub Agent Comm $/%: $
Buyer Agent Comm: 3
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
Location Information
Street #: 415
Pre Direction: S
Street Name: Front
Street Suffix: Street
Unit #: A-E
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Historic District
Secondary Subdivision: N/A
Geo Lat: 34.229604
Geo Lon: -77.947664
Remarks and Showing
Directions to Property: Market Street towards Cape Fear River. Take a left on Front Street. Home is on the left, 2.5 blocks down.
Sign on Property: Yes
Building Info
New Construction: No
Property Exterior/Interior Info
Lot Acres: 0.24
Lot SqFt: 10559
Lot Dimensions: 66x165x66x165
Waterfront: No
Waterview: No
Location Type: Mainland
# Bedrooms: 5
# Baths - Total: 5.5
SqFt - Heated (Primary): 3310
# Total Units: 4
Stories: 2
Owner Occupied: No
Property Mgmt Company: No
Financials Available: Yes
Legal and Taxes
Tax Assessed Value: 711000
Deed Book: 5740
Deed Page: 2852
Legal: UNIT A 415 SOUTH FRONT ST
UNIT B 415 SOUTH FRONT ST
UNIT C 415 SOUTH FRONT ST
UNIT D 415 SOUTH FRONT ST
UNIT E 415 S
Broker Owner: Yes
PID: 311712.86.1205.001
Tax Identifier: R05405-033-004-000
Special Assessments: none
Tax Year: 2020
Year Built: 1837
Zoning: HDR
HOA: No
Cobra Zone: No
Elementary School: Snipes
Middle School: Williston
High School: New Hanover
Status Change Info
Under Contract Date: 2020-09-01
Sold Price: $1,200,000
Sold Date: 2020-12-16
Garage & Parking
Other - See Remarks: Off Street Parking
Current Service Providers
Electric Provider: Duke Energy
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority
Side/Unit 1
Total Rooms: 4
# of Bedrooms: 1
Full Baths: 1
Avg SqFt: 646
Furnished: Yes
Occupied: Yes
Side/Unit 2
Total Rooms: 3
# of Bedrooms: 1
Full Baths: 1
Avg SqFt: 694
Furnished: Yes
Occupied: Yes
Side/Unit 3
Total Rooms: 4
# of Bedrooms: 1
Full Baths: 1
Avg SqFt: 748
Furnished: Yes
Occupied: Yes
Side/Unit 4
Total Rooms: 4
# of Bedrooms: 1
Full Baths: 1
Avg SqFt: 620
Furnished: Yes
Occupied: Yes
Property Features
Attic: Access Only
Basement: None
Construction: Brick/Stone; Wood Frame
Exterior Features: Mail on Site; Security Lighting; Trash on Site
Exterior Finish: Wood Siding
Fencing: None
Foundation: Crawl Space
Fuel Tank: None
Parking Features: Dirt; Off Street; On Site; Shared; Unpaved
Patio and Porch Features: Balcony; Covered; Porch
Pool/Spa: None
Roof: Membrane; Metal
Stories/Levels: 1st Floor; 2nd Floor
Road Type/Frontage: Alley; Public (City/Cty/St)
Lot Water Features: None
Cooling: Central
Heating: Heat Pump
Water Heater: Electric
Utilities: Municipal Sewer; Municipal Water
Appliances/Equip: Dryer; Microwave - Built-In; Refrigerator; Stove/Oven - Electric; Washer
Fireplace: 3+
Flooring: Wood
Interior Features: Ceiling Fan(s)
Laundry Location: Room
Dining Room Type: Combination
Side/Unit 1 Cooling: Central
Side/Unit 1 Heating: Heat Pump
Side/Unit 1 Rent Frequency: Monthly
Side/Unit 2 Cooling: Central
Side/Unit 2 Heating: Heat Pump
Side/Unit 2 Rent Frequency: Daily
Side/Unit 2 Owner Pays: Trash Removal
Side/Unit 3 Cooling: Central
Side/Unit 3 Heating: Heat Pump
Side/Unit 3 Rent Frequency: Daily
Side/Unit 4 Cooling: Central
Side/Unit 4 Heating: Heat Pump
Side/Unit 4 Rent Frequency: Daily
HOA and Neigh Amenities: Cable; Laundry; Maint - Comm Areas; Maint - Grounds; Maintenance Structure; Master Insure; Trash
Listing Office: Coastal Select Properties
Last Updated: March - 10 - 2022
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