R E A L E S T A T E R O U N D U P 2 0 1 9
Clockwise from top left: Commercial
land for development at 1004 N.
Fourth Street sold for $851,400. New
Construction at N. Third and Harnett
streets offered 10 new townhouses
with garages and rooftop deck. Three
TIME units (1020,1022 and 1024) sold
between $389,000 and $410,000.
206 Ann Street, the top residential
sale in the downtown area, sold for
$435,000. 200 N. Front Street A-1, a
commercial office or condo space,
sold for $714,000. Three rental
duplexes at 419, 421 and 423 S. Fourth
Street sold together in September for
$655,930 as a package.
city is doing a facelift on some areas. There’s great walkability, a lot
of great restaurants and shops. It’s a completely different life than
the beach, but it just has so much to offer people of all ages.”
Downtown Wilmington saw 122 sales with a closed volume
of $24.7 million. Ninety-five were single family, racking up
more than $17 million in sold prices ranging from $435,000 to
$36,500, a cash sale of 715 S. Seventh Street in need of renova-tion.
Ten were multifamily, duplex or triplex selling for $3.7 mil-lion
combined. Eight sales were residential land, while two were
land for mixed use. Selling for a combined $3.3 million, six were
commercial property.
“In 2019, you could get a brand new, high-rise riverfront condo
for $600,000,” Carla Lewis says.
The top single-family residential sale in downtown Wilmington
was 206 Ann Street, in the historic district between Third Street
ALLISON POTTER
TOWN AND COUNTRY REAL ESTATE
and the Cape Fear River, built in 1903. It sold with multiple offers
in October for $435,000, after just three days on the market, 100
percent of the list price.
“We have a captive audience downtown,” says Sam Simmons
of Port City Properties, listing broker for the Ann Street property.
“We have a lot of lookers and not much inventory of single family,
free-standing homes. Homes without a HOA are appealing.”
Proximity to Wilmington was a factor for buyers looking in
Brunswick, Pender and Onslow counties, as were the beaches and
services. And it is not just year-round residents seeking properties
with these services.
“The proximity to Wilmington is huge to anyone looking to buy
a second home,” says Nick Phillips of Landmark Sotheby’s. “It’s
everything, being able to access major medical, the airport and
world-class dining.”
ALLISON POTTER
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