Owner
$676,585
1846 CARIBE CT, WILMINGTON, NC
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
3
sq. ft.
2,685
property type
Single Family Residential
hoa
Yes
About
Residential
Building Quality B-
Good Condition
Living Area
Underground/Basement
1 Story
Unspecified Basement
Central
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2009
Building Size
2,685 sq ft
Lot Size
12,197 sq ft
Lot Size (Acres)
0.28 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
R07908-005-045-000
County
New Hanover County, North Carolina
Metro Area
Wilmington, NC
Zoning
R-15,RESIDENTIAL DISTRICT
Neighborhood/Subdivision
AVALON WEST
Lot Number
15
School District
New Hanover County Schools
Legal Description
LOT 15 AVALON WEST
Tax & Value Information
Market Value (Total)
$466,400
Building Value
$363,300
Land Value
$103,100
Annual Property Tax
$2,488
Tax Assessment Year
2024
Assessed Value
$466,400
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
10/22/2008
Recording Date
10/24/2008
Sales Document #
2008.41690
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$26,180
Return on Investment
15.60%
After Repair Value
$744,244
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$608,927
Renovation Cost
$33,829
Closing Costs (buying)
$12,179
Holding Costs
$18,474
Selling Costs
$44,655
Total Investment
$167,793
After Repair Value (ARV)
$744,244
Total Costs
$718,063
Estimated Profit
$26,180
Cash Invested
$155,615
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area