1011 Pine Grove Drive, Wilmington, NC 28409

$199,000
3
BD
2
BA
1,466
SqFt
List Price
$199,000
Status
ACTIVE
MLS#
100162994
Price Change
▼ $40,900 1563828906
Days on Market
73
Year Built
1954
Levels
1 Story
Bedrooms
3
Bathrooms
2
Full-baths
2
Living Area
1,466
Acres
1.68
Neighborhood
Florence Montford

Property Description

Prime location with multiple options! Renovate the 1950's home with good bones and original hardwood floors and keep it on a prime 1.7 ac lot in the best school district in a central and private location. Subdivide the lot into 2 parcels, keeping and renovating the house on one and building a new income producing property or guest house/garage on the 2nd lot. That subdivision process has been approved and started but not recorded. If increased utilities were brought in (est 30-40K) and house torn down the lot could be subdivided into 4 lots that comply with current zoning (R-15). If the lot were rezoned to a higher density such as R-10, R-7 or R-5 the potential for more than 4 lots is there. Newer projects right across the street have such zoning. Potential to rezone commerical as well. Municipal water and sewer are connected however copper piping for water was stolen under the house and new connections from crawlspace to actual fixtures in home will be needed. No HVAC or appliances. Window units are in place. Don't forget to check out items uploaded under Documents tab Property is not heated at all, however there is 1466 sq of living space Portion of property in AE flood zone

Additional Information

Taxes
$1,944
Available Amenities
No Amenities
Appliances
None
Interior Features
1st Floor Master
Cooling
Wall/Window Unit(s)
Heating
None
Water Heater
Electric
Fireplaces
1
Floors
Wood
Foundation
Crawl Space
Roof
Shingle
Exterior Finish
Asbestos - Shingle, Brick
Exterior Features
Covered, Porch
Parking
Off Street, Unpaved
Utilities
Municipal Sewer, Municipal Water
Elementary School
Parsley
Middle School
Roland Grise
High School
Hoggard

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of Bluecoast Realty Corporation.

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