Now Priced $74K BELOW TAX VALUE!!
This charming circa-1912 cottage is tucked beneath the protective canopy of a 100 year old live oak tree, yet elevated enough to offer a true treehouse feel! This house was taken down to the studs and completely restored in 2006 by Wilmington's own, Steve Bakunas and his partner, the late, acclaimed actor, Linda Lavin.
Zoned UMX, Urban Mixed Use), the property offers flexible live/work options (see documents).
Recent improvements include newer HVAC (2023) and hot water heater (2024) The kitchen features a gas stove and the fully fenced back yard, provides privacy and usability, Crawlspace has been encapsulated and a de-humidifier installed (2025). Many items on prior inspection report have been addressed.
The property also boasts a strong rental history. House in same block has rented for $3K/month, so it will cash flow.
Ideally located near the vibrant South Front District and Greenfield Lake attractions, this downtown gem includes off-street parking with alley access--an increasingly rare feature. The home is being sold partially furnished. Broker is owner. Seller will consider owner financing with acceptable terms. Property is being sold in it's current condition.
Sold for $350,000
$350,000
1120 S 3rd Street, Wilmington, NC 28401
2beds
1,229sqft
Single Family Residence
Built in 1912
3,049.2 Square Feet Lot
$348,800 Zestimate®
$285/sqft
$1,548 Estimated rent
Home value
$348,800
$331,000 - $370,000
$1,548/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Grace Hodgkins 910-352-6256,
Sold Buy the Sea Realty
Bought with:
Demetria L Padgett, 238881
eXp Realty
Source: Hive MLS,MLS#: 100509231
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: Main
- Dimensions: 13 x 13
Bedroom 2
- Level: Main
- Dimensions: 10 x 10
Bonus room
- Description: Front Hall with laundry closet
- Level: Main
- Dimensions: 12 x 9
Kitchen
- Level: Main
- Dimensions: 18 x 9
Living room
- Level: Main
- Dimensions: 27 x 14
Heating
- Heat Pump, Electric, Forced Air, Natural Gas
Cooling
- Central Air, Heat Pump
Appliances
- Included: Gas Oven, Gas Cooktop, Built-In Microwave, Washer, Refrigerator, Dryer
- Laundry: Laundry Closet
Features
- High Ceilings, Bookcases, Ceiling Fan(s), Furnished, Blinds/Shades
- Flooring: Laminate, Vinyl
- Basement: None
- Attic: Pull Down Stairs
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 1,229
- Total interior livable area: 1,229 sqft
Property
Parking
- Parking features: Concrete, Off Street
Features
- Levels: One
- Stories: 1
- Patio & porch: Open, Deck, Porch
- Fencing: Privacy,Back Yard,Wood
- Has view: Yes
- View description: See Remarks
- Frontage type: See Remarks
Lot
- Size: 3,049 sqft
- Dimensions: .12
Details
- Parcel number: R05413018015000
- Zoning: UMX
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Historic District
- Property subtype: Single Family Residence
Materials
- Fiber Cement, Wood Frame
- Foundation: Brick/Mortar, Block, Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Green energy
- Energy efficient items: Lighting
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Wilmington
- Subdivision: Not In Subdivision
HOA & financial
HOA
- Has HOA: No
- Amenities included: Park, Playground, Sidewalks
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,Lease Purchase,VA Loan,Private Financing Available
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Sold | $350,000-2.8%$285/sqft |
Source:  Hive MLS #100509231 Report a problem | ||
| 4/7/2026 | Contingent | $359,900$293/sqft |
Source: Hive MLS #100509231 Report a problem | ||
| 3/12/2026 | Price change | $359,900-2.1%$293/sqft |
Source: Hive MLS #100509231 Report a problem | ||
| 3/11/2026 | Listed for sale | $367,531$299/sqft |
Source: Hive MLS #100509231 Report a problem | ||
| 2/28/2026 | Contingent | $367,531$299/sqft |
Source: Hive MLS #100509231 Report a problem | ||
| 1/21/2026 | Price change | $367,531+1%$299/sqft |
Source: Hive MLS #100509231 Report a problem | ||
| 11/24/2025 | Price change | $364,000-1.1%$296/sqft |
Source: Hive MLS #100509231 Report a problem | ||
| 11/4/2025 | Listed for sale | $368,000$299/sqft |
Source: Hive MLS #100509231 Report a problem | ||
| 10/15/2025 | Contingent | $368,000$299/sqft |
Source: Hive MLS #100509231 Report a problem | ||
| 10/2/2025 | Price change | $368,000-2.9%$299/sqft |
Source: Hive MLS #100509231 Report a problem | ||
| 9/5/2025 | Listed for sale | $379,000-2.6%$308/sqft |
Source: Hive MLS #100509231 Report a problem | ||
| 6/27/2025 | Contingent | $389,000$317/sqft |
Source: Hive MLS #100509231 Report a problem | ||
| 6/19/2025 | Price change | $389,000-2.5%$317/sqft |
Source: Hive MLS #100509231 Report a problem | ||
| 5/23/2025 | Listed for sale | $399,000+177.1%$325/sqft |
Source: Hive MLS #100509231 Report a problem | ||
| 2/25/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/28/2023 | Listed for rent | $2,200+12.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/12/2020 | Listing removed | $1,950$2/sqft |
Source: Sea River Realty Report a problem | ||
| 12/18/2019 | Listed for rent | $1,950+8.3%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/1/2018 | Listing removed | $1,800$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/25/2017 | Listed for rent | $1,800$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/7/2017 | Sold | $144,000+6.7%$117/sqft |
Source: Hive MLS #100070999 Report a problem | ||
| 7/10/2017 | Pending sale | $135,000$110/sqft |
Source: Intracoastal Realty Wrightsville Beach #100070999 Report a problem | ||
| 7/3/2017 | Listed for sale | $135,000+92.9%$110/sqft |
Source: Intracoastal Realty Corp #100070999 Report a problem | ||
| 6/16/2016 | Sold | $70,000+0.1%$57/sqft |
Source: Public Record Report a problem | ||
| 5/19/2016 | Pending sale | $69,900$57/sqft |
Source: Ludwig Realty, Inc. #100012725 Report a problem | ||
| 5/11/2016 | Listed for sale | $69,900$57/sqft |
Source: Ludwig Realty, Inc. #100012049 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,156 +98.6% | $366,400 +193.6% |
| 2024 | $1,086 +3% | $124,800 |
| 2023 | $1,055 -0.6% | $124,800 |
| 2022 | $1,061 -0.7% | $124,800 |
| 2021 | $1,068 +31.2% | $124,800 +61.4% |
| 2020 | $814 | $77,300 |
| 2019 | $814 +33.3% | $77,300 |
| 2018 | $611 -25% | $77,300 |
| 2017 | $814 -38.6% | $77,300 -35.4% |
| 2016 | $1,326 +4.6% | $119,700 |
| 2015 | $1,268 +4.4% | $119,700 |
| 2014 | $1,214 | $119,700 |
| 2013 | -- | $119,700 |
| 2012 | -- | $119,700 +6.5% |
| 2011 | -- | $112,432 |
| 2010 | -- | $112,432 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $38,137 -42.5% |
| 2004 | -- | $66,316 +68.2% |
| 2003 | -- | $39,438 |
| 2002 | -- | $39,438 |
| 2001 | -- | $39,438 +8.7% |
| 2000 | -- | $36,286 |
Find assessor info on the county website
Neighborhood: Dry Pond/Lake Forest
Nearby schools
GreatSchools rating
- 5/10Annie H Snipes ElementaryGrades: K-5Distance: 1.9 mi
- 6/10Williston MiddleGrades: 6-8Distance: 0.9 mi
- 3/10New Hanover HighGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Snipes
- Middle: Williston
- High: New Hanover
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$348,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$348,800
- North Carolina
- New Hanover County
- Wilmington
- 28401
- Dry Pond/Lake Forest
- 1120 S 3rd Street
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