1011 Pine Grove Drive
Wilmington, NC 28409

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

Details

MLS#100162994
StyleHouse
Sub-TypeResale
StatusActive
Year1954
Days On Site110

Features

Bed(s)3
Bath(s) 2 Full
SQ Feet1,466
Story(s)1.0
Acreage1.68

Additional Information

Ocean FrontNo
Ocean ViewNo
Water AccessNo
Bonus RoomNo
Boat SlipNo
Master DownYes
Finished Room Over GarageNo
HOANo
FireplaceYes
Great RoomNo
FencingNo
PorchYes
SunroomNo
DeckNo

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Area Information

StateNC
CountyNew Hanover
CityWilmington
Zip Code28409
AreaNew Hanover
Community NameFlorence Montford
Elementary SchoolParsley
Middle SchoolRoland Grise
High SchoolHoggard
Listing VS Median (in Florence Montford)
Price:
$199,000
low | high
Med:
$199,000
50% of Average
SqFt:
1,466
low | high
Med:
1,466
50% of Average
$ / SqFt:
$136
low | high
Med:
$136
50% of Average
On Site:
110
low | high
Med:
110
100% of Average
Listing Updated: 08/17/2019
MLS Number: 100162994
Listing Provided By:
Chris H Fischer  of  BlueCoast Realty Corporation
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