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$359,900

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1,229 Sq. Ft.
  • 0.07 Acres
  • Updated 1 day ago
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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.

Full Property Details for 1120 S 3rd St

General

  • Price: $359,900
  • Taxes: $2,554 (2024)
  • Status: Active
  • Type: Single Family
  • Source: 2253
  • MLS ID: 100509231
  • Updated: 5/13/2026
  • Added to Site: 65 day(s) ago

Interior

  • Number of Rooms: 5
  • Interior Features: High Ceilings, Bookcases, Ceiling Fan(s), Furnished, Blinds/Shades
  • Appliances: Gas Oven, Gas Cooktop, Built-In Microwave, Washer, Refrigerator, Dryer
  • Furnishings: Negotiable
  • Flooring: Laminate, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2
  • Primary Bedroom: Primary Living Area

Other Rooms

  • Laundry: Laundry Closet

Additional Information

  • Shared Amenities: Park, Playground, Sidewalks
  • Security/Safety: Smoke Detector(s)

Exterior

  • Porch/Patio/Deck: Open, Deck, Porch

Parking

  • Parking Features: Concrete, Off Street

Location

  • County: New Hanover
  • Subdivision: Not In Subdivision
  • Driving Directions: West (toward River) on Market Street, make left onto 3rd Street and make right onto Marstellar. First right onto Roderick Alley and house will be the 1st driveway to the right (beside Axes and Allies). Please use back door only.

School Information

  • High School District: New Hanover
  • Elementary School: Snipes
  • Middle School: Williston
  • High School: New Hanover

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Heat Pump
  • Heating Type: Heat Pump, Electric, Forced Air, Natural Gas

Utilities

  • Sewer: Municipal Sewer, Cape Fear Public Utility Authority
  • Water: Public
  • Utility Description: Sewer Available, Water Available

Structural Information

  • Architectural Style: Historic District
  • Structure Type: Wood Frame, Stick Built
  • Construction: Fiber Cement, Wood Frame
  • Basement Desc.: None
  • Roof: Shingle
  • Stories/Levels: 1
  • Square Feet: 1,229
  • Year Built: 1912

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size (Sq. Ft.): 3,136
  • Lot Dimensions: .12
  • Frontage: Alley, City Street, State Road
  • Zoning: UMX
  • Fencing (Description): Privacy, Back Yard, Wood

Green Features

  • Energy Efficient: Lighting, LED Lighting

Financial Considerations

  • For Sale: Yes
  • Price Per Sq. Ft.: $292.84
  • Assessment Amount: $434,000
  • Tax Amount: $2,554
  • Tax Year: 2024
  • Terms: Cash, Conventional, FHA, Lease Purchase, VA Loan, Lease w/Purch. Opt., Seller Financing

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: SE 4 Blk 4 Wilm
  • Property ID: R05413-018-015-000

Listed by Sold Buy the Sea Realty, Grace Hodgkins

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Listing agent

— 1120 S 3rd St —

  • Grace Hodgkins

    Sold Buy the Sea Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1120 S 3rd St

School District:New Hanover County Schools
NameGradesDistance
Annie H Snipes Elementary
2150 Chestnut Street, Wilmington, NC 28405
K-51.9 mi
Williston Middle
401 South 10th Street, Wilmington, NC 28401
6-80.9 mi
New Hanover High
1307 Market Street, Wilmington, NC 28401
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1120 S 3rd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/11/2026
Listed
$359,900
149.93%
MLS
8/01/2017
Sold
$144,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1120 S 3rd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,156
100%
$366,400
194%
2024
-100%
$124,800
—
2023
$1,055
-1%
$124,800
—
2021
$1,068
102%
$124,800
—
2022
$530
-50%
$124,800
61%
2021
$1,068
31%
$77,300
—
2018
$814
—
$77,300
—
2019
$814
—
$77,300
—
2017
$814
-39%
$77,300
-35%
2016
$1,326
5%
$119,700
—
2015
$1,268
5%
$119,700
—
2013
$1,202
—
$119,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1120 S 3rd St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Sold Buy the Sea Realty, Grace Hodgkins

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1120 S 3rd Street, Wilmington, NC 28401 (MLS# 100509231) is a Single Family property with 2 bedrooms and 1 full bathroom. 1120 S 3rd Street is currently listed for $359,900 and was received on March 11, 2026. Want to learn more about 1120 S 3rd Street? Do you have questions about finding other Single Family real estate for sale in Chestnut Heights - Princess Place? You can browse all Chestnut Heights - Princess Place real estate or contact a Coldwell Banker agent to request more information.

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