Do I need a real estate agent to buy a home in Wilmington NC?

While not legally required, working with a local buyer's agent costs you nothing as a buyer in North Carolina — the seller typically covers both agent commissions. Given the complexity of contracts, due diligence periods, and local market nuance, having an experienced Wilmington real estate agent on your side is strongly advisable. Contact our team to speak with one of our agents before you begin your search.

How long does it take to buy a home in Wilmington NC?

From accepted offer to closing, most transactions in North Carolina close within 30 to 45 days. The due diligence period — during which inspections, financing, and negotiations occur — typically runs two to three weeks. Finding the right property can take anywhere from a few weeks to a few months depending on your criteria and current market conditions.

What is the due diligence fee in North Carolina?

North Carolina uses a unique due diligence system where buyers pay a non-refundable fee directly to the seller in exchange for an agreed period to inspect the property and conduct their research. The amount is negotiable and varies by property value and market conditions. Your Wilmington Realty agent will advise you on what is appropriate for any specific offer.

Can I buy a property and have Wilmington Realty manage it for me?

Yes — this is one of our most common arrangements. Our sales agents assist with the purchase, and once you close, our property management team takes over immediately. You have one point of contact for the full lifecycle of your investment.

How do I get a free home valuation in Wilmington NC?

You can request a free, no-obligation home valuation using the form on this page or by calling Wilmington Realty directly at (910) 477-2447. One of our agents will review comparable sales in your area and provide a realistic market value assessment, typically within 48 hours.

What areas does Wilmington Realty serve for real estate sales?

Wilmington Realty serves the greater Wilmington NC area including all of New Hanover County (Wilmington, Wrightsville Beach, Downtown Wilmington, Historic District, Porter's Neck, Monkey Junction, Kings Grant, Ogden, Castle Hayne, Myrtle Grove, and more), Brunswick County (particularly Leland), and Pender County (including Hampstead).

Why use Wilmington Realty to sell my investment property?

Wilmington Realty's unique position as both a property management company and a real estate brokerage means we have an established pool of investors actively looking to purchase rental properties. We can often match sellers with buyers from within our own inventory, resulting in faster sales, fewer days on market, and smoother tenant transitions.

4 N Lake Park Boulevard, Carolina Beach, NC 28428 (MLS# 100323029)

Your search results

$1,475,000

4 N Lake Park Boulevard
Carolina Beach, NC 28428
MLS# 100323029
Status: Closed
4050 sqft

1 / 3

Property Description
Quaint Historic Motel in the Heart of Carolina Beach near the boardwalk. The Wanda Inn Motel has been a staple at Carolina Beach since 1938. This a prime location and opportunity for a Buyer.

Details

Maps

Building/Ext Features

# of Units: 14

Lot Acres: 0.28

Lot SqFt: 12035

Lot Dimensions: Each parcel: 81x50; 10x56; 50x99; 25x99

SqFt - Total Available: 3744

Location Type: Island

Contract Info

Delayed Marketing?: Yes

Sub-Type: Improved

Garage: N/A

Space: Yes

Sale/Lease: Sale

Auction: No

List Price/SqFt: 370.37

Stipulation of Sale: Standard

Status: Closed

Marketing Start Date: 2022-04-15

Listing Price: 1500000

Current Price: $1,475,000

Location Information

City Limits: Yes

Marketing City: Carolina Beach

Secondary Subdivision: N/A

Street #: 4

Pre Direction: N

Street Name: Lake Park

Street Suffix: Boulevard

County: New Hanover

State/Province: NC

Zip Code: 28428

Subdivision: Heart of Carolina Beach

Geo Lat: 34.033881

Geo Lon: -77.893792

Remarks and Showing

Sign on Property: No

Directions to Property: From intersection of College Road and Carolina Beach Rd take 421 South towards Carolina Beach. Keep straight over Snows Cut Bridge. Carolina Beach Rd/421 S will become Lake Blvd N. Motel is on the left just after the Raleigh Avenue intersection directly across the street from Truist Bank.

Building Info

New Construction: No

Legal and Taxes

Tax Assessed Value: 477300

Deed Book: 4877

Deed Page: 1987

Legal: See attached Exhibit A

Broker Owner: No

PID: R09006-020-002-000

Tax Identifier: R09006-020-002-000

Plat Book: 3

Plat Page: 23

Total Real Estate Property Taxes: 3293.37

Special Assessments: None Known

Tax Year: 2021

Zoning: CBD

HOA: No

Cobra Zone: No

Year Built: 1938

Business Type

Hotel/Motel: 1

Current Service Providers

Electric Provider: Duke Progress Energy

Terms

Cash: 1

Parking Features

Off Street: 1

On Site: 1

Private: 1

Unpaved: 1

Sale/Lease Includes

Buildings: 1

Business: 1

Equipment: 1

Fixtures: 1

Furniture: 1

Land: 1

Licenses/Permits: 1

Road Type/Frontage

4+ Lanes: 1

Maintained: 1

Paved: 1

Heating System Fuel Source

Electric: 1

Utilities

Water Available: 1

Water Source

Municipal Water: 1

Sewer

Municipal Sewer: 1

BuildingExt Features

SqFt - Heated (Primary): 4050

Status Change Info

Under Contract Date: 2022-04-16

Sold Price: $1,475,000

Sold Date: 2022-06-03

Property Features

Business Type: Hotel/Motel

Parking Features: Off Street; On Site; Private; Unpaved

Heating System Fuel Source: Electric

Utilities: Water Available

Sewer: Municipal Sewer

Water Source: Municipal Water

Terms: Cash

IDX

Listing Office: Berkshire Hathaway HomeServices Carolina Premier Properties

Last Updated: June - 06 - 2022

Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.

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