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18 Water St

Wilmington, NC 28401

2 bd 3 ba 1,478 sqft Built 1899 condos
Most recent sale
$540,000
Jul 20, 2021

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 18, 2024 Listed $799,900 NCRMLS
Jul 20, 2021 Sold $540,000 NCRMLS
Mar 9, 2018 Sold $470,000 NCRCapeFear
Feb 6, 2017 Sold $520,000 NCRCapeFear
Nov 10, 2010 Sold $520,000 Public Record
Nov 10, 2010 Listed $599,000 NCRCapeFear
Oct 30, 2010 Listing removed $599,000 NCRCapeFear
Dec 22, 2009 Listed $599,000 NCRCapeFear
Oct 20, 2008 Listed $499,500 NCRCapeFear
Oct 20, 2008 Sold $470,000 Public Record
Dec 1, 1998 Sold $275,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $812,000 $812,000 $3,160
2024 $812,000 $812,000 $5,147
2021 $550,700 $550,700 $5,014
2020 $428,100 $428,100 $4,809
2019 $428,100 $428,100 $4,809
2018 $428,100 $428,100 $4,809
2017 $428,100 $428,100 $4,809
2016 $298,400 $298,400 $3,306
2015 $298,400 $298,400 $3,160
2013 $298,400 $298,400 $2,995
2012 $298,400 $298,400 $2,995
2011 $177,720 $177,720 $4,242
2010 $507,765 $507,765 $4,242
2007 $507,765 $507,765 $3,655

Property facts

Year built
1899
Property type
condos
Stories
2
Beds
2
Baths
3
Living area
1,478 sqft
Lot size
ZIP code
28401
City
Wilmington
Street
Water St
Coordinates
34.23445, -77.94970

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,995
Gross rental yield
4.43%
Implied cap rate
2.88%
Trend-extrapolated value

Frequently asked questions

When did 18 Water St last sell?
18 Water St most recently sold on Jul 20, 2021 for $540,000.
What is the current tax assessment for 18 Water St?
The most recent total assessment for 18 Water St (year 2025) is $812,000 with $3,160 in property tax.
How does 18 Water St's assessment compare to its last sale price?
The current assessment is 50.4% above the last sale price of $540,000.
When was 18 Water St built?
18 Water St was built in 1899.
How does 18 Water St compare to others on Water St?
We track 8 other properties on Water St. Browse the list under "Other properties on Water St" to compare beds, baths, and sale history.
What are the property facts for 18 Water St?
18 Water St is a 2 bed, 3 bath, 1,478 sqft condos.
Is 18 Water St a flip candidate?
No — 18 Water St does not appear in our flips dataset.
Is 18 Water St a tax-appeal candidate?
Yes — 18 Water St appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+0.3%
Implied 1-yr
+1.3%
2026 Q3
$414.1K
2026 Q4
$415.4K
ZIP 28401 — Median Price History + Forecast

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