Distressed Sales — Wilmington, NC
Below-assessment property sales in Wilmington, NC.
Live data
Distressed sales
98,500
+43.6%
Average discount
+43.6%
Largest single discount
$49,801,887
Most active state
California
Distressed sales
157 results · page 4 of 4| Address | City, State | Sale date | Sale price | Prior assessment | Assess. yr | Discount % |
|---|---|---|---|---|---|---|
| 1141 Turnberry Ln | Wilmington, NC | Mar 11, 2020 | $430,000 | $598,300 | 2019 | -28.1% |
| 2013 Seawind Ln | Wilmington, NC | Mar 2, 2020 | $525,000 | $664,800 | 2019 | -21.0% |
| 428 Blackbeard Rd | Wilmington, NC | Feb 10, 2020 | $190,000 | $789,000 | 2019 | -75.9% |
| 428 Blackbeard Rd | Wilmington, NC | Feb 5, 2020 | $190,000 | $789,000 | 2019 | -75.9% |
| 5831 Carolina Beach Rd | Wilmington, NC | Feb 5, 2020 | $402,500 | $830,500 | 2019 | -51.5% |
| 4846 Stillwell Rd | Wilmington, NC | Jan 16, 2020 | $118,000 | $155,900 | 2019 | -24.3% |
| 112 Hallbrook Farms Cir | Wilmington, NC | Jan 15, 2020 | $107,500 | $152,000 | 2019 | -29.3% |
Methodology
A "distressed sale" is defined as a property whose final sale price was at least 20% below its prior-year tax assessment. These often correlate with foreclosures, estate sales, and motivated-seller situations. Investors frequently scan distressed-sale lists for acquisition opportunities.
Source: county deed records and tax-assessment rolls.