Condo / High-rise home in 522 S Kerr Ave #42 Wilmington, NC
This 857-square-foot Condo condo in Wilmington, NC includes 2 bedrooms and 2 bathrooms. Its Condo character defines the property's look.
| Price | $152,500 |
|---|
| Beds | 2 |
|---|
| Baths | 2 |
|---|
| Sqft | 857 |
|---|
| Architectural style | Condo / High-rise (77% match) |
|---|
| Address | 522 S Kerr Ave #42 Wilmington, NC 28403 |
|---|
Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced below comparable homes.
- At $153K, this home is 45% below the $279K median for 53 similar Condo / High-rise homes in Wilmington, NC.
- That works out to $178 per square foot, 17% below the $215 comparable rate.
- On the market 11 days.
| This home | $152,500 |
|---|
| Condo / High-rise median in Wilmington, NC | $279,000 (53 homes) |
|---|
| Price per sq ft | $178 vs. $215 comps median |
|---|
It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $996/month with 20% down at a 7.28% 30-year fixed rate. You would need about $42,691 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $835/mo |
|---|
| Property tax (new-buyer reassessed rate) | $104/mo |
|---|
| Homeowners insurance | $57/mo |
|---|
| Total monthly | $996/mo |
|---|
| Down payment (20%) | $30,500 |
|---|
| Income needed | $42,691/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B- (66 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B- (66/100) |
|---|
| Beats renting in | 19% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $76,444 |
|---|
| Range (10th to 90th pct) | $46,396 to $112,645 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Wilmington, NC where local data is thin.
Local home values
Typical home values in Wilmington, NC have risen about 30% over the past 5 years (+0% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto