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About This Home

This 3-bedroom, 3-bathroom townhouse at 993 Downey Branch Lane in Wilmington, NC is listed for $269,900 ($212 per sqft). Built in 2005, the home offers 1,274 sqft of living space on a 0.02 acres lot.

Agent Description

993 Downey Branch Lane is a 3 bedroom, 3 full bath two-story townhouse sitting right in the middle of Wilmington's midtown. You're a few minutes from UNCW, a short drive to Wrightsville Beach, and have easy access to everything historic downtown has to offer.

Every bedroom has its own en suite bathroom, which is genuinely hard to find at this price point and makes the property work well for a wide range of buyers -- students, roommates, a small family, or someone who just wants their own space. The unit is currently rented at $1,800 a month with the tenant in place through the end of July, so there's immediate income for anyone buying as an investment.

The HOA handles all exterior maintenance including the roof, the HVAC is about 6 years old, and the LVP flooring was updated a few years back. It needs some paint and light cosmetic work, but the major stuff is already taken care of. At 1,274 square feet, it lives comfortably and the two-story layout gives it a real home feel rather than a flat apartment setup.

This is a property that works a lot of different ways -- hold it as a rental, move in after July, use it as a second home base in Wilmington, or set it up for an incoming UNCW student.

Key Features

  • Built in 2005
  • 0.02 acre lot
  • 2 stories

Property Details

2 stories
3 full
2005

Amenities

A/C

Monthly Cost Estimate

$4,443/mo

20% down · 6.5% · 30 years

Principal$195
Interest$1,170
Insurance$79
HOA$3,000

Estimates only. Actual payments may vary.

Location

993 Downey Branch Lane

Wilmington, NC 28403

Wilshire Townhouses

Property Details

Flooring

TileWoodCarpet

Construction

Brick Veneer Wood Frame

Pool Features

Patio

Parking

Off Street

Heating

Forced AirElectric (Heating)Heat Pump (Heating)

Cooling

Heat PumpCentral Air

Questions & Answers

This 3-bedroom, 3-bathroom townhouse at 993 Downey Branch Lane is listed at $269,900 ($212/sqft). The estimated monthly payment is $4,170 based on 20% down at 6.5% interest.

HOA fees are $3000/month.

Key features include: Built in 2005, 0.02 acre lot, 2 stories.

This property is listed by Christian A Cardamone and can be reached at 9102623399 or Christian@alohawilmington.com.

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CC

Christian A Cardamone

Agent at Aloha Wilmington Real Estate

(910) 262-3399

Listed by Aloha Wilmington Real Estate

MLS# 100564267· Source: listhub· Updated 9 days ago

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993 Downey Branch Lane, Wilmington, NC 28403

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