1120 S 3rd Street, Wilmington, NC 28401

• 2 beds |
• 1 bath |
• 1,229 sqft

Property Description

Now Priced $74K BELOW TAX VALUE!! This charming circa-1912 cottage is tucked beneath the protective canopy of a 100 year old live oak tree, yet elevated enough to offer a true treehouse feel! This house was taken down to the studs and completely restored in 2006 by Wilmington's own, Steve Bakunas and his partner, the late, acclaimed actor, Linda Lavin. Zoned UMX, Urban Mixed Use), the property offers flexible live/work options (see documents). Recent improvements include newer HVAC (2023) and hot water heater (2024) The kitchen features a gas stove and the fully fenced back yard, provides privacy and usability, Crawlspace has been encapsulated and a de-humidifier installed (2025). Many items on prior inspection report have been addressed. The property also boasts a strong rental history. House in same block has rented for $3K/month, so it will cash flow. Ideally located near the vibrant South Front District and Greenfield Lake attractions, this downtown gem includes off-street parking with alley access--an increasingly rare feature. The home is being sold partially furnished. Broker is owner. Seller will consider owner financing with acceptable terms. Property is being sold in it's current condition.

Listing Status:

Active

Date Added:

March 11, 2026

Data Last Updated:

March 26, 2026 at 4:16PM

Listing Office:

Sold Buy the Sea Realty : 910-367-2965

MLS ID:

100509231

Interior

• General: High CeilingsBookcasesCeiling Fan(s)FurnishedBlinds/Shades
• Master Bedroom: Primary Living Area
• Appliances: Gas OvenGas CooktopBuilt-In MicrowaveWasherRefrigeratorDryer
• Laundry: Laundry Closet
• Basement: None
• Flooring: LaminateVinyl
• A/C: Central AirHeat Pump
• Heating: Heat PumpElectricForced AirNatural GasElectricNatural Gas
• Eco/Green Feature: LightingLED Lighting

Exterior

• Style: Historic District
• Other Structures: PorchDeckOpen
• Parking: ConcreteOff StreetParking spaces: 0

Construction

• Roofing: Shingle
• General: Fiber CementWood FrameOneBrick/MortarBlockCrawl Space

Location

• Road/Access: AlleyCity StreetState RoadSee Remarks
• HOA Amenities: ParkPlaygroundSidewalks
• Originating MLS: Hive MLS
• School District: New Hanover
• County: New Hanover

Lot

• Zoning: UMXSE 4 Blk 4 WilmR05413-018-015-000
• View: See Remarks
• Fencing: PrivacyBack YardWood

Utilities

• Utilities: Sewer AvailableWater Available
• Water: Public
• Sewer: Municipal SewerCape Fear Public Utility Authority

Financial

• Source: Hive MLS