Heidi Ludwig
Redfin Corporation
310-409-2885
Located in the heart of Wilmington, on a corner R2 lot....there are a few possibilities here for a potential developer/buyer. There are essentially 2 sections of the lot, one is contained by a chain link fence by the City to protect the historic monument, one is a large grassy and flat lot which appears to be about 4,000 sq ft (buyer to verify) of area to develop. The structure itself is a Civil War-era Powder Magazine, built in 1862, used to store gunpowder for the nearby Camp Drum. See link here: https://en.m.wikipedia.org/wiki/Powder_Magazine_(Camp_Drum). Current Sellers inherited the property that was purchased in the 1970's as a Duplex. When the Seller went to tear the duplex down to rebuild in the 80's I believe, the powder magazine was discovered and revealed. The City claimed it as a historic monument and the owner decided not to build. According to my title rep, It was declared a Historical Monument in 1982, but they didn’t record the Resolution until 1994. The document indicates it is Historic-Cultural Monument No. 249. The property is also being sold with Mineral Rights. Please feel free to do a field trip to drive by and check it out and do not hesitate to reach out to me with any questions, I'll do my best to answer them!
Sell a home like this and save $16,841 Find Out How
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.136
Lot Size Source: Assessor
Lot Size Square Feet: 5926
Original List Price: 289,000
Listing Contract Date: 2023-09-28
Listing Agreement: Exclusive Right To Sell
Parcel Number: 7423025029
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 196 - East Wilmington
Directions: On the corner of Opp St and Eubank Ave
Zoning: LAR2
Source Property Type: Land
Area: 196 - East Wilmington
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
705 Mcdonald Avenue, Wilmington, CA,90744 | $810,000 | 6 | -- | 2,055 | 4801 Sqft |
1305 E O Street, Wilmington, CA,90744 | $680,000 | 4 | 2 | 1,523 | 5015 Sqft |
725 Broad Avenue, Wilmington, CA,90744 | $1,300,000 | -- | -- | -- | 13579 Sqft |
1137 W Grant Street, Wilmington, CA,90744 | $699,800 | 3 | 2 | 1,466 | 7672 Sqft |
561 E Opp Street, Wilmington, CA,90744 | $289,000 | -- | -- | 400 | 5926 Sqft |
906 N Fries Avenue, Wilmington, CA,90744 | $1,595,000 | -- | -- | 6,312 | 14491 Sqft |
1427 W I Street, Wilmington, CA,90744 | $685,000 | 3 | 2 | 1,112 | 4477 Sqft |
718 N Avalon, Wilmington, CA,90744 | $3,950,000 | -- | -- | -- | 43449 Sqft |
1122 Island Ave, Wilmington, CA,90744 | $905,000 | 4 | 2 | 1,750 | 7500 Sqft |
1509 E L Street, Wilmington, CA,90744 | $625,000 | 4 | 2 | 1,350 | 5207 Sqft |
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
ByOwner last updated this listing 05/25/2024 @ 09:48
MLS: SB23178856
LISTED BY: Heidi Ludwig, Redfin Corporation
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.