Taxes
- Assessed Value: $2,645,000
- Assessed Year: 2026
- Assessed County: New Hanover
- APN: R05505-004-003-005
- Assessed Land Value: 561600
- Market Land Value: 561600
- Tax Amount: 15565.83
- Tax Year: 2025
- Market Value: 2645000
- Market Year: 2026
505 Covil Ave; Wilmington, NC Property Details
Off market
505 Covil Ave Wilmington, NC 28403
$2,645,000 Estimated Value
21,373 SqFt
Property Type
Retail StoresProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 2 / Corporate
- Owner Status: Corporate
- Year Built: 2026
- APN: R05505-004-003-005
- Situs County: New Hanover
- Length Of Ownership: 24 years, 5 months
Structure
- Stories: 1
- Exterior Wall Type: Brick veneer
- Building Condition: Good
- Building Quality: C
- Porch Type: Yes
Measurements
- Total: 21,373/SqFt
- Lot: 72,310/SqFt
- Gross: 21,373/SqFt
- Building: 21,373/SqFt
Legal Description
- Description: LOT 3 BURNT MILL BUSINESS PARK
Building Insights
Land Information
- Property Type: Retail Stores
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: New Hanover County Schools
- Lat / Lon: 34.229992 / -77.90418
- Subdivision: Burnt Mill Business Park
- Property Class: Commercial
- Zoning: LI
- County Use Code: RSO
Amenities
- Plus Four: 2631
- Cooling: Central
- Heating: Forced air unit
Ownership Info
505 Covil Ave has no associated ownership info
505 Covil Ave has no associated ownership info.
Taxes
505 Covil Ave has 10 associated Taxes items
505 Covil Ave, Wilmington, NC pays taxes in New Hanover County, NC. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $2,645,000. The APN we've located for 505 Covil Ave is R05505-004-003-005.
Unlock the full reportTax History
505 Covil Ave has 13 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2026 | Assessed Value $2,645,000 | Land Value $561,600 | Improvement Value $2,083,400 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2025 | Assessed Value | Land Value | Improvement Value | Tax Amount $15,565.83 | Change Rate +0.25389% | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value $1,426,900 | Land Value $319,700 | Improvement Value $1,107,200 | Tax Amount $12,414.03 | Change Rate +0.029585% | Assessed CR | Tax Rate +0.0087% |
| Year 2023 | Assessed Value $1,426,900 | Land Value $319,700 | Improvement Value $1,107,200 | Tax Amount $12,057.31 | Change Rate -0.005882% | Assessed CR | Tax Rate +0.00845% |
| Year 2022 | Assessed Value $1,426,900 | Land Value $319,700 | Improvement Value $1,107,200 | Tax Amount $12,128.65 | Change Rate -0.006778% | Assessed CR | Tax Rate +0.0085% |
| Year 2021 | Assessed Value $1,426,900 | Land Value $319,700 | Improvement Value $1,107,200 | Tax Amount $12,211.42 | Change Rate +0.14504% | Assessed CR | Tax Rate +0.008558% |
| Year 2020 | Assessed Value $1,012,400 | Land Value $141,000 | Improvement Value $871,400 | Tax Amount $10,664.62 | Change Rate | Assessed CR | Tax Rate +0.010534% |
| Year 2019 | Assessed Value $1,012,400 | Land Value $141,000 | Improvement Value $871,400 | Tax Amount $10,664.62 | Change Rate | Assessed CR | Tax Rate +0.010534% |
| Year 2018 | Assessed Value $1,012,400 | Land Value $141,000 | Improvement Value $871,400 | Tax Amount $10,664.62 | Change Rate | Assessed CR | Tax Rate +0.010534% |
| Year 2017 | Assessed Value $1,012,400 | Land Value $141,000 | Improvement Value $871,400 | Tax Amount $10,664.62 | Change Rate -0.007414% | Assessed CR | Tax Rate +0.010534% |
| Year 2016 | Assessed Value $969,700 | Land Value $141,000 | Improvement Value $828,700 | Tax Amount $10,744.28 | Change Rate +0.04627% | Assessed CR | Tax Rate +0.01108% |
| Year 2015 | Assessed Value $969,700 | Land Value $141,000 | Improvement Value $828,700 | Tax Amount $10,269.13 | Change Rate +0.044379% | Assessed CR | Tax Rate +0.01059% |
| Year 2014 | Assessed Value $969,700 | Land Value $141,000 | Improvement Value $828,700 | Tax Amount $9,832.76 | Change Rate | Assessed CR | Tax Rate +0.01014% |