Hertford
Real Estate
Former Rochelle building still for sale; party that made offer no longer interested
An almost 100-year old waterfront property that Elizabeth City Downtown, Inc. received as a gift two years ago is back on the market. The almost 3,000-square-foot building sits on a tenth of an acre lot at 100 South Water Street and it formerly housed Rochelle Cleaners. ECDI announced in November that it had a buyer for the property but ECDI vice chairman Jeff Mitchell said Thursday the property is no...
Shannon-Derrickson House an endangered antebellum gem...
The Shannon-Derrickson House on Main Street is indisputably one of the most significant houses still standing in Elizabeth City, and among its oldest. Construction of the house began in 1849 for William Shannon, a prominent merchant who operated a general store in the nearby Cluff-Pool Building. Though it has seen enlargements and alterations over the generations, it retains much of its original character. Directly behind the house are several of...
Shannon-Derrickson House an endangered antebellum gem
The Shannon-Derrickson House on Main Street is indisputably one of the most significant houses still standing in Elizabeth City, and among its oldest. Construction of the house began in 1849 for William Shannon, a prominent merchant who operated a general store in the nearby Cluff-Pool Building. Though it has seen enlargements and alterations over the generations, it retains much of its original character. Directly behind the house are several of its outbuildings, all of which are antebellum architectural gems. ...
Column: Jerome Powell gets most credit for downtown boom
Readers under 60 won’t remember a young Bruce Biggs struggling to keep his new Cadillac dealership open in the face of a 21.5 percent prime interest rate 40 years ago. That was back in the early 1980s when then Federal Reserve Bank chairman, the late Paul Volcker, was tasked with killing double-digit inflation. He did it by pushing interest rates up to slow the economy, and, boy, did he ever. ...
This Is the Oldest House in North Carolina
Lane House is a historic house in Edenton, North Carolina that has been identified as the oldest house in the state by dendrochronology. The one-and-a-half-story house is located within the Edenton National Register Historic District. The earliest part was built in 1718–19 and possibly moved to the site from nearby.
ECDI has buyer for Rochelle building
Elizabeth City Downtown, Inc. has apparently sold a nearly 70-year-old waterfront building it received as a gift in early 2021. ECDI vice-chairman Jeff Mitchell said Thursday that the Rochelle Building at 100 Water Street has been under contract for about a month. Mitchell would not disclose the sale price, saying the proposed transaction is in the 60-day due diligence phase. ECDI listed the property in August for $199,900 and the...
Housing market index puts two Carolina metros in top 10
CHARLOTTE — With residential real estate activity cooling rapidly after the buying frenzy in recent years, fortunes are shifting for housing markets around the country. Demand remains high, though, in cities with strong economies and a relatively low cost of living, according to The Wall Street Journal/Realtor.com’s Emerging Housing Markets Index for the third quarter.
Resident: Lower tax rate if revaluation ups land values
CAMDEN — A Camden County citizen urged county officials last week to consider lowering the county’s property tax rate next year if the 2023 revaluation results in an overall increase in property values. William Schuyler told the Camden Board of Commissioners during a public hearing on the county’s 2023 revaluation that he believes some properties have been under-valued for a number of years. By law every county in North Carolina...
ECDI to sell Rochelle Building, lists site for $199.9K
Elizabeth City Downtown, Inc. is putting up for sale a nearly 70-year-old waterfront building it received as a gift early last year. ECDI has listed the Rochelle Building at 100 Water Street for $199,900. The building currently is occupied by Rochelle Cleaners. The building was donated to ECDI by Marion Church in January 2021. The city’s Main Street organization said at the time it it would eventually sell the property. ...
Pasquotank OKs sale of Dare tract to Kitty Hawk for $4.1M
Pasquotank commissioners voted 4-2 Monday night to sell a Pasquotank-owned tract in Dare County to the town of Kitty Hawk for $4.1 million. Commissioners Sean Lavin and Jonathan Meads both opposed the sale while commissioners Cecil Perry, Barry Overman, Charles Jordan and Lloyd Griffin voted yes. Commissioner Bill Sterritt did not attend the meeting. The town of Kitty Hawk presented Pasquotank with a $4 million cash offer on July 22...
Kitty Hawk ups offer for Pasquotank owned property in Dare
The town of Kitty Hawk has upped its offer to buy a piece of property in Dare County owned by Pasquotank County by $1.3 million. The town presented Pasquotank with a $4 million cash offer Friday for the 6-acre parcel and 32,000-square-foot building at 5200 Croatan Highway in Kitty Hawk. County Manager Sparty Hammett said Monday that the county has received the offer and that commissioners will discuss the matter...
Pasquotank puts deal to sell Dare property on hold
A Charlotte developer has cut its offer to buy a Pasquotank-owned piece of property in Dare by $1 million. That prompted county commissioners on Monday to put the deal on hold while seeking a new appraisal of the 6-acre tract in Kitty Hawk. Commissioners last month accepted an offer to sell the property to DPJ Residential Acquisitions for $4.5 million. ...
Jackson Dairy to cater to "old Edenton"
Dawson Tyler and Burton Swain have a vision for east Edenton – one that involves the construction of nearly 60 new residential units that invoke the aesthetic of northeast North Carolina at the turn of the 20th century. In the midst of a housing shortage across Chowan County, Down East Preservation’s new offshoot – Down East Properties – looks to expand Tyler and Swain’s ventures to the old Jackson Dairy on the eastern edge of Edenton, at the corner of N.C. 32 and Coke Avenue. ...
Property owned by Rivers scheduled for courthouse sale
A piece of property owned by Mayor Kirk Rivers and his wife that was put up as collateral in a 2006 failed business deal with a partner in New Hanover County is scheduled to be sold at the Pasquotank County Courthouse Wednesday. But Rivers said Tuesday afternoon that he hopes a settlement is reached before the 10 a.m. scheduled sale that avoids the public sale of the property. Rivers did...
J.D. Lewis to buy waterfront EC Milling building
The developer of the Weatherly Lofts and Betsy Town Flats apartment projects in Elizabeth City plans to buy the former Elizabeth City Milling Co. building and renovate it as well. James Flanigan, vice president of J.D. Lewis Construction Management, told the Elizabeth City Morning Rotary Club Friday the company plans...
Downtown duo: Rabon, Goldston buy Waterworks building
Dana Rabon and Carlee Goldston have expanded their downtown commercial footprint with the purchase of the Waterworks building on Water Street. The mother-daughter duo, whose company name is DRCG Properties, bought the first two floors of the waterfront property for $725,000 after it was listed for $995,000. The third floor of the building, which contains two condominiums, was not part of the sale. DRCG bought the property from Waterworks LLC...
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