When talking about Wilmington NC real estate one thinks location, location, location. An added thought is where it is located. In the City or in the County. The latest try by the City to annex an area near Monkey Junction seems to have come to a stall. According to the Star News “Property owners in the Monkey Junction area have likely stopped the city from annexing them. As of today, the New Hanover County’s board of elections had received petitions from 62 percent of residents opposing the annexation, exceeding the required 60 percent needed to stop it. A state law passed earlier this year gives residents in pending annexation areas the opportunity to deny the annexations if 60 percent of the property owners inside the areas sign a petition to do so.”
It won’t be official until after the petition deadline on Nov. 29. And after that, Marvin McFadyen, New Hanover Board of Elections director, will make a recommendation to the county’s board of elections to accept the petitions.”
The residents of the proposed annexation area might get a reprieve for awhile. There are some perks that go with being in the City, but it does come with a pricetag. A quick glance at annexation from the City’s website. Click here….
To search all Wilmington NC real estate we invite you to visit www.cbbaker.com. The current tax rates for the tri-county area and the City are listed here as well.
Filed under: affordable wilmington nc real estate, Wilmington NC MLS stats, wilmington nc real estate, Wilmington NC real estate market conditions, wilmington nc real homes, wilmington north carolina, wilmington north carolina homes, Wrightsville Beach, www.cbbaker.com | Tagged: affordable homes in wilmington, annexation, city of wilmington, coldwell banker sea coast, homes in wilmington nc, monkey junction annexation, wilmington nc real estate | Leave a Comment »

