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$1,250,000

Beds
4
Baths
2.5
sq ft
2,962

311 South 3rd Street, Wilmington, NC 28401

311 South 3rd Street

Wilmington, NC 28401

  • <1 day on market
Discover the endless potential of this incredible property featuring an oversized backyard, perfect for a mother-in-law suite, additional dwelling unit (ADU), or secondary residence - ideal for short-term rentals or multi-generational living. With civil designs and approvals in hand, bringing your vision to life has never been easier. Whether you're looking to generate passive income, expand your living space, or host loved ones, this property offers limitless possibilities. Experience the charm of Italy in downtown Wilmington with the beautifully preserved Historic Peck House, a 4-bedroom, 3.5-bathroom gem featuring classic Italianate architecture. Thoughtfully updated to maintain its original character, this home boasts hardwood floors, high ceilings, and intricate moldings, blending timeless elegance with modern convenience. The gourmet kitchen is a chef's dream, featuring a BlueStar Range, Miele warming drawer, marble countertops, farmhouse sink, custom cabinetry, and a stunning accent island, perfect for entertaining. The flexible layout of the main floor allows you to choose any room to serve as your living room, dining room, office, or whatever suits your lifestyle. Each room in this historic home boasts its own charming fireplace, offering character no matter how you decide to use the space! All bathrooms have been meticulously renovated with custom vanities, mirrors, and fixtures, while the restored clawfoot tub and floor-to-ceiling tiled showers add a touch of luxury. Spacious closets with solid wood shelving provide ample storage and customization options. Step outside to your private fenced-in backyard, featuring a restored brick patio and large fire pit, the perfect gathering spot for crisp fall evenings. With ample off-street parking and just a few blocks from downtown Wilmington's best attractions, this home offers the perfect blend of historic charm and modern comfort. Don't miss this rare opportunity—make it yours today!

Details

Property type

Single Family Residence

Est. home value

$863,919

Lot size

0.33 acres

Price per sq ft

$423

Year built

1868

Annual property taxes

$3,747.96

Price History

01/23/2025
NorthCarolinaRegional

NorthCarolinaRegional #100484956

Listed
$1,250,000
+5.93%
01/10/2025
NorthCarolinaRegional

NorthCarolinaRegional #100463292

Removed
$1,180,000
12/05/2024
NorthCarolinaRegional

NorthCarolinaRegional #100463292

Price change
$1,180,000
-0.84%

Schools & Community

Elementary school: 

Snipes

Middle school: 

Williston

High school: 

New Hanover

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$973,088
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$176,912
Cash to seller
$973,088

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

January 2013

Original loan amount

$247,000

Est. remaining balance

$176,912

Interest rate

3.34%

Loan type

New Conventional, 30 year

Seller

Todd M Tremaglio and Melanie R Tremaglio

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/23/2025 at 2:40 PM

Listing updated: 01/23/2025 at 10:37 AM

Listed by: Landyn Lewis, Intracoastal Realty Corp Phone #: (910) 256-4503

MLS: NorthCarolinaRegional #100484956

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