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$715,000

Beds
2
Baths
2.0
sq ft
2,172

315 Walnut Street, Wilmington, NC 28401

315 Walnut Street

Wilmington, NC 28401

  • 15 days on market
This rare duplex, located in the heart of the Downtown, offers the perfect blend of historic charm and modern convenience. Just steps from downtown, this property is walkable to everything—restaurants, shopping, and entertainment. The historic home, though not in the historic district, retains its original character with tall ceilings, hardwood floors, and beautiful stained glass windows, while offering the flexibility of two separate units. The inviting front porch with a swing is the ideal spot to relax and enjoy the vibrant surroundings.The downstairs unit is an oversized 1-bedroom, 1-bath apartment that comes fully furnished, making it move-in ready. It features a full kitchen, large windows that flood the space with natural light, and all the historic details that make it unique. Upstairs, the second 1-bedroom, 1-bath unit is equally spacious and includes a full kitchen as well. This unit is partially furnished, allowing you to personalize the space to suit your needs. Both units maintain their historic charm while providing modern amenities for comfort and convenience. The property also includes a small fenced-in backyard, perfect for outdoor relaxation, and shared laundry facilities off the back porch. Whether you're looking for a stylish downtown residence or an investment opportunity, this duplex is a rare find that combines history, charm, and location.

Details

Property type

Single Family Residence

Est. home value

$398,902

Lot size

2,526 sq ft

Price per sq ft

$330

Year built

1914

Annual property taxes

$920.7

Price History

02/07/2025
NorthCarolinaRegional

NorthCarolinaRegional #100487741

Listed
$715,000
+75.6%
12/30/2021
NorthCarolinaRegional

NorthCarolinaRegional #100303053

Sold
$407,175

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

$284,724
Asking price
$715,000
Closing costs (~8% of asking)
-$57,200
Est. remaining loan balance
-$373,076
Cash to seller
$284,724

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

December 2021

Original loan amount

$399,799

Est. remaining balance

$373,076

Interest rate

3.14%

Loan type

FHA, 30 year

Seller

Stephen Spencer Rhem and Walker Scott Holt

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?

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House

212 North 16th Street, Wilmington, NC 28401

Status: Active

Tomo last checked: 02/22/2025 at 3:05 PM

Listing updated: 02/11/2025 at 2:27 PM

Listed by: Spencer Rhem, Keller Williams Innovate-Wilmington Phone #: (910) 777-2200

MLS: NorthCarolinaRegional #100487741

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Recently listed in Wilmington