tomo logo

$950,000

Beds
4
Baths
2.5
sq ft
5,484

416 Central Boulevard, Wilmington, NC 28401

416 Central Boulevard

Wilmington, NC 28401

  • 2 days on market
A home like no other, 416 Central Blvd. welcomes you into the historic neighborhood of Sunset Park. Registered with Wilmington's Historic Foundation, the Chadwick-Teague House was built in 1913 and offers all the warmth and convenience of modern living, while embracing its historic charm. The inviting wraparound porch is accessible from the front walkway or the portico, and allows plenty of room for rocking chairs and a porch swing. Upon entering the front door, a well-preserved spiral staircase sets the scene. The first-floor floorplan offers an open flow among living areas, pocket doors for versatility, a bedroom with ensuite bathroom, and ornate details that remind you of the home's rich history. The kitchen has been updated over the years, but the cast iron sink is a nod to its historical past. A scullery with a copper sink and beverage cooler is perfect for a coffee set up or cocktail bar. Up the grand staircase is the primary suite, plus two more bedrooms and a study. What was once a second-floor kitchen is now a laundry room. The third floor can be used for a bonus room or man cave. The home has ample closet space throughout, as well as a basement for extra storage. Included on the 0.66 acre property is a detached 2-car garage and a 953 sq. foot guest house. Formerly a barber shop, the guest house has been turned into an income-generating 3-bedroom / 1-bathroom rental property. This home is in close proximity to Wilmington's vibrant downtown, Greenfield Lake Amphitheatre, and Greenfield Lake Park.

Details

Property type

Single Family Residence

Est. home value

$881,850

Lot size

0.66 acres

Price per sq ft

$174

Year built

1913

Annual property taxes

$5,818.56

Price History

02/19/2025
NorthCarolinaRegional

NorthCarolinaRegional #100489794

Listed
$950,000
+11.76%
08/11/2022
NorthCarolinaRegional

NorthCarolinaRegional #100325693

Sold
$850,000
+165.63%
05/18/2020
NorthCarolinaRegional

NorthCarolinaRegional #100182318

Sold
$320,000
-5.88%

Schools & Community

Elementary school: 

Sunset

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

$248,315
Asking price
$950,000
Closing costs (~8% of asking)
-$76,000
Est. remaining loan balance
-$625,685
Cash to seller
$248,315

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

Seller’s Loan History

Lender

Atlantic Bay Mortgage Group Llc

Loan start date

August 2022

Original loan amount

$647,200

Est. remaining balance

$625,685

Interest rate

5.81%

Loan type

New Conventional, 30 year

Seller

Adam Richards and Anna Carolyn Richards

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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Status: Active

Tomo last checked: 02/22/2025 at 3:00 PM

Listing updated: 02/19/2025 at 8:07 PM

Listed by: Meredith Petty, Intracoastal Realty Corp Phone #: (910) 256-4503

MLS: NorthCarolinaRegional #100489794

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