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$549,900

Beds
4
Baths
3.0
sq ft
2,187

5040 Gorham Avenue, Wilmington, NC 28409

5040 Gorham Avenue

Wilmington, NC 28409

  • Pending
Experience the epitome of effortless living in this exquisite low-maintenance home, perfectly poised for you to move in and revel in luxury. This stunning residence boasts four generously appointed bedrooms, including a first-floor Master Suite that invites relaxation with its indulgent whirlpool tub, separate shower, and expansive walk-in closet. Begin your day in style, savoring your morning coffee and the news in the radiant Sunroom, or bask in the sun's warmth on your private back deck, enveloped by a beautifully landscaped and fenced backyard oasis. The gourmet kitchen is a chef's dream, featuring elegant granite countertops, premium stainless steel appliances—including a natural gas range/oven—and chic upgraded cabinetry, all seamlessly flowing into the dining area and Great Room, creating an ideal space for entertaining. All existing high-end appliances will convey. Additional highlights include a natural gas water heater (2018) and a charming fireplace, enhancing the home's warmth and elegance. Conveniently situated mere minutes from pristine beaches, gourmet dining, upscale shopping, the esteemed UNCW, the historic charm of Downtown Wilmington, ILM airport, premier hospitals, as well as tennis and golf facilities, this residence is the quintessential retreat for those seeking the finest in coastal living. Embrace a lifestyle of unparalleled comfort and convenience! Hoggard School district!

Details

Property type

Single Family Residence

Est. home value

$494,765

Lot size

6,360 sq ft

Price per sq ft

$252

Year built

2006

Annual property taxes

$2,908.41

HOA fee

$1,500

Price History

03/27/2025
NorthCarolinaRegional

NorthCarolinaRegional #100496138

Pending
$549,900
03/22/2025
NorthCarolinaRegional

NorthCarolinaRegional #100496138

Listed
$549,900
+50.66%
04/05/2021
NorthCarolinaRegional

NorthCarolinaRegional #100258892

Sold
$365,000
+23.73%

Schools & Community

Elementary school: 

Holly Tree

Middle school: 

Roland Grise

High school: 

Hoggard

High school district: 

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

$206,652
Asking price
$549,900
Closing costs (~8% of asking)
-$43,992
Est. remaining loan balance
-$299,256
Cash to seller
$206,652

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

Seller’s Loan History

Lender

On Q Financial Inc

Loan start date

March 2021

Original loan amount

$328,500

Est. remaining balance

$299,256

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Alice Cruz

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: Pending/Under Contract

Tomo last checked: 03/28/2025 at 2:40 AM

Listing updated: 03/27/2025 at 11:31 AM

Listed by: The Domenico Grillo Real Estate Team, Keller Williams Innovate-Wilmington Phone #: (910) 777-2200

MLS: NorthCarolinaRegional #100496138

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