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$515,000

Beds
3
Baths
2.0
sq ft
1,760

515 Larchmont Drive, Wilmington, NC 28403

515 Larchmont Drive

Wilmington, NC 28403

  • 4 days on market
Located in the desirable Devon Park subdivision, 515 Larchmont Drive offers a charming and updated classic ranch-style home in the heart of Wilmington's Midtown. This 3-bedroom, 2-bathroom residence spans 1,760 square feet and features an open-concept floor plan with refinished hardwood floors throughout. The living room boasts a cozy fireplace, while a versatile bonus room can serve as a dining area, office, or additional bedroom. A separate living area showcases exposed beams, built-ins, and a custom drop zone. The property includes mature landscaping, providing a serene outdoor setting you will enjoy from the lovely screened in porch. Conveniently situated near downtown Wilmington, Wrightsville Beach, local parks, and the University of North Carolina Wilmington (UNCW), this home offers both comfort and accessibility.

Details

Property type

Single Family Residence

Est. home value

$402,843

Lot size

0.34 acres

Price per sq ft

$293

Year built

1955

Annual property taxes

$2,083.66

HOA

No

Price History

03/26/2025
NorthCarolinaRegional

NorthCarolinaRegional #100496841

Listed
$515,000
+74.58%
03/05/2020
NorthCarolinaRegional

NorthCarolinaRegional #100198077

Sold
$295,000
+32.88%
01/18/2017
NorthCarolinaRegional

NorthCarolinaRegional #100039023

Sold
$222,000
+88.14%

Schools & Community

Elementary school: 

Forest Hills

Middle school: 

Williston

High school: 

New Hanover

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

$261,574
Asking price
$515,000
Closing costs (~8% of asking)
-$41,200
Est. remaining loan balance
-$212,226
Cash to seller
$261,574

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

Seller’s Loan History

Lender

Townebank Mortgage

Loan start date

March 2020

Original loan amount

$236,000

Est. remaining balance

$212,226

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Cherry Cohoon Gibbs

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: 03/30/2025 at 11:35 PM

Listing updated: 03/30/2025 at 9:51 AM

Listed by: Jane H Fleury, Ivester Jackson Coastal LLC Phone #: (910) 300-5140

MLS: NorthCarolinaRegional #100496841

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