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$415,514

Beds
3
Baths
2.5
sq ft
1,658

705 Mcrae Street, Wilmington, NC 28401

705 Mcrae Street

Wilmington, NC 28401

  • 17 days on market
    • Open house Apr 06
Welcome to 705 McRae St, a stylish 2023-built home in the heart of downtown Wilmington! This versatile property is perfect as a primary residence or continued use as an income-producing investment, offering a prime location near the Live Oak Pavilion, Brooklyn Arts District, and all the dining, shopping, and entertainment downtown has to offer. Step inside to find 9-foot ceilings and an inviting open-concept layout featuring granite countertops and luxury vinyl plank flooring throughout. A standout feature of this home is the two-story covered porches—with the top-floor porch serving as a private retreat off the primary suite, perfect for relaxing with a morning coffee or evening breeze. Situated on a growing, up-and-coming block, this home offers the opportunity to be part of a thriving and evolving downtown community. Plus, off-street parking—a rare downtown perk—adds even more convenience. Whether you're looking for a turn-key investment or a stylish home in the heart of Wilmington, this property delivers. Don't miss out—schedule your showing today!

Details

Property type

Single Family Residence

Lot size

2,309 sq ft

Price per sq ft

$251

Year built

2023

Annual property taxes

$2,063.64

HOA

No

Price History

03/14/2025
NorthCarolinaRegional

NorthCarolinaRegional #100494235

Listed
$415,514
03/14/2025
NorthCarolinaRegional

NorthCarolinaRegional #100494235

Removed
$415,514
03/13/2025
NorthCarolinaRegional

NorthCarolinaRegional #100494235

Listed
$415,514
+5.19%

Schools & Community

Elementary school: 

Snipes

Middle school: 

Williston

High school: 

New Hanover

High school district: 

New Hanover

Seller’s Loan History

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

Lender

Navigator Private Capital Llc

Loan start date

March 2023

Original loan amount

$225,000

Est. remaining balance

Not provided

Interest rate

6.09%

Loan type

Building or Construction Loan, 1 year

Seller

Rete Construction Inc

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 11:55 PM

Listing updated: 03/26/2025 at 9:41 AM

Listed by: Tara A Coffer, Sound and Sea Realty LLC Phone #: (910) 297-2540

MLS: NorthCarolinaRegional #100494235

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