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$1,100,000

Beds
6
Baths
5.0
sq ft
5,467

708 Market Street, Wilmington, NC 28401

708 Market Street

Wilmington, NC 28401

  • 65 days on market
An incredible opportunity awaits. Located in Wilmington's Historic District is a unique 5467 square foot historic mansion This Queen Anne-style historic mansion was built by E. William Gilchrist in 1894. It is rare to find a large lot facing two streets in historic downtown Wilmington. This property consists of 0.4 acre and fronts Market Street as well as 7th Street. It is within walking distance to downtown and very close to the new Coca-Cola Soda Pop district. There are many directions one can take this property. One is to follow through with the seller's plan to subdivide the mansion into 4 upscale residences (The Gilchrist Mansion and Carriage House) One could also renovate the 6 bedrooms, 5 bath mansion as a luxurious palatial estate for your own use. Due to the land size and access, there is room for other development plans too. The current owners have gone to great lengths in the restoration of this property. The site has been cleared, all approvals, architectural and engineering plans are in place and ready for this majestic conversion. All the architectural drawings and engineering plans and more are included with this opportunity. The exterior of the mansion has been extensively cared for, the metal roof is newer, the interior has been stripped down to its bones, and its bones are in excellent shape. The house features 12-foot ceilings, a grand staircase, a basement, 8 fireplaces and so much more! A property of this nature is a rare find. If you are looking for the chance for a spectacular residence, or investment opportunities, this property is all that and much more.

Details

Property type

Single Family Residence

Est. home value

$1,247,611

Lot size

0.42 acres

Price per sq ft

$202

Year built

1948

Annual property taxes

$4,490.07

Price History

10/21/2024
NorthCarolinaRegional

NorthCarolinaRegional #100472145

Listed
$1,100,000
06/08/2024
NorthCarolinaRegional

NorthCarolinaRegional #100433611

Removed
$1,100,000
03/19/2024
NorthCarolinaRegional

NorthCarolinaRegional #100433611

Listed
$1,100,000
+193.33%

Schools & Community

Elementary school: 

Snipes

Middle school: 

Williston

High school: 

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

Bank Of The Ozarks

Loan start date

April 2021

Original loan amount

$838,976

Est. remaining balance

Not provided

Interest rate

3.02%

Loan type

Building or Construction Loan

Seller

Cobeana Llc

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: 12/25/2024 at 12:30 AM

Listing updated: 10/24/2024 at 4:52 PM

Listed by: Jeffrey G Hovis, Intracoastal Realty Corp Phone #: (910) 256-4503

MLS: NorthCarolinaRegional #100472145

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