5 months on rocket

223 S 5th Ave, Wilmington, NC, 28401

$697,000

Home List Price

$8,277*

Closing Credit

6 Bedrooms
4 Baths
3,517 SqFt
$198/SqFt
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

223 S 5th Ave, Wilmington$697,000

Buyer Closing Credits

$8,277*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeDuplex
ParkingNone, Off Street
Year Built1903
HeatingForced Air
CoolingCentral Air
BasementYes
Fireplace3+
MLS #100413807
Lot Size0.07 Acres
StatusActive

About 223 S 5th Ave

SAVE THIS GEM! Historic duplex located in Downtown Wilmington. Built 120 years ago, this home is in need of some love! Property is being sold as-is where-is along with loads of potential. Perfect for a two-unit rental or may be converted into a spacious, single family home! Home also includes an unfinished basement with outdoor access. Seller has recent estimate in hand to finish both units for roughly $300k, includes labor and material. Home appraised (in 2022) for 1.2M once fully-renovated as an income property. All potential buyers and agents must use caution when showing the home.

Property Details

Property Features

Property Information:

  • Year Built: 1903
  • Stories: 2
  • Living Area: 3,517 SqFt

Listing Office:

  • Office Name: Coldwell Banker Sea Coast Advantage-CB

Interior Features

Interior Information:

  • Appliances: None
  • Basement: Yes
  • Interior: 9Ft+ Ceilings
  • Fireplace: 3+

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: None, Off Street

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • New Hanover High School, Public District Grades 9-12
  • Isaac M Bear High School, Public District Grades 9-12
  • Wilmington Early College High School, Public District Grades 9-12
  • Williston Middle School, Public District Grades 6-8
  • A H Snipes Academy of Arts/Des, Public District Grades PK-5
  • Dr John Codington Elementary School, Public District Grades KG-5
  • Dr Hubert Eaton Sr Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Located on the corner of Ann St and S 5th Ave. Head West on Market St, turn left onto S 5th Ave, property is 3 blocks down on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $697,000
  • Price Per SqFt: $198/SqFt

Tax Information:

  • Annual Amount: $3,648
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Wilmington, NC.

Map thumbnail provided by MapBox

Wilmington, NC

City

Med. Sold Price

$409.1K

Med. Price/SqFt

$236

Avg. Days On Market

39

# of Sold Homes

264

223 S 5th Ave vs Wilmington

171 DAYS ON ROCKET

+132 Days

$697,000

+$287.8K More

$198/SqFt

-$38 Less

KEY TAKEAWAY

This property is $287.8K more than the Median Sold Price and $38/SqFt less than other homes in Wilmington, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #100413807

Listing Office:

  • Office Name: Coldwell Banker Sea Coast Advantage-CB

IDX Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 03, 2021Home Sold
$1,600,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,648$346,300
2019$3,647$346,300
2018$3,648$346,300
2017$2,763$346,300

History based on county public records data.

Payment Calculator

$3,546

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,156

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2218600
3
/10

  • A H Snipes Academy of Arts/Des

  • 2150 Chestnut St

  • 1.35 miles

  • Public District Grades PK-5

school-card-donut-2218601
4
/10

  • Dr John Codington Elementary School

  • 4321 Carolina Beach Rd

  • 4.76 miles

  • Public District Grades KG-5

school-card-donut-2218602
7
/10

  • Dr Hubert Eaton Sr Elementary School

  • 6701 Gordon Rd

  • 6.63 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2218603
1
/10

  • Williston Middle School

  • 401 S 10th St

  • 0.49 miles

  • Public District Grades 6-8

High School

school-card-donut-2218604
3
/10

  • New Hanover High School

  • 1307 Market St

  • 0.69 miles

  • Public District Grades 9-12

school-card-donut-2218605
8
/10

  • Isaac M Bear High School

  • 630 Macmillan Ave N

  • 3.77 miles

  • Public District Grades 9-12

school-card-donut-2218606
9
/10

  • Wilmington Early College High School

  • 4500 Blue Clay Rd

  • 7.30 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,258. The majority of Wilmington, NC residents have income between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›North Carolina›New Hanover County›Wilmington›28401›223 S 5th Ave

This home is located at 223 S 5th Ave in Wilmington, NC and zip code 28401 in the Old Wilmington neighborhood. This 3,517 square foot home, which was built in 1903, sits on a 0.07 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 08, 2023 and is currently priced at $697,000.

Over 54 listings were sold over their listed price in March 2024 in Wilmington, NC. In the same period over 157 listings were sold below the listed price and 53 listings were sold for the listed price. The inventory of homes for sale in Wilmington, NC between February 2024 and March 2024 increased by 6.8%. The median list price of listings available in March 2024 was $409,102, while the average time on the real estate market was 39 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources