StatusAccepting Backup Offers (Pending with Showings)
About 508 Mcrae St
Northside Downtown Wilmington development site; currently consisting of 4 parcels, 508, 510, 512, and 516 McRae Street. This is one of the largest contiguous assemblages of property in the area and the only commercially zoned cluster within blocks. See attached zoning map. Property is surrounded by abundant residential rooftops and across the street from Hemenway Center Park. Develop individual lots or recombine parcels to suit your use needs. Community Business zoning allows for wide range of potential use including full commercial or mixed use. Inquire for more details. Purchase this property and be a key participant in the continuous revitalization of the one and only Downtown Wilmington.
Property Details
Property Features
Listing Office:
Office Name: RE/MAX Essential
Lot Features
Lot Information:
Lot Size: 0.54 Acres
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
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: Market St towards downtown to Right on 17th to cure Left to Rankin St to Right on McRae
Price Information
Listing Price Info
Price Summary:
List Price: $525,000
Tax Information:
Annual Amount: $550
Tax Year: 2020
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.
This property is $115.8K more than the Median Sold Price in Wilmington, NC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #100416469
Listing Office:
Office Name: RE/MAX Essential
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, 4:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$550
$52,200
2019
$549
$52,200
2018
$550
$52,200
2017
-
$52,200
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,688
Per Month
Principal & Interest
$2,621
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,640
Powered By
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
3
/10
A H Snipes Academy of Arts/Des
2150 Chestnut St
Distance between this listing and this school1.09 miles
Public District Grades PK-5
4
/10
Dr John Codington Elementary School
4321 Carolina Beach Rd
Distance between this listing and this school5.37 miles
Public District Grades KG-5
7
/10
Dr Hubert Eaton Sr Elementary School
6701 Gordon Rd
Distance between this listing and this school6.24 miles
Public District Grades PK-5
High School
3
/10
New Hanover High School
1307 Market St
Distance between this listing and this school0.52 miles
Public District Grades 9-12
8
/10
Isaac M Bear High School
630 Macmillan Ave N
Distance between this listing and this school3.83 miles
Public District Grades 9-12
9
/10
Wilmington Early College High School
4500 Blue Clay Rd
Distance between this listing and this school6.61 miles
Public District Grades 9-12
Assigned Schools
3
/10
A H Snipes Academy of Arts/Des
2150 Chestnut St
Distance between this listing and this school1.09 miles
Public District Grades PK-5
4
/10
Dr John Codington Elementary School
4321 Carolina Beach Rd
Distance between this listing and this school5.37 miles
Public District Grades KG-5
7
/10
Dr Hubert Eaton Sr Elementary School
6701 Gordon Rd
Distance between this listing and this school6.24 miles
Public District Grades PK-5
Nearby Schools
1
/10
Williston Middle School
401 S 10th St
Distance between this listing and this school0.82 miles
Public District Grades 6-8
7
/10
Cape Fear Center For Inquiry
2525 Wonder Way
Distance between this listing and this school3.42 miles
Public Charter Grades KG-8
4
/10
Roland-Grise Middle School
4412 Lake Ave
Distance between this listing and this school3.78 miles
Public District Grades 6-8
Assigned Schools
3
/10
New Hanover High School
1307 Market St
Distance between this listing and this school0.52 miles
Public District Grades 9-12
8
/10
Isaac M Bear High School
630 Macmillan Ave N
Distance between this listing and this school3.83 miles
Public District Grades 9-12
9
/10
Wilmington Early College High School
4500 Blue Clay Rd
Distance between this listing and this school6.61 miles
The neighbors living near this home have an average income of $14,095. The majority of Wilmington, NC residents have income less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 508 Mcrae St
What is the listing price of this property?
The listing price of 508 Mcrae St property is $525,000.
What type of property is this?
The property 508 Mcrae St is land located in Wilmington, North Carolina, 28401.
Is this property for sale now?
Accepting Backup Offers: 508 Mcrae St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 508 Mcrae St are: A H Snipes Academy of Arts/Des: GreatSchools Rating 3/10Dr John Codington Elementary School: GreatSchools Rating 4/10Dr Hubert Eaton Sr Elementary School: GreatSchools Rating 7/10New Hanover High School: GreatSchools Rating 3/10Isaac M Bear High School: GreatSchools Rating 8/10Wilmington Early College High School: GreatSchools Rating 9/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $550 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 508 Mcrae St in Wilmington, NC and zip code 28401 in the Northside neighborhood. This home sits on a 0.54 acre lot. It has been listed on Rocket Homes since November 28, 2023 and is currently priced at $525,000.
Wilmington, NC housing market in March 2024 saw over 54 listings sold above listed price, more than 53 sold at listed price and over 157 sold below. The number of homes for sale in Wilmington, NC increased by 6.8% between February 2024 and March 2024. Listings spent 39 days on the market in March 2024, and had a median list price of $409,102 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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.
Pro Boxing
Pro Boxing
NHRA Drag Racing
Burlington
Family Dollar
Big Lots
Popeyes
Burger King
Golden Corral
Dodge
Buick
Kia
Urban Contemporary
Adult Standards