708 Market Street

Wilmington, NC 28401

$1,100,000
Price
—
Beds
5,467 Sq. Ft.
$201 / Sq. Ft.
5,467
Sq. Ft.
$201
per Sq. Ft.
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Description

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...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 more.
  1. Listed by Jeffrey G Hovis • Intracoastal Realty Corp
  2. Listed by Sky Grainger • Intracoastal Realty Corp

Property Details for 708 Market Street

Parking Features
Off Street
Subdivision Name
Historic District
Zoning
HD
LISTING UPDATED: 10/31/2024 03:08 PM

Property Details for 708 Market Street

StatusActive
MLS #100472146
Days on Market32
Taxes$4,490 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family
Year Built1948
Lot Size0.42 AC / 18,252 SF
CountyNew Hanover County

Building Information for 708 Market Street

Stories-Residences-Year Built1948Building Size-Lot Size0.42 AC / 18,252 SF

Property Information for 708 Market Street

Summary
Location and General Information
  • City: Wilmington
  • State Or Province: NC
  • Postal Code: 28401
  • County Or Parish: New Hanover
  • Directions: From downtown take Market Street East. House is in the 700 block of Market Street.
  • Latitude: 34.24
  • Longitude: -77.94
  • City Limits: Yes
  • Building Ext Features: Location Type: Mainland
  • County Highway: 6 - 10 Miles
  • Interstate: 6 - 10 Miles
  • Port: 6 - 10 Miles
  • Rail: 6 - 10 Miles
  • State Highway: 6 - 10 Miles
  • Legal and Taxes: Zoning Details: HD
Taxes and HOA
  • Tax Other Assessment Amount Frequency: none
  • Association Fee: $.00
  • Tax Legal Description: Pt Lts 1/2/3 Blk 158 Wilm
  • Tax Book Number: 0
  • Tax Map Number: R04817-039-004-000
  • Tax Year: 2024
  • Tax Assessed Value: $516,100.00
  • Parcel Number: R04817-039-004-000
  • Tax Block: 0
  • Association: No
  • Tax Annual Amount: $4,490.07
  • Legal and Taxes: HOA: No
  • Legal and Taxes: Cobra Zone: No
  • Legal and Taxes: Deed Book: 6443
  • Legal and Taxes: Deed Page: 1859.0
  • Legal and Taxes: Legal: Pt Lts 1/2/3 Blk 158 Wilm
  • Legal and Taxes: PID: R04817-039-004-000
  • Legal and Taxes: Plat Book: 0
  • Legal and Taxes: Plat Page: 0
  • Legal and Taxes: Tax Assessed Value: $516,100.00
  • Legal and Taxes: Total Real Estate Property Taxes: $4,490.07
  • Legal and Taxes: Tax Year: 2024
  • HOA Amenities: Access Only: Yes
Parking
  • Attached Garage: No
  • Garage: Masterlock
  • Parking Driveway: Off Street: Yes
Virtual Tour
Property
Lot Information
  • Lot Size Units: Acres
  • Lot Size Acres: 0.42
  • Lot Size Area: 0.42
  • Lot Size Dimensions: Irregular
  • Building Area Total: 5467.0
  • Lot Size Square Feet: 18252.0
  • Building Ext Features: Lot Dimensions: Irregular
  • Building Ext Features: Lot Acres: 0.42
  • Building Ext Features: Lot Sq Ft: 18252.0
  • Sq Ft - Total Available: 5467.0
Property and Assessments
  • Current Use: Vacant
  • Business Type: Mixed Use
  • New Construction: No
  • Year Built: 1948
  • Legal and Taxes: Federal Flood Insurance Available: Yes
  • Legal and Taxes: Special Assessments: none
  • Sub- Type: Mixed Use: Yes
Utilities
  • Sewer: Municipal Sewer
  • Water Source: Municipal Water
  • Service Providers: Electric Provider: Duke Progress Energy
  • Service Providers: Natural Gas Provider: Piedmont Natural Gas Co.
  • Service Providers: Sewer Provider: Cape Fear Public Utility Authority
  • Service Providers: Water Provider: Cape Fear Public Utility Authority
  • Utilities: Municipal Sewer: Yes
  • Utilities: Municipal Water: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding
  • Roof: Metal
  • Exterior Finish: Wood Siding: Yes
  • Fuel Tank: None: Yes
  • Roof: Metal: Yes
  • Road Type Frontage: 2 - 3 Lanes: Yes
Interior Features
  • Flooring: Tile, Wood, See Remarks
  • Basement: Dirt
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Heating: Yes
  • Basement: Dirt: Yes
  • Flooring: Tile: Yes
  • Flooring: Wood: Yes
  • Cooling System: Central: Yes
  • Heating System: Natural Gas: Yes
Multi Family
Unit 4
  • Cooling: See Remarks: Yes
  • Owner Pays: See Remarks: Yes

Property History for 708 Market Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 708 Market Street

Taxable ValueLand$273,000Additions$243,100Total$516,100
Home Facts
Beds6Baths5Total Finished SqFt5,644 SqFtAbove Grade Finished SqFt5,644 SqFtStories2Lot Size18,252 SqFtStyleSingle Family ResidenceYear Built1948ZoningHD,HISTORIC DCountyNEW HANOVERAPNR04817-039-004-000Fireplace TypeHas Fireplace

Schools near 708 Market Street

This home is within New Hanover County School District.
Rating
School
Type
Grades
Distance
Annie H Snipes Elementary
Public - K to 5
Williston Middle
Public - 6 to 8
New Hanover High
Public - 9 to 12
D.C. Virgo Preparatory Academy
Public - 6 to 8
Rating
School
Distance
Annie H Snipes Elementary
PublicK to 5

Williston Middle
Public6 to 8

New Hanover High
Public9 to 12

D.C. Virgo Preparatory Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 708 Market Street, Wilmington, NC 28401

708 Market Street is a multi-family home for sale in Wilmington, NC 28401. This property was listed for sale on October 21, 2024 by Intracoastal Realty Corp, it's currently listed at $1,100,000. It has been on the market for a total of 32 days and was last sold on April 30, 2021. This listing's school district is New Hanover County School District. Nearby schools include Annie H Snipes Elementary, Williston Middle and New Hanover High. 708 Market Street is a 0-bed, 0-bath, 5,467 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Intracoastal Realty Corp

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 10/31/2024 03:08 PM. 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 Compass 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. © 2024 Hive MLS