Vacant building lot opportunity for sale in historic downtown Wilmington! Nestled at the corner of Front Street and Meares, this small buildable lot, zoned R-3, presents a blank canvas for your primary home or next investment. Build a cottage, bungalow or embrace the industrial vibe of the corridor and go big with the potential for a three-story residence, this prime location affords captivating views of the majestic Cape Fear River.Situated strategically, the property finds itself at the crossroads of Downtown, halfway between the trendy South Front District / Greenfield Lake, and the heartbeat of the Historic Downtown Central Business District. Immerse yourself in the rich cultural tapestry of Wilmington while enjoying the convenience of this coveted corner lot.Whether you're an investor seeking a lucrative buy-and-hold opportunity or a homeowner envisioning your ideal dwelling, this lot offers a diverse range of possibilities. Design your primary residence to capture the essence of historic Wilmington living or explore the potential for an income-producing rental property - the choice is yours.To make your vision a reality, we can provide access to house plans tailored to maximize the lot's potential. Additionally, our network includes reputable builder referrals, ensuring a seamless transition from concept to construction.Seize the moment to be a part of Wilmington's rich history! Don't miss out on this rare chance to own a slice of downtown paradise.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Innovate-Wilmington
Exterior Features
Exterior Information:
Waterfront: None
Lot Features
Lot Information:
Lot: Corner Lot
Lot Size: 0.07 Acres
Other
Directions Information:
Directions: Corner of Front and Meares Downtown
Price Information
Listing Price Info
Price Summary:
List Price: $125,000
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 $303.3K less than the Median Sold Price in Wilmington, NC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #100424208
Listing Office:
Office Name: Keller Williams Innovate-Wilmington
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: 12/18/2024, 6:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$691
Per Month
Principal & Interest
$624
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
$441
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Sunset Park Elementary School
613 Alabama Ave
Distance between this listing and this school1.01 miles
Public District Grades KG-5
5
/10
Douglass Academy
507 N 6th St
Distance between this listing and this school1.42 miles
Public Charter Grades KG-5
3
/10
Annie H Snipes Academy of Arts & Design
2150 Chestnut St
Distance between this listing and this school1.94 miles
Public Magnet Grades KG-5
Nearby Schools
3
/10
Williston Middle School
401 S 10th St
Distance between this listing and this school0.86 miles
Public District Grades 6-8
4
/10
The International School at Gregory
1106 Ann St
Distance between this listing and this school0.94 miles
Public Magnet Grades KG-8
3
/10
D.C. Virgo Preparatory Academy
813 Nixon St
Distance between this listing and this school2.03 miles
Public District Grades KG-8
Nearby Schools
2
/10
New Hanover High School
1307 Market St
Distance between this listing and this school1.35 miles
Public District Grades 9-12
1
/10
J. C. Roe Center
2875 Worth Dr
Distance between this listing and this school2.57 miles
Public District Grades 6-12
4
/10
Career Readiness Academy at Mosley Plc
3702 Princess Place Dr
Distance between this listing and this school3.03 miles
The neighbors living near this home have an average income of $11,097. Residents of Wilmington, NC typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 102 Meares St
What is the listing price of this property?
The listing price of 102 Meares St property is $125,000.
What type of property is this?
The property 102 Meares St is land located in Wilmington, North Carolina, 28401.
Is this property for sale now?
Active Listing: 102 Meares St is For Sale (Active/New) which means the seller is accepting offers.
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, AI voice, 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 102 Meares St in Wilmington, NC and zip code 28401 in the Dry Pond / South Side neighborhood. This home sits on a 0.07 acre lot. It has been listed on Rocket Homes since January 26, 2024 and is currently priced at $125,000.
Over 38 listings were sold over their listed price in November 2024 in Wilmington, NC. In the same period over 133 listings were sold below the listed price and 47 listings were sold for the listed price. The inventory of homes for sale in Wilmington, NC between October 2024 and November 2024 decreased by 5.6%. The median list price of listings available in November 2024 was $428,375, while the average time on the real estate market was 53 days.
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.
NBA/WNBA
NBA/WNBA
Figure Skating
Major League Soccer (MLS)
Express/Express For Men
Family Dollar
Banana Republic
Starbucks
Church's Chicken
Sonic
Pontiac
Cadillac
Infiniti
Urban Contemporary
Jazz
Rhythmic Contemporary Hits