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
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
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Housing Market Comparison
See how this home compares to others in Wilmington, NC.
This property is $99.4K 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: 11/21/2024, 12:20:52 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.
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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
Douglass Academy
507 N 6th St
Distance between this listing and this school0.21 miles
Public Charter Grades KG-5
3
/10
Annie H Snipes Academy of Arts & Design
2150 Chestnut St
Distance between this listing and this school1.11 miles
Public Magnet Grades KG-5
2
/10
Rachel Freeman School of Engineering
2601 Princess Place Dr
Distance between this listing and this school1.49 miles
Public Magnet Grades KG-5
Nearby Schools
3
/10
D.C. Virgo Preparatory Academy
813 Nixon St
Distance between this listing and this school0.59 miles
Public District Grades KG-8
4
/10
The International School at Gregory
1106 Ann St
Distance between this listing and this school0.73 miles
Public Magnet Grades KG-8
3
/10
Williston Middle School
401 S 10th St
Distance between this listing and this school0.85 miles
Public District Grades 6-8
Nearby Schools
2
/10
New Hanover High School
1307 Market St
Distance between this listing and this school0.52 miles
Public District Grades 9-12
4
/10
Career Readiness Academy at Mosley Plc
3702 Princess Place Dr
Distance between this listing and this school2.22 miles
Public District Grades 6-12
5
/10
Girls Leadership Academy of Wilmington
4100 Sunglow Dr
Distance between this listing and this school2.41 miles
The neighbors living near this home have an average income of $14,095. The most common annual income of people living in Wilmington, NC is less than $35k. Typical family type is single, no kids. The most common level of education of people living 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 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).
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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.
Over 46 listings were sold over their listed price in October 2024 in Wilmington, NC. In the same period over 153 listings were sold below the listed price and 66 listings were sold for the listed price. Between September 2024 and October 2024, Wilmington, NC real estate market has seen increase in the number of listings by 3.5%. In October 2024, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $425,528.
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.
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