Seller's Agent in 2023
Celeste Salzberg
Coastal Knot Realty Group & Business Brokerage
(910) 434-6967
5 in this area
61 Total Sales
501 S 5th Ave Wilmington, NC 28401
Old Wilmington NeighborhoodEstimated Value: $314,000 - $523,000
4
Beds
2
Baths
2,130
Sq Ft
$201/Sq Ft
Est. Value
Highlights
- Main Floor Primary Bedroom
- No HOA
- Formal Dining Room
- 3 Fireplaces
- Covered Patio or Porch
- Living Room
About This Home
As of September 2023This Castle Street District home is a Diamond in the Rough! From the front porch you can see the famous Fire Station No. 2! It's a few minutes to restaurants, bars, coffee and a yoga studio. It's a renovation project in need of a new owner that will appreciate the 4 original wood fireplace mantels with hundred year old fireplace tiles and original pine hardwood floors. Renovations have been estimated to be at least $200,000, but after, you will have a historic home done exactly to your taste! The roof was replaced two years ago so you can go in and lovingly preserve its historical features. The pine floors appear to have only been carpeted and never varnished so they would need light sanding and ready for the varnish color you choose. It would be the only varnish they have seen in 100 years. The location is unbeatable. This neighborhood is so charming that several movies have been shot here. Such an opportunity! Call your realtor and general contractor today and make this your dream home!
Last Agent to Sell the Property
Coastal Knot Realty Group & Business Brokerage License #197830 Listed on: 01/15/2023
Last Buyer's Agent
Berkshire Hathaway HomeServices Carolina Premier Properties License #225433
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,763
Year Built
- Built in 1903
Lot Details
- 2,971 Sq Ft Lot
- Lot Dimensions are 45x66
- Brick Fence
- Property is zoned HD-R-HD-R
Home Design
- Wood Frame Construction
- Architectural Shingle Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 2,130 Sq Ft Home
- 2-Story Property
- Ceiling height of 9 feet or more
- 3 Fireplaces
- Living Room
- Formal Dining Room
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- 2 Full Bathrooms
Basement
- Partial Basement
- Crawl Space
Parking
- Gravel Driveway
- Dirt Driveway
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Covered Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Community Sewer or Septic
Community Details
- No Home Owners Association
- Downtown Subdivision
Listing and Financial Details
- Assessor Parcel Number R05405-036-011-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 15, 2023
Closed on
Aug 24, 2023
Sold by
Sawyer Myrus and Sawyer Freddie W
Bought by
Cavanaugh Logan
Seller's Agent
Celeste Salzberg
Coastal Knot Realty Group & Business Brokerage
Buyer's Agent
Craig Yarboro
Berkshire Hathaway HomeServices Carolina Premier Properties
List Price
$375,000
Sold Price
$306,500
Premium/Discount to List
-$68,500
-18.27%
Views
473
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,179
Avg. Annual Appreciation
21.26%
Purchase Details
Closed on
May 1, 1984
Bought by
Sidbury Freddie W
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cavanaugh Logan | -- | None Listed On Document | |
| Sidbury Freddie W | $1,100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hamby Russell J | $408,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2023 09/06/23 | Sold | $306,500 | -18.3% | $144 / Sq Ft |
| 07/10/2023 07/10/23 | Pending | -- | -- | -- |
| 02/22/2023 02/22/23 | For Sale | $375,000 | 0.0% | $176 / Sq Ft |
| 02/04/2023 02/04/23 | Pending | -- | -- | -- |
| 01/30/2023 01/30/23 | Price Changed | $375,000 | -5.1% | $176 / Sq Ft |
| 01/15/2023 01/15/23 | For Sale | $395,000 | -- | $185 / Sq Ft |
Source: Hive MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $1,763 | $202,700 | $72,300 | $130,400 |
| 2022 | $1,723 | $202,700 | $72,300 | $130,400 |
| 2021 | $1,735 | $202,700 | $72,300 | $130,400 |
| 2020 | $2,412 | $229,000 | $92,400 | $136,600 |
| 2019 | $2,412 | $229,000 | $92,400 | $136,600 |
| 2018 | $2,412 | $229,000 | $92,400 | $136,600 |
| 2017 | $2,412 | $229,000 | $92,400 | $136,600 |
| 2016 | $2,017 | $182,000 | $83,100 | $98,900 |
| 2015 | $1,927 | $182,000 | $83,100 | $98,900 |
| 2014 | $1,845 | $182,000 | $83,100 | $98,900 |
Source: Public Records
Agents Affiliated with this Home
-
Celeste Salzberg
-
Craig Yarboro
Buyer's Agent in 2023
Craig Yarboro
Berkshire Hathaway HomeServices Carolina Premier Properties
(910) 262-3389
2 in this area
72 Total Sales
Map
Source: Hive MLS
MLS Number: 100365514
APN: R05405-036-011-000
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. 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 Homesnap, Inc. 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. ©2025 Hive MLS LLC
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