Seller's Agent in 2024
Morgan Beatty Group
RE/MAX
(910) 620-0234
12 in this area
165 Total Sales
508 Mcrae St Wilmington, NC 28401
Northside NeighborhoodEstimated Value: $566,000
0.54
Acre
$1,048,148
Price per Acre
23,522
Sq Ft Lot
About This Lot
As of December 2024Northside 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 Type
- Land
Est. Annual Taxes
- $856
Lot Details
- 0.54 Acre Lot
- Cleared Lot
- Property is zoned CB
Home Design
- Mixed Use
Schools
- Snipes Elementary School
- Williston Middle School
- New Hanover High School
Community Details
- Rankin Place North Subdivision
Listing and Financial Details
- Assessor Parcel Number R04813-023-006-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 27, 2023
Closed on
Dec 9, 2024
Sold by
Mortensen Robert Austin
Bought by
Robuck Homes Triangle Llc
Seller's Agent
Morgan Beatty Group
RE/MAX Essential
Buyer's Agent
Kenneth Fisher
RE/MAX Essential
List Price
$525,000
Sold Price
$530,000
Premium/Discount to List
$5,000
0.95%
Views
28
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
$36,000
Avg. Annual Appreciation
5.88%
Purchase Details
Listed on
Jun 11, 2015
Closed on
Jun 13, 2016
Sold by
Williamson Harriette and Williamson Charles
Bought by
Mortenses Robert Austin
Seller's Agent
Danny Brock
Berkshire Hathaway HomeServices Carolina Premier Properties
Buyer's Agent
Claire Reddick
Saltworks Realty LLC
List Price
$90,000
Sold Price
$40,000
Premium/Discount to List
-$50,000
-55.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.14%
Original Mortgage
$40,800
Interest Rate
3.66%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Listed on
Jun 11, 2015
Closed on
Apr 29, 2016
Sold by
The United States Of America
Bought by
Mortensen Robert Austin
Seller's Agent
Danny Brock
Berkshire Hathaway HomeServices Carolina Premier Properties
Buyer's Agent
Claire Reddick
Saltworks Realty LLC
List Price
$90,000
Sold Price
$40,000
Premium/Discount to List
-$50,000
-55.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,800
Interest Rate
3.66%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Sep 22, 2006
Sold by
Gause Christopher C and Gause Wanda H
Bought by
Withers Diane G
Purchase Details
Closed on
Dec 13, 1993
Sold by
Johnson Edith B
Bought by
Gause Christopher Wanda R
Purchase Details
Closed on
Oct 1, 1993
Sold by
Johnson William A Jr Edith B
Bought by
Johnson Edith B
Purchase Details
Closed on
Oct 1, 1981
Sold by
Chestnut Wade H Iii Etal
Bought by
Johnson Willie A Jr Edith B
Purchase Details
Closed on
Dec 1, 1977
Bought by
Chestnut Wade H. Iii Etal
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Robuck Homes Triangle Llc | $530,000 | None Listed On Document | |
| Mortenses Robert Austin | $11,000 | None Available | |
| Mortensen Robert Austin | $40,000 | Prism Title & Closing Servic | |
| Withers Diane G | -- | None Available | |
| Gause Christopher Wanda R | $5,000 | -- | |
| Johnson Edith B | -- | -- | |
| Johnson Willie A Jr Edith B | -- | -- | |
| Chestnut Wade H. Iii Etal | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mortenses Robert Austin | $40,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/20/2024 12/20/24 | Sold | $530,000 | +1.0% | -- | |
| 03/08/2024 03/08/24 | Pending | -- | -- | -- | |
| 11/28/2023 11/28/23 | For Sale | $525,000 | +1212.5% | -- | |
| 05/26/2016 05/26/16 | Sold | $40,000 | -55.6% | -- | View Prior Sale |
| 04/20/2016 04/20/16 | Pending | -- | -- | -- | |
| 06/10/2015 06/10/15 | For Sale | $90,000 | -- | -- |
Source: Hive MLS
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 |
|---|---|---|---|---|
| 2025 | $601 | $102,200 | $102,200 | $0 |
| 2024 | $389 | $44,700 | $44,700 | $0 |
| 2023 | $389 | $100,700 | $44,700 | $56,000 |
| 2022 | $255 | $100,700 | $44,700 | $56,000 |
| 2021 | $862 | $100,700 | $44,700 | $56,000 |
| 2020 | $550 | $52,200 | $27,000 | $25,200 |
| 2019 | $550 | $52,200 | $27,000 | $25,200 |
| 2018 | $550 | $52,200 | $27,000 | $25,200 |
| 2017 | $550 | $52,200 | $27,000 | $25,200 |
| 2016 | $0 | $50,800 | $21,600 | $29,200 |
| 2015 | -- | $50,800 | $21,600 | $29,200 |
| 2014 | -- | $50,800 | $21,600 | $29,200 |
Source: Public Records
Agents Affiliated with this Home
-
Morgan Beatty Group
-
Kenneth Fisher
Seller Co-Listing Agent in 2024
Kenneth Fisher
RE/MAX
(910) 616-2123
1 in this area
25 Total Sales
-
D
Seller's Agent in 2016
Danny Brock
Berkshire Hathaway HomeServices Carolina Premier Properties
-
C
Seller Co-Listing Agent in 2016
Clinton Howlett
Berkshire Hathaway HomeServices Carolina Premier Properties
-
Claire Reddick
Buyer's Agent in 2016
Claire Reddick
Saltworks Realty LLC
(910) 431-8532
112 Total Sales
Map
Source: Hive MLS
MLS Number: 100416469
APN: R04813-023-006-000
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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. ©2026 Hive MLS LLC
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