NOT LISTED FOR SALE

508 Mcrae St Wilmington, NC 28401

Northside Neighborhood

Estimated Value: $467,000

0.54 Acres
$864,815 Price per Acre
5,793 Sq Ft Lot

Sale Details

Date Sold: December 20, 2024

Last sale price $530,000

Est. 12% decrease in value since last sale

Current estimated payment $2,594 / mo

101 Days on Market

About This Lot

As of December 2024

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.

Last Agent to Sell the Property

Morgan Beatty Group

RE/MAX Essential Listed on: 11/28/2023

RE/MAX Essential

Co-Listed By

Kenneth Fisher

RE/MAX Essential License #227264

RE/MAX Essential

Last Buyer's Agent

Kenneth Fisher

RE/MAX Essential License #227264

RE/MAX Essential

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $856

Lot Details

  • 5,793 Sq Ft Lot
  • Property fronts a state road
  • Cleared Lot
  • Property is zoned CB

Home Design

  • Mixed Use

Schools

  • Snipes Elementary School
  • Williston Middle School
  • New Hanover High School

Community Details

  • Property has a Home Owners Association
  • Rankin Place North Subdivision

Listing and Financial Details

  • Assessor Parcel Number R04813-023-006-000

Property Details

Property Type

Land

Est. Annual Taxes

$856

Lot Details

5,793 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Secondary Subdivision: N/A
  • Property Sub Type: Mixed Use
  • Original List Price: 525000.00
  • Other Structures: None
  • Island Or Mainland: Mainland
  • Prospect Exempt Y N: No
  • Remarks Written By Agent Y N: Yes
  • List Price Per Acre: 972222.22
  • Special Features: None

Interior Features

  • Bathrooms Total Source: MLS

Exterior Features

  • Fencing: None
  • Road Frontage Type: City Street, State Road
  • Waterfront?: No

Utilities

  • Utilities: Sewer Available, Water Available
  • Water Source: Public
  • Sewer Provider: Municipal Sewer

Condo/Co-op/Association

  • Association Amenities: None
  • Has H O A?: Yes

Schools

  • Elementary School: Snipes
  • High School: New Hanover
  • Middle Or Junior School: Williston

Lot Info

  • Deed Book: 5972
  • Deed Page: 2329.00
  • Zoning: CB
  • Current Use: Commercial, Residential, Retail
  • Environmental Hazard: Unknown
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared
  • Lot Size Acres: 0.54
  • Lot Size Sq Ft: 5793.00
  • Wooded Area: 840.00
  • Purchase Contract Date: 2024-04-26
  • Parcel#: R04813-023-006-000
  • Cobra Zone Y N: No
  • Deed Restriction Y N: No
  • Permitted Use: Public

Tax Info

  • Tax Year: 2022
  • Tax Block: 0
  • Tax Book Number: 0
  • Tax Map Number: R04813023006000
  • Tax Other Assessment Amount Frequency: n/a
  • Tax Amount: 855.95

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2023
Closed on
Dec 9, 2024
Sold by
Bought by
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
$467,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$63,000
Avg. Annual Appreciation
-7.56%

Purchase Details

Listed on
Jun 11, 2015
Closed on
Jun 13, 2016
Sold by
Bought by
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
0.0366%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jun 11, 2015
Closed on
Apr 29, 2016
Sold by
Bought by
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
0.0366%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 22, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 13, 1993
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 1993
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 1981
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 1977
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$530,000 None Listed On Document
$11,000 None Available
$40,000 Prism Title & Closing Servic
-- None Available
$5,000 --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $40,800
Previous Owner $34,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    Seller's Agent in 2024

    Morgan Beatty Group

    RE/MAX

    (910) 777-2722

    15 in this area

    188 Total Sales

    Morgan Beatty Group
    Section Image
  • Kenneth Fisher

    Seller Co-Listing Agent in 2024

    Kenneth Fisher

    RE/MAX

    (910) 616-2123

    1 in this area

    18 Total Sales

    Kenneth Fisher
    Section Image

  • 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

    30 Total Sales

    Claire Reddick
    Section Image
See All Agents

Map

Source: Hive MLS

MLS Number: 100416469

Hive MLS

APN: R04813-023-006-000

North Carolina New Hanover County Wilmington 28401 Northside

508 Mcrae St, Wilmington, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hive MLS 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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