511 Marstellar St Wilmington, NC 28401
Dry Pond-South Side NeighborhoodEstimated payment $2,088/month
Highlights
- Guest House
- Wood Flooring
- Covered Patio or Porch
- Myrtle Grove Middle School Rated 9+
- No HOA
- Fenced Yard
About This Home
Investor's dream! Rare opportunity to own both 509 and 511, featuring a beautifully renovated 3-bedroom, 1-bath bungalow plus a detached studio apartment above the garage. With income-producing potential and the ability to subdivide the lot (buyer to verify), this property offers incredible flexibility for investors, owner-occupants, or multigenerational living.
Nestled beneath a stunning mature live oak on a .20-acre lot, the main home welcomes you with a charming front porch and private driveway. Inside, you'll find refinished hardwood floors, new tile flooring, a beautifully renovated kitchen and bathroom, brand-new kitchen appliances, and fresh paint throughout. Major updates include a new HVAC system (2023), all new windows and exterior doors, updated interior and exterior lighting, and exterior wood replacement.
The detached studio apartment creates an excellent opportunity for rental income, a guest suite, or a private home office. Below, the garage provides ample storage, while the detached backyard shed offers even more space for tools and equipment. The fully fenced backyard is a blank canvas with plenty of room for gardening, entertaining, or creating your own outdoor oasis.
Located within walking distance of the South Front District and just minutes from Greenfield Lake, the Cargo District, and historic downtown Wilmington. Enjoy easy access to the 5th Avenue bike route, making it simple to reach Wilmington's restaurants, breweries, shopping, and riverfront attractions.
Whether you're expanding your investment portfolio, house hacking, or searching for a property with future development potential, opportunities like this are hard to find.
Listing Agent
Coldwell Banker Sea Coast Advantage License #342556 Listed on: 07/03/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,531
Year Built
- Built in 1910
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 90x100
- Property fronts a state road
- Fenced Yard
- Wood Fence
- Property is zoned R-5
Parking
- 1 Car Detached Garage
- Off-Street Parking
Home Design
- Brick Foundation
- Block Foundation
- Wood Frame Construction
- Architectural Shingle Roof
- Wood Siding
Interior Spaces
- 799 Sq Ft Home
- 1-Story Property
- Living Room
- Dining Area
- Gas Oven
- Laundry in Hall
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Bedroom Suite
- 1 Full Bathroom
Attic
- Attic Floors
- Pull Down Stairs to Attic
Schools
- Forest Hills Elementary School
- Myrtle Grove Middle School
- Hoggard High School
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Municipal Trash
Additional Features
- Covered Patio or Porch
- Guest House
Community Details
- No Home Owners Association
- Dawson Greenfield Subdivision
Listing and Financial Details
- Tax Lot 5/6
- Assessor Parcel Number R05413-021-002-000
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,531 | $260,100 | $76,700 | $183,400 |
| 2023 | $1,105 | $130,800 | $45,300 | $85,500 |
| 2022 | $1,112 | $130,800 | $45,300 | $85,500 |
| 2021 | $0 | $130,800 | $45,300 | $85,500 |
| 2020 | $823 | $78,100 | $40,300 | $37,800 |
| 2019 | $823 | $78,100 | $40,300 | $37,800 |
| 2018 | $823 | $78,100 | $40,300 | $37,800 |
| 2017 | $823 | $78,100 | $40,300 | $37,800 |
| 2016 | $1,299 | $117,200 | $59,800 | $57,400 |
| 2015 | $1,241 | $117,200 | $59,800 | $57,400 |
| 2014 | $1,188 | $117,200 | $59,800 | $57,400 |
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 |
|---|---|---|---|---|---|
| 07/03/2026 07/03/26 | For Sale | $365,000 | +46.0% | $457 / Sq Ft | |
| 03/24/2023 03/24/23 | Sold | $250,000 | 0.0% | $297 / Sq Ft | View Prior Sale |
| 02/26/2023 02/26/23 | Pending | -- | -- | -- | |
| 02/25/2023 02/25/23 | For Sale | $250,000 | 0.0% | $297 / Sq Ft | |
| 02/08/2023 02/08/23 | Pending | -- | -- | -- | |
| 12/23/2022 12/23/22 | For Sale | $250,000 | -- | $297 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $250,000 | -- | |
| Warranty Deed | $250,000 | -- | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Deed | $54,000 | -- | |
| Deed | $54,000 | -- | |
| Deed | $26,000 | -- | |
| Deed | $26,000 | -- | |
| Deed | $38,000 | -- | |
| Deed | $38,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Hive MLS
MLS Number: 100586361
APN: R05413-021-002-000
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.
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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