NOT LISTED FOR SALE

516 Thomas Ave Wilmington, NC 28405

Princess Place Neighborhood

Estimated Value: $406,205 - $431,000

3 Beds
2 Baths
1,386 Sq Ft
$303/Sq Ft Est. Value

Sale Details

Date Sold: July 5, 2023

Last sale price $395,000 $285 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,645 / mo

1 Day on Market

Highlights

  • Wood Flooring
  • No HOA
  • Laundry closet
  • Solid Surface Countertops
  • Patio
  • Shed

About This Home

As of July 2023

Classic 1950's ranch home with extensive recent updates. This beautiful home has numerous modern updates yet retains its 70 year old charm! Open floorplan is centered around the kitchen with fantastic granite bar area. The living room with massive window overlooks the quiet street and floods the interior with natural light. Spacious sunroom in the rear doubles as a dining area with a wall of windows overlooking the deep and private back yard with large paver stone patio. The generous master suite has an updated full bath with walk in tiled shower. Two BR's on the opposite side share a second full bath with recently refinished tub and subway tile walls. Home was completely rewired by previous owner along with new HVAC, ductwork, plumbing fixtures, dehumidifier in crawlspace, water heater and more. The home offers tons of storage options with outdoor storage room, wired shed, several closets and partially floored attic. Conveniently located within minutes of downtown along with numerous shopping and dining options.

Last Agent to Sell the Property

Patrick Alderson

eXp Realty Listed on: 06/10/2023

eXp Realty

Last Buyer's Agent

Rob Gibbs

Essential Rental Management Company License #293242

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,034

Year Built

  • Built in 1951

Lot Details

  • 12,023 Sq Ft Lot
  • Property is zoned R-10

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Stick Built Home

Interior Spaces

  • 1,386 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Crawl Space

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry closet
  • Dryer
  • Washer

Attic

  • Pull Down Stairs to Attic
  • Partially Finished Attic

Parking

  • Unpaved Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Shed

Schools

  • Freeman Elementary School
  • Holly Shelter Middle School
  • New Hanover High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Princess Place Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number R04811-003-004-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,034

Year Built

Built in 1951

Lot Details

0.28 Acres

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Dishwasher, Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Washer
  • List Priceper Sq Ft: 272.73
  • New Construction: No
  • Prospect Exempt: No
  • Secondary Subdivision: N/A
  • Total Real Estate Property Taxes: 2034.05
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Floored - Partial, Stairs - Pull Down
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Tile, Wood
  • Interior Amenities: 1st Floor Master, Ceiling Fan(s), Solid Surface, Walk-in Shower
  • Laundry Location: Closet
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Bedroom2 Level: First
  • Bedroom3 Level: First
  • Dining Room Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Primary Bedroom Level: First
  • Sq Ft Heated: 1386.00
  • Stories: 1.0
  • Stories Levels: One
  • Total Heated Primary Separate Sq Ft: 1386.00

Exterior Features

  • Exterior Finish: Asbestos
  • Exterior Structures: Shed(s)
  • Fencing: None
  • Foundation: Crawl Space
  • Porch Balcony Deck: Patio
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Parking Driveway: Off Street, Unpaved

Utilities

  • Cooling System: Central
  • Fuel Tank: None
  • Heated Sq Ft: 1200 - 1399
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • Heating System Fuel Source: Electric

Association/Amenities

  • H O A: No
  • H O Aand Neighborhood Amenities: No Amenities

Schools

  • Elementary School: Freeman
  • High School: New Hanover
  • Middle School: Holly Shelter

Lot Info

  • Cobra Zone: No
  • Deed Page: 1269.00
  • Lot Acres: 0.28
  • Lot Dimensions: IRR
  • Lot Number: 8
  • Lot Sq Ft: 12023.00
  • Zoning: R-10

Tax Info

  • Tax Identifier: R04811-003-004-000
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2023
Closed on
Jul 5, 2023
Sold by
Dunn John F and Dunn Joanne M
Bought by
Armstrong Kimrey
Seller's Agent
Patrick Alderson
eXp Realty
Buyer's Agent
Rob Gibbs
Essential Rental Management Company
List Price
$378,000
Sold Price
$395,000
Premium/Discount to List
$17,000
4.5%
Views
9
Current Estimated Value
$419,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,551
Avg. Annual Appreciation
2.15%

Purchase Details

Listed on
Jul 30, 2021
Closed on
Oct 5, 2021
Sold by
Broadway Elaine
Bought by
Dunn John and Dunn Joanne M
Seller's Agent
Daniel Demers
Sell Your Home Services LLC
Buyer's Agent
Wade Wilson
Coldwell Banker Sea Coast Advantage-Midtown
List Price
$325,000
Sold Price
$335,000
Premium/Discount to List
$10,000
3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.93%
Original Mortgage
$268,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 1, 2020
Closed on
Aug 24, 2020
Sold by
Gallagher Florence
Bought by
Broadway Elaine
Seller's Agent
Steve Gaconnier
BlueCoast Realty Corporation
Buyer's Agent
Jordyn Rice
Fathom Realty NC LLC
List Price
$280,000
Sold Price
$262,500
Premium/Discount to List
-$17,500
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.33%

Purchase Details

Listed on
Aug 13, 2019
Closed on
Aug 29, 2019
Sold by
Cagle Janet Bryant and The Jasper D Davis Jr Trust
Bought by
Gallagher Florence
Seller's Agent
Lee Anne Rouse
BlueCoast Realty Corporation
Buyer's Agent
Steve Gaconnier
BlueCoast Realty Corporation
List Price
$165,000
Sold Price
$165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.03%

Purchase Details

Closed on
Dec 27, 2005
Sold by
Davis Jasper D and Davis Eris S
Bought by
Davis Jasper D and The Jasper D Davis Jr Trust

Purchase Details

Closed on
Aug 19, 1955
Sold by
Taylor Samuel W Jr Elizabeth Smith
Bought by
Davis Jasper D Jr Eris S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Date Buyer Sale Price Title Company
Armstrong Kimrey $395,000 None Listed On Document
Dunn John $335,000 None Available
Broadway Elaine $263,000 None Available
Gallagher Florence $165,000 None Available
Davis Jasper D -- None Available
Davis Jasper D Jr Eris S $10,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dunn John $268,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/05/2023 07/05/23 Sold $395,000 +4.5% $285 / Sq Ft
06/11/2023 06/11/23 Pending -- -- --
06/10/2023 06/10/23 For Sale $378,000 +12.8% $273 / Sq Ft
10/08/2021 10/08/21 Sold $335,000 +3.1% $248 / Sq Ft View Prior Sale
07/30/2021 07/30/21 For Sale $325,000 +23.8% $240 / Sq Ft
08/25/2020 08/25/20 Sold $262,500 -6.3% $194 / Sq Ft View Prior Sale
07/30/2020 07/30/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $280,000 +69.7% $207 / Sq Ft
09/12/2019 09/12/19 Sold $165,000 0.0% $122 / Sq Ft View Prior Sale
08/17/2019 08/17/19 Pending -- -- --
08/13/2019 08/13/19 For Sale $165,000 -- $122 / Sq Ft
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 -- $428,800 $117,800 $311,000
2023 $2,022 $239,300 $65,300 $174,000
2022 $2,034 $239,300 $65,300 $174,000
2021 $2,111 $246,700 $65,300 $181,400
2020 $1,504 $142,800 $40,600 $102,200
2019 $1,504 $142,800 $40,600 $102,200
2018 $1,504 $142,800 $40,600 $102,200
2017 $1,504 $142,800 $40,600 $102,200
2016 $1,260 $113,700 $36,000 $77,700
2015 $1,204 $113,700 $36,000 $77,700
2014 $1,153 $113,700 $36,000 $77,700
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Patrick Alderson

    eXp Realty

    Section Image

  • R

    Buyer's Agent in 2023

    Rob Gibbs

    Essential Rental Management Company

    (910) 742-0078

    1 in this area

    60 Total Sales

    Rob Gibbs
    Section Image
  • Daniel Demers

    Seller's Agent in 2021

    Daniel Demers

    Sell Your Home Services LLC

    (877) 893-6566

    1 in this area

    4,582 Total Sales

    Daniel Demers
    Section Image
  • Wade Wilson

    Buyer's Agent in 2021

    Wade Wilson

    Coldwell Banker Sea Coast Advantage-Midtown

    (910) 619-3502

    3 in this area

    66 Total Sales

    Wade Wilson
    Section Image

  • A

    Buyer Co-Listing Agent in 2021

    Aynsley Eggen

    Coldwell Banker Sea Coast Advantage-Midtown

  • Steve Gaconnier

    Seller's Agent in 2020

    Steve Gaconnier

    BlueCoast Realty Corporation

    (910) 431-1181

    21 Total Sales

    Steve Gaconnier
    Section Image
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Map

Source: Hive MLS

MLS Number: 100389033

Hive MLS

APN: R04811-003-004-000

North Carolina New Hanover County Wilmington 28405 Princess Place

516 Thomas Ave, 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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