708 Market St Wilmington, NC 28401
Old Wilmington NeighborhoodEstimated payment $5,758/month
Total Views
86
6
Beds
5
Baths
5,467
Sq Ft
$181
Price per Sq Ft
Highlights
- 0.42 Acre Lot
- 3 Fireplaces
- Covered Patio or Porch
- Wood Flooring
- No HOA
- Formal Dining Room
About This Home
An incredible opportunity awaits. Located in Wilmington's Historic District is a unique 5467 square foot historic mansion This Queen Anne-style historic mansion was built by E. William Gilchrist in 1894. It is rare to find a large lot facing two streets in historic downtown Wilmington. This property consists of 0.4 acre and fronts Market Street as well as 7th Street. It is within walking distance to downtown and very close to the new Coca-Cola Soda Pop district.There are many directions one can take this property. One is to follow through with the seller's plan to subdivide the mansion into 4 upscale residences (The Gilchrist Mansion and Carriage House) One could also renovate the 6 bedrooms, 5 bath mansion as a luxurious palatial estate for your own use. Due to the land size and access, there is room for other development plans too. The current owners have gone to great lengths in the restoration of this property. The site has been cleared, all approvals, architectural and engineering plans are in place and ready for this majestic conversion. All the architectural drawings and engineering plans and more are included with this opportunity. The exterior of the mansion has been extensively cared for, the metal roof is newer, the interior has been stripped down to its bones, and its bones are in excellent shape. The house features 12-foot ceilings, a grand staircase, a basement, 8 fireplaces and so much more! A property of this nature is a rare find. If you are looking for the chance for a spectacular residence, or investment opportunities, this property is all that and much more.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,490
Year Built
- Built in 1948
Lot Details
- 0.42 Acre Lot
- Decorative Fence
- Property is zoned HD
Home Design
- Block Foundation
- Wood Frame Construction
- Metal Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 5,467 Sq Ft Home
- 3-Story Property
- 3 Fireplaces
- Formal Dining Room
- Attic Access Panel
- Washer and Dryer Hookup
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Full Bathrooms
Basement
- Partial Basement
- Crawl Space
Parking
- 5 Parking Spaces
- Additional Parking
- Off-Street Parking
Outdoor Features
- Covered Patio or Porch
Schools
- Snipes Elementary School
- Williston Middle School
- New Hanover High School
Utilities
- Heating System Uses Natural Gas
- Electric Water Heater
- Municipal Trash
Community Details
- No Home Owners Association
- Historic District Subdivision
Listing and Financial Details
- Assessor Parcel Number R04817-039-004-000
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | -- | $516,100 | $273,000 | $243,100 |
| 2023 | $4,361 | $516,100 | $273,000 | $243,100 |
| 2022 | $4,387 | $516,100 | $273,000 | $243,100 |
| 2021 | $0 | $516,100 | $273,000 | $243,100 |
| 2020 | $0 | $369,100 | $270,100 | $99,000 |
| 2019 | $0 | $468,000 | $270,100 | $197,900 |
| 2018 | $0 | $468,000 | $270,100 | $197,900 |
| 2017 | $0 | $468,000 | $270,100 | $197,900 |
| 2016 | $0 | $510,800 | $270,100 | $240,700 |
| 2015 | -- | $510,800 | $270,100 | $240,700 |
| 2014 | -- | $510,800 | $270,100 | $240,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2024 12/31/24 | Price Changed | $990,000 | -10.0% | $181 / Sq Ft |
| 10/21/2024 10/21/24 | For Sale | $1,100,000 | +193.3% | $201 / Sq Ft |
| 04/30/2021 04/30/21 | Sold | $375,000 | +15.4% | $66 / Sq Ft |
| 01/15/2021 01/15/21 | Pending | -- | -- | -- |
| 01/12/2021 01/12/21 | For Sale | $325,000 | -- | $58 / Sq Ft |
Source: Hive MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $375,000 | None Available | |
| Warranty Deed | $400,000 | None Available | |
| Special Warranty Deed | -- | None Available | |
| Deed | -- | -- | |
| Deed | $145,000 | -- | |
| Deed | $50,000 | -- | |
| Deed | -- | -- | |
| Deed | $50,000 | -- | |
| Deed | $99,500 | -- | |
| Deed | $30,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,000,000 | New Conventional | |
| Closed | $838,976 | Construction |
Source: Public Records
Similar Homes in Wilmington, NC
Source: Hive MLS
MLS Number: 100472145
APN: R04817-039-004-000
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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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