708 Market Street, Wilmington, NC 28401 – MLS# 100472145
Property Map
Street View
Courtesy of Jeffrey G Hovis, Intracoastal Realty Corp
Description
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.
HOA Amenities
Property Details and Features
Property Access
- Road Type/Frontage: Paved,Public (City/Cty/St)
Appliances & Equipment
- See Remarks
Attic Information
- Access Only
Basement
- Dirt
Bathrooms
- 5 total bathrooms
- 5 full bathrooms
Bedrooms
- 6 bedrooms
Building
- Heated SqFt Range: 5000 – 5499
- 5,467 heated sqft
- Built in 1948
- 3 stories
- 8 rooms
- Construction: Wood Frame
- Porch/Balcony/Deck: Covered,Porch
- Stories/Levels: 3 Story or More
Cooling
- Central
Dining Room
- Dining Room Type: Formal
Exterior Features
- Exterior Features: None
- Exterior Finish: Wood Siding
Fence
- Metal/Ornamental
- Partial
Fireplaces
- 3+
Floors
- Tile
- Wood
Foundation
- Block
- Crawl Space
Garage
- 5 driveway spaces
Water Features
- Electric
Heating
- None
Home Owner’s Association
- HOA Amenities: No Amenities
Interior Features
- 9Ft+ Ceilings
- Basement
Laundry
- Laundry Location: Hookup – Dryer,Hookup – Washer
Listing
- Listed on 2024-10-21
- Construction Type: Stick Built
- List Price/SqFt: $181
- Terms: Cash,Conventional
Location
- County: New Hanover
- Zip Code: 28401
- Latitude: 34.235596
- Longitude: -77.940235
- Subdivision: Historic District
- City Limits: Yes
Lot
- 18,252 sqft lot
- Lot Dimensions: Irregular
- 0.42 acres
- Lot Water Features: None
Energy Saving
- Green Bldg Certify: None
- Green Bldg Features: None
Parking
- Additional Parking
- Off Street
Possession
- At Closing
Property
- Zoning: HD
- Federal Flood Insurance available
Roof
- Metal
Taxes
- Tax Assessed Value: $516,100
- Property Taxes: $4,490
- City Tax Rate: 6443
- Tax Year: 2024
Utilities
- Municipal Sewer
- Municipal Water
- Electric Provider: Duke Progress Energy
- Sewer Provider: Cape Fear Public Utility Authority
- Water Provider: Cape Fear Public Utility Authority