705 Mcrae Street
Wilmington, NC 28401
- 3 beds
- 2.5 baths
- 1,658 sqft
- 2,178 sqft lot
- $250 per sqft
- 2023 build
- – on site
Welcome to 705 McRae St, a stylish 2023-built home in the heart of downtown Wilmington! This versatile property is perfect as a primary residence or continued use as an income-producing investment, offering a prime location near the Live Oak Pavilion, Brooklyn Arts District, and all the dining, shopping, and entertainment downtown has to offer.Step inside to find 9-foot ceilings and an inviting open-concept layout featuring granite countertops and luxury vinyl plank flooring throughout. A standout feature of this home is the two-story covered porches--with the top-floor porch serving as a private retreat off the primary suite, perfect for relaxing with a morning coffee or evening breeze.Situated on a growing, up-and-coming block, this home offers the opportunity to be part of a thriving and evolving downtown community. Plus, off-street parking--a rare downtown perk--adds even more convenience.Whether you're looking for a turn-key investment or a stylish home in the heart of Wilmington, this property delivers. Don't miss out--schedule your showing today!
Last checked:
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Last updated Mar 14, 2025
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MLS# 100494235 —
The Building
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Year Built:2023
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Construction:Wood Frame
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Construction Type:Stick Built
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Roof:Architectural Shingle
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Stories:2.0
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Stories/Levels:Two
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Exterior Finish:Fiber Cement
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Foundation:Slab
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SqFt - Heated:1,658 Sqft
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Patio and Porch Features:Balcony, Porch, Covered
Interior
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Interior Features:9Ft+ Ceilings, Kitchen Island, Pantry
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# Rooms:4
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Dining Room Type:Combination
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Fireplace:None
Financial & Terms
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Terms:Cash, VA Loan, FHA, Conventional
Location
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Directions to Property:From MLK take the exit to McRae St. Property will be on the right.
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Location Type:Mainland
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City Limits:Yes
The Property
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Property Type:A
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Subtype:Single Family Residence
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Lot Dimensions:irregular
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Lot SqFt:2,309 Sqft
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Waterfront:No
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Zoning:R-3
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Acres Total:0.05
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Fencing:Back Yard, Partial, Privacy
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Road Type/Frontage:Paved, Public (City/Cty/St)
Listing Agent
- Contact info:
- Agent phone:
- (910) 508-4209
- Office phone:
- (910) 297-2540
Taxes
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Tax Year:2024
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Property Taxes:$2,063.64
Beds
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Bedrooms:3
Baths
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Total Baths:3.00
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Full Baths:2
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Half Baths:1
Heating & Cooling
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Heating:Heat Pump
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Heated SqFt:1600 - 1799
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Cooling:Central
Utilities
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Utilities:Municipal Sewer, Municipal Water
Schools
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School District:New Hanover
The Community
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Subdivision:Not In Subdivision
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Secondary Subdivision:N/A
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HOA:No
Parking
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Parking Features:Off Street, Paved, On Street, On Site
Monthly cost estimate
Asking price
$415,514
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,224
|
| Taxes | $171 |
| Insurance | $114 |
| Utilities | $143 See report |
| Total | $2,652/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/13/25
Mar 13, 2025
|
Listed / Active | HIVE | $415,514 | 446.7% (224.2% / YR) |
|
3/17/23
Mar 17, 2023
|
HIVE | $76,000 |
