Attention investors, flippers, and contractors. This property offers a prime opportunity for someone looking for a renovation project. Located a few miles from downtown Wilmington's Historic District and Riverfront, Wilmington airport and Cinespace Studios, this property presents strong potential for a fix-and-flip, long term rental investment or AirBnB. In addition to the main home, there is also a separate wired outbuilding, offering possibilities for storage, workshop space, or potentially a ADU conversion subject to zoning and permitting approval.
Sold for $175,000
$175,000
2422 Princess Place Drive, Wilmington, NC 28405
3beds
1,099sqft
Single Family Residence
Built in 1955
8,276 Square Feet Lot
$174,200 Zestimate®
$159/sqft
$1,801 Estimated rent
Home value
$174,200
$162,000 - $186,000
$1,801/mo
Zestimate® history
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$1,103/mo
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Zillow last checked:
Listing updated:
Listed by:
Jeannie Keim 252-503-7294,
Eastern Shore Real Estate LLC
Bought with:
Emily J Ervin, 328779
Coldwell Banker Sea Coast Advantage-Midtown
Source: Hive MLS,MLS#: 100561541
Originating MLS: Jacksonville Board of Realtors
Originating MLS: Jacksonville Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Master Bedroom, Bedroom 1, Bedroom 2, Living Room, Dining Room
Heating
- Electric, Heat Pump
Cooling
- Central Air
Features
- None
- Flooring: Carpet, Tile
- Basement: None
Interior area
- Total structure area: 1,099
- Total interior livable area: 1,099 sqft
Property
Parking
- Total spaces: 1
- Parking features: Covered, Paved
- Carport spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: One
- Patio & porch: Front Porch
- Fencing: Chain Link
- Has view: Yes
- View description: See Remarks
- Frontage type: See Remarks
Lot
- Size: 8,276 Square Feet
- Dimensions: 75 x 112 x 75 x 111
Details
- Additional structures: Shed(s), See Remarks, Workshop
- Parcel number: R04816011045000
- Zoning: R-10
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Asbestos, Wood Frame
- Foundation: Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Utilities for property: Cable Available, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Arcadia
HOA
- Has HOA: No
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $159/sqft
- Tax assessed value: $316,400
- Annual tax amount: $1,862
- Date on market: 3/20/2026
- Cumulative days on market: 8 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Sold | $175,000$159/sqft |
Source:  Hive MLS #100561541 Report a problem | ||
| 3/28/2026 | Contingent | $175,000$159/sqft |
Source: Hive MLS #100561541 Report a problem | ||
| 3/20/2026 | Listed for sale | $175,000+75%$159/sqft |
Source: Hive MLS #100561541 Report a problem | ||
| 1/28/2026 | Sold | $100,000$91/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,862 +282.5% | $316,400 +182.8% |
| 2024 | $487 +3% | $111,900 |
| 2023 | $473 -0.6% | $111,900 |
| 2022 | $476 -0.7% | $111,900 |
| 2021 | $479 -7.6% | $111,900 +13.7% |
| 2020 | $518 | $98,400 |
| 2019 | $518 | $98,400 |
| 2018 | $518 | $98,400 |
| 2017 | $518 -6% | $98,400 -1.1% |
| 2016 | $551 +4.6% | $99,500 |
| 2015 | $527 +4.4% | $99,500 |
| 2014 | $504 | $99,500 |
| 2013 | -- | $99,500 |
| 2012 | -- | $99,500 -17.1% |
| 2011 | -- | $119,960 |
| 2010 | -- | $119,960 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $69,726 |
| 2004 | -- | $69,726 |
| 2003 | -- | $69,726 |
| 2002 | -- | $69,726 |
| 2001 | -- | $69,726 |
| 2000 | -- | $69,726 |
Find assessor info on the county website
Neighborhood: Chestnut Height/Princess Place
Nearby homes
- $297,5002 bd1 ba1.1k sqft2426 Princess Place Dr, Wilmington, NC 28405Off Market
- $111,0006,098.4 Square Feet321 N 25th St, Wilmington, NC 28405Sold
- $333,5003 bd1 ba1.6k sqft2418 Princess Place Dr, Wilmington, NC 28405Off Market
- $358,8003 bd1 ba1k sqft2416 Princess Place Dr, Wilmington, NC 28405Off Market
- $61,700-- bd-- ba-- sqft319 N 25th St, Wilmington, NC 28405Off Market
- $317,5002 bd1 ba1.2k sqft319 N 25th St, Wilmington, NC 28405Off Market
- $221,4003 bd2 ba1.6k sqft2504 Princess Place Dr, Wilmington, NC 28405Off Market
- $451,4003 bd2 ba1.4k sqft2417 Princess Place Dr, Wilmington, NC 28405Off Market
Nearby schools
GreatSchools rating
- 3/10Rachel Freeman ElementaryGrades: K-5Distance: 0.2 mi
- 8/10Holly Shelter Middle SchoolGrades: 6-8Distance: 7.5 mi
- 3/10New Hanover HighGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Freeman
- Middle: Williston
- High: New Hanover
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$174,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$174,200
- North Carolina
- New Hanover County
- Wilmington
- 28405
- Chestnut Height/Princess Place
- 2422 Princess Place Drive
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