Discover a prime R15 development opportunity in the heart of Wilmington. This 3.50-acre parcel features a beautifully updated 2300sqft single-family home, ideal as an investment property or primary residence. The one-level home boasts three spacious bedrooms, flooded with natural light, fresh designer paint, and brand-new flooring. Two large living areas provide ample space for relaxation or working from home. The formal dining room, adjacent to the kitchen, is adorned with elegant lighting and new flooring, perfect for entertaining. The open kitchen showcases solid hardwood cabinetry, stainless steel appliances, and a generous breakfast area. Enjoy afternoons on the screened porch or explore the gardens and trail leading to the creek. A new 1200 sqft steel barn, built to withstand winds up to 155 mph, is perfect for horses, boat, and RV storage. Additionally, a separate garage with a lift crane offers ample workspace for auto enthusiasts. Included in the sale is a separate three-acre parcel zoned R15, with an easement in place, suitable for an 8-home site community or building your dream house next to the oak trees. Ask about the available 4000 sqft home plan. Don't miss this exceptional opportunity at 5301 Peden Point Road.
Sold for $880,000
$880,000
5301 Peden Point Road, Wilmington, NC 28409
3beds
2,313sqft
Single Family Residence
Built in 1974
3.5 Acres Lot
$579,600 Zestimate®
$380/sqft
$2,393 Estimated rent
Home value
$579,600
$522,000 - $643,000
$2,393/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
English Seward Real Estate Group 910-200-6463,
Berkshire Hathaway HomeServices Carolina Premier Properties,
Tara A English 910-256-0021,
Berkshire Hathaway HomeServices Carolina Premier Properties
Bought with:
A Non Member
A Non Member
Source: Hive MLS,MLS#: 100448036
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Dining Room
Primary bedroom
- Level: Primary Living Area
Dining room
- Features: Combination, Formal
Heating
- Heat Pump, Electric
Cooling
- Central Air
Appliances
- Laundry: Laundry Room
Features
- Master Downstairs, Ceiling Fan(s), Pantry, Blinds/Shades
- Flooring: LVT/LVP
Interior area
- Total structure area: 2,313
- Total interior livable area: 2,313 sqft
Property
Parking
- Total spaces: 2
- Parking features: Covered, Off Street, Paved
- Carport spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Porch, Screened
- Fencing: Back Yard,Wood
Lot
- Size: 3.5 Acres
- Features: Horse Farm, Farm, Pasture, Wooded
Details
- Additional structures: Barn(s), Workshop
- Parcel number: R07616003012000
- Zoning: R-15
- Special conditions: Standard
- Horses can be raised: Yes
- Horse amenities: Pasture, Riding Trail, Barn
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Veneer, Wood Frame
- Foundation: Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Peden Point
HOA
- Has HOA: No
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $380/sqft
- Tax assessed value: $331,100
- Annual tax amount: $1,730
- Date on market: 6/3/2024
- Cumulative days on market: 149 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
- Lease term: 12 Months
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2024 | Sold | $880,000-11.6%$380/sqft |
Source:  Hive MLS #100448036 Report a problem | ||
| 10/29/2024 | Pending sale | $995,000$430/sqft |
Source: Hive MLS #100448036 Report a problem | ||
| 9/26/2024 | Price change | $995,000-8.7%$430/sqft |
Source: Hive MLS #100448036 Report a problem | ||
| 8/18/2024 | Price change | $1,090,000-0.9%$471/sqft |
Source: Hive MLS #100448036 Report a problem | ||
| 7/31/2024 | Price change | $1,100,000-4.3%$476/sqft |
Source: Hive MLS #100448036 Report a problem | ||
| 7/16/2024 | Price change | $1,149,900-4.2%$497/sqft |
Source: Hive MLS #100448036 Report a problem | ||
| 6/3/2024 | Listed for sale | $1,199,999+9.1%$519/sqft |
Source: Hive MLS #100448036 Report a problem | ||
| 4/27/2024 | Listing removed | -- |
Source: Hive MLS #100422133 Report a problem | ||
| 1/15/2024 | Listed for sale | $1,100,000+59.4%$476/sqft |
Source: Hive MLS #100422133 Report a problem | ||
| 3/1/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/15/2023 | Price change | $2,495-0.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/13/2022 | Listed for rent | $2,500$1/sqft |
Source: Hive MLS Report a problem | ||
| 8/26/2022 | Sold | $690,000-8%$298/sqft |
Source: Hive MLS #100328596 Report a problem | ||
| 7/27/2022 | Pending sale | $750,000$324/sqft |
Source: Hive MLS #100328596 Report a problem | ||
| 7/8/2022 | Listed for sale | $750,000$324/sqft |
Source: Hive MLS #100328596 Report a problem | ||
| 6/16/2022 | Pending sale | $750,000$324/sqft |
Source: Hive MLS #100328596 Report a problem | ||
| 5/18/2022 | Listed for sale | $750,000+13.5%$324/sqft |
Source: Hive MLS #100328596 Report a problem | ||
| 1/1/2022 | Listing removed | -- |
Source: Hive MLS #100285284 Report a problem | ||
| 8/9/2021 | Listed for sale | $661,000+271.3%$286/sqft |
Source: Hive MLS #100285284 Report a problem | ||
| 8/29/2014 | Sold | $178,000$77/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,227 +23.5% | $569,000 +71.9% |
| 2024 | $1,804 +0.3% | $331,100 |
| 2023 | $1,798 -5.7% | $331,100 -5% |
| 2022 | $1,907 -0.7% | $348,600 |
| 2021 | $1,921 +16.5% | $348,600 +33.7% |
| 2020 | $1,649 | $260,700 |
| 2019 | $1,649 | $260,700 |
| 2018 | $1,649 | $260,700 |
| 2017 | $1,649 -3.4% | $260,700 +5.8% |
| 2016 | $1,708 +7.6% | $246,400 |
| 2015 | $1,587 | $246,400 |
| 2014 | -- | $246,400 |
| 2013 | -- | $246,400 |
| 2012 | -- | $246,400 -13.8% |
| 2011 | -- | $285,804 |
| 2010 | -- | $285,804 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $176,097 |
| 2004 | -- | $176,097 |
| 2003 | -- | $176,097 |
| 2002 | -- | $176,097 |
| 2001 | -- | $176,097 |
| 2000 | -- | $176,097 |
Find assessor info on the county website
Neighborhood: Myrtle Grove
Nearby homes
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- $190,0000.72 Acres5308 Peden Point Rd, Wilmington, NC 28409Sold
- $249,000-- bd-- ba-- sqft5338 Peden Point Rd, Wilmington, NC 28409Off Market
Nearby schools
GreatSchools rating
- 10/10Heyward C Bellamy ElementaryGrades: K-5Distance: 2.2 mi
- 9/10Myrtle Grove MiddleGrades: 6-8Distance: 0.8 mi
- 5/10Eugene Ashley HighGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Bellamy
- Middle: Myrtle Grove
- High: Ashley
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
$579,600
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
$579,600
- North Carolina
- New Hanover County
- Wilmington
- 28409
- Myrtle Grove
- 5301 Peden Point Road
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