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Sold for $890,000
  • $890,000

    708 Market Street, Wilmington, NC 28401

    6beds
    5,467sqft
    Single Family Residence
    Built in 1948
    0.42 Acres Lot
    $877,300 Zestimate®
    $163/sqft
    $5,216 Estimated rent

    Home value

    $877,300

    $816,000 - $947,000

    $5,216/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeffrey G Hovis 910-512-2205,

    Intracoastal Realty Corp

    Bought with:

    Leo B Andrades, 309460

    Coldwell Banker Sea Coast Advantage

    Source: Hive MLS,MLS#: 100472145MLS LogoOriginating MLS: Cape Fear Realtors MLS, Inc.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    • Full bathrooms: 5
    Rooms
    • Room types: Dining Room
    Dining room
    • Features: Formal
    Heating
    • Natural Gas, None
    Cooling
    • Central Air
    Appliances
    • Included: See Remarks
    • Laundry: Dryer Hookup, Washer Hookup
    Features
    • High Ceilings, Basement
    • Flooring: Tile, Wood
    • Basement: Dirt Floor
    • Attic: Access Only
    Interior area
    • Total structure area: 5,467
    • Total interior livable area: 5,467 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Additional Parking, Off Street
    • Uncovered spaces: 5
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Three Or More
    • Stories: 3
    • Patio & porch: Covered, Porch
    • Exterior features: None
    • Fencing: Metal/Ornamental,Partial
    • Waterfront features: None
    Lot
    • Size: 0.42 Acres
    Details
    • Parcel number: R04817039004000
    • Zoning: HD
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Historic District
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Block, Crawl Space
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1948

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Sewer Available, Water Available
    Green energy
    • Green verification: None

    Community & HOA

    Community
    • Subdivision: Historic District
    HOA
    • Has HOA: No
    • Amenities included: None
    Location
    • Region: Wilmington

    Financial & listing details

    • Price per square foot: $163/sqft
    • Tax assessed value: $516,100
    • Annual tax amount: $4,490
    • Date on market: 10/21/2025
    • Cumulative days on market: 411 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    12/22/2025Sold$890,000$163/sqft
    Source: Hive MLS #100472145 Report a problem
    12/6/2025Contingent$890,000$163/sqft
    Source: Hive MLS #100472145 Report a problem
    11/30/2025Price change$890,000-10.1%$163/sqft
    Source: Hive MLS #100472145 Report a problem
    8/25/2025Listed for sale$990,000-10%$181/sqft
    Source: Hive MLS #100472145 Report a problem
    8/6/2024Listing removed--
    Source: Hive MLS #100433611 Report a problem
    3/19/2024Listed for sale$1,100,000-15.4%$201/sqft
    Source: Hive MLS #100433611 Report a problem
    1/26/2024Listing removed--
    Source: Hive MLS #100395863 Report a problem
    7/21/2023Listed for sale$1,300,000+246.7%$238/sqft
    Source: Hive MLS #100395863 Report a problem
    4/30/2021Sold$375,000+15.4%$69/sqft
    Source: Hive MLS #100252233 Report a problem
    1/15/2021Pending sale$325,000$59/sqft
    Source: Hive MLS #100252233 Report a problem
    1/14/2021Listed for sale$325,000-18.8%$59/sqft
    Source: Hive MLS #100252233 Report a problem
    4/28/2005Sold$400,000$73/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,010 -10.7%$681,400 +32%
    2024$4,490 +3%$516,100
    2023$4,361 -0.6%$516,100
    2022$4,387 $516,100
    2021-- $516,100 +39.8%
    2020-- $369,100
    2019-- $369,100 -21.1%
    2018-- $468,000
    2017-- $468,000 -8.4%
    2016-- $510,800
    2015-- $510,800
    2014-- $510,800
    2013-- $510,800
    2012-- $510,800 -16%
    2011-- $608,066
    2010-- $608,066
    2009-- --
    2007-- $608,066 -13.4%
    2005-- $701,793
    2004-- $701,793
    2003-- $701,793
    2002-- $701,793
    2001-- $701,793
    Find assessor info on the county website

    Neighborhood: Dry Pond/Lake Forest

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Snipes
    • 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
    $877,300
    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
    $877,300