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508 McRae Street

508 McRae Street, Wilmington, NC 28401
508 McRae Street has been categorized by the local assessors in Wilmington, NC as a type of property. The building on the property was first built in 1949 and is 77 years old. However, we must point out that the home was most recently renovated and altered in 1965. The building has a total of 100 stories. The area measurement of the land has been determined as 5,793 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as . From what we've gathered, the quality of these control joints have been graded with a letter grade of by the local assessor. The exterior walls of the building are made of . The inside of the home is being cooled with at the moment. In terms of heating, it is utilizing . Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 508 McRae Street was last sold in Jun 13, 2016 for $11,000. According to our calculations, that's $13.10 per sqft. Prior to that sales transaction, the property was sold for $40,000 in Apr 29, 2016. Current property owners are expected to pay $85,092 in taxes per year. The property on 508 McRae Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $100,700. To break that down further, the land itself was valued at $44,700. While improvements to the property were assessed at a total of $56,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20231127
11/27/2023
Loft
-
-
$525,000
bedrooms
Loft
bathrooms
-
-
-
Morgan Beatty Group
RE/MAX Essential


Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1965
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 12
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,793
  • Total Building Area: 840
  • Gross Building Area: 840
  • Building Area: 840
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: WILMINGTON
  • Land Acres: 0000000133
  • Standard Land Use Code: 2001
  • County Land Use Code: RSO
  • Legal Description 1: BLK 239 PT WM 4/5 NW 1/4 4

Neighborhood

  • School District Name: New Hanover County Schools
  • Census Tract: 010100

Zoning

  • Zoning: CB,COMMUNI

Geography

  • Assessors Map Reference: MAP 4813
  • District: WM
  • Parcel: R04813-023-006-000
  • Block: 239
  • Lot: 6
  • Municipality: WILMINGTON
  • Latitude: 34.2422
  • Longitude: -77.9396

    Address

  • Full Address: 508 Mcrae St
  • Address - House Number: 508
  • Address - Street Name: Mcrae
  • Address - Suffix Type: St
  • State: NC
  • City Name: Wilmington
  • Carrier Code: C002
  • 4-Digit Zip Code: 3646
  • Zip Code: 28401

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $85,092
  • Tax Rate Code Area: WM

    Market Valuation

  • Market Total Value: $100,700
  • Market Land Value: $44,700
  • Market Improvement Value: $56,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,700
  • Assessed Land Value: $44,700
  • Assessed Improvements Value: $56,000

    Sales

  • Current Sale Contract Date: Jun 13, 2016
  • Current Sale Recording Date: Jun 14, 2016
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016018132
  • Previous Sale Recording Date: May 25, 2016
  • Previous Sale Contract Date: Apr 29, 2016
  • Previous Sale Amount: $40,000
  • Previous Sale Document Type: 55
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About Central Wilmington



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Frequently Asked Questions

What neighborhood is 508 McRae Street located in?
The 508 McRae Street is a land located in the neighborhood of Carolina Heights in Central Wilmington, Wilmington.
What is the average sales price for listings in 508 McRae Street?
The average sales price for units in 508 McRae Street is $0 currently.

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