518 Thomas Avenue, Wilmington, NC 28405
Princess Place · New Hanover County
Key Facts
Description
Charming brick ranch on a rare third-acre corner lot, minutes from downtown! Inside, 3 bedrooms and 1 full bath live together on one easy level--no stairs, no wasted square footage, just a layout that works. The primary bedroom, two more bedrooms, living room, dining room, and kitchen all share the same floor, so daily life stays simple. Out back is where this one sets itself apart: a peaceful water feature for quiet mornings, muscadine grape vines growing along the fence line, and a patio with plenty of space to relax or entertain. The oversized corner lot offers room to garden, play, expand, or simply make it your own. An attached one-car garage adds everyday convenience and valuable storage, while no HOA gives you the freedom to personalize the property as you choose. Just minutes from downtown Wilmington, with quick access to ILM, Wrightsville Beach, the Riverwalk, Kennedy Park, and Maides Park. Rare third-acre corner lots like this don't come around often--come see it before someone else does.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1951
Stories
1
Living Area
1,365 sq ft
Lot Size
0.32 acres
Lot Dimensions
89x99x47x73x122
Garage Spaces
1
Parking Spaces
1
Zoning
R-10
MLS® Listing#
100589818
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Pool
Parking
Laundry
Patio
Fencing
Lot Features
Construction
Roof
Windows
Utilities
Water Source
Rooms
- Bathroom 1
- Bedroom 112.0x11.0First
- Bedroom 211.0x11.0First
- Dining Room13.0x9.0First
- Kitchen14.0x10.0First
- Laundry
- Living Room17.0x13.0First
- Master Bedroom13.0x11.0First
Schools
- Elementary:
- Freeman
- Middle:
- Holly Shelter
- High:
- New Hanover
Financial Details
HOA
None
Annual Taxes
$2,508
Tax year 2025
Assessed Value
$426,100
Parcel Number
R04811-003-003-000
Directions
From Market Street, turn onto Princess Place Drive. Turn right onto Kenwood Avenue, then left onto Belvedere Drive. Turn right onto Thomas Avenue. The property will be on the right.
Affordability Calculator
$65,000
Estimated monthly payment
$1,730/mo
Principal $260,000 · Est. interest $362,723 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Wilmington, NC
- $481,933
- Median Listing Price
- 51
- Median Days on Market
- 1,806
- Median Sq Ft
- $262
- Median Price / Sq Ft
- 845
- Active Listings
- This home’s price is 33% below the area median.
- Its price per sq ft is 9% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Wilmington, NC.
Location
Points of Interest in Wilmington, NC
Showing the Wilmington area map.
Nearby Schools
Calvary Baptist Church
School · 0.2 mi away
Calvary Christian School
School · 0.2 mi away
Rachel Freeman School of Engineering
Elementary · 0.3 mi away
Wilmington Sda School
School · 0.7 mi away
New Hanover High School
Secondary · 1.0 mi away
Mary Sidberry Mosley PLC
School · 1.1 mi away
William H Blount Elementary School
Elementary · 1.1 mi away
Forest Hills Global Elementary School
Elementary · 1.1 mi away
Dorothy B Johnson Elementary
Elementary · 1.1 mi away
Peace Rose Montessori School
Elementary · 1.3 mi away
DC Virgo Middle School
School · 1.3 mi away
International School at Gregory
Elementary · 1.3 mi away
Gregory After School Program
School · 1.3 mi away
Classical Charter Schools of Wilmington
Elementary · 1.5 mi away
Pathways Middle and High School
Secondary · 1.5 mi away
Williston Middle School
Secondary · 1.5 mi away
Ephesus Sda Church
School · 1.6 mi away
Wilmington Preparatory Academy
School · 1.6 mi away
Aqua Aero LLC
School · 1.7 mi away
St James Day School
School · 1.7 mi away
Commute Calculator
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|---|---|---|---|---|
| 4416 Jay Bird Circle Unit 201, Wilmington, NC | $227,500 | 2 | 2 | 1,025 |
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| 5004 Hunters Trail Unit 15, Wilmington, NC | $229,000 | 2 | 2 | 1,249 |
| 406 Forest Park Road 202, Wilmington, NC | $229,000 | 2 | 2 | 1,031 |
| 1254 Shipyard Boulevard, Wilmington, NC | $229,500 | 3 | 2 | 1,207 |
| 3004 Lauren Place Drive Apt 101, Wilmington, NC | $229,900 | 2 | 2 | 951 |
Moving Cost Estimate
EXIT Agents in Wilmington
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